The Reserve Bank of India Governor also stated that the bank is prepared to take action if necessary and that the repo rate will remain at 6.5 percent. The RBI Monetary Policy Committee (MPC) chose to maintain the policy repo rate at 6.50 percent, along with all other policy rates. Governor Shaktikanta Das stated that…
In attempting to reduce its debt, Vedanta Resources is eroding its subsidiary companies. Vedanta’s Struggling with Debt Adani Group, a struggling Indian infrastructure giant, hasn’t yet knocked over any further huge dominoes. Vedanta Resources, a massive mining corporation in India, is also appearing unsteady. Due to market trepidation following the instability at Adani Group, which…
Stock Market Today:Top Gainers of 24th Mar 2023 Symbol LTP % CHANGE CIPLA 878.40 1.07 KOTAKBANK 1,687.70 0.48 APOLLOHOSP 4,289.00 0.37 INFY 1,378.95 0.32 TECHM 1,103.00 0.32 DRREDDY 4,455.10 0.18 POWERGRID 222.45 0.14 ASIANPAINT 2,800.00 0.08 DIVISLAB 2,804.75 0.06 Nifty50: Top Gainers of 24.03.2023 Stock Market Today: Nifty 50 Top Losers of 24th Mar 2023 Symbol LTP…
The Federal Reserve Board, its aggressive battle to contain inflation on Wednesday by increasing its benchmark short-term interest rate by a quarter percentage point, despite the financial turbulence following Silicon Valley Bank’s failure. The Federal Reserve Forecasting The Federal Reserve Board officials are now expecting just one more rate hike this year and even that move is questionable, noting that the crisis…
The S&P 500 increased 0.5%, while the Dow Jones Industrial Average gained 56 points, or 0.3%. Nasdaq Composite increased by 0.8%. Prior to the release at 2:00 p.m., the main averages had not altered significantly. Introduction The Federal Reserve, commonly referred to as the Fed, is the central banking system of the United States. One…
