Show Financial News

(This Sept. 18 story has been corrected to say inflation has stayed within the target range, not below, in paragraph 2 and BI was expected to keep rates up over 1.0%, not down 1.3%, in paragraph 3)

Bharatiya Janata Party's victory in the upcoming Assembly election in Madhya Pradesh, Uttarakhand chief minister Pushkar Singh Dhami while addressing a rally in Bina said, the way people are coming out in large number to attend "Jan Ashirwad Yatra" shows the strength of the saffron party in the state. «The way the people are showering their love and blessings, I have full confidence that the public will make the BJP win again with a huge majority in Madhya Pradesh,» Dhami said. «I was under the impression that the 'Yatra' (Jan Ashirwad Yatra) will be welcomed at a limited number of places but the way 'Yatra' has been welcomed from wherever it has passed represents the fast-paced development over here» said Dhami addressing the people. Dhami also appealed to the people to vote for BJP and make it victorious again. Dhami further mentioned that under the leadership of Chief Minister Shivraj Singh Chauhan, the Madhya Pradesh government has taken many public-friendly decisions and at present the state is progressing at a rapid pace under the double-engine government of BJP. Earlier, on Thursday, Prime Minister Narendra Modi laid the Foundation Stone for Rs 49,000 Crore Petrochemicals project at BPCL's Bina Refinery in Madhya Pradesh.

Signature Global IPO: The initial public offering (IPO) of Signature Global Limited has opened today and the public issue will remain open for bidding till 22nd September 2023. The company has fixed Signature Global IPO price band at ₹366 to ₹38366 to ₹385.5 per equity share and it aims to raise ₹730 crore from this public offer. Out of these ₹730 crores, ₹603 crore is aimed from fresh issues whereas the rest ₹127 crore is fixed for OFS route (offer for sale).

London | Crispin Odey urged a woman he groped at the headquarters of his hedge fund to downplay the incident to the financial watchdog while it considered whether he should retain his regulatory approval as a “fit and proper person”.

BEIJING (Reuters) — China's exports of germanium and gallium products in August plunged to zero，customs data showed on Wednesday, due to new export controls on the two chipmaking metals.

Investing.com-- Most Asian currencies moved little on Wednesday, while the dollar steadied near six-month highs as markets hunkered down before an interest rate decision from the Federal Reserve due later in the day.

MotoGP on Sunday as the premier motorcycling championship looks to tap a potentially lucrative new fan base and succeed on a track where Formula One stalled. Two-wheelers are India's most popular means of petrol-powered transport with more than half of all households owning at least one motorbike or scooter, compared to just eight percent with cars. Sales figures show an increasing appetite for high-end, high-octane motorbikes, and organisers are banking on the trend to fuel interest in the sport in the world's most populous country. «We have more than a million bikes in the 250cc-plus category selling every year in India, which means more than a million people are buying bikes for more than just transportation,» Vaibhav Sinha, chief executive of Indian MotoGP promoters Fairstreet Sports, told AFP. «They are using it for thrills, adventure, sports and leisure riding,» he added. «We intend to tap this potential to make biking a very big sport in our country.» But the lead-up to the race has seen concerns raised about the safety of the Buddh International Circuit, with particular fears about walls that are too close to the asphalt. «In India all the riders together are going to walk the track before we get on the bike to understand the situation,» Spanish rider Aleix Espargaro was reported as saying. Some MotoGP personnel and riders also had problems getting visas for India, but organisers on Tuesday blamed a technical glitch and said it was on the way to being resolved. Fairstreet Sports signed a seven-year deal with MotoGP's commercial rights holder Dorna Sports to hold a race in India, which has the world's fifth-biggest economy. India is a critical market for the growth of MotoGP, Dorna's chief sporting officer Carlos

Indian Hotels Company Ltd. traded 0.84 per cent up in Wednesday's trade at 10:10AM (IST).

Ipca Laboratories with a target price of Rs 970. The current market price of Ipca Laboratories is Rs 923.05.

