Check out the companies making headlines before the bell. Crypto stocks — Stocks tied to the price of bitcoin slid after the cryptocurrency dropped 5% to its lowest level since February , with the now defunct Mt. Gox exchange beginning repayments to creditors, as expected . Coinbase and MicroStrategy each lost 5% in premarket trading….
The survey provides valuable input for monetary policy formulation, says the RBI. The RBI has been conducting the order books, inventories and capacity utilisation survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The Reserve Bank of India (RBI) on Friday announced the launch of quarterly “order books, inventories and capacity utilisation”…
Keir Starmer, leader of Britain’s Labour party, reacts as he speaks at a reception to celebrate his win in the election, at Tate Modern, in London, Britain, July 5, 2024. (Reuters) UK Elections 2024: Experts say the new British government’s stance on visa rules, the India-UK FTA, and carbon tax policies should be watched closely….
The cost of the veg thali increased due to a surge of 30 per cent, 46 per cent and 59 per cent on-year in prices of tomato, onion and potato, respectively. The cost of a vegetable thali, which comprises roti, vegetables (onions, tomatoes and potatoes), rice, dal, curd and salad, increased to Rs 29.4 per…
The BSE Sensex leapfrogged from 70,000 to 80,000 in a timeframe of less than 7 months. Considering the 16 per cent historical CAGR record of India’s headline equity index, Sensex can hit the milestone of 1 lakh mark as soon as December 2025. Considering the base value of Sensex at 100 in April 1979, the…
In a significant uptick reflecting growing consumer confidence and economic resilience, housing sales in India’s top 30 Tier II cities rose 11 per cent to nearly 2.08 lakh units in the financial year 2023-24, according to data analytics firm PropEquity. The increase in sales underscores a robust demand for residential properties driven by multiple factors…
The Union Budget is likely to decriminalise provisions in as many as five Acts administered by the Reserve Bank of India (RBI). It is for the first time that Acts under the central bank are being discussed for decriminalisation, a government official told Moneycontrol on July 4. “The inter-ministerial committee has reviewed the Acts. Nineteen…
Bitcoin experienced a significant drop, hitting a four-month low of $55,366 on Friday. The cryptocurrency faced its worst weekly performance in a year due to uncertainties surrounding Joe Biden’s potential continuation as the Democrats’ US presidential candidate and concerns about potential increases in crypto supply. On Friday, Bitcoin prices fell by 5 per cent, reaching…
Stocks To Watch On July 5: Domestic markets traded within a narrow range and ended nearly unchanged on Thursday, pausing after Wednesday’s gains. In today’s trade, shares of HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy’s, Lloyds Metals among others will be in focus due to various news developments and first-quarter updates. HDFC Bank:…
Real Estate Wishlist for Budget 2024 Anticipations range from reductions in GST rates to enhanced reductions in home loan interest rates, streamlined single-window clearance systems The Indian real estate industry has experienced significant growth in recent quarters. With Budget 2024 on the horizon, there is a sense of optimism and anticipation for possible reforms. Through…
