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1 min read

Bajaj Finserv Q3 profit rises 22% to ₹2,158 crore

Bajaj Finserv on Tuesday reported a 22 per cent increase in consolidated net profit to Rs 2,158 cro…

PTI   


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3 mins read

Stock market today: Indexes mixed after Fed meeting as Powell calms nerves over possible hike

The Federal Reserve's next policy move is "unlikely" to be a rate hike, Chairman Jerome Powell said…

Jennifer Sor   


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2 mins read

Dedollarization of global FX reserves? Not so fast, Allianz says

Efforts to challenge the dollar's dominance may be in the spotlight of late – but the greenback's s…

Joseph Wilkins   


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2 mins read

So what if mortgage rates have topped 7%, the US housing crash is pretty much over, Allianz says

House prices are beginning to rise again and homebuilding confidence is back - signaling the downtu…

Joseph Wilkins   


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2 mins read

Entero Healthcare Solutions slips below issue price on debut day

The stock of Entero Healthcare Solutions fell 4% below its issue price, as it debuted on the exchan…

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2 mins read

Jyoti CNC Automation IPO subscribed 3.9x on day 2

The ₹1,000 crore initial public offer (IPO) of Jyoti CNC Automation was subscribed 2.5 times the sh…

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4 mins read

All in a year: Equity market investors turn richer by Rs 80.62 lakh crore in 2023

In a memorable year for the equity market, Dalal Street investors added a whopping Rs 80.62 lakh c…

PTI   


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1 min read

The SEC just charged a US subsidiary of investment giant Allianz in a multibillion dollar fraud scheme that targeted pensions and other investors

The Justice Department brought charges against Allianz Global Investors US for the March 2020 schem…

Brian Evans   


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1 min read

The Treasury bond market is headed for an unknown destination as it sheds key anchors, Mohamed El-Erian says

"The US bond market is losing its strategic footing, whether in economics, policy, or technical asp…

Filip De Mott   


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1 min read

Treasury yields spike as markets worry about the impact of sticky inflation on Fed policy

Treasury yields have seen wild swings in recent weeks, with the 10-year touching 16-year highs last…

Phil Rosen   


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1 min read

Stocks and bonds are in for a 'painful' journey and cash is safer, according to top economist Mohamed El-Erian

El-Erian said recently that the odds of the US avoiding a recession have come down amid high intere…

Jennifer Sor   


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2 mins read

US stocks rise as bond yields pull back from 16-year highs

The trading session moved into the green after ADP reported a softer-than-expected reading for priv…

Phil Rosen   


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2 mins read

US commercial-property concerns keep mounting - experts warn of 'massive' debt refinancing risk and an economic 'doom loop'

Economist Mohamed El-Erian has warned the commercial-property sector is facing "massive" debt refin…

Zahra Tayeb   


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3 mins read

Life insurers stare at 10-12% hit on top-line as Budget taxes higher premium products

The Budget has left the life insurance industry a worried lot with the new tax proposal on higher p…

PTI   


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1 min read

US stocks fall as Fed signals another rate hike this year and fewer cuts next year

The Federal Reserve kept interest rates steady on Wednesday's FOMC meeting, but signaled one more h…

Filip De Mott   


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1 min read

Bajaj Finserv posts 42% growth in Q3 net profit to ₹1,782 crore

The company's total income was ₹21,755 crore for reviewed the quarter, against ₹17,620 crore in the…

ANI   


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Top economist Mohamed El-Erian warns of commercial real-estate pain as 'massive' refinancing looms

The commercial-property sector faces "massive" debt refinancing needs, and some of that won't be do…

Zahra Tayeb   


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2 mins read

Brace for the US economy to crash-land as the banking turmoil creates a credit crunch, Allianz says

"Rapidly tightening credit conditions, exacerbated by the banking crisis" will drag the US economy …

George Glover   


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The Fed may have destroyed the housing market by crushing both supply and demand, top economist Mohamed El-Erian says

"When you go from record-low mortgage rates to levels that we haven't seen for almost 20 years, you…

Jennifer Sor   


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The Fed is done hiking rates – and could even cut early next year, Fundstrat's Tom Lee and Mohamed El-Erian say

"The Fed doesn't want to tighten rates, but if inflation is falling, they have to cut rates otherwi…

Zahra Tayeb