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Investing.com-- Most Asian stocks kept to a tight range on Wednesday as caution before key economic readings from China offset growing optimism over an early pivot by the Federal Reserve. 

Investing.com-- Most Asian currencies rose on Wednesday as less hawkish signals from Federal Reserve officials ramped up hopes for an early interest rate cut in 2024, which put the dollar near four-month lows. 

Launch of a new beer is expected to help United Breweries share price rise 20%, said Nuvama Institutional Equities. Heineken Silver Draught Beer will be launched exclusively in premium bars and pubs across Mumbai, Thane, and Pune in Maharashtra, with plans to expand to Karnataka in the fiscal year 2024. “This launch is a meaningful expansion of United Breweries’ portfolio and shows its intent to focus on innovation," said Nuvama nstitutional Equities.

“Investing is akin to a game of cricket, where strategy and endurance are key. In this analogy, building a portfolio is like forming a cricket team,” Sonam Srivastava, smallcase manager and Founder, Wright Research. In an interview with ETMarkets, Srivastava said: “You need steady players like Virat Kohli, representing reliable, consistent investments such as blue-chip stocks or stable sectors. They are the backbone of your portfolio, ensuring steady growth and resilience during market fluctuations,” Edited excerpts: Samvat 2080 started on a positive note as the market picked up momentum. Where are markets headed? The commencement of Samvat 2080 on a positive note is indicative of a bullish sentiment in the Indian stock market. This optimism is rooted in several factors, including the expectations of FED rate cut and return of liquidity, progressive policy reforms by the government, and the resilience of major sectors like IT and healthcare. There is a definite resurgence of positive sentiments in the market.

Michael Douglas said after receiving the Satyajit Ray Lifetime Achievement Award at the closing ceremony of the International Film Festival of India (IFFI) here on Tuesday. The 10-day film gala concluded with 'Endless Borders' from Germany winning the coveted Golden Peacock Award for the best film, while Deepak Kumar Mishra-directed Prime Video show «Panchayat» season two bagged the best OTT series award, which was introduced for the first time. Goa chief minister Dr Pramod Sawant felicitated Douglas with the Satyajit Ray Lifetime Achievement Award at the ceremony.

net asset value (NAV) at the end of each working day. This is displayed on the fund house’s website, AMFI website and investment websites or apps. We take a look at its significance in a mutual fund scheme.

Gold prices touched a nearly seven-month high on Wednesday propelled by an extended decline in the U.S. dollar and bond yields as markets grew confident that the Federal Reserve would likely cut rates by the first half of next year. FUNDAMENTALS * Spot gold rose 0.3% to $2,047.21 per ounce by 0236 GMT. * U.S.

Los Angeles — Production of 'The Late Show with Stephen Colbert' was cancelled this week as the top-rated U.S. late-night television host recovers from surgery for a ruptured appendix, the CBS program announced on Monday. The news came in a brief statement posted on the show's official feed on the social media platform Threads, presented as a message from Colbert himself in his signature tongue-in-cheek style, jokingly hinting at Thanksgiving over-indulgence. «Sorry to say that I have to cancel our shows this week.

Read here)India Shelter Finance, pencil maker DOMS Industries and lender Jana Small Finance Bank, have received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs).Vadodara-based Shiva Pharmachem and FMCG firm Onest Ltd. have also secured approvals to float public issues, according to information available on the Sebi website.TCS, Zomato, Aster DM Heathcare, PCBL, Ireda, Tata Power, BHEL, among other stocks, will be in focus today.On Tuesday, the Adani Group of stocks showed its biggest increase in market capitalization of over a trillion rupees for the first time since the Hindenburg report surfaced, days after the Supreme Court reserved its judgement on a bunch of public interest litigations pleading for a court-monitored investigation into allegations of corporate malfeasance and manipulation against the ports to renewables conglomerate.The market, which was closed for the Guru Nanak Jayanti holiday on Monday, reacted to the conclusion of the SC hearing on Friday as investors interpreted some of the SC’s observations as its having confidence in Sebi’s investigation pertaining to the Hindenburg report that was released on 24 January.

Shein has a lot of work to do to convince skeptics that the runway is clear for it to launch an initial public offering next year. The Singapore-headquartered company filed confidentially for a listing in New York, a person familiar with the matter has said, weeks after Bloomberg News reported that it could seek a valuation of as much as $90 billion in a first-time share sale.

