The Bank of Japan decided to bring more flexibility to its yield curve control policy as strictly capping the long-term yields entail large side effects and the central bank retained its negative interest rate. The BoJ policy board, led by Governor Kazuo Ueda, decided to regard the upper bound of […]

Despite rising interest rates weighing on private consumption, Germany’s economy shrank less than expected in the third quarter, underpinned by investment, preliminary estimates from Destatis showed Monday. Gross domestic product fell 0.1 percent sequentially, offsetting an upwardly revised 0.1 percent rise a quarter ago. The pace of contraction was slower […]

The launch of new schemes by mutual funds (MFs) has decelerated due to changes in debt fund taxation. During the first half (H1) of this financial year (April–September 2023), fund houses introduced a total of 73 new fund offerings (NFOs), compared to 183 in the second half (H2) of 2022-23, […]

French drug major Sanofi reported Friday higher profit in its third quarter, while sales declined. Further, the company reiterated fiscal 2023 business earnings view. Separately, Sanofi said it plans to separate the Consumer Healthcare Business with a view to focus on Biopharma business. The company announced further steps to improve […]

The Internal Revenue Service has opened registration for car dealers to register for the IRS Energy Credits Online portal. This is a key step in implementing a provision of the Inflation Reduction Act that will lower costs for consumers and help car dealers grow their businesses by increasing access to […]

While most analysts have made EPS estimate downgrades for FY24, quite a few continue to recommend “Buy/ Accumulate” in expectations of strong overall growth through FY26. In the July to September quarter of 2023-24 (Q2FY24), Voltas’ revenues grew by 29.7 per cent year-on-year (Y-o-Y), but the adjusted net profit was […]

At least 16 people were killed and dozens of others were injured in two mass shootings in Lewiston, Maine, on Wednesday night. Some reports say the death toll is higher. Hundreds of police officers across the state are on an intensive manhunt for the 40-year-old suspect, Robert Card, whom police […]

Asian stock markets are a sea of red on Thursday, reflecting the broadly sell-off on Wall Street overnight, amid disappointing earnings reports, a surge in Treasury yields, concerns about interest rates and the outlook for economic growth. Worries about the conflict in the Middle East amidst reports of an imminent […]

Industrial conglomerate General Electric Co. (GE) reported Tuesday a net profit for the third quarter that sharply increased from last year, driven by improved profit margins and 20 percent revenue growth. Adjusted earnings per share and quarterly revenues topped analysts’ expectations. The company also raised its outlook for the full-year […]

‘In the next one-and-a-half, two months you’ll get decent amount of opportunities in the mid-cap and small-cap sector at lower levels.’ “When the market fell initially, the retail (investors) lost decently high amounts (of money). With the instability that comes with geo-political tensions leading to more fear, liquidity has started […]