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The Remarkable Rise of Mumbai Real Estate," panellists shared a bullish outlook on the market's resurgence following a slowdown that spanned nearly seven years. "There are homebuyers in every segment today. People after COVID understand that real estate is the real money and the real investment.

investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June and turn their focus on the health of upcoming earnings. The S&P 500 ended the first quarter with a gain of more than 10%, its largest first quarter advance since the nearly 13.1% jump in the first quarter of 2019. While so-called Magnificent Seven stocks such as chipmaker Nvidia and Facebook parent Meta Platforms provided the bulk of the gains for the quarter, economically-sensitive sectors such as energy and industrials have rallied over the past six weeks.

Jerome Powell repeated that the US central bank isn't in any rush to cut interest rates. «We don't need to be in a hurry to cut,» Powell said Friday at an event at the San Francisco Fed. Fresh inflation data released earlier is «pretty much in line with our expectations,» he said. But Powell reiterated it won't be appropriate to lower rates until officials are confident inflation is on track toward their 2% goal.

The Indian rupee's path against the US dollar is one of long-term appreciation as India builds increasingly strong services and goods export buffers to offset the country's traditional current account deficit, said Patrick Law, head of Asia-Pacific fixed income, currencies, and commodities trading, at Bank of America. While a weaker Chinese yuan and the risk of US rates staying higher for longer pose risks for emerging market currencies, the rupee is «a very special case» because of India's bullish outlook, Law tells Bhaskar Dutta. Edited excerpts: Amid sharp swings in the US dollar and Asian currencies, the rupee continues to be stable. Have the fundamental drivers changed for the Indian currency? I am very bullish on India. It's not just about global bond index inclusion. It's about the long-term prospects of the country and the economy, foreign inflows, and investment. India is definitely benefiting from the China-plus-one narrative.

Gold rate today: On account of three US Fed rate cut buzz in 2024, gold price finished on an exceptionally positive note in the last session of FY24. Ahead of the end of FY24, the gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry ended at ₹67,800 per 10 gm level after climbing to a new lifetime peak of ₹67,850 per 10 gm.

Chemists and Druggists (AIOCD), an industry body representing India's retail chemists has asked the Bhartiya Janta Party (BJP) to include the banning of e-pharmacies, regulations of deep discounts and prohibition on discount advertising in their manifesto. «This will save the livelihood of crores,» said the letter by the body to the BJP president JP Nadda. AIOCD said that the online medicine business poses a serious threat to public health, serving as a gateway for counterfeit medications in the country.

₹2 each. The company's promoters include Rajesh Loomba, Aditya Loomba, the Rajesh Loomba Family Trust, and the Aditya Loomba Family Trust. Also read: SRM Contractors IPO: GMP, subscription status to allotment date.

SaaS startups rework pricing models amid shrinking budgets Among the business models, KYC software received the highest funding at $107 million between January and 15 March, followed by hyperlocal delivery app at $100 million. Fintech received $429 million in funding, marking a 48% growth from the last quarter's $289 million.

The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said in an upgrade from its previous estimate

Japan's Nikkei share average logged the biggest rise ever on an absolute basis for the fiscal year ended on Friday, rallying 12,328 points. The index hit successive record highs this quarter, after breaking levels on Feb. 22 that were last seen in 1989 during the nation's bubble economy.

The choice to replace Adidas with Nike as the supplier of kit for the German football team from 2027 to 2034 was a purely commercial decision by the German Football Federation (DFB). Germans’ reaction to the ending of a 77-year-old all-German partnership was, by contrast, highly emotional. Commerce is destroying a piece of Heimat, lamented Karl Lauterbach, the health minister, using the German word that evokes the idea of home, belonging and place.

US stocks ended on a positive note amid expectations that the world’s biggest economy will be able to achieve a soft landing. Japanese, South Korean and mainland Chinese stocks also rose, with much of the region, including Australia, Hong Kong and Singapore closed for a public holiday.

