A  25 per cent year-on-year (Y-o-Y) increase in budget allocation tow­ards the roads sector for FY24 has led to renewed interest among investors. However, a combination of escalating costs for Bharatmala and unseasonal rains to some extent have impacted progress. Bharatmala’s cost has nearly doubled from Rs 5.35 trillion to Rs 10.6 trillion and the finance ministry has asked MoRTH […]

After reporting five consecutive monthly declines in U.S. existing home sales, the National Association of Realtors released a report on Wednesday showing existing home sales unexpectedly rebounded in the month of November. NAR said existing home sales climbed by 0.8 percent to an annual rate of 3.82 million in November after plunging by 4.1 percent to a rate of 3.79 […]

India is expected to be the top recipient of remittances in 2023 as inflows increase 12.4 per cent to $125 billion, said a World Bank report on Tuesday. Mexico will come next by receiving $67 billion and China will follow it at $50 billion. The key drivers for remittance growth in 2023 are a tight labour market in the United […]

After moving mostly higher over the past few sessions, stocks saw some further upside during trading on Tuesday. The major averages recovered from an early pullback and climbed firmly into positive territory as the day progressed. The major averages once again finished the session at their best closing levels in well over a year. The Dow climbed 173.01 points or […]

‘It will dictate the flow of funds into the index. We will maintain caution on mid/smallcaps.’ Retail investors have taken to equity markets like never before, with the dematerialised (demat) account tally hitting the 132 million mark recently. Gurpreet Sidana, CEO, Religare Broking, tells Puneet Wadhwa/Business Standard in an e-mail interview that the successful players going ahead may not be […]

After reaching their best closing levels in well over a year last Friday, stocks may show a lack of direction in early trading on Monday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures down by less than a tenth of a percent. Traders may be reluctant to make […]

In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country’s resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs […]

IBC has been revolutionary in many ways and is a formidable instrument for stress resolution. And despite the room for improvement, the overall effectiveness of IBC in the distress space is unmatched, notes Saloni Kothari. It has been seven years since the Insolvency and Bankruptcy Code (IBC) came in force as a big-ticket reform. While there is scope for improvement, […]

Asian stocks ended mixed on Monday as investors awaited cues from a slew of central bank meetings and key U.S. economic data due later in the week that could dent market hopes for rate cuts next year. After an upbeat nonfarm payrolls report, investors have already scaled back expectations for a March cut by the Federal Reserve. The Fed meets […]