- Rate Hike Worries Sap Market Sentiment, Rupee Drops
Rupee dropped to a new record low after the U.S. dollar resumed its advance on the renewed expectations of larger and faster rate hikes. OPEC and allies cut oil production target. Oct 6
- European Markets Rally Falters, Oil Up After OPEC Cuts
European markets rested after the best single day surge in six months. OPEC+ member nations agreed to limit daily production to shore up faltering energy prices. Oct 5
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- LIC Quarterly Net Jumps After Premium Income Soars
The largest insurance company in India sold 60% more policies and total premium income soared 20% from a year ago. Assets under management jumped 7% to 41 lakh crore rupees. LIC
Aug 13 - ONGC Quarterly Net Triples
A 70% surge in crude oil prices lifted the revenues and profit for the state controlled energy company. ONGC
Aug 13
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- Metro Cash & Carry India Struggles to Attract Suitors Despite Lower Valuation
The membership club retailer has struggled to sell its India operations but appears to make a headway after lowering the sale price. Aug 29
- Adani Group Offers to Acquire 26% Stake in NDTV
Adani Group plans to acquire a majority stake in NDTV in a two-step purchase as the highly leveraged conglomerate expands its portfolio of companies. NDTV
Aug 23
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- RBI Lifts Rates by 50 Basis Points, Trims GDP Estimate
The RBI lifted its key lending rate and said high inflation is not expected to decline at least for the next two years. The central bank also lowered its annual GDP estimate and hiked inflation estimate for third quarter. Sep 30
- India's GDP Rebounds 13.5% In Fiscal Q1 2023
Gross domestic product rebound in the fiscal first quarter was strong but missed the mark set by the Reserve Bank of India. Aug 31
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- UK Prime Minister Doubles Down On Unfunded Tax Cuts, Pound Wobbles
The British pound faced more headwinds after the UK Prime Minister doubled down on recently announced unfunded tax cuts. Oct 5
- Eurozone Inflation Accelerates to Record 10% In September
Consumer inflation in the eurozone accelerated for the fifth month in a row and reached 10% for the first time ever in September. Sep 30
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