Gwalior South MP Assembly Election 2023 Details: The Election for Gwalior South Assembly Constituency in Madhya Pradesh will be held on November November 17. The date of voting and result was officially announced by the Election Commission of India on October 9 . Here are the important details of the Gwalior South Constituency Assembly Election 2023 that you should know. Gwalior South Constituency Madhya Pradesh Assembly Election 2023: Voting Date The Gwalior South Assembly Constituency Election 2023 will be held on November 17, as announced by the Election Commission on October 9. Gwalior South Constituency Madhya Pradesh Election 2023: Candidates …
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Extreme volatility since Fed’s Jackson Hole remarks: RBI Governor Shaktikanta Das
The recent commentary from the US Federal Reserve has infused substantial volatility into global financial markets, with large spillovers and knock-on effects on emerging market economies (EMEs), Reserve Bank of India (RBI) governor Shaktikanta Das said on Monday. “This episode is yet another demonstration of the point made in my media interview on August 23, 2022, that while forward guidance can be a useful policy instrument in an accommodative monetary policy phase, it can be quite difficult to provide coherent and consistent guidance in a tightening cycle,” Das said at an event hosted by the Fixed Income Money Market and …
Wealthy investors flock to AT1 bonds amid flurry of issuances
By Ashley Coutinho Wealthy investors and institutional investors are flocking to additional tier-I (AT1) bonds in search of higher yields amid a flurry of issuances in the past few weeks. Experts said that these issuances have taken off given the reduction in trading volatility seen in such bonds and cleaner balance sheets of banks. Such bonds provide a higher yield for investors and an alternate source of capital for issuers. “Perpetual bonds (AT1 bonds) are quite popular among investors in India. Many debt mutual funds across categories allocate to AT1 bonds. In fact, wealth managers also recommend perpetual bonds directly …
US stocks: Wall Street ends August with a whimper on Fed worry
U.S. stocks ended the month with their fourth straight daily decline on Wednesday, cementing the weakest August performance in seven years as worries about aggressive interest rate hikes from the Federal Reserve persist. Adding to pressure were declines in the technology sector, and more specifically chipmakers, after soft forecasts from Seagate and HP Inc. The three main indexes suffered their biggest monthly percentage declines in August since 2015. After hitting a four-month high in mid-August, the S&P 500 has stumbled in recent weeks, dropping more than 8% through Wednesday’s close and falling through several closely watched technical support levels. Also …
Rupee likely to depreciate on strong dollar, elevated crude oil prices; USDINR pair to trade in this range
The Indian rupee is likely to depreciate further as the dollar would continue to remain strong. Elevated crude prices, interest rate hike fears, recession concerns are also expected to weigh on the domestic currency. USDINR spot price is expected to trade in a range of Rs 79 to Rs 80.50 in next couple of sessions, according to analysts. In the previous session, rupee declined against the US dollar tracking a strong dollar in overseas markets and losses in the domestic equities. At the interbank foreign exchange market, the local unit opened at 79.93 per dollar, and settled at 79.89, down …
Nifty, Sensex tank 1% amid weak global cues; here’s what is fuelling sell-off today
Indian share market slumped on Monday as investors were spooked after the US Fed chair Jerome Powell though his Jackson Hole Symposium speech diminished the optimism that the central bank may turn around from its aggressive monetary policy amid declining commodity prices. He instead said that the era of interest rate increases is far from over. The BSE Sensex index tanked 1,467 pts to hit an intra-day low of 57,367, while the NSE Nifty 50 sank 393 points to touch the day’s low of 17,166. However, both the indices recouped some opening losses in late morning trade. Bloodbath on Dalal …
Corporate bond issuances see steady growth in 10 years
By Tanuka Roy Corporate bond issuances have seen a steady uptick in the last 10 years. According to an analysis by Bank of Baroda, from just Rs 3 trillion in FY12, the issuances soared to Rs 7.8 trillion in FY21, before moderating to Rs 6 trillion in FY22. However, in FY22, corporate bond yields rose in line with G-sec yields amid a higher than expected borrowing programme by the Centre, elevated oil prices and rising global yields, according to the report. “This could partly have come in the way of issuances as unlike bank loans where interest cost varies with …
ITC among 200 BSE stocks to hit new 52-week highs; Future Retail, Biocon at fresh 52-week lows
S&P BSE Sensex and NSE Nifty were trading 0.75 per cent higher on Monday, on the back of gains in Reliance Industries, ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and others. BSE Sensex surged nearly 500 points or nearly one per cent to 59,294. NSE Nifty 50 rose to a day’s high of 17,678.30. So far in the trade, ITC share price hit a new 52-week high of Rs 327.70 apiece, crossing the previous high of Rs 324.20 apiece. While no stock hit a fresh 52-week low on S&P BSE Sensex. Also read: We need to stop dividing country; efforts …
Exchanges standardise compliance by listed entities
Stock exchanges have implemented a new XBRL-based compliance filing mechanism featuring identical and homogenous compliance data structures. This will not only ease the compliance burden on listed entities but also enable analytics on the data submitted by the listed entities, a joint statement put out by BSE and the National Stock Exchange of India on Monday said. Under the aegis of Sebi Market Data Advisory committee constituted to recommend policy measures in areas such as securities market data standardisation, access and privacy, it was deliberated that XBRL would be implemented for all corporate filings. Listed entities are required to submit …
Petrol, Diesel Price Today, 5 September 2022: Fuel cost unchanged; check rates in Delhi, Noida, other cities
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been kept steady on 5 September 2022, keeping costs steady for more than three months now. The last country-wide change in price came on 21 May 2022, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. Since then, Maharashtra is the only state to have cut rates. Maharashtra government had announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by …