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Russia is eyeing big tax hikes after this month's election to pay for the war in Ukraine

Putin is widely expected to coast to reelection, after which Bloomberg reported that the country co…

Yuheng Zhan   


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Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%

Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out o…

PTI   


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Milk prices hiked in Kerala by Rs 6 per litre

The Kerala Co-operative Milk Marketing Federation, or Milma, on Thursday announced its decision to …

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Rupee recovers sharply by 10 paise as rate hike fears ease

The rupee recovered from all-time lows to close at 83.30 against the US dollar on Thursday, gaining…

PTI   


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RBI hikes GDP growth projection for FY24 to 7.3%, keeps rates, stance unchanged

The Reserve Bank of India (RBI)’s rate setting panel – the Monetary Policy Committee – has decided …

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4 mins read

Foreign investors dump Indian equities on rising fears of more rate hikes by central banks

Indian stocks have outperformed several other emerging markets since March this year, as foreign po…

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Gold prices hit life-time high amid looming recession & hope that Fed will slow its rate hikes

Gold is always seen not just as a good hedge against inflation but also a safe haven against numero…

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Millionaire hedge fund CEO says he mainly hires people with no background in finance and once hiked a worker's pay so he could call him at 1 a.m.

Peter Brown, CEO of Renaissance Technologies, said during a podcast discussion that his approach w…

Beatrice Nolan   


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Shakti’s Gati on interest rate hikes to continue

Experts expect the RBI to deliver a couple of more 50 bps rate hikes during the course of this fisc…

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A good season ahead for cement companies with price hikes

The Indian cement sector saw good growth in demand and profitability in the first half of the year.…

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CHART OF THE DAY: A sign the Fed's rate hikes are finally over

"If financial conditions, which have tightened considerably in the past 90 days, remain tight, the …

Matthew Fox   


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D-Street debuts rake in $1.77 bn in Q3; momentum to continue till general elections

The buzzing Indian initial public offer (IPO) market is the best globally, says a report by Ernst &…

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Fed rate hikes have made borrowing greenbacks costlier and pushed more firms to de-dollarize, think tank says

Global firms had to find cheaper alternatives to dollar debt as the Fed raised interest rates, the …

Filip De Mott   


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US stocks jump as bond yields plunge on bets that the Fed has finished hiking

The 10-year Treasury yield tumbled as much as 16 basis points to 4.62% Thursday morning, as investo…

Filip De Mott   


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Cathie Wood says the Fed's rate hikes hit Ark's strategy like an 'earthquake' as the fund logs a $2 billion loss

Cathie Wood revealed that her flagship fund logged over a $2 billion loss from selling stocks durin…

Zahra Tayeb   


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Kavin Mittal’s Hike bags another funding to experiment with gaming, crypto

Messaging platform and super app Hike, which shut down its core operations in January this year, ha…

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3 mins read

A major hedge fund in China that cut its domestic stock exposure to zero expects returns to be worse than in 2008

Shanghai Banxia said COVID, Ukraine, and Federal Reserve rate hikes would make this year harder for…

Hamza Fareed Malik   


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As flows into equities rise, small-cap funds outform the broader market in July

As the Indian equity markets scale new heights every other day this month, driven by robust foreign…

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Interim Budget hikes outlay on big infra projects to Rs 11.1 lakh crore, cuts fiscal deficit to 5.1% of GDP

Finance Minister Nirmala Sitharaman decided to stick to the path of fiscal consolidation path as sh…

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Sensex, Nifty continue sliding as US Fed sounds a hawkish tone and foreign fund outflows continue

Equity benchmark indices, the Nifty and the Sensex, declined in morning trade on Thursday, falling …