RBI to cut rates in December to 6.25%, say narrow majority of economists: Reuters poll
India's central bank is expected to cut its key policy rate by 0.25% in December to support slowing economic growth. A Reuters poll shows a slim majority of economists predicting the rate cut. Inflation is expected to moderate, providing the Reserve Bank of India room for policy easing. Growth rates are also predicted to slightly decline. Key Points
Economic TimesOil prices rise after US interest rate cut
By Colleen Howe BEIJING (Reuters) -Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but concerns over global demand lingered and capped gains. Brent crude Key Points
ThePrintUS Federal Reserve's rate cut: Rate cut likely, but by how much? Will it be a 25 bps or 50 bps?
The FOMC meeting on September 17-18 is crucial for global markets, with expectations of a potential rate cut. Here's what some of the Economists think. Key Points
Hindustan TimesStocks hold firm as US inflation data keep rate cut hopes alive
By Koh Gui Qing and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose Key Points
ThePrintRBI MPC meet FY25: Repo rate to be same at 6.5%, say brokerages, banks
Foreign brokerages, Goldman Sachs and Morgan Stanley, have stated that the MPC may keep the repo rate on hold in the first half of the fiscal. They have predicted the first rate cut in the July-September quarter. Key Points
Business Today
Small cut in fuel price a big hit to OMC revenue: Analysts
This is the first fuel revision by the OMCs in nearly two years—the last was on April 6, 2022. Despite major volatility in global oil prices due to the Russia-Ukraine war and unrest in West Asia, India pump prices have remained steady. Key Points
Economic TimesStocks at record highs as US data leaves June Fed cut bet intact
By Huw Jones LONDON (Reuters) -Stocks hit new peaks on Friday as mixed U.S. jobs data did little to shake markets' conviction that the Federal Reserve will begin cutting interest rates in June. Key Points
ThePrintChina's central bank cuts benchmark lending rate for the first time since June
The People’s Bank of China cut the five-year loan prime rate (LPR) to 3.95% from 4.2%, while the one-year LPR, which serves as a benchmark for corporate loans, was kept unchanged at 3.45%. Key Points
mintFactbox-Job cuts spill beyond tech sector
(Reuters) - Several U.S. and Canadian companies, mostly in sectors such as technology and media, have kicked of the year with job cuts, as they look to keep a lid on costs in an uncertain economy. Key Points
ThePrintYields, dollar jump on blowout US jobs report, stocks edge up
By Herbert Lash and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -Treasury yields jumped, the dollar surged and global equities edged higher on Friday after a blowout U.S. jobs report scuttled any Key Points
ThePrintDollar mixed after Powell pushes back against March rate cut
By Karen Brettell NEW YORK (Reuters) - The dollar was steady against the euro on Thursday and fell against the yen after Federal Reserve Chair Jerome Powell pushed back against bets of early U.S. rate Key Points
ThePrintYields slide, stocks seesaw as markets mull rate cut outlook
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) - U.S. Treasury yields fell further and a gauge of global equity markets tried to rebound on Thursday as investors took the long view that Key Points
ThePrintWall St inches higher, Treasury yields gain as S&P 500 inches closer to record high
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were lifted by semiconductor shares on Wednesday, and the benchmark Treasury yield continued to climb to a more than one-month high amid cooling Key Points
ThePrintStocks slip, dollar gains on rate outlook jitters
By Alun John and Tom Westbrook LONDON/SINGAPORE (Reuters) - World shares slipped and the dollar and U.S. bond yields rose on Tuesday as hawkish remarks from central bank policymakers in Europe Key Points
ThePrintZack Snyder reveals summer release for R-rated 'Rebel Moon' cut, check details
As excitement grows for the sequel, Rebel Moon: Part Two – The Scargiver, Zack Snyder teases fans with the prospect of an R-rated edition of Rebel Moon. Now, Snyder drops hints about the release timeframe for the director's cut. Key Points
Economic TimesDollar pares gains on soft US inflation data
By Karen Brettell NEW YORK (Reuters) - The dollar index pared gains on Friday after U.S. producer prices unexpectedly fell in December, raising expectations of an early U.S. rate cut. It was higher on Key Points