Obama and Bill Clinton dug into an issue that has vexed economists, political strategists and the White House on Thursday — if the U.S.'s fiscal numbers are so good, why are Americans so unhappy about the economy? Speaking at a high-dollar fundraiser for President Joe Biden at New York's Radio City Music Hall, Obama and Clinton urged thousands there to stick with the Democratic president for a second term, while trying to pin down the reasons economic concerns are high despite job growth, healthy spending and better-than-expected GDP increases.

first quarter in five years, as investors digested the latest batch of economic data while looking towards the next inflation reading. Each of the three main U.S. indexes recorded solid quarterly gains, led by a climb of 10.16% for the S&P 500, aided by optimism over artificial intelligence (AI) related stocks and expectations the U.S. Federal Reserve will begin to cut interest rates this year.

Nirav Sheth, CEO-Institutional Equities, Emkay Global Financial Services, says: “We are in a very fortunate situation in terms of the earnings trajectory. My earnings have almost doubled in the last three years and I am talking about the largecap sector. The macros are solid in terms of the outlook on the current account deficit, rupee, interest rates, earnings. And when you have got all the cylinders firing, you generally do not expect valuations to come cheap. You will have to take some level of risk. So sitting where I am today in terms of what we can see, I would go out and say that India could end up in bubble territory in the next three, four, five years in the emerging market universe. At the start of March, there was talk in the market that seasonally March turns out to be volatile because of a lot of adjustment happening in advance tax numbers, then a lot of leverage guys do reshuffling and usually it is a bit volatile. But the big factor that came out is that in net-net, people made a lot of gains this fiscal. This is the eighth year in a row that we are seeing positive returns from the market. Do you see the construct of the market being easy in the new fiscal year or should investors’ return expectations be moderated this year? Nirav Sheth: To answer your first question, I am very constructive on the economy; maybe constructive is not the right word. I am terribly bullish on the trajectory of the economy for the next several years, as we can see today.

stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities. The S&P 500 has climbed more than 10% so far this year to post its biggest first-quarter gain since 2019. The benchmark index in late January hit its first record high in two years, as it built on a surge in late 2023, and has not looked back, setting more than a dozen highs without a significant pullback so far in 2024.

Federal Reserve's commentary and the course of the dollar may dominate global market discussions, but a set of India-focused investors are moving their rupee trading calls to the Chinese yuan from the greenback, with Mint Road seen smoothening swings in exchange rates involving New Delhi's second-largest trade partner. «I have also noticed that since the beginning of the year, there has been a lot of interest in buying Indian rupees, not against the US dollar but against some of the other Asian currencies, especially the RMB (Chinese currency),» said Patrick Law, Head of Asia Pacific Fixed Income, Currencies, and Commodities Trading, Bank of America.

Francis Scott Key Bridge in Maryland collapsed, Governor Wes Moore emphasised that the rebuilding of the bridge would not take days or weeks, adding that «we have a very long road ahead of us.» The Singapore-flagged vessel collided with one of the pillars of the Francis Scott Key Bridge in Maryland, leading to its collapse on Tuesday.

Ishaq Dar raised more than a few eyebrows last week when he said — almost as an aside — that his country’s new government would “seriously look into matters of trade with India”. A resumption of trade would be something of a climbdown for Pakistan, which cut off economic ties when Indian Prime Minister Narendra Modi unilaterally withdrew Kashmir’s special constitutional status in 2019. Until now, Pakistani leaders have insisted they wouldn’t restore relations until the decision was reversed. Dar’s statement should not come as a complete surprise. His party, the Pakistan Muslim League-N, has a very particular class basis: It’s an alliance between the semi-urban petty bourgeoisie and large industrialists such as its leader, former Prime Minister Nawaz Sharif. These constituencies have always seen the benefits — for themselves and for Pakistan — of normalizing trade ties with a large and growing India. Those gains are potentially substantial, especially for a country as desperate for hard currency as Pakistan is today. The World Bank estimated in 2018 that Pakistan’s exports could increase by as much as 80% — about $25 billion at that point — if trade with India reached its potential.

₹70,000 crore in FY25. India's textile exports slid 4.2% to $30.96 billion during April-February, data from the commerce ministry showed. The slowdown in major economies such as the European Union (EU), the US, and West Asian nations is believed to be the primary cause of this decline.

China says it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries