BUSINESS
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.
Pakistan Stock Market Achieves Record High
According to Arif Habib Limited (AHL), the KSE-100 index not only crossed the 55,000 level but also set an all-time high in trading.
Bank of Baroda Highlights: India Inc's Investment Activity Confined to Specific Pockets
The study notes that bond issuances or borrowings from banks by large corporations seem to be restrained.
Axis Securities Predicts Indian Equities Could Provide Double-Digit Returns in 2-3 Years
Even in the midst of global volatility, India stands out as a favorable ground for growth, acting as a significant driving force for the country's equities in the coming years.
Unyielding FPI Selling: September Initiation, No Shift in Trend as November Progresses
Interestingly, FPIs maintain a selling stance in financials despite robust Q2 results and promising future prospects. Amidst this uncertain climate, FPIs are opting for the security of risk-free US bond yields, with the 10-year yielding approximately 4.64 percent.
Conflict of Interest? Warren Buffett's Personal Stock Moves Aligned with Berkshire's, Claims ProPublica Probe
According to ProPublica's findings, Buffett engaged in stock trades in his personal account on at least three occasions, aligning with transactions made by his company, Berkshire Hathaway. This revelation raises eyebrows, as Buffett has consistently emphasized the avoidance of such practices due to potential conflicts of interest.
Dhanteras Witnesses Robust Demand for Gold and Silver Ornaments; Traders Anticipate Sales to Surpass Last Year's Levels
The softening of gold prices has instilled confidence among traders, who are optimistic about surpassing last year's sales figures.
Byju's Resolves Dispute with Davidson Kempner as Ranjan Pai of Manipal Acquires Debt
Ranjan Pai will collaborate with Byju’s in steering Aakash Education Services forward.
Nifty Registers a 9.4% Growth in Samvat 2079
"As we get into Samvat 2080, we believe markets would continue its outperformance on the back of strong earnings and a healthy economic outlook," he said.
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