Markets accord red welcome to FY21
Day 1 of the new fiscal saw benchmark indices in the red all through the day; they closed 4% lower.
interest rates
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Overnight funds in the fast lane
With more than quadrupled average net assets under management and doubling of investor folios in the last 10 months, overnight funds are witnessing hyper growth among debt mutual funds.
Gold prices touch seven-year high
While the yellow metal’s safe haven appeal has been on the rise, prices could retreat once fears around Coronavirus start fading.
Finance minister holds review meeting with bankers
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
Markets end lower after Modi unveils portfolios
Sensex, Nifty hover near lifetime highs after the inauguration of the new Cabinet, but close lower after realising that the new government has old challenges to tide over.
RBI surprises with a 25 bps rate cut
Monetary Policy committee changes stance to ‘neutral’; cut in benchmark rate will lead to savings for homebuyers, say experts.
When there’s a fire, manage the leakages
The bank should announce a specific inflation target and then raise and lower interest rates as necessary to keep inflation near the target level.
‘Private debt could be Asia’s new frontier’
30% investors feel Asia presents the best opportunities for investing in private debt, says Preqin’s H1 2018 Investor Outlook survey.
Foreign investors’ sell-off should worry us
Foreign portfolio investments saw a net outflow of Rs 32,077 crore in Jan-May 2018, compared to inflows of Rs 1,18,251 crore in the same period last year.
