The Federal Reserve held policy rates steady in January, citing a resilient labor market and inflation above its 2% target. This decision revealed a split within the FOMC, with some officials prioritizing growth and employment concerns while others emphasize continued vigilance against persistent inflation before considering further rate cuts.Read More
HUL Q3 Results: The company’s revenue from continuing operations stood at Rs 16,441 crore, up 5.6% YoY from Rs 15,556 crore in the corresponding quarter of the previous financial year, HUL said in a regulatory filing.Read More
Bill Ackman’s Pershing Square has taken a major new position in Meta, investing $2 billion on the confidence that AI adoption will unlock long-term value. The hedge fund exited Hilton, arguing Meta remains undervalued despite recent volatility, and sees AI boosting recommendations, advertising efficiency and future engagement across Meta’s platforms.Read More
Indian government bonds saw a slight dip early Thursday. This move followed a rise in U.S. Treasury yields. Investors are now keenly awaiting India’s inflation data later today. The 10-year bond yield is expected to hover around 6.75% levels. This comes after stronger than expected U.S. jobs numbers. India’s consumer inflation is projected to reach 2.4% in January.Read More
Market expert Neeraj Dewan remains constructive on PSU banks, citing strong earnings and reasonable valuations, suggesting SBI is a buy-on-dips opportunity. He is optimistic about the commercial vehicle sector due to improving capex trends. However, Dewan advises caution on the IT sector due to volatility and potential structural impacts from AI.Read More
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