Singapore Trims 2023 Growth Outlook

Singapore narrowed its growth projection for the current year citing subdued foreign demand but the pace of expansion is forecast to improve next year with the recovery in global economies. Given its performance in the first three quarters as well as the external and domestic conditions, the Ministry of Trade and Industry said the economy […]

U.S. Existing Home Sales Plunge Much More Than Expected In October

Existing home sales in the U.S. tumbled by much more than expected in the month of October, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales plummeted by 4.1 percent to an annual rate of 3.79 million in October after plunging by 2.2 percent to a […]

U.S. Stocks See Further Upside Amid Downturn By Treasury Yields

After moving moderately higher early in the session, stocks have seen further upside over the course of the trading day on Monday. The major averages have all climbed firmly into positive territory, with the tech-heavy Nasdaq leading the advance. In recent trading, the major averages have reached new highs for the session. The Nasdaq is […]

Tata Realty to scale up business in India, overseas

The company attributes a surge in demand from across India’s north, west, south, and east markets to positive consumer sentiment and a compelling business proposition. Tata Realty and Infrastructure, a subsidiary of Tata Sons, is looking to expand its business with over 50 projects across major cities in India, Sri Lanka, and the Maldives. The […]

Laptop, tablet imports surge 42% amid licensing fears

India’s import of personal computers, including laptops and tablets, shot up in September by 42 per cent to $715 million, reversing a year-long downward trend after the government announced it would impose import restrictions on such electronic hardware items in August. The rise in such imports were led by the largest source China (33 per […]

Gandhigiri To Recover Bad Loans

Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay. Remember EMI, the 2008 Hindi film directed by Saurabh Kabra? The Sanjay Dutt-starrer, a social comedy, was all about the recovery of bad loans. Banks, telecom companies and a string […]

European Shares Seen Tad Higher As Bond Yields Dip

European stocks are likely to open on a positive note Friday as Treasury yields held steady after declining Thursday on the back of soft U.S. economic data. The U.S. economic calendar is relatively quiet today, with a report on new residential construction along with remarks by several Fed officials likely to garner investor attention. Closer […]

Fintechs may shift to secure products after RBI order on consumer loans

Fintech companies believe that the impact of Reserve Bank of India’s order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured portfolio. Fintechs which source funds through banks or non-banking finance companies (NBFCs) are looking at quickly building their secured portfolio options […]

European Shares Extend Gains As Inflation Worries Fade

European stocks edged higher on Wednesday as softer inflation data eased worries about the Fed’s rate trajectory and China reported strong industrial output and retail sales data for October. U.K. stocks were outperforming after official data showed U.K. consumer price inflation eased sharply to a two-year low in October. Consumer prices grew 4.6 percent year-on-year […]

Healthy prospects ahead for Hindalco; analysts positive on the stock

Strong performance by its US subsidiary Novelis and better returns in the copper business helped Hindalco Industries post consolidated revenue growth of 2 per cent quarter-on-quarter (Q-o-Q) to Rs 54,100 crore in the July-September quarter of 2023-23 (Q2FY24). Novelis’ Flat Rolled Products (FRP) volumes grew 6 per cent Q-o-Q to 933,000 tonnes (down 5.2 per […]