ThePrintGovt to stick to Rs 33.61 lakh cr tax collection target in revised estimate, no case for fuel tax cut: Off
So far, direct tax collection is up by about 20 per cent and indirect tax is higher by 5 per cent. We have data till the eight months of the fiscal and usually the collections are better in the first half. So, at the moment, we will stick to the Budget numbers in our Revised Estimates (RE), an official said. Key Points
Economic TimesRBI unlikely to cut rates before June: Deutsche Bank
The RBI hiked the repo rate last on February 23, when it was raised to 6.5 per cent. With the RBI continuing to maintain tight liquidity, short-term rates are hovering around 6.85-6.9 per cent, which is 35-40 bps higher than the repo rate. Key Points
Economic TimesRBI MPC Policy: Interest cycle has peaked, RBI unlikely to cut rates before June 2024, says Deutsche Bank
According to the report by Deutsche Bank, the interest rate cycle appears to have peaked and the Reserve Bank of India is unlikely to go for further hikes, unless absolutely necessary. The rate is likely to be cut in June, it said. Key Points
mintTech firms, Wall Street lead job cuts in Corporate America
Economic uncertainties due to a rapid rise in interest rates forced U.S. companies like tech behemoth Amazon.com (AMZN.O) and Wall Street banks including Goldman Sachs (GS.N) to slash thousands of jobs in a quest to rein in costs. Key Points
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RBI to hold rates at 6.50% through mid-2024, cut seen in Q3: Reuters poll
The Reserve Bank of India (RBI) will keep its key interest rate unchanged at 6.50% for a fifth consecutive meeting on Dec. 8 as inflation worries ebb, according to a Reuters poll of economists who unanimously expect the central bank's next move to be a cut. Key Points
ReutersDid Harry Styles get a buzz cut? And twitter is going mad over it
A viral picture of Harry Styles surfaced, revealing a buzz cut, causing panic among fans. The original tweet has disappeared, leaving fans eager for the truth. Key Points
Hindustan TimesSaudi Arabia to continue voluntary one million bpd oil output cut for December
Oil hit a 2023 high in September at near $98 a barrel for Brent crude, although it has since weakened to trade around $85 a barrel on Friday. Concerns about economic growth and demand have weighed on prices, despite support from the conflict in the Middle East. Key Points
Economic TimesSaudi extends 1 million bpd oil output cut: Energy ministry
Saudi Arabia will extend the voluntary cut of one million barrels per day... for another month to include the month of September, the energy ministry said in a statement. Key Points
Economic TimesTesla cuts prices on all models for third time this year
Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates. Key Points
The Tribune India
Saudi Arabia, other OPEC+ producers announce voluntary oil output cuts
The UAE said it would cut production by 144,000 bpd, Kuwait announced a cut of 128,000 bpd while Iraq said it would cut output by 211,000 bpd and Oman announced a cut of 40,000 bpd. Algeria said it would cut its output by 48,000 bpd. Key Points
Economic TimesWheat arrival picks up in Punjab mandis
Punjab's wheat arrival this season is far behind last year's at 15.05 lakh tonnes due to rain, hailstorms and wind damage. The state has so far procured 1.94 lakh tonnes across 1,111 mandis. Arrival is expected to pick up by the end of the week as full-scale harvesting begins. The state government will also own the value cut imposed on damaged wheat crops due to the weather, announced Bhagwant Mann, Punjab's chief minister, via Twitter. The value cut will cost an estimated INR60 crore ($8m) for the 100-120 lakh tonnes of crop expected to reach the mandis. Key Points
Hindustan TimesSaudi Arabia expected to extend voluntary oil cut for September, analysts say
Saudi Arabia is expected to extend its voluntary oil output cut of 1 million barrels per day for an additional month to include September, according to five analysts. The cut aims to provide additional support for the oil market while there is evidence of tightening supplies and economic stimulus in China. Key Points
Economic TimesZee Q4 results: Should you buy, hold or sell after Q4 earnings? Here’s what brokerages say
Continued weakness in ad revenue due to inflationary environment continues to dampen the revenue visibility of the segment. Many brokerages have cut earnings growth estimates after Zee’s weak performance. Key Points
mintIT stocks fall over 5%. What triggered this decline?
