Bitcoin, the largest cryptocurrency in the world, reached an all-time high of over $84,000 on Monday. Traders who bet against MicroStrategy, a major supporter of […]
Category: Business
AMFI October Data: Equity Inflows Surge 21.7% MoM to Rs. 41,887 Cr, Total AUM Hits Rs. 68.5 Lakh Cr
Mutual funds in India saw net inflows of ₹2.39 lakh crore in October, contrasting with a ₹71,114 crore outflow the previous month. Equity funds recorded […]
Wedbush Raises Tesla Price Target to $400 as Hedge Funds Bet on Banks and Short Renewable Energy Amid Trump Election Win
Wedbush has increased its price target for Tesla stock from $300 to $400, believing that a win for Trump in the U.S. presidential election will […]
Economy in Charts: US Stock Market, Trump Win, RBI Growth Projections, Indian Retail Loans, US Elections, Indian Economy, China’s Economic Package & More
Introducing This Week in Economy (in Charts)—a new weekly update where we’ll highlight the most important economic events from the past week, explained through easy-to-follow […]
FPIs Withdraw Rs 19,994 Crore in November, Total Outflow Hits Rs 13,401 Crore in 2024; Reliance Industries Loses Rs 74,563.37 Crore in Market Valuation; FPIs Invest Rs 2,896 Crore in Debt VRR
Foreign portfolio investors (FPIs) continued to pull out of Indian equity markets, withdrawing nearly Rs 20,000 crore in just five trading sessions (Nov 4-8), mainly […]
Adani Power to Continue Supplying Electricity to Bangladesh Despite $800 Million Outstanding Dues
Adani Power has reaffirmed its commitment to continue supplying electricity to Bangladesh from its 1600 MW Godda power plant, despite Bangladesh owing over $800 million […]
Foreign Investors’ Stake in NSE Falls to 15.98% (12-Year Low); Mutual Funds Rise to Record 9.58%
Foreign investors’ share in NSE-listed companies dropped to 15.98% in October, reaching its lowest point in twelve years. The value of foreign investors’ assets in […]
Federal Reserve Cuts Interest Rate by 0.25% and Signals Balanced Economic Risks
Federal Reserve has lowered the key overnight interest rate by 0.25% to a range of 4.50%-4.75%. The Fed says the economic outlook is uncertain and […]
Bank of England Cuts Interest Rates to 4.75%, Cautions on Inflation Risks from New Budget
The Bank of England has cut borrowing costs for the second time this year, though it hasn’t committed to speeding up rate cuts. Officials cautioned […]
October Sees Major Foreign Outflows from Indian and Asian Markets Amid Weak Earnings
In October, Asian markets (excluding China) saw large foreign outflows as investors became worried about the U.S. presidential election and other factors. Investors pulled out […]
SEBI Proposes Public Disclosure of Stress Test Results for All Mutual Fund Schemes
The Securities and Exchange Board of India (SEBI) has proposed that all mutual fund schemes should disclose their stress test results. This suggestion was made […]
FOMC Preview: November Meeting – Morgan Stanley, Trump Victory Means Fewer Fed Cuts: Nomura, Fed May Revise Assumptions in December If Republicans Gain Control of Both Congressional Chambers – Nick Timiraos
Morgan Stanley: The economy is growing strongly, but inflation is getting closer to the target, which leads the Federal Reserve to reduce the interest rate […]