Tamil Nadu Governor R.N. Ravi | Photo Credit: VELANKANNI RAJ B Tamil Nadu Governor R.N. Ravi has once again returned to the State government, the file recommending the name of former Director-General of Police C. Sylendra Babu for appointment as chairman, Tamil Nadu Public Service Commission (TNPSC). Contending that the recommendations were inconsistent with Constitutional … Read more
WASHINGTON: Uncertainty around the path of the U.S. economy, including difficulties estimating the state of financial markets, potential oil price shocks, and the impact of labor union strikes, pushed Federal Reserve officials into a cautious stance at their meeting last month as debate proceeded over whether further rises in the central bank‘s policy rate would … Read more
West Bengal Chief Minister Mamata Banerjee during a meeting with Lulu Group International Executive Director Ashraf Ali MA, in Dubai, UAE on September 22, 2023. | Photo Credit: PTI West Bengal Chief Minister Mamata Banerjee returned to Kolkata on September 23 evening after a 12-day tour of Spain and the UAE, and said her trip … Read more
Chief Minister Y.S. Jagan Mohan Reddy. File photo Chief Minister Y.S. Jagan Mohan Reddy has returned from his London tour on Tuesday, September 12, 2023. He was received at the Gannavaram Airport by Deputy Chief Minister B. Mutyala Naidu, Ministers J. Ramesh, K Nageswara Rao, P. Vishwaroop, Chief Secretary K. Jawahar Reddy, DGP K.V. Rajendranath … Read more
Mumbai: With the removal of long-term tax benefits on debt mutual funds, affluent investors are turning to alternative private credit investments to enhance debt portfolio returns. On the other hand, the market is also seeing many new entrants, such as Carlyle Group and Nippon Life, which are seeking to leverage the credit demand-supply gap. Market-linked … Read more
Indian nationals, who were evacuated from Sudan, before they boarded flights for Chennai and India, in N’Djamena, Chad, on May 4. | Photo Credit: PTI/Twitter via @MEAIndia “If we had enough land to cultivate, we would have never gone to Sudan to earn money”, said Ranjan, 55, one of the Hakki-Pikki tribal people from Sadashivampura near Shivamogga, … Read more
Traders are scouring the market for stock bets that could benefit from a likely harsh summer. Brokerage Jefferies said companies benefiting from a strong summer belong to makers of fans, air conditioners, refrigerators, agriculture pipes, air coolers and pumps. Agencies The firm’s top picks in these segments are Crompton Consumer, V-Guard Industries, Amber Enterprises, Finolex … Read more
The recovery in the corporate capital expenditure cycle in India is encouraging and something that the country has not seen in atleast a decade. But, portfolio management services firm White Whale Partners still prefers avoiding companies where the gestation period for returns on invested capital is longer. “We would avoid businesses that delve into long … Read more
I would not fall into the trap of trying to predict the market especially in the short term as we saw that till about last week we were consistently hitting 52-week highs and now we have seen a bit of a correction says Kunj Bansal, Investment-illiteracy.com. What is your outlook on the markets. What do … Read more
Mumbai: Low returns of 3-3.5% from arbitrage funds over the past one year saw rich investors withdrawing ₹20,048 crore from this category over the past three months, with bank deposits or liquid funds gaining traction in the bargain. But with the sharp rally increasing spreads between cash and futures arbitrage, returns from arbitrage schemes are … Read more