BENGALURU: US stocks opened higher on Wednesday morning ahead of the latest Federal Reserve 's minutes, which will offer investors clues on future interest rate hikes this year.The central bank will release the details of the July policy meeting at 1400 ET (1800 GMT).Policymakers unanimously decided to keep interest rates unchanged at the July 25-26 meeting and said they planned to reduce the central bank's massive holdings of bonds "relatively soon". On the Nasdaq, 1,525 issues rose and 660 fell.bank Bengaluru central higher interest July meeting opened rate stocks
You are listening to ETMarkets Evening PodcastThis is Swati Verma from ETMarkets.com taking you through the motions of Wednesday's session on Dalal Street and bringing you cues and trading tips from market veterans for Thursday's trade.Domestic equity indices rallied for the second straight day backed by strong gains in metals and FMCG counters. Jaypee Infratech hit lower circuit after reports that the Centre may step in to provide relief to thousands of home buyers hit by insolvency proceedings against Jaypee Infratech, including sale of the company's assets to raise money to complete the project.Rahul Shah of Motilal Oswal sums up the day’s market proceeding for you in this exclusive chat with ETMarkets.com.Byte 1: Rahul ShahMax Financial Services Limited witnessed the biggest jump in open interest at 37.81 per cent on NSE on Wednesday.Byte cent com ETMarkets hit interest market Nifty Tata trade
Tushar Pradhan, chief investment officer at (India), in an interview tells Hamsini Karthik that flows from shouldn’t matter much for equities any more.
Earnings misses in the recent quarters have been on the back of a sharp fall in commodity prices, significantly higher than expected provisioning at financial institutions and a challenging global market for Indian information technology (IT) and pharmaceutical companies.bond earnings equities global interest investors market matter mid cap rate
Central banks the world over are confused. The US Federal Reserve wants to increase rates and suck out liquidity that was put in at the time of the financial crisis.Growth and employment are doing fine and low unemployment rates would typically warrant an increase in interest rates.brand companies consumer demand government in inflation interest private rates
Wall Street's "dean of valuation," Aswath Damodaran, says he is perplexed over why a cash-burning company like Tesla is choosing debt to raise money over stock.
The valuation expert increased his fair value estimate for Tesla shares to $192 from $151, representing 46 percent downside from Friday's close.bond buyers Damodaran debt downside Friday interest pitch Tesla valuation
The last year profit exceptional gain of Rs 329 crore, which include one-time profit of Rs 372 crore from DT cinema sales & Rs 43 crore Chennai IT park loss.“The company recorded consolidated revenues of Rs 2,211 crore in Q1FY18, up by 9% from Rs 2,025 crore in previous financial year. EBIDTA ((earnings before interest, taxation, depreciation and amortization) stood at Rs 1,067 crore, reflecting an increase of 18% from Rs 903 crore,” said in a statement.With reduction in benchmark interest rate by the Reserve Bank of India this month and guiding towards further softness in interest rate, the sector should witness a recovery soon, it added.Despite growth in the economy, the demand for residential continued to be soft.BSE exceptional gain include interest profit rate Rs Rs crore sales
You’re sitting at a conference room table with your agent, the sellers of the home you are buying and their agent, just about to initial dozens of pages of documents and put your signatures on the dotted line to complete your purchase of a new home.
That may be your plan, but the sellers probably have an emotional attachment to the house and saying something like this is not what they want to hear.agent buyer closing delay home interest lender mortgage purchase seller
Public sector lender Bank of Baroda (BoB) on Friday reported a 52 per cent fall in quarterly net profit amid a surge in provisions against loans for which repayments are not happening on time, and no rise in income from its lending business.The bank posted a net profit of Rs 203.4 crore at the end of June against Rs 423.6 crore last year. The bank managed to check its bad loan growth, with net NPA falling marginally to 5.1 per cent from 5.7 per cent last year.bank cent deposits interest net NPA profit reported Rs crore The
The Federal Reserve's key interest rate is getting close to a "neutral" level so the Fed should patiently wait for further evidence that inflation will rise before tightening policy again, Dallas Fed President Rob Kaplan said on Friday.
The Fed has raised its key rate to a range of 1 to 1.25 percent.Fed federal inflation interest key Neutral patiently rate Reserve wait
Tesla (TSLA) is the most shorted company, but bears have been taking a bloodbath this year.
It's unclear for how much longer the company's skeptics can withstand losing billions of dollars while criticizing Tesla of "burning through" hundreds of millions of dollars.bears interest longer position ramp shares short sold stock Tesla
Mumbai: Public sector lender Bank of Baroda has reported a 52% fall in net profit from last year amid a surge in provisions against loans for which repayments are not happening on time and no rise in income from its lending business.The bank posted a net profit of Rs 203.4 crore against Rs 423.6 crore last year, while its provisions went up 18% to Rs 2368 crore against Rs 2004 crore in the same period.A rise in provisions also helped the bank reduce its net NPA or non performing assets by a small margin, having reduced to 5.1% from 5.7% last year, however its gross bad assets rose to 11.4% from 11.1% as a share of its total assets deployed.In absolute terms net NPA stood at Rs 19519.3 crore against Rs 20783.7 crore a year earlier.The bank’s net interest margin or the measure of its profitability stood at 2.5% for the first quarter of this year.The bank also reported a less than 1% increase in net interest income or the difference between interest earned and interest expended of Rs 3405 crore 3372 crore last year.The bank’s share of low cost deposits or deposits from current accounts and savings accounts increased to 38.7% of its total deposits from 33.8% last year. The total domestic deposits with the bank reached to Rs 4.3 lakh crore against Rs 3.9 lakh crore a year ago.The total advances deployed by the bank increased 4% to stand at Rs 3.7 lakh crore against Rs 3.6 lakh crore in the same period.The bank’s stock ended at Rs 142.5 having fallen 3.9% in intra day trading.assets bank crore deposits interest lakh net provisions Rs The
While it’s been reported that the U.S. Department of Labor has requested an 18-month delay in the implementation of the second phase of its fiduciary rule to July 2019 from January 2018, we see evidence that the U.S. financial industry has already begun reducing conflicts of interest between financial advisors and their clients.
The delay to the rule was largely expected, as President Trump directed the Department of Labor to restudy the effects of the rule.advice advisor companies Department Labor fee Fiduciary financial Financial Services interest standard
Rationale: We have seen accumulation of long positions in the in the August series at lower levels where open interest has risen by around 10% till now. Current open interest in the stood higher than last six months average coupled with the recent strength in the stocks, indicating accumulation of positions from strong players.accumulation August interest levels lower positions Rationale risen Rs stock