Bill Ackman is betting the United States Federal Reserve will begin cutting interest rates sooner than markets are predicting. The Pershing Square Capital Management founder said such a move could happen as soon as the first quarter. Traders are fully pricing in a rate cut in June, with the chance of a cut happening in May priced at about 80%, according to swaps market data.

SenseTime, a major Chinese artificial intelligence company known for its facial recognition technology, has rejected claims by a research company that it has inflated its revenue

American consumers are feeling slightly more confident this month as the all-important holiday shopping season kicks into high gear

Israel released more hostages and prisoners under terms of a fragile cease-fire that held for a fifth day Tuesday as international mediators in Qatar worked to extend the truce and the United States urged Israel to better protect Palestinian civilians in Gaza if it follows through on its promise to resume the war. In the latest swap since the cease-fire began Friday, Israel said 10 of its citizens and two Thai nationals were freed by Hamas and had been returned to Israel.

central bank suggested that more rate hikes could be in the offing. The kiwi jumped more than 1% to hit a four-month peak of $0.6203 after the Reserve Bank of New Zealand (RBNZ) kept interest rates steady, as expected, but revised its official cash rate (OCR) track higher for 2024 and 2025, pointing to further tightening ahead. «Whilst the RBNZ were expected to hold, their statement struck a hawkish tone by stating that inflation remains too high,» said Matt Simpson, senior market analyst at City Index. The Australian dollar similarly scaled a four-month top of $0.6670, unfazed by domestic data showing inflation eased by more than expected in October as goods prices fell, while core inflation also edged down. The Antipodean currencies got a lift from a falling greenback, which tumbled to an over three-month low against a basket of currencies as bets grow that the U.S. Federal Reserve could begin cutting rates early next year. Fed Governor Christopher Waller — a known hawkish and influential voice at the central bank — on Tuesday flagged a possible rate cut in the months ahead, feeding market expectations that U.S.

By Rae Wee

funds sloshing about within the financial system during the Covid pandemic, top-rated companies are now paying more to raise money through bond markets, with the pricing of issues by even the likes of Reliance Industries reflecting the divergence between sovereign and corporate debt. Over the past year-and-a-half, as the Reserve Bank of India has raised interest rates and progressively drained the banking system of excess liquidity, the spreads between government bond (Gsec) yields and AAA-rated corporate bond yields have shot up. The rate of interest that companies pay to investors to raise money through bonds is determined by yields on Gsecs. A higher spread implies a rise in borrowing costs for companies vis-a-vis what the government pays to raise funds. While the spreads for 5-year and 10-year AAA corporate bonds are still lower than the historical average of 43 basis points and 50 basis points, respectively, the gap has increased significantly from just 1 bps and 6 bps at the end of April 2022, data provided to ET by CRISIL Market Intelligence and Analytics showed.

Amazon Seller Services, the marketplace arm of Amazon India, has recorded a 33% increase in its net loss for the year ended March 2023 to Rs 4,854 crore from Rs 3,649 crore in the previous fiscal. The company’s expenses jumped by almost 8% to Rs 27,283 crore while revenue from operations grew only 3.42% to Rs 22,198 crore, its regulatory filing showed.

capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. These investors have asked the company to file its audited financials for the year ended March 31, 2023, at the earliest. In addition, they want founder Byju Raveendran to loosen his day-to-day control over operations at the firm, the sources added.

Peer-to-peer lending, which has mostly remained confined to the margins of the financial services sector, has reported strong growth in the last financial year. According to their regulatory filings, a bunch of P2P lending companies more than doubled their revenue in fiscal 2023 from the previous year. According to industry insiders, P2P lenders finally seem to have found a steady business model through partnerships with large consumer-facing applications.

ecommerce ecosystem is estimated to have posted about 23% increase in sales over the Black Friday weekend compared to last year’s Black Friday weekend with fashion and beauty products ‘dominating’ sales, according to ecommerce enablement platform Unicommerce. Websites run by individual brands saw order volumes rising by 28% during the weekend while marketplaces saw their order volumes expand 19%, Unicommerce data showed. “While during the Diwali festive sales, marketplace growth outpaced D2C (direct-to-consumer) brands, the trend was reversed during the Black Friday weekend,” it said in a statement.