Kevin Warsh’s nomination to lead the Federal Reserve advanced through the Senate Banking Committee along party lines. This move comes as President Trump seeks to exert more control over the central bank.Read More
Motilal Oswal Financial Services saw its net loss widen in the March quarter. Revenue from operations surged 125 percent year-on-year. The company’s operating profit after tax grew 25 percent. Asset and Private Wealth Management businesses showed robust growth. Asset Management PAT increased 63 percent. Total assets under management grew 32 percent. SIP inflows surged 78 percent.Read More
Investors are adopting a cautious approach, keenly awaiting key earnings from major technology firms. The Federal Reserve’s upcoming meeting, potentially the last for Chair Jerome Powell, also adds to the prevailing uncertainty. The Dow saw a slight uptick, while the S&P 500 and Nasdaq experienced minor dips at the session’s start.Read More
Indian Overseas Bank reported a 43% surge in fourth-quarter net profit, reaching Rs 1505 crore, driven by lower provisions and tax expenses. Despite flat pre-provision operating profit due to treasury losses, the bank’s asset quality improved with a falling NPA ratio. Annual net profit also saw a significant 56% increase.Read More
Indian government bonds fell on Wednesday as surging oil prices stoked inflation and supply concerns ahead of the Federal Reserve’s policy decision, while the rupee slumped.Read More
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