If the Budget makes no big announcements on new schemes, projects, or tax giveaways, the government would face a major political dilemma as it may have to reluctantly consider shunning the practice of unveiling pre-election sops to woo voters, notes A K Bhattacharya. Last fortnight, Finance Minister Nirmala Sitharaman made a bold and prudent statement that should set her apart […]

The Food and Drug Administration (FDA) is reportedly exploring the possibility that recalled applesauce products could have been intentionally contaminated with high levels of lead. “The FDA can confirm that one of the theories the agency is exploring regarding the high lead levels in the recalled cinnamon applesauce pouches is the potential that the cinnamon contamination occurred as a possible […]

European stocks are seen opening sharply higher on Thursday as investors cheer dovish signals from the U.S. Federal Reserve. The dollar sank after a dovish Fed policy shift led to a sharp decline in the U.S. Treasury bond yields. The dot plot showed 75 basis points of reduction in 2024 – a sharper pace of rate cuts than indicated in […]

Stocks turned in a lackluster performance throughout much of the trading session on Wednesday before skyrocketing in reaction to the Federal Reserve’s monetary policy announcement. With the late-day rally, the Dow soared to a record closing high, while the Nasdaq and the S&P 500 reached their best closing levels in almost two years. The Dow saw further upside going into […]

With the Federal Reserve’s highly anticipated monetary policy announcement due this afternoon, stocks may move to the upside in early trading on Wednesday. The major index futures are currently pointing to a slightly higher open for the markets, with the S&P 500 futures up by 0.2 percent. Stocks may continue to benefit from optimism about the outlook for interest rates, […]

Asian stocks rose broadly on Tuesday, the dollar eased, gold ticked higher and Treasury yields held steady as investors awaited cues from key U.S. CPI report later in the day and the Federal Reserve’s rate decision on Wednesday. The U.S. Federal Reserve is widely expected to hold rates, with investors awaiting Chair Jerome Powell’s press conference as well as the […]

The decision by the Reserve Bank of India to introduce a unified regulatory framework on connected lending for all the regulated entities (RE) is expected to reduce the influence of business conglomerates in the Indian lending space, said bankers and experts. “Connected lending pertains to lending to related parties within the same business group. “While the RBI might appear more […]

After recovering from an initial move to the downside, stocks have fluctuated over the course of the trading session but largely maintained a positive bias. With the upward move, the Nasdaq and the S&P 500 are on pace to end the session at their best closing levels in well over a year. Currently, the major averages are posting moderate gains. […]

The U.S. military’s recruiting chiefs have rvealed that The Army, Navy and Air Force failed to meet recruiting goals in the fiscal year that ended in September. The Marine Corps and the Space Force made their goals, but the recruiting environment remains tough. According to Army Maj. Gen. Johnny K. Davis, commanding general of the Army Recruiting Command, he has […]

In a presentation, One97 Communications (Paytm) announced that it is going to cut back on loan distribution for small-ticket ‘postpaid’ loans as a prudential measure. This decision follows the Reserve Bank of India’s (RBI’s) recent tightening of regulations, raising risk weights on unsecured loans. This particular segment accounts for about 55 per cent of quarterly disbursements and was growing at […]