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«I think it is an interesting trend, as you rightly put it, whenever the interest rates go up to significantly higher level, generally the assumption that all of us make is the cost of capital for companies will rise, therefore it will have an impact on the expansion and for the future growth and therefore the market generally tends to correct,» says A Balasubramanian, MD & CEO, ABSL AMC.So far so good, no one is complaining, I just want to bring your attention to what is happening in the world in terms of the global macro positioning, bond yields are at 15 year high, crude is on a boil again, US economy is doing well, dollar index is rising. When these factors come together, markets historically has gone down but so far both global markets and local markets have resisted the fall.I think it is an interesting trend, as you rightly put it, whenever the interest rates go up to significantly higher level, generally the assumption that all of us make is the cost of capital for companies will rise, therefore it will have an impact on the expansion and for the future growth and therefore the market generally tends to correct.

cash holdings on bets the central bank will raise borrowing costs further, helping it deploy funds at higher yields.SBI Funds Management Pvt. has been trimming the duration of its portfolio since May and wants to keep the cash handy for better investment opportunities as a sudden spike in inflation sparks debate on odds of more rate hikes.

BRICS Summit: Prime Minister Narendra Modi will leave for South Africa on Tuesday to participate in the 15th BRICS summit, a grouping of the world economies of Brazil, Russia, India, China, and South Africa. The summit will take place from August 22 to August 24.

Prime Minister Narendra Modi will leave for South Africa on Tuesday to participate in the 15th BRICS summit. It is a grouping of the world economies of Brazil, Russia, India, China, and South Africa. The BRICS summit will be held from August 22-24.

KPMG’s boss has told his troops it was regrettable the consulting giant improperly shared sensitive Defence information, and called on them to “deliver high quality work and value for money” as he rejected overcharging allegations.

Jio Financial Services fell 5% on debut Monday amid expectations of a flood of sale orders from passive funds which can't hold the shares anymore. But the company is confident of making strides in lending business with the best of technology. The shares which listed earlier than anticipated fell to ₹251.75 on the BSE, giving it a market value of ₹1.6 lakh crore, after opening trade at ₹265 apiece.

An SEC case against a Massachusetts advisor has big implications for the regulator’s oversight of insurance products, a law firm cautioned in a brief filed Monday with the federal court.

The past week dealt a blow to Bitcoin's recent uptrend that started in June, steering us toward a critical support zone.

PensionPlus and Capital Group announced a partnership Monday aimed at launching a lifelong personalized paycheck service for retirees. The companies say the program will complement the Capital Group and American Funds target-date retirement series and will be offered to select retirement plan participants.

Nifty and the Sensex will sell almost 150 million shares on its imminent exit from benchmark indices. However, analysts said the stock would likely turn attractive once the near-term pricing pressure abates, thanks to its ability to leverage the ₹1 trillion of net worth bestowed in the form of Reliance Industries Ltd (RIL) treasury stock that emanates from the 2002 merger of Reliance Petroleum Ltd with RIL.

NEW DELHI : India is confident of achieving closure on key issues ahead of the upcoming G20 Leaders’ Summit in New Delhi from 9 September. In an interview, Amitabh Kant, India’s G20 sherpa, spoke about the progress that India has made in its discussions around pushing for a higher quantum of climate financing around the world and how this can contribute to the better achievement of sustainable development goals. Kant also spoke about the role India’s digital public infrastructure (DPI) can play in building a better global financial institution and how India’s recent trade restrictions align with other major economies globally.

tropical storm is a system of rotating low-pressure system that gets organized into thunderstorms. But it has no boundary separating two air masses with different densities. Tropical refers to the area of its origin, that is, the tropical region or the tropical seas. Cyclone refers to the winds blowing in a circular way. So, tropical storm means the movement of high-speed winds in a cyclical way that originates on tropical seas.

HRW) said on Monday. In a 73-page report, the rights group said Saudi guards used explosive weapons to kill some migrants and shot at others from close range. It compiled testimony from 38 Ethiopians who tried to cross the Yemen-Saudi border between March 2022 and June 2023, as well as four relatives or friends of migrants. Human Rights Watch said attacks against groups of migrants, who used remote mountain tracks to cross into Saudi Arabia by foot, were «widespread and systematic» and that the «killings are continuing». A Saudi official, who did not provide their name, said on Monday in an emailed response to questions to the government's media office that HRW's allegations were «unfounded and not based on reliable sources.» Saudi authorities have also strongly denied allegations made by U.N.

BJP on Monday attacked the AAP government over the arrest of a WCD department officer on charges of raping a minor and demanded resignation of minister Kailash Gahlot, claiming the accused worked as his OSD when he was heading the department. No immediate reaction was available from Gahlot over the issue. «The officer charged with raping a minor was serving as the OSD to the Minister of Women and Child Development (WCD).

Meta Platforms plans to launch a web version of microblogging app Threads early this week, the biggest new feature to be introduced on its competitor to Elon Musk’s X. The desktop version would address one of the biggest of a long wish list of features users have sought for Threads. The text-first social-media app appeared on track to be a smash hit out of the gate when Meta launched a bare-bones version in early July, but use of it has plunged in recent weeks.

Amanda Ray’s son attended public school from prekindergarten to fifth grade. But when he qualified for West Virginia’s school voucher program for the 2023-24 school year, Ray jumped at the opportunity to enroll her son in Eyes and Brains STEM Center, a small private school serving a total of six students in kindergarten to seventh grade.

solar panels. Sungarner Energies Ltd offers its clients engineering, design, and solution-related services. Additionally, the company offers a variety of services, including the operation and maintenance of solar power generation systems and projects involving solar power plants.

ETF) backed by traditional safe-haven gold this year, despite sticky inflation. Overall holdings in over 100 gold ETFs tracked by the World Gold Council (WGC) fell to 3,348 metric tons as of Aug. 18, at their lowest level since 3,330 tons in April 2020.

₹4,350 crore revenue this financial year, and ₹5,220 crore next year. The company has signed a performance-based MoU with the ministry of new and renewable energy (MNRE) in this regard.

Chandrayaan-3's lander module has been established. "‘Welcome, buddy!’ Ch-2 orbiter formally welcomed Ch-3 LM. Two-way communication between the two is established.

After Shah Rukh Khan’s espionage thriller ‘Pathaan’ ended the dry spell for Bollywood in January this year, raking in Rs 1000 crore at the worldwide box-office, another popular star from the 1990s, Sunny Deol, is back with a bang at the box-office! Deol’s comeback venture ‘Gadar 2’ has proved to be a box-office phenomenon. According to a report by the Indian box-office tracking portal Sacnilk.com, the period drama crossed Rs 375 crore at the Indian box-office. Worldwide, the movie collected about Rs 442 crore.