Reseñas

At the closing bell, Fed Governor Christopher Waller said a string of “hot” data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December.

The consumer price data next week could offer investors more clues on the path of rates heading into the Fed’s March 21-22 meeting, where it is expected to raise rates by 25 basis points.

Benchmark indices wiped out previous day gains, with the Sensex closing below 59,000 and the Nifty breaking below its 200-day moving average (DMA) of 17,397, a key technical indicator, led by declines in banks, technology, automobile and metals stocks.

The expert committee is headed by former Supreme Court judge Abhay Manohar Sapre. Its members are former State Bank of India chairman OP Bhatt, former Bombay High Court judge JP Devadhar, noted banker and National Bank for Financing Infrastructure and Development (NaBFID) chairperson KV Kamath, Infosys cofounder Nandan Nilekani and Continue Reading

In February, promoters of UPL bought 37 lakh shares worth ₹531 crore in the agrochemicals company from open market. They had increased their stakes in the company by 2.29% in the December quarter through several bulk deals.

The regulator in two separate orders barred 55 entities including actors Arshad Warsi and his wife Maria Goretti from the securities market for alleged price manipulation through YouTube and subsequently offloading the inflated shares of Sadhna Broadcast and Sharpline Broadcast.

Flagship Adani Enterprises gained 2.75% to close at ₹1,607.25. Ambuja Cement and Adani Total Gas gained over 4% each. Adani Ports & Special Economic Zone moved up 3.5% and ACC rose 1.4%.

Sources said the conglomerate may also use the funds to prepay a $750-million mezzanine debt facility, which was also taken to help finance the purchase of the twin cement assets, billed as the biggest takeover in India’s building materials industry to date.

According to the agency, these 23 states’ combined capital outlay and net lending stood at Rs 3.2 lakh crore as of December 2022, which is only 46 per cent of their FY23 budget estimates. Consequently, a substantial Rs 3.8 lakh crore of additional spending is required in Q4 to meet Continue Reading

The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 9.1 per cent in 2021-22, the NSO had said. The growth slowed to 4.4 per cent in the October-December quarter, mainly due to a contraction in the manufacturing sector, as per the data released Continue Reading