[ad_1] New York: Wall Street shares fell mostly on Tuesday as markets await a key federal Reserve Decided and digested another report showing increased inflation. Major indices opened with marginal gains but weakened thereafter as investors considered the possibility that irrigated The Telegraph will announce a 0.75-cent-point interest rate hike on Wednesday instead of a 0.5-cent-point hike. The futures markets are currently betting on big gains. “It looks like it’s going to be up 75 basis points,” said Quincy Crosby, chief equity strategist at LPL Financial. “We haven’t seen any…
Tag: hike
Cigarette companies: promise to hike prices with higher volumes remains intact
[ad_1] Along with the three major cigarette makers, cigarette companies’ shares have risen over the past month. ITCgodfrey PHILIPS And VST Industries going to record highs. Helped by favorable taxation and increased cost of competing tobacco products, all three stocks have posted strong returns over the past year, outperforming the benchmark Sensex. Unlike previous years, the central government has not increased the excise duty on cigarettes in this fiscal year’s budget, though states have separately raised value-added tax (VAT). Whereas in northern states like Rajasthan there has been a considerable…
RBI: Nifty earnings have weathered the global storm so far, but can RBI rate hike derail the story?
[ad_1] NEW DELHI: When it comes to earnings, Indian corporates have shown their potential in the last quarter, up nearly 14 per cent year-on-year despite the prolonged war in Ukraine, rising commodity prices and global supply disruptions. registered growth. topline growth nifty The level excluding financials was 9.8 percent quarter-on-quarter and 24 percent on an annualized basis, Said in a recent note. The brokerage said the bottom line grew at a decent rate of 14 per cent year-on-year. The strong performance amid global adverse conditions came on the back of…
RBI policy rate hike: RBI’s decision to hike policy rate to help economy in medium term, says Assocham
[ad_1] industry body Assocham said on thursday Reserve BankThe decision to increase the benchmark lending rate by 50 basis points to 4.9 per cent will help the Indian economy in the medium term. The central bank on Wednesday hiked the repo rate for the second time in five weeks. Earlier, it had increased the short-term lending rate by 40 basis points (bps) on May 4. Assocham President Sumant Sinha said through a clearly coordinated approach between the two countries reserve Bank of India And Finance MinistryThe Indian government and monetary…
Sharp hike in prices hit rural demand
[ad_1] The sharp rise in prices of consumer staples has resulted in a sharp decline in consumption in the country’s rural markets. The year-on-year decline of 5.3% in the January-March quarter is the biggest slowdown seen in the last three quarters. Nielsen data shows that rural markets saw higher price growth in the January-March quarter at 11.9 per cent year-on-year compared to 8.8% for urban areas. While the decline in consumption is evident in towns and regions, the decline is more pronounced in rural markets. The southern and northern regions…
Use loudspeakers to discuss price hike: Aditya MLA asks CM to recite ‘Hanuman Chalisa’ at home
[ad_1] Politics heated up in Maharashtra over the Hanuman Chalisa on Friday when state minister Aaditya Thackeray said loudspeakers should be used to create awareness among people about the reasons for rising prices of essential commodities, while Independent MLA Ravi Rana asked Chief Minister Uddhav Thackeray to read devotional hymns. His residence on Saturday. Subscribe Now: Get Express Premium to Access the Best Election Reporting and Analytics It all started when MNS President Raj Thackeray raised the issue of loudspeakers over mosques. Raj Thackeray has demanded and warned to remove…