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inflation and growth forecast of 4.5 per cent and 7 per cent each for FY25, India's policymakers are inferring that the economy is in a 'Goldilocks scenario'. However, economists say they must err on the side of caution. The six members of the Reserve Bank of India’s Monetary Policy Committee (MPC) broadly agreed that while there is a need to be vigilant, there is some comfort in retail inflation in India. At the same time, they also agreed that the Indian economy is currently showing resilience on the growth front, according to the minutes of the latest policy meeting.

(This Feb. 21 story has been corrected to fix the gender of the analyst in paragraph 2)

Investing.com-- Most Asian currencies fell on Friday, while the dollar steadied from recent losses as hawkish signals from the Federal Reserve and strong U.S. labor data cast more doubts over early U.S. rate cuts.

By Gerry Doyle

Nvidia added $277 billion in stock market value on Thursday, Wall Street's largest one-day gain in history after the heavyweight chipmaker's quarterly report beat expectations and reignited a rally fueled by optimism about artificial intelligence. The company's stock soared 16.4% to close at $785.38, a record-high close, lifting its market capitalization to $1.96 trillion after its January-quarter report late on Wednesday showed demand for its specialized chips used in AI computing continued to outpace analysts' already-high expectations.

yen sagged to fresh lows on the euro, sterling and other crosses this week and headed for a fourth weekly drop on the dollar as investors chased better yields just about everywhere but Japan, wagering rates there would stay near zero for some time. The yen is the worst-performing G10 currency this year, with a 6.4% slide on the dollar. The greenback is the best performing.

Ukraine's Black Sea port of Odessa, killing one person, with others possibly still trapped under rubble, the Ukrainian military said on Friday. The military's Southern Forces, in a post on the Telegram messaging app, said it had intercepted nine drones, but one of them struck an area near the port and triggered a fire. Firefighters recovered one body and said other residents might still be under the rubble as emergency teams worked to bring the blaze under control. A female security guard was rescued unharmed from a building, the post said.

Oil prices fell on Friday after a U.S. Fed official said interest rate cuts should be delayed at least two more months. Brent crude futures were down 25 cents, or 0.3%, at $83.42 a barrel at 0212 GMT, while U.S. West Texas Intermediate crude futures were 25 cents, or 0.3%, lower at $78.36.

stocks rose on Friday and put global markets on course for a week of heady gains as AI darling Nvidia's stunning results sparked a wave of record highs from Asia to Europe and the U.S., while the yen nursed losses on a range of currencies. Nvidia surged 15%, adding a record $250 billion in market value on Thursday. The Santa Clara, California-based company's results supercharged a global AI-led rally in technology stocks, propelling the S&P 500, the Dow Jones Industrials, Europe's STOXX 600 and Japan's Nikkei share average to record highs.

investors and family offices are pouring money into mutual funds' arbitrage schemes as better tax efficiency, higher returns than short-term debt funds, and no credit risk are boosting their popularity. Investors are increasingly using this category to park idle money typically for their short-term needs which have historically gone into liquid and money market funds — debt schemes that bet on high-quality short-term bonds. Data from Franklin Templeton show arbitrage schemes, whose assets under management have reached an all-time high of ₹1.64 lakh crore, saw the highest inflows across fund categories in the last 12 months to the tune of ₹67,500 crore. Arbitrage funds aim to benefit from the price anomalies between a stock and its futures contracts by simultaneously buying and selling both of them. The strategy is considered low-risk because it does not bet on the direction of the market.

(Reuters) — U.S. Federal Reserve policymakers should delay interest rate cuts by at least another couple more months to see if a recent uptick in inflation signals stalling progress toward price stability or is just a bump in the road, Fed Governor Christopher Waller said on Thursday.

The overall fees charged to 401(k) plans are well-documented – but information about how much goes to advisors isn’t widely available.

savings account (CASA) deposits — can no longer be taken for granted with the average urban saver increasingly tilting in favour of higher-yielding Dalal Street instruments, such as mutual fund plans and direct stock ownership. And the already visible struggle for deposits could intensify further for the industry with the biggest index weighting — and overseas ownership — as democratisation of technology and familiarity help lift the veil on the hitherto opaque and esoteric world of D-Street for the average rural saver, fundamentally altering the dynamics in the handling of financial savings to the detriment of high-street banks.

«The move shows that bulls are in control thus participants should continue with a “buy on dips” approach until Nifty decisively breaks the 21,800 level. At the same time, we are seeing a mixed trend within the sectors so participants should maintain extra caution in stock selection and prefer counters with higher relative strength,» Ajit Mishra, SVP — Technical Research, Religare Broking

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Ace Men Engineering Works announced their Q3 FY24 results on 20 Feb, 2024. The company experienced a significant decline in revenue, with a decrease of 100% year-over-year.

ABB India announced their Q4 CY23 results on 20 Feb, 2024, with a topline growth of 13.62% and a profit increase of 10.92% year-over-year. However, compared to the previous quarter, the revenue saw a slight decline of 0.42% and the profit decreased by 6.67%.

The Boys Season 4 has got a release date update which is on June 13, 2024. The announcement has arrived with the latest poster which featured Homelander played by Anthony Starr besides Victoria Neuman portrayed by Claudia Doumit. In the case of Season 4 performing like the earlier ones, Prime Video will be having a greatly successful year with the announcement of the show, which has an entirely new sequel set in Mexico. The major sardonicism is that The Boys is taking amusement in how the genre of the superhero has become a product that is always expanding with the universe fundamentally doing the same including the 2D animated content.

MILAN — If there is one theme emerging at Milan Fashion Week, it is cocooning, hunkering down, enveloping one’s self in comfort clothing.

Don’t call them nostalgic

Google said Thursday it’s temporarily stopping its Gemini artificial intelligence chatbot from generating images of people a day after apologizing for “inaccuracies” in historical depictions that it was creating