RBI Deputy Governor Poonam Gupta said India’s economic growth could beat the central bank’s 6.7% forecast, with growth nearing 7%. Stronger-than-expected indicators have improved the outlook, while markets are raising bets on a rate hike later this year. India’s economy may outperform the central bank’s forecasts this financial year, according to Deputy Governor Poonam Gupta,…
Experts suggest that cash holdings should be viewed as a portfolio management tool rather than a buy-or-sell signal. A fund’s investment philosophy, portfolio quality, and long-term performance remain far more important than a single percentage shown in the monthly factsheet. A mutual fund primarily invests in stocks, bonds, or commodities, but not every rupee…
S&P Global Ratings have recently revised its 2026 average price assumption for Brent crude oil prices by $5 to $65 S&P Global Ratings on Wednesday said profit margins of oil marketing companies like IOC, BPCL and HPCL, could suffer as they are likely to keep retail prices of petrol and diesel unchanged to curb inflationary…
US Ambassador Sergio Gor took charge in Delhi, saying India and the US remain actively engaged on trade talks, with the next call expected soon. Newly appointed US Ambassador Sergio Gor said India and the US remain actively engaged on trade, with the next round of talks expected shortly. US Ambassador to India Sergio…
In another company development, One 97 Communications Ltd also approved a comprehensive internal restructuring plan to bring several of its financial and technology subsidiaries under direct ownership One 97 Communications Ltd, the parent company of Paytm, has approved the transfer of its offline merchant payments business to its wholly owned subsidiary, Paytm Payments Services Ltd…
Spot gold was up 0.7% at $3,469.84 per ounce by 1049 GMT, its highest since April 22 when it touched a record-high of $3,500.05 The US dollar was trading near its lowest since July 28 against rivals, making greenback-priced bullion cheaper for overseas buyers. Gold hit a more than four-month high on Monday to…
Weekly options data suggest that the Nifty 50 is expected to trade in the 24,500–24,800 range in the upcoming sessions. Nifty Outlook for August 14 The Nifty 50 rebounded and witnessed a sustainable upside throughout the session, recouping all of its previous day’s losses and closing half a percent higher on August 13, ahead…