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Thursday, May 2, 2024
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Economy

Dollar edges down but still close to 5-1/2 month high, Fed, Middle East in focus

By Stefano Rebaudo and Ankur Banerjee (Reuters) -The dollar edged down but was still within striking distance of its 5-1/2-month high on Wednesday, keeping the yen rooted near 34-year lows after

Shares steady but bonds hit by Fed disappointment

By Tom Wilson and Stella Qiu LONDON/SYDNEY (Reuters) -World shares steadied on Wednesday though investors stayed cautious at the prospect of U.S. interest rates staying higher for longer, which in

Prudence versus populism, DBS on BJP and Congress election manifesto

New Delhi , April 17 (ANI): As India is set to vote for a new government at the Centre, with the first of the...

Oil prices dip as demand worries outweigh Mideast supply fears

By Trixie Yap (Reuters) -Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply

Dollar steady, yen frail after Fed comments dash rate cut wagers

By Ankur Banerjee SINGAPORE (Reuters) -The dollar was broadly steady on Wednesday, keeping the yen rooted near 34-year lows after comments from Federal Reserve officials, including Chair Jerome Powell

Asian shares steady but Fed disappointment hits bonds

By Stella Qiu SYDNEY (Reuters) -Asian shares steadied from a recent sell-off on Wednesday although investors remain wary after the world's most powerful central banker had a change of heart on U.S.

Indians increasingly spending money on mutual fund investments, insurance, trading: Razorpay analysis

New Delhi , April 17 (ANI): Payments towards mutual fund investments, insurance, and trading have seen a massive jump in the just-concluded financial year...

Appropriate to maintain restrictive monetary policy if inflation persists: Fed official

Washington DC , April 17 (ANI): US Federal Reserve Vice Chair Philip N Jefferson believes it will be appropriate to maintain the current restrictive...

Ahead of FPO, Vodafone Idea garners Rs 5,400 cr from anchor investors

New Delhi, Apr 17 (PTI) Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its...

Modi 3.0 mega plan for Railways, plans investment of Rs 10-12 lakh crore

New Delhi , April 17 (ANI): Indian Railways is ready with a 100-day plan post-elections 2024. It includes a focus on various passenger-friendly measures,...

On Camera

How govt brought Vodafone Idea back from the brink & earned a neat profit in the process

In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.

Complex network of India’s existing air defence capabilities & the way forward

Provocations among Israel & Iran have prompted discussion on the need for India to broaden its air defence apparatus, given tensions with adversarial neighbours.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.