Federal Reserve Governor Christopher Waller suggested on Thursday that easing inflation could allow the U.S. central bank to cut interest rates sooner than anticipated, fueling optimism about economic growth and energy demand. This sentiment contrasts with earlier market bets on a slower pace of rate adjustments.
Author: BNW News
China’s Q4 GDP Surges by 5.4%, Surpassing Market Expectations
Market analysts polled by Reuters had predicted a 5.0% expansion for Q4, up from the 4.6% growth recorded in Q3. The stronger-than-expected performance is attributed to the impact of various support measures introduced by Chinese policymakers in recent months.
Banking Reforms: What Happened to the Privatisation of State-Run Banks?
The government currently holds a majority stake in 12 public sector banks, with ownership exceeding 90% in four of them:
RBI imposes monetary penalty on Parbhani District Central Co-operative Bank Ltd., Parbhani, Maharashtra
The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023
Banks Set for Subdued Q3 Earnings Amid Mounting Challenges
For private sector banks (PVBs), profitability is anticipated to remain subdued. Emkay Global attributes this to a noticeable deceleration in credit growth, which directly impacts interest income. Adding to the strain are shrinking net interest margins (NIMs), driven by rising funding costs, and escalating operational expenses. Furthermore, increased provisioning for loan losses is expected to take a toll on the bottom line, leaving private banks grappling with profitability pressures.
Stocks continue positive momentum
MUMBAI: Benchmark indices Sensex and Nifty surged in early trade on Thursday in tandem with a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate…
Hindenburg Research to shut shop
Short-sellers like Anderson, who managed his firm’s own money but not that of others, bet against companies they believe have accounting issues, mismanagement or fraud, which they find usually after a long period of investigation.
RBI steps in: Daily VRR auctions starting January 16 to ease liquidity crunch
With the liquidity deficit, which has come about due to RBI’s intervention (aimed at ensuring gradual depreciation of the Rupee against the Dollar) in the forex market, estimated at about ₹2 lakh crore as on January 14, market players say the move couldn’t have come at a better time.
SpaceTech startup OrbitAID raises $1.5 Million in Pre-Seed round led by Unicorn India Ventures
The Company has recently tested its patented SIDRP on a zero gravity flight in Florida successfully. This test has further validated SIDRP’s capabilities for on-orbit mission critical steps including docking, refueling and proximity operations. This successful demonstration is a major milestone in SIDRP’s precision and accuracy in simulated space conditions taking the company a step closer to their mission of disrupting the outer space market.
Rupee recovers from record low to settle 17 paise higher at 86.53 against US dollar
Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it remained under pressure due to elevated crude oil prices and continuous outflow of foreign funds.