The Nifty IT index fell by 2.48% as all 10 constituents saw their stock prices drop following US firm EPAM's guidance cut. The firm cut its CY2023E revenue-growth outlook for the second time on the slowdown in discretionary spending by US companies; declines in shares ranged from 1% to more than 5%. EPAM expects a 2% CC revenue decline at the midpoint of the guided band, as total pipeline has fallen. Kotak Institutional Equities expects IT-company Q4 to be weaker than Q1FY24E, with delays in client decision-making and pullbacks in discretionary spending impacting the sector's growth. Key Points
Economic Times
Unacademy founders and leadership team to take up to 25 per cent pay cut for 1 year, CEO tells employees
Earlier this week, the popular ed-tech startup Unacademy fired hundreds of employees in the fourth round of layoffs. Now, CEO Gaurav Munjal has announced that founders and leadership will take a permanent salary cut. Key Points
India TodayDollar edges up as March Fed cut bets unwind, sterling trims losses after BoE
By Alun John and Samuel Indyk LONDON (Reuters) -The dollar rose slightly on Thursday after Federal Reserve Chair Jerome Powell pushed back against bets of early U.S. rate cuts, while sterling cut Key Points
ThePrintUS Federal Reserve holds key rate steady as Powell says March cut unlikely
The US Federal Reserve has decided to maintain its key interest rate, signaling a shift in their approach. Fed Chair Jerome Powell stated that a rate cut in March is unlikely, but potential reductions may occur later in the year. The decision comes as the Fed seeks more assurance of inflation decline before taking action. The anticipation of rate cuts has led to mixed reactions in the financial markets. Key Points
Times Of IndiaDollar rallies to one-month high as Fed cut outlook dims
By Chuck Mikolajczak NEW YORK (Reuters) - The dollar jumped in a volatile session on Tuesday as investors dialed back expectations for a March rate cut from the U.S. Federal Reserve, fueled in part by Key Points
ThePrintRajat Bedi says his parts were cut in Koi Mil Gaya, recalls his 'disappointment'
Rajat Bedi has revealed that he had a lot of scenes in Hrithik Roshan-starrer Koi Mil Gaya. He added that these were edited out of the final cut of the movie. | Bollywood Key Points
Hindustan Times
Stocks decline and dollar rebounds as Fed readies rate cuts
By Lawrence Delevingne (Reuters) -Stocks fell and the dollar gained on Thursday as traders digested fresh economic data and awaited confirmation from the U.S. Federal Reserve on Friday that it will Key Points
ThePrintRBI MPC: Experts decode policy impact on stock markets. Here's what they said
The policy was on expected lines and turned out to be a non-event for the markets barring the realty sector with stocks gaining up to 7%. Following the policy experts came out with their views on the policy and its impact on equity and bond markets. Key Points
Economic TimesRBI unlikely to cut rates until mid-2024 amid inflation jump, traders say
Indian investors have postponed rate cut expectations until the middle of 2024 due to a sustained rise in inflation rates. Madhavi Arora, lead economist at Emkay Global, noted that markets are expecting inflation to exceed 6% in July, prompting a repricing in rate cut expectations. Key Points
Economic TimesOil prices settle $1 up on hopes of a US Fed rate cut next month
By Nicole Jao (Reuters) -Oil prices settled up more than 1% on Thursday, as expectations for a U.S. interest rate cut in a few weeks fueled a rebound after four days of price declines. Brent crude Key Points
ThePrintAsia stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagers
By Ankur Banerjee SINGAPORE (Reuters) - Asian shares started the week on a subdued note on Monday, while the dollar firmed as investors weighed when the U.S. Federal Reserve will start cutting rates Key Points
ThePrint
RBI likely to hold rates steady until at least July: Poll
India's economy grew a stellar 8.4% in the fourth quarter of 2023, the fastest among major economies. Inflation, which is still close to the upper band of the central bank's 2%-6% target, does not hint at an imminent rate cut. Key Points
Economic TimesUS Fed Reserve keeps interest rates unchanged for fourth time in a row
The Fed confirmed in a statement that it was holding its benchmark lending rate steady at its 23-year high, between 5.25 and 5.50 percent. | World News Key Points
Hindustan TimesWall St ends higher, Treasury yields climb as robust data bolster soft landing bets
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied on Thursday as robust labor market data offered the latest evidence of U.S. economic strength despite the fact that it could prompt the Federal Key Points
ThePrint'End of an era': Google employee who got laid off after 19 years of service
Last January, the tech giant cut its workforce by 12,000 people. A Google software engineer, who has been with the company for nearly two decades, has been laid... Key Points
The Tribune IndiaStocks edge up, 10-year Treasury yield falls as rate cut timing weighed
