Strategy Financial News

Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) opted to maintain the repo rate at 6.5 per cent, extending a streak of five consecutive meetings with no changes. This decision, as anticipated by analysts, underscores the MPC’s prudent strategy of carefully managing inflationary concerns while concurrently fostering economic growth.

By Rae Wee

Fundamental investing is always deemed preferable and fruitful over a long-term but short-term trading, especially for seasoned traders with a knack of technical knowledge, could also be a money minting exercise. All one needs is to be agile and understand market psychology.

WSJ’s Personal Finance team presents a series on how to fix your financial life in 2024. First up: taking on lifestyle creep. Anyone trying to figure out why they are scraping by at the end of the year could safely pin part of the blame on inflation. Higher prices have made it easier than ever to miss that other sneaky cause of overspending: lifestyle creep.

Such traders could be better off taking advisory services from Sebi-registered analysts with proven history. The curated discovery platform GapUp could be the best place to log in. Rigi's GapUp hosts dozens of market gurus at its unique platform for inexperienced traders to avail services from.

COVID-19 sub-variant JN.1, the number of infections of the new variant reported in the country have risen to 69, official sources said on Tuesday. Most of these patients are currently in home isolation and there was no increase in hospitalisation rates, they said.

Adding to the problem is the fact that there are not many awareness programmes, like in the case of mutual funds all these years, to guide traders. All one has are dubious tips on various social media platforms that every now and then stock exchanges caution traders against.

Indian economy grapples with the persistent challenge of inflation, the Reserve Bank of India (RBI) and the Monetary Policy Committee (MPC) have orchestrated a series of strategic measures throughout the 2023 calendar year. These actions, spanning policy changes and interest rate adjustments, reflect a proactive approach to maintaining economic stability while fostering sustainable growth.

In 2023, stock markets scaled new all-time highs. In this calendar year, while the Nifty 50 Index has done well, the mid-caps andsmall-caps have done exceedingly well. At the start of the year, if you had invested in equities and fixed income in a specified ratio, your current portfolio would be skewed in favour of equities due to their outperformance. 

Catch Live Market Updates here Analysts expect the market to remain range bound with stock specific action this week ahead of the year end. However, the underlying tone of the market remains positive on rising bets on the US Federal Reserve to cut interest rates early next. The Indian stock market indices ended higher on Friday tracking positive cues from global peers.

Catch Live Market Updates here On Friday, the domestic equity indices ended higher tracking positive cues from global peers. The Sensex surged 241.86 points to close at 71,106.96, while the Nifty 50 settled 94.35 points, or 0.44%, higher at 21,349.40. On a weekly basis, Nifty 50 closed 0.5% lower after making a large high-low candle.

The yen meanwhile steadied near its recent five-month peak on the prospect that the Bank of Japan (BOJ) could soon mark an end to its ultra-easy policy. For most of 2022 and 2023, the policy has kept the Japanese currency under pressure as other major central banks globally embarked on aggressive rate-hike cycles. Currency moves were largely muted in the day after Christmas, with markets in Australia, New Zealand and Hong Kong still out for the Boxing Day public holiday. Against the greenback, the euro slipped 0.06% to $1.1019, but was not too far from a more than four-month top of $1.1040 hit last week. Sterling was little changed at $1.2701, while the Australian and New Zealand dollars were huddled near their recent five-month peaks. The dollar index languished near a five-month low of 101.42 hit last week, and was last at 101.65. Data released on Friday showed U.S.

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technology company Amagi Media Labs, which was last valued at $1.4 billion, is hoping to become profitable in the first half of 2024, the company's cofounder said. «We are just about a couple of months away from becoming profitable. We hope to become profitable in the first half of 2024,» Amagi Media Labs cofounder & CEO Baskar Subramanian told ET. Amagi's growth rate has tapered as its revenue base has broadened, with annual recurring revenue (ARR) topping $100 million amidst global movement among broadcasters to shift from hardware to cloud-based distribution. «We've been growing almost 100% a year over the last 3-4 years.

Dharavi, spread over 600 acres of prime land in the heart of the country's commercial capital, Mumbai has intensified the discussion surrounding Transferable Development Rights (TDRs). The concept of TDRs originated in New York City in the early 1960s. While it has been utilized worldwide since then, it has garnered increased attention, particularly in major Indian cities over the past few decades.

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NEW DELHI : GMR group expects the debt cost for its airports to decline, ensuring significant inflow from passive funds, as well as foreign fund managers following the merger of GMR Airports Ltd with group holding company GMR Airports Infrastructure Ltd, Saurabh Chawla, executive director, finance and strategy at GMR Airports Infrastructure, told Mint. The merger is expected to be concluded around March, but the procedures indicate that the company may complete the merger by February, he added. “With the completion of the merger, the market capitalization of the listed entity GMR Airports Infrastructure Ltd will double and that will bring us several benefits.

Japanese home projector app designed by Aladdin X, has become a sensational viral hit, capturing the hearts of gaming enthusiasts. The game's simple yet addictive mechanics propelled it to the top of Nintendo Switch downloads, creating a cultural buzz and unexpected success. Here's a closer look at the story behind Suika Game's meteoric rise.

Life Insurance Corporation of India, as a publicly listed entity, recently disclosed that the Department of Economic Affairs has granted it a one-time exemption allowing it to reach the 25% MPS mark within 10 years from the listing date, extending until May 2032. This is where potential conflict of interest arises for the government. As the overseeing authority, it appoints the securities markets regulator and also acts as the promoter/majority shareholder for its entities entering the public domain.

crude oil purchased from the UAE is helping the world's third largest energy consumer push for taking the local currency global, as it looks for similar deals with other suppliers, officials said, adding internationalisation is a process and there are no targets. With the nation more than 85 per cent dependent on imports for meeting its oil needs, India has been pursuing a three-pronged strategy of buying from the cheapest available source, diversifying sources of supply and not breaching any international obligation like the price cap in case of Russian oil. While the strategy helped save billions of dollars, when it ramped up imports of Russian oil that was shunned by some in West post Ukraine war, it is looking to settle trade in rupees instead of dollars in a bid to cut transaction costs by eliminating dollar conversions. India in July signed an agreement with the UAE for rupee settlement and soon after Indian Oil Corporation (IOC) made payments for purchase of a million barrels of crude oil from Abu Dhabi National Oil Company (ADNOC) in Indian rupees. Some of the Russian oil imports too have been settled in rupee. Officials said the default payment currency for import of crude oil has been the US dollar for several decades and the currency traditionally has liquidity as well as lower hedging cost. But to boost the rupee's role in cross-border payments, the Reserve Bank of India allowed more than a dozen banks to settle trades in rupees with 18 countries since last year. Since then, India has been encouraging big oil exporters such as the UAE and Saudi Arabia to accept the Indian currency for trade settlements, officials said, adding the first success happened in August this year when IOC made the rupee