Business

September 22, 2023 1:45 PM

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JP Morgan Chase and Company to add Indian government bonds to market bond index

JP Morgan Chase and Company (JPM) has confirmed that it will add Indian government bonds to its benchmark emerging markets bond index starting from 28th June 2024. It is a significant move that will encourage more foreign investment in the domestic debt market. JPM said that 23 Indian Government Bon...

September 22, 2023 7:44 AM

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RBI proposes changes in instructions dealing wilful defaulters

Reserve Bank of India has proposed changes in the instructions dealing wilful defaulters. In a press release, the RBI said, wilful defaulters must be defined as someone who has an outstanding amount of 25 lakh rupees and above and those who refuse to repay their loans despite having the capacity to ...

September 21, 2023 6:14 PM

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Gold price falls Rs 544, to trade at Rs 58,861/ ten grams

Gold was trading down today at Multi Commodity Exchange for October contracts. The precious fell 544 rupees, to trade at 58,861 rupees per ten grams. Silver futures for December also slipped 843 rupees, to trade at 72,387 rupees per kilo when reports last came in.   In the global markets, gold ...

September 21, 2023 5:23 PM

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Crude oil prices slip to 92 per barrel as Fed pauses on hikes again

Crude oil prices slip to $92 per barrel as Fed pauses on hikes again. The US Fed held interest rates steady today while indicating one more hike before the end of 2023 and fewer rate cuts in the next year.   In intra-day trade, Brent crude was trading down by 1 dollar at 92 dollars and 53 cents...

September 21, 2023 5:18 PM

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U.S. stock index futures decline as Treasury yields jump after Fed hints hike

U.S. stock index futures declined as growth stocks took a hit from a jump in Treasury yields after the Federal Reserve held interest rates steady while hinting at another hike this year.     The Nasdaq Composite index slumped 1.5 percent, the S&P 500 slipped 0.9 percent and the Dow Jon...

September 20, 2023 5:09 PM

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Rupee closes at 83.07 against US dollar

The Rupee, hovering near a record low, is expected to remain under pressure amid focus on crude oil prices and the U.S. Federal Reserve's policy decision.   In the forex market, the rupee today closed 20 paise lower at 83 rupees and 07 paise against the US dollar.     The do...