Alphabet was poised to reach a historic $4 trillion market valuation on Tuesday, driven by a strong year-long surge in its stock. This rally is attributed to the Google parent’s intensified focus on artificial intelligence tools, positioning it among Big Tech leaders in the AI race.Read More
The dollar weakened as U.S. economic data suggested a December rate cut, with a potential dovish Fed chair nominee further pressuring the currency. The New Zealand dollar surged on a hawkish outlook, while the Australian dollar saw a brief boost from inflation figures. Sterling remained steady ahead of a significant budget announcement.Read More
Gold prices are rising in early Asian trade. This is due to optimism about a potential interest rate cut by the Federal Reserve in December. Markets are now pricing in a high chance of this happening. Recent economic data from the US has also supported these expectations. Gold tends to perform well when interest rates...Read More
Wall Street rallied Tuesday as economic data suggested a December rate cut by the Federal Reserve. Softness in tech, particularly Nvidia, limited Nasdaq’s gains. Investors are now pricing in an 84.7% chance of a rate reduction, up from 50.1% last week, driven by dovish Fed remarks and weakening economic indicators.Read More
The Securities and Exchange Board of India (Sebi) is proposing to simplify the process for investors to obtain duplicate share certificates. The regulator suggested increasing the simplified documentation limit for duplicate securities to ₹10 lakh from ₹5 lakh, acknowledging the growth in market capitalization and investor portfolios. This move aims to reduce procedural burdens and...Read More
State-owned Power Finance Co (PFC) and Nabard cancelled bond issuances totalling ₹10,000 crore due to higher-than-expected yields. Issuers are now awaiting the December 5 monetary policy meeting, anticipating a potential rate cut that could lead to lower pricing for their bonds.Read More
Federal Bank’s shares surged 27% in three months, driven by Blackstone’s ₹6,000 crore investment and management’s guidance of net interest margin expansion. The capital infusion will fuel growth and potential inorganic opportunities. The bank anticipates NIM improvement due to repricing term deposits and strong CASA momentum.Read More
Greenko has secured approximately ₹600 crore through privately placed rupee-denominated bonds, subscribed by Broad Peak Investment Advisors and JP Morgan. The funds will be utilized for repaying inter-company loans and general corporate purposes. This capital infusion coincides with Greenko’s commissioning of significant storage assets, including a large-scale integrated renewable energy storage project in Rajasthan.Read More
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