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The Swiss National Bank says it has lowered its main policy rate by a quarter of a percentage point, citing a drop in “underlying inflationary pressure” despite an uptick in some costs like rents, tourism services and oil products

Also Read: PSU stocks: Valuation premiums likely to sustain, says MOSFL; SBI, GAIL among 5 preferred PSU stock picksICICI Securities’ stock picks in the chemical sector among direct beneficiaries are Navin Fluorine International, Chemplast Sanmar and SRF, and among indirect winners are Archean Chemical Industries and Tatva Chintan Pharma Chem.Here are top chemical stocks to buy:ICICI Securities has increased Navin Fluorine share price target to ₹4,135 from ₹3,960 earlier on slight increase in EPS by 1-4% over FY25-26E. The brokerage firm maintained its ‘Buy’ rating on Navin Fluorine shares and the stock remains its preferred pick in the agrochemicals intermediate segment.Chemplast Sanmar is next in our pecking order, and we have increased our EPS estimates by 2-9% over FY25-26E as we factor in slightly higher spreads for PVC business on rising regulatory aids, ICICI Securities said.

credit ratings. Nevertheless, there is a remedy that can help regain financial stability and set the stage for a debt-free future – credit card consolidation.As reported by TransUnion CIBIL, the average credit card debt per borrower in India was approximately ₹36,000 in 2021.

MUMBAI : Infosys McCamish Systems LLC reported its first annual revenue decline in eight years following a ransomware attack and weak macroeconomic demand. Revenue at the wholly owned subsidiary of Infosys Ltd. fell 4.3% to $442 million in the year ended December 2023, according to the company’s annual report earlier this month.

The U.S. inflation rate tumbled from June 2022 to June 2023. It was no slide down the Phillips curve of the sort that textbooks attribute to tighter monetary policy.

The Bank's Monetary Policy Committee is set to meet on Thursday (20 June) to decide the next step in the UK's interest rates path and is widely expected to continuing holding rates at 5.25%. While inflation saw an overall decline, core inflation, the measure that strips out more volatile components, remains high at 3.5%. Underlying areas such as services and home ownership costs were «unlikely to fall away anytime soon», however, according to Michael Field, European market strategist at Morningstar. UK inflation returns to 2% target but June BoE cut remains unlikely He argued to...

The first tender offer will be for up to 15% of the issued share capital of the company, excluding shares held in Treasury. It will run on a tender price equal to a 2% discount to the prevailing net asset value per share as at the calculation date, and will exclude the costs of implementing the tender offer. NextEnergy Solar fund NAV drops 8.4% amid reduction in power price forecasts The trust currently holds £863.3m in total assets with a market cap of £656.3m, according to data from the Association of Investment Companies. The second proposal is for a performance-related tende...

There have been stories in the media recently about the huge amount of cash that active equity mutual fund (MF) schemes have been sitting on lately. As of May 2024, in absolute terms, this amounted to around ₹1.17 lakh crore against ₹95,969 crore in December 2023, according to data from the financial services platform Fisdom. This sounds like a lot of money. But as a percentage of the total assets under management of equity MF schemes, it was at 5.1% in May and 4.9% in December, not materially very different.

The price change in 24 carat gold in the last one week has been -0.1% .whereas in the last month it has been 4.18%.The cost of silver is Rs.88460.0 per kg up by Rs.640.0 per kg. Gold Price Today in Delhi is ₹73210.0/10 grams. Yesterday’s Gold Price on 19-06-2024 was ₹73519.0/10 grams.

Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election preventing a cut, according to analysts. The BoE was widely forecast to keep its cost of borrowing at 5.25 percent, a 16-year high, following a regular monetary policy meeting.

₹6.78 per unit, up 23% from ₹5.51 a month earlier. Further, the duration of power price hitting the cap of ₹10 per unit rose to 12 hours a day, up from four hours a month earlier. "During daytime, prices have been around ₹3.5 per unit and market participants have been leveraging RTM (real-time market) segment to optimize their power procurement costs.

incentive scheme for electric vehicles will be liable to pay penalties in event of non-adherence with laid-down localisation norms, a senior official told ET. Companies certifying vehicles for subsidies under Faster Adoption and Manufacturing of Electric Vehicles (FAME 3) — scheduled to be announced in the upcoming budget — will have to undergo a techno-commercial audit twice a year to ascertain they are meeting localisation guidelines. In the event of irregularities, manufacturers would have to return claimed subsidies with interest at a rate 3% higher than MCLR (marginal cost of funds-based lending rate) in penalties, the official said.

cabinet on Wednesday set the ball rolling on the 100-day agenda of the new government with a slew of decisions, including a 5-11% increase in minimum support price (MSP) for kharif crops, a ₹76,220-crore port in Vadhavan, Maharashtra, and a ₹2,870-crore revamp of the Varanasi international airport. The cabinet — meeting for the first time since the allocation of ministerial portfolios — under the chairmanship of Prime Minister Narendra Modi, also approved viability gap funding (VGF) for offshore wind energy projects. In the run-up to the general election, all ministries and departments had readied a plan for the first 100 days of new government.

Higher mortgage payments during the Bank of Canada’s tightening cycle have forced only a small number of Canadians to take drastic measures and sell their home.

₹4.09Cr in losses.This quarter's performance marks a stark contrast to the same period in the previous fiscal year when the company had reported a profit of ₹0.59Cr.Moreover, the company experienced a notable growth in revenue by 23.74% compared to the previous quarter.On the cost front, the Selling, general & administrative expenses saw a slight decline of 0.48% quarter-over-quarter and a decrease of 3.23% year-over-year.However, the operating income took a hit, dropping by 214.45% sequentially and 400.66% year-over-year.The Earnings Per Share (EPS) for Q4 stood at ₹0.34, reflecting a 20.06% decrease from the previous year.In terms of market performance, Joindre Capital Services delivered returns of 23.46% in the last week, while showing negative returns of -0.76% in the last 6 months and a YTD return of 11.5%.As of now, the company holds a market capitalization of ₹75.52 Cr with a 52-week high/low of ₹71.4 & ₹29.25 respectively.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹-4.09CrQuestion : What is Q4 revenue?Ans : ₹13.41CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

Real estate investor Grant Cardone joins ‘FOX & Friends’ to weigh in, arguing it is the worst time to buy a home in his lifetime. 

California. Researchers from the Chapman University’s Centre for Demographics and Policy have been tracking home prices in 94 English speaking metropolitan cities of the world. Report:

₹76,220 crore port in Maharashtra that will boost cross-border trade and a ₹2,869.65 crore expansion of the airport at Varanasi—Prime Minister Narendra Modi's parliamentary constituency. It also decided to increase the minimum support price for kharif crops and approved funds for a forensic university, Information and Broadcasting minister Ashwini Vaishnaw told reporters after the meeting.Read Also: In 100-day agenda, food processing ministry to incorporate reduction of food wastage in supply chainVaishnaw said the proposed “all-weather greenfield deepdraft major port" at Vadhavan in Maharashtra will be one of the top 10 ports in the world.The project will be carried out by Vadhavan Port Project Ltd (VPPL), a company set up by the Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) with a shareholding of 74% and 26%, respectively.The project cost includes land acquisition and infrastructure building.

The mayor of Kansas City, Missouri, says an economic ‘border war’ between his state and Kansas has restarted

The International Monetary Fund (IMF) has conducted a survey of 19 countries in the Middle East and Central Asia, exploring the adoption and potentials of central bank digital currencies (CBDCs).

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