Cycling Financial News

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EY-Parthenon chief economist Gregory Daco outlines why the Fed will gradually cut interest rates and not get too aggressive on «Making Money.»

“Sectors such as fast moving consumer goods (FMCG), cotton yarn, power, footwear and soft luggage may see a small but manageable negative impact, while ship breaking, jute, readymade garments (RMG) should benefit. For most others, the impact will be insignificant,” the report noted. According to the report, there will be no near-term impact on the credit quality of India Inc either. “However, a prolonged disruption can affect the revenue profiles and working capital cycles of some export-oriented industries for which Bangladesh is either a demand centre or a production hub,” it said.

Subscribe to enjoy similar stories. The longed-for moment is almost here. For two and a half years, ever since America’s Federal Reserve embarked on its fastest series of interest-rate rises since the 1980s, investors have been desperate for any hint of when it would reverse course.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Great Eastern Shipping Company, India's biggest private ocean carrier, will «evaluate» entering the container shipping sector, a senior company executive said. This, according to an industry expert, could be a diversification strategy aimed at mitigating the risks associated with oil trade as the world pivot towards green energy, cutting the quantum of crude and petroleum products shipped by sea. «We will evaluate the container (shipping) space. It's clearly on our radar but not at the moment,» Great Eastern Shipping general manager Rahul Sheth said during an earnings call on August 1, which has not been previously reported. Rahul Sheth is the son of Ravi Sheth, a director of Great Eastern Shipping and managing director of Greatship (India) Ltd, its oilfield services unit. Ravi Sheth's brother Bharat Sheth is the deputy chairman and MD of Mumbai-listed Great Eastern Shipping Company.

A summer start to interest rate cuts from the Bank of Canada failed to breathe new life into the Canadian housing market, with the national real estate association suggesting homebuyers are content to wait for cheaper borrowing costs before getting off the sidelines.

The Bank of Canada is set to get a fresh look at inflation figures this week as some economists expect another big step towards the central bank’s two per cent target.

European shares started a data-packed week on a lower note as traders maintained a cautious stance ahead of a long-awaited monetary easing cycle by the U.S. Federal Reserve, with many leaning towards a bigger-than-expected rate reduction. The pan-European STOXX 600 index was down 0.3%, as of 0710 GMT on Monday, with all major European markets lower and most of the sub-indexes trading in the red.

Ravi Dharamshi, CIO, ValueQuest Investment Advisors, says the generalization that the entire market is expensive tends to miss out on a lot of nuances. There are pockets where there is overvaluation and there are pockets where there is some opportunity present from the next three to five years. India is making itself stand apart from the rest of the world because it is driven by domestic flows. It is driven by much stronger fundamentals. While a correction cannot be ruled out, we are not on the verge of a crash or any crisis that will lead to capital disruption. Right now, the big trigger is going to be coming in from the Fed midweek, but other than that, it is a global rally in place, be it for the US, be it for us. For us, the FIIs also now have made a comeback. How are you feeling about the market? Ravi Dharamshi: There is a lot of scepticism, justifiably through the valuations. But valuations are a necessary condition, not a sufficient condition for the markets to correct. I would say the generalization that the entire market is expensive tends to miss out on a lot of nuances. There are pockets where there is overvaluation and there are pockets where there is some opportunity present from the next three to five years.

Subscribe to enjoy similar stories. New Delhi: Hostile takeovers in India just got a fillip from the country’s competition watchdog.

Subscribe to enjoy similar stories. The Nifty has rallied 16% year-to-date (YTD), but significant gains from here on could be unlikely over the next 12 months, with most of the good news, be it on economic growth, falling inflation and potential interest rate cuts already priced in, believes R. Venkataraman, chairman of IIFL Securities.

This is because in the current environment, where the earnings growth is moderating incrementally, the scope for PE rerating is limited, Amit Ganatra, Head of Equities, Invesco Mutual Fund tells ET Wealth. How are you reading the current market scenario? Is the buoyancy likely to persist on the back of expected interest rate cuts? Market conditions have to be evaluated on the basis of macro outlook and earnings outlook. India’s macro outlook has strengthened in the past few years due to an improvement in the fiscal and current account deficits, and health of balance sheets in the corporate and banking sectors. This has happened at a time when the overall macro conditions for many large economies in the world are either deteriorating or, at best, remain steady. So, in that context, India is demonstrating macro outperformance to the rest of the world.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Indian festivals involve new clothes. Onam, which is today, will see Malayalis receiving new mundus and saris. What isn’t often appreciated is that new clothes mean more old ones, which in time will stop being worn entirely — and then possibly cut up and reused at home. This may seem weird in these days of fast fashion, where nearly new clothes are jettisoned (hopefully ending up in ‘pre loved’ sales rather than the garbage dump). But old clothes were ideally suited for many kitchen tasks. Most obviously as dusters, but for culinary uses too like making paneer or hung curd, which needed fine thin cloth to drain away the whey. This is so integral to cheese-making that cheesecloth is manufactured for this purpose. The Oxford Companion to Cheese notes that it is made “in a variety of thread counts, ranging from coarser weaves in the range of 60 threads per inch… to finer fabrics at 90 threads per inch”. Coarse cloth is used for harder cheeses, drained of more moisture, while finer fabrics retain more, for softer, creamier cheese.

Positive global cues, along with strong FII flows, contributed to a sharp 2% rally in the Nifty last week, bringing it to 25,356. The index has gained approximately 36% since breaking out around the 18,600 level.

Eid-e-Milad-un-Nabi this year will be observed from the evening of September 15 to the evening of September 16. This significant occasion is dedicated to reflecting on and celebrating the life and passing of Prophet Muhammad, who is honored as Allah's final messenger. Eid-e-Milad-un-Nabi, or simply Eid-e-Milad, commemorates both the birth and the death of the Prophet. It falls in Rabi' al-Awwal, the third month of the Islamic calendar, which follows lunar cycles. Because of this, the date varies each year. In 2024, the festival will begin on the evening of Sunday, September 15, and continue through to the evening of Monday, September 16.

Three interest rate cuts in, the Bank of Canada is now firmly entrenched in an easing cycle that has major implications for where Canadians’ money can earn them the best returns.

HSBC initiated coverage on Krishna Institute of Medical Sciences (KIMS) with a 'buy' rating while assigning 'reduce' rating to Global Health (Medanta) and Narayana Hrudayalaya. The brokerage has a 'buy' rating on Apollo Hospitals and Aster Healthcare. «We retain our positive view on the growth outlook for the hospital sector on intact structural drivers: An ageing population, more lifestyle related disorders, increasing healthcare insurance coverage, rising income levels, and better paying ability,» said the analysts at the brokerage.

Eid Milad un Nabi, also known as Eid-e-Milad, will be observed from the evening of Sunday, September 15, 2024, to the evening of Monday, September 16, 2024. This date marks the commemoration of both the birth and death anniversary of Prophet Muhammad. As the Islamic calendar follows the lunar cycle, the exact date of the observance varies each year.