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global equities rose on Wednesday following consecutive declines to start the week, while longer-dated U.S. Treasury yields fell after economic Key Points
ThePrintStocks, US yields fall as investors gauge economic sturdiness
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks was poised for a second straight decline and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path Key Points
ThePrintStocks, US yields fall as investors gauge economic health
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path of Key Points
ThePrintStocks, US yields dip as investors weigh economic strength
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was on track for a second straight decline and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path Key Points
ThePrintThese smartphones received a price cut. Check the list
Several mid-range Android phones from Chinese manufacturers, including OnePlus, Xiaomi, and Motorola, have recently received price cuts. Below is a list of five smartphones from these companies that have become more affordable. Key Points
mintFed rate cut positive, but may not have big impact on capital inflows: Top FinMin officials
Economic affairs secretary Ajay Seth sought to delink the Fed rate cut from any potential action by the Reserve Bank of India (RBI). The Fed has done what it feels to be the best for the US economy and the RBI will be guided more by the domestic reality, Seth said. Separately, chief economic adviser V Anantha Nageswaran said at an event that much of the Fed action was factored in by investors and its impact on India could be more muted than on other emerging economies, as the domestic market has already been generating a lot of investor interest. Key Points
Economic Times
Forced to cut food aid to millions globally because of a funding crisis: UN
The United Nations' World Food Program (WFP) has cut food, cash payments and assistance to millions of people in many countries due to a significant funding crisis. The organization has seen donations drop by around 50%, while humanitarian needs due to COVID-19 and conflict rise. The WFP's operating requirement is $20 billion, but it is only aiming for between $10 billion and $14 billion. Key Points
Economic TimesOne Last Time: Is RBI MPC setting the stage for rate cuts soon?
RBI MPC October Meeting: The Reserve Bank of India shifts to a neutral stance while maintaining the repo rate at 6.5%. Experts anticipate a possible rate cut in December. The focus remains on controlling inflation and supporting growth amidst resilient economic conditions. Key decisions also include updates on GDP, inflation, and financial regulations. Key Points
Economic Timescut marks on 4,000-yr-old skulls show ancient Egyptians tried to treat cancer
The cut marks reveal the extent of traumatological and oncological treatments practised by ancient Egyptians. Ancient Egyptians attempted to operate on... Key Points
The Tribune IndiaIf you don't get any rate cut this Friday from Shaktikanta Das & Co, blame it on the weather
The Reserve Bank of India will likely keep its benchmark repurchase rate at 6.5% for a seventh straight policy meeting. Key Points
Business TodayNo hurry to cut interest rates, US Fed Chair indicates
New York [US], March 30 (ANI): The US Federal Reserve on Friday indicated that it was not in any hurry to cut interest rates. In his address at an event hosted by the San Francisco Fed on Friday, US Fed Chair Jerome Powell said “We don’t need to be in a hurry to cut.” Show […] Key Points
ThePrintStocks hemmed in by rate risks; yuan wobbles
By Tom Westbrook SINGAPORE (Reuters) - Asian equities climbed on Tuesday but could not break this month's highs as mixed messages from U.S. Federal Reserve policymakers left doubts hanging over the Key Points
ThePrintGold backs off two-week highs on US rate cut concerns
By Sherin Elizabeth Varghese (Reuters) - Gold prices eased on Monday, hovering below the over two-week peak hit in the previous session, as fading odds of an early U.S. interest rate cut weighed on Key Points
ThePrintUS dollar up slightly after GDP data; euro falls after ECB, Lagarde comments
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar edged higher on Thursday after data showed the world's largest economy grew at a faster pace than expected in the fourth quarter, Key Points
ThePrintWall St advances, Treasury yields climb as robust data boosts soft landing bets
By Stephen Culp NEW YORK (Reuters) -U.S. stocks gained ground on Thursday and benchmark Treasury yields moved higher after robust U.S. labor market data weakened bets that the Federal Reserve would Key Points
ThePrintStocks slide, dollar gains on rates outlook jitters
By Tom Westbrook SINGAPORE (Reuters) - Asian shares dropped to a one-month low, U.S. stock futures fell and the dollar rose on Tuesday as hawkish remarks from central bankers tempered expectations for Key Points
ThePrintDollar steady as markets assess higher-than-expected US CPI
By Brigid Riley TOKYO (Reuters) - The dollar held steady against peer currencies on Friday, as investors weighed higher-than-expected U.S. consumer price inflation against market bets that the Federal Key Points
ThePrint