Philadelphia-area manufacturing activity unexpectedly contracted at an accelerated rate in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity slid to a negative 10.5 in December from a negative 5.9 […]

2024 is looking bigger and brighter than ever for sports eyewear brand Panda Optics as its new goggle opens up the slopes for the snow crowd and more cyclists come on board thanks to its sunglasses. A shining example of what a small business can achieve in a market long […]

‘It will dictate the flow of funds into the index. We will maintain caution on mid/smallcaps.’ Retail investors have taken to equity markets like never before, with the dematerialised (demat) account tally hitting the 132 million mark recently. Gurpreet Sidana, CEO, Religare Broking, tells Puneet Wadhwa/Business Standard in an e-mail […]

Following the sharp run in markets, valuations across the board have become elevated. The National Stock Exchange Nifty50 Index now trades at a 12-month trailing price-to-earnings (P/E) multiple of 24.3 times, 18 per cent higher than this year’s low of 20.5 times. The valuation expansion in the broader markets has […]

While the economy seems to be on a firm growth path, the fight against inflation is not over yet.Shaktikanta Das seems to be in no hurry.After playing well through a five-year Test match, he doesn’t want to get out hit wicket, observes Tamal Bandyopadhyay. Rahul Dravid blamed the poor and […]

BP Plc said it has forfeited a maximum of 32.43 million pounds or $40.59 million in potential remuneration from former CEO Bernard Looney after the British energy major determined that he knowingly misled the board regarding his personal relationships with colleagues. In a statement, BP said that Looney has been […]

Concerns about global economic growth was back in spotlight after economic data revealed an unexpected dip in imports by China. Weak industrial production data from Germany and contraction in the Eurozone in the third quarter also weighed on sentiment. Markets also reacted to Bank of Japan Governor’s hints of an […]

After moving to the upside early in the session, stocks have given back ground over the course of the trading day on Wednesday. The major averages have pulled back well off their highs of the session and are currently nearly unchanged. While the Dow is up 7.94 points or less […]

Even if no statistical jugglery is afoot, only to warn that the ‘noise’ in the numbers should be eliminated in order to hear the underlying music, without distortion, warns T N Ninan. India’s latest GDP (gross domestic product) numbers flatter, though they don’t deceive — because the underlying story is […]

Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including […]