Cycling Financial News

U.S. Federal Reserve is no longer expected to cut interest rates at its December policy meeting, Nomura has said, making it the first global brokerage to signal a pause in the central bank's rate-cutting cycle in the wake of Donald Trump's election win. Nomura now expects the Fed to deliver only two 25-basis-point (bp) rate reductions at its March and June meetings in 2025, leaving the brokerage's Fed funds rate projection unchanged at 4.125% through next year. The Fed's benchmark overnight interest rate is currently in the 4.50%-4.75% range. It has cut rates by 75 bps in 2024.

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Federal Reserve Bank of Boston President Susan Collins said Friday the US central bank needs to keep a close watch on technological developments in the financial system. «We must all be attuned to the very real risks and challenges» resulting from technical innovations, Collins said in the text of a speech for an event at her bank. «The optimist sees potential for a virtuous cycle, with the financial system benefiting from technological advances enabled by innovations, and adapting to changes in the economy — while a more efficient financial system, in turn, can boost economic growth,» she said.

The mortgage market nervously watched bond yields climb again this week. U.S. president-elect Donald Trump’s policies could potentially be like throwing gasoline on inflation‘s barbecue, and Wall Street’s getting sweaty.

Aloke Bajpai, co-founder and CEO of ixigo.com, highlighted the lack of public awareness around the health risks. He shared his experience of sending his children to school wearing masks, only to face questions from other parents regarding the necessity. Observing elderly individuals continuing outdoor activities despite hazardous air, Bajpai questioned the absence of public health campaigns to raise awareness about the long-term health risks of such exposure. Some online commenters pointed out that while masks can help to an extent, they are not fully effective against polluted air. Others suggested that those who can afford it should consider relocating to areas with cleaner air for the sake of their family’s health, though Bajpai noted that relocating isn’t a practical solution for everyone.

Subscribe to enjoy similar stories. IPO activity in India has hit a new peak this calendar year, with the total issue size amounting to ₹1.38 trillion – the highest in a decade, surpassing the previous peak of ₹1.31 trillion in 2021.

investment opportunities with potential upsides. Goldman Sachs has reiterated its confidence in Eicher Motors and Larsen & Toubro (L&T), citing strong growth drivers and robust performance indicators.

Jai Bala, Chief Market Technician, Cashthechao.com, says he expects the Nifty to hit somewhere to about 21,300 by the end of the year and the banking index to hit somewhere close to 42,000 with an intermediate pause at about 49,000 and 47,000. The Dollar index will be about 109 for the end of the year. The 10-year yields for the US would be about 5.5% by the end of the year. By 2026, the 10-year yields will hit about 800 bps. That is the medium to long-term forecast for the global markets and the macros. Bala also says retail investors should raise as much cash as possible as they can get in and get out of the market much faster than the institutions. Is there any ray of hope for the markets and what can really provide a sigh of relief at this juncture? Jai Bala: I had spoken to you around the time when China's stimulus was on and at that time I had mentioned that the Nifty was likely to drop to somewhere close to 21,300 and when people are focusing on China's stimulus, we should have been focusing on the India correction which is about to set on. I have been holding the view from the 1st of October that this decline is likely to take the market to somewhere close to the June 4th low. So, we are set for further decline to come through, although there could be a counter trend bounce along and the market has just printed the 200-day moving average and so we could see a slight relief. But the markets are still on sell on rise.

Eicher Motors zoomed 7.5% on Thursday to their day’s high of Rs 4,934.50 on the BSE as the company reported an 8% growth in its standalone net profit at Rs 1,010 crore in the quarter ended September 2024. While registering steady growth on an annual basis, Eicher Motors lagged in quarterly comparison. The two-wheeler segment displayed steady growth despite facing the seasonal backlash, leading to lower footfall during the quarter, however, aided by higher ASP, the company registered healthy revenue growth during the quarter.

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Subscribe to enjoy similar stories. NoBroker, the Tiger Global-backed prop-tech startup, sees a burgeoning opportunity in its home loans and insurance vertical as more younger consumers look to invest in houses, a top executive told Mint. The Bengaluru-based company gets a fourth of its over ₹600 crore revenue from financial services and expects its home loans vertical to become its second-biggest business in the coming years, trailing its main real estate buying-and-selling business, said Saurabh Garg, co-founder and chief business officer at NoBroker.

Gautam Duggad, Head Of Research, Director — Institutional Equities, Motilal Oswal, says in consumption stocks, they are down from big overweight to neutral. They are more positive on IT, private banks, real estate and industrials, where they have increased weight. They used to be significantly overweight on consumer discretionary in our model portfolio for the last three years. But even there, they have cut some weights. They used to hold 11 consumption stocks, out of which 9 were discretionary till July. Now, that is down to 6 or 7. On the other hand, in private banks, they are overweight after two years and Tech, they have gone overweight in July. In October, they made it even bigger overweight. What about the underperforming pockets. Pretty much all of consumption has been subpar, as per Street anticipation. Do you think much of the pain is in the price, especially for some of the paint and FMCG categories and do they now become attractive buys or is the pain going to linger on for the next few quarters? Gautam Duggad: Consumption is a very broad ocean now. It is no longer just FMCG. You have at least 10 sub-categories in discretion apart from staples. Staples have clearly slowed down and the signs were visible even a few quarters back when we were seeing urban growth coming off. Today, we are in a situation where as per the Nielsen or some other syndicate data which has come out a couple of days back, the urban growth has come down with just 2.8% at a very top-down industry level, which was 11% a year back.

The recent declines in Canadian interest rates have been a wonderful thing for some, but others are seeing their guaranteed investment returns rapidly decline.

If you looking to buy a home in Toronto, now might be the time, according to a new study — but don’t wait too long.

Subscribe to enjoy similar stories. Mumbai: When Swiggy Ltd lists on the stock exchanges on Wednesday, it will mark the culmination of a short journey for Sriharsha Majety, the company’s co-founder. Majety, who began his startup journey a little over a decade ago by launching a logistics platform, quickly grew bored and shut that business.

Subscribe to enjoy similar stories. MUMBAI : The true litmus test that differentiates high-quality lenders is whether they have “best-in-class" non-performing asset (NPA) ratios during crises. This applies to all kinds of lenders in all kinds of lending segments.

TA Associates will acquire the Bengaluru- and US-based revenue cycle management (RCM) services provider Vee Healthtek for $250 million (about ₹2,100 crore), said sources aware of the development. TA will own a significant majority stake, while the promoter — Chennai-based Valliappa family — will retain a minority stake, added sources. Vee Healthtek, owned by South India-based Sona Group, provides a range of services, including revenue cycle management, professional billing, and IT services to hospitals, health systems, pharmaceutical companies, and physician groups globally. The company boasts a workforce of 5,000 employees worldwide, and is expected to post $100 million in revenue in FY25.

For Indian investors, this principle is just as relevant for country diversification as it is for asset diversification. While investing in India alone can yield strong returns driven by a robust economy, expanding into global markets offers unique benefits that domestic equities alone would not be able to offer.

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