US stocks ended the day higher after swinging between modest gains and losses as mixed economic and earnings reports failed to spark a broad conviction trade. The dollar and bonds also rose. The S&P 500 rose 0.2%, in a session marked volumes holding about 20% below the 30-day average that can exacerbate price swings. Light …
In a move to strengthen the senior management team and better succession planning of private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday asked them to ensure the presence of at least two whole-time directors (WTDs), including the MD & CEO, on their boards. Banks that do …
Capital markets regulator Sebi has amended rules governing portfolio managers, under which they will not be allowed to invest clients’ funds in unrated securities of their related parties or associates. The move is aimed at enhancing prudential norms for investments by portfolio managers, including investments in associates and related parties. Under the notified rules, the …
Latest news today (October 26): Presenting FE’s Breaking News today. We will keep you updated on all major news, views and much more throughout the day. PM Modi inaugurates 37th National Games in Goa Prime Minister Narendra Modi inaugurated the 37th edition of the National Games in Panaji, Goa on Thursday. The Prime Minister reached …
India’s production of petroleum products rose 5.5% on year to 21.5 million tonne in September, according to data from the Petroleum Planning and Analysis Cell. During the first half of the current financial year, production increased by 3.8% to 136.3 million tonne from 131.4 million tonne in the first half of FY23. Of the total …
Qualcomm made some major announcements at this year’s Snapdragon Summit, including the launch of its new Oryon CPU and the Snapdragon 8 Gen 3 mobile platform. The Oryon CPU is Qualcomm’s first custom Arm CPU design, and it squarely targets Intel that has long dominated the desktop CPU market. The Snapdragon 8 Gen 3 mobile …
US stock index futures inched lower on Tuesday as investors assessed results from retailers Walmart and Home Depot, while signs of a slowing global economy continued to keep investors on edge. Walmart Inc rose 3.3% in trading before the bell as the world’s largest retailer forecast a smaller drop in full-year profit than previously projected. …
Qurex, a health-tech platform, claims to be committed to addressing sexual dysfunctions in India. As per the start-up its central objective is to offer medical treatment and solutions to individuals grappling with sexual problems, focusing on three key principles namely authenticity, anonymity and awareness. The platform claims to offer two interactive and animated online courses …
Bank of Baroda share price rose marginally on Monday after the lender reported a massive 79.4 per cent on-year growth in standalone profit at Rs 2,168 crore for the quarter ended June 2022, despite fall in other income and pre-provision operating profit. Net interest income during the quarter under review grew by 12 per cent …
Stocks retreated in Asia on Tuesday after worries about Federal Reserve monetary tightening saddled US shares with their worst drop in two months while boosting bond yields and the dollar. Bourses in Japan, Australia and South Korea were in the red, while S&P 500 and Nasdaq 100 futures stabilized, eking out modest gains, after slumps …