With interest rates nearing a peak in the hike cycle, and bond prices at attractive valuations, accrual and duration strategy-based funds are likely to see incremental inflows, according to 360 ONE Asset. “Accrual and duration strategy-based funds both are likely to have better incremental inflows due to historically high yields, leading to attractive entry points across tenures due to a flatter yield curve,” says Milan Mody, fund manager — fixed income, 360 ONE Asset. Edited excerpts from an interview with ETMarkets:After the latest CPI inflation print in the US, there are growing expectations that the Fed will remain on pause mode. Do you also think so?Our perspective is that the Fed’s rate hike cycle has concluded and is likely to remain on hold with a range of 5.25-5.50%. Currently, the Fed futures are indicating a pause until May’24 and rate cuts post that.

London Fashion Week, which wrapped up on Tuesday.

A federal appeals court in Manhattan seems unreceptive to arguments that FTX founder Sam Bankman-Fried should be released before his trial starts in two weeks

Investing.com-- The People’s Bank of China held its benchmark loan prime rates at record lows on Wednesday, as it moved to strike a balance between supporting an economic recovery and stemming further weakness in the yuan. 

Investing.com-- Most Asian stocks fell on Wednesday with markets remaining broadly risk-off before a closely-watched interest rate decision from the Federal Reserve later in the day, while weak economic readings from Japan also weighed.

By Yuka Obayashi and Emily Chow

Investing.com-- Oil prices fell slightly in Asian trade on Wednesday as markets digested signs of a large drawdown in U.S. crude inventories, while anticipation of a Federal Reserve interest rate decision kept sentiment subdued. 

Sensex ending a 11-session winning streak, as investors remained cautious ahead of the US Federal Reserve's interest rate decision Stocks that were in focus included names like HAL, which rose 0.99%, Indian Overseas Bank, which gained 14.30%, and Raymond, whose shares declined 4.94% on Monday. Here's what Avdhut Bagkar, Derivatives & Technical Research at StoxBox, recommends investors should do with these stocks when the market resumes trading today.HAL — BuyShares of Hindustan Aeronautics are robustly trading near the all-time high of Rs 4.170, without any noteworthy signs of weakness. The support of a 50-Simple Moving Average (SMA) placed at Rs 3,877 continues to board the bulls, with sustainability over Rs 4,200 could result in fresh upward rallies. A breakout over Rs 4,200 would see the price action heading towards Rs 4,500 to Rs 4,700 levels.

surging oil prices drive inflation and set the scene for the Federal Reserve to project interest rates staying higher for longer. Brent crude futures eased from 10-month highs overnight but at $94.26 a barrel are up 30% in three months thanks to Saudi Arabia and Russia vowing to extend output cuts. Higher energy costs led to a bigger-than-expected spike in Canadian inflation, overnight data showed, lifting the loonie and triggering selling in the Treasury market. Benchmark 10-year Treasury yields hit their highest since 2007 at 4.371% overnight and were last at 4.36%. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2%, as did Japan's Nikkei. Overnight on Wall Street the S&P 500 also slipped 0.2%. Futures pricing implies almost no chance of a Fed hike at 1800 GMT, but traders, who have begun winding back bets on cuts in 2024 and will be closely focused on the U.S.

Gold prices fell on Wednesday after hitting a two-week highs in the last session, as traders await the U.S. Federal Reserve's policy decision for an updated outlook on the economy and monetary tightening path. FUNDAMENTALS * Spot gold eased 0.1% to $1,928.79 per ounce by 0111 GMT, after hitting its highest since Sept.

Justin Trudeau's allegation of Indian involvement in the killing of a Sikh separatist leader on its soil Congress leader and MP Gaurav Gogoi said that «Canadian politics has turned a bizarre turn» in last couple of years. Gogoi was reacting to a social media post of Jagmeet Singh, Leader of Canada's New Democratic Party. Gogoi further said that pandering to local voters can cause harm to the strategic interests of Canada on the global stage. «Canadian politics has turned a bizarre turn in the past few years.

India and Canada over the killing of Khalistani terrorist Hardeep Singh Nijjar. Speaking to ANI, MS Bittar, Chairman of the All-India Anti-Terrorist Front said in present-day India, which is more assertive and aspirational, such attempts by a handful of people to tarnish the community at the behest of neighboring Pakistan, will not be tolerated. "We will not tolerate if someone tries to peddle an agenda to break or splinter India.