Economy Financial News

Suzlon Energy shares are currently trading at a 26% discount from their 52-week high of ₹50.6 per share, while Inox Wind shares are trading 30% lower than their one-year high of ₹648 per share. Recognising this correction in the stocks as a favorable buying opportunity, domestic brokerage firm ICICI Securities has upgraded its rating on these two stocks.

KIKUYO, Japan—It was a signature feat for the country that made industrial policy famous. In less than two years, an $8.6 billion semiconductor factory on a plot the size of 40 football fields sprang up amid the cabbage fields here. The Japanese government, eager to boost the country’s standing as a chip-making hub, provided more than $3 billion in subsidies for Taiwan Semiconductor Manufacturing and helped round up thousands of workers to construct the buildings.

Also Read: SBI vs Bank of Baroda green fixed deposits: Check tenure, interest rate, and other details here The Amrit Kalash deposit scheme is a specific tenor FD offered with a tenure of 400 days. The interest rate offered on this FD is 7.10% p.a. (as of 13th March 2024).

JAKARTA (Reuters) — Indonesia's February trade surplus is expected to have widened slightly from the previous month as exports likely contracted at a slower pace, while imports rose ahead of the Muslim fasting month of Ramadan, a Reuters poll showed on Thursday.

A look at the day ahead in European and global markets from Rae Wee

silver in Delhi is Rs.75100.0 per kg, a decrease of Rs.1100.0 per kg. Gold and Silver prices in major cities are as follows: Chennai - Gold: Rs.66446.0/10g, Silver: Rs.78400.0/1kg.

Shyam Prakash Jain, Ajmer, Rajasthan Before we understand what are manufacturing mutual funds we should first understand what are sectoral mutual funds. Sectoral mutual funds are a type of equity mutual fund that invests in a specific sector or industry of the economy, such as banking, technology, pharma, energy, etc. These funds aim to capitalise on the growth potential and opportunities of a particular sector by investing in the stocks of the companies belonging to that sector.

“While the Nifty has hit its fair value zone on a fundamental basis, behavioral indicators indicate a bullish sentiment, suggesting further potential for market rallies,” says Nimesh Chandan, CIO, Bajaj Finserv AMC. In an interview with ETMarkets, Chandan who has over 22 years of experience in capital markets said: “Rather than narrowing the selection to one ratio (dividend yield), one can focus on companies trading below their intrinsic value. One finds many of the quality compounders in this category,” Edited excerpts: We have hit record highs in March – what do you see markets headed? Nimesh Chandan: India is outperforming both emerging and developed markets in economic growth, macro stability, earnings growth, and political stability. The Nifty earnings have reached record levels, fueling a bullish market trend.

Gold prices traded flat in early Asian trade hours on Thursday, within close range of record-high levels on a broadly weaker dollar, as traders awaited more economic data that could steer hopes for a mid-year rate cut by the U.S. Federal Reserve. FUNDAMENTALS

By Brigid Riley

Investing.com-- U.S. stock futures rose slightly in evening deals on Wednesday following a mixed session on Wall Street, with focus turning squarely to more upcoming data on inflation and the U.S. consumer.

Argentina’s inflation slowed down for a second consecutive month in February, as right-wing President Javier Milei continues to push austerity and deregulation measures in an effort to revive the country’s struggling economy

Pennsylvania Gov. Josh Shapiro is unveiling a plan to fight climate change

Some investors in a troubled Chinese trust fund are facing financial ruin under a government plan to return a fraction of their money back

By Jason Clemens, Grady Munro and Milagros Palacios

The number of Canadians worried about defaulting on a mortgage or major loan payment rose in February, according to a long-running survey that tracks people’s financial outlooks.

Last week, 92 prominent senior executives, investment managers and individual investors signed an open letter to the federal and provincial ministers of finance expressing concern with “the decline in Canadian investments by pension funds and its impact on the Canadian economy.” Aggregate public and private Canadian equity investments are down to about a tenth of the total of more than $3 trillion in total pension assets.

Treasury Secretary Janet Yellen weighs in on the state of the economy in a FOX Business exclusive interview.

By Mike Dolan

Reserve Bank of India's liquidity stance has not convinced several experts, including even a member of the Monetary Policy Committee. What is it that the RBI is doing with liquidity, and why is it affecting the market. ET explains: What is the RBI’s approach towards liquidity management? The central bank follows a “corridor” liquidity management system – with a ceiling and a floor rate – where the repo rate--the rate at which the RBI injects liquidity--is the policy rate which acts as the ceiling for the corridor, while the reverse repo rate works as the floor of the corridor. The ideal situation is one where call rates move within this corridor which the central bank ensures through its liquidity adjustment facility (LAF). The operating framework of monetary policy aims at aligning the weighted average call rate (WACR) with the policy repo rate through proactive liquidity management to facilitate transmission of repo rate changes through the entire financial system. How does this work? Banks try to borrow their shortfall of reserves from the inter-bank market. If reserve requirements like cash reserve ratio and statutory liquidity ratio cannot be met in the inter-bank market, then banks borrow funds from the RBI under LAF. If banks are net borrowers under LAF, the system liquidity can be said to be in deficit. Conversely, if banks deposit more than the reserve requirement, then it becomes a net lender to RBI, and the system liquidity can be said to be in surplus.

Payne Capital Management President Ryan Payne weighs in on the U.S. economy, arguing that purchasing power will continue to ‘strengthen’ for the American people.