BUSINESS
October Sees Retail Inflation Hit 5-Month Low at 4.87%
Food inflation, constituting nearly half of the overall consumer price index (CPI), was at 6.71% in October, compared to 6.56% in September.
Huge outperformance of mid & small-cap indices unlikely to continue, say analysts
Large-caps are fairly valued and, more important, safe now. Leading financials have the potential to outperform.
Avaya CEO Alan Masarek Highlights India as Vital Growth Engine Globally
Avaya disclosed a notable surge in the adoption of its solutions in India, particularly within enterprises seeking to integrate artificial intelligence into their customer experience frameworks.
Gautam Singhania, Raymond's Chairman, Announces Separation from Wife Nawaz Modi Singhania
The details and reasons behind the separation were not provided in the statement. The announcement signals a personal development for the couple, and further details may or may not be disclosed in the future, depending on their discretion.
Centre Contemplates Reducing EV Tariff to Attract Tesla : Report
As Tesla explores the possibility of establishing a manufacturing plant in the country, the company has sought an initial tariff concession.
Goldman Sachs Boosts India Stocks, Downgrades Rating on China's
The investment bank's upgrade takes into consideration India's large domestic market, which remains robust even in the face of a global economic slowdown.
Delhi Diwali Spirits Soar, Liquor Sales Surge by 37%
Last year, a substantial 2.26 crore bottles were sold in the fortnight preceding Diwali, but this year witnessed an even more impressive figure of 2.58 crore bottles in the last 15 days.
Investment Pivot: FPIs Exit Stock Markets, Ramping Up in Debt Instruments
FPIs had withdrawn a whopping Rs 24,548 crore from Indian equities during October which resulted in the stock markets turning volatile. The exit of foreign funds was triggered by a sharp rise in US bond yields and the geopolitical uncertainty created by the Israel-Hamas war.
US Inches Closer to Losing Last AAA Credit Rating
The prospect of a U.S. credit downgrade could have significant repercussions, affecting Americans' investment portfolios, increasing borrowing costs, and making it more expensive for the government to manage its debts.
BSE Records Fourfold Surge in Q2 Net Profit
The stock exchange's revenue also recorded a robust growth of 53%, reaching a record Rs 367 crore in the second quarter of this year, compared to Rs 240 crore in the corresponding period of the previous financial year, as per a statement from BSE.
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