Bharti Airtel has quietly narrowed its adjusted gross revenue (AGR) market share gap with Reliance Jio, the country’s largest player in the game, in the last three years. Despite Jio’s aggressive entry into 4G and now into 5G, Airtel’s gap with Jio, which was 6.4 percentage points in Q1 of FY21 and went up to 7.2 percentage  points in Q1 […]

Swift gains on Dalal Street this year have also led to a sharp surge in shares of equity market intermediaries like depositories, exchanges, and registrar and transfer Agents (RTAs). The stock prices of BSE, CDSL, CAMS, and KFin Technologies are up 24-283 per cent so far in 2023 when compared to a 9 per cent rise in the benchmark Nifty […]

Germany’s economy contracted slightly, as initially estimated, in the third quarter with the household consumption that used to be the pillar of growth, acting as a drag. Confirming the initial figures, detailed data from the statistical office Destatis showed on Friday that gross domestic product shrank 0.1 percent quarterly. Economic performance was virtually stagnant in the first two quarters of […]

Sweden’s central bank unexpectedly paused its monetary policy tightening but expressed willingness to raise the interest rate further if the inflation outlook deteriorate. The executive board of Riksbank decided to leave the policy rate unchanged at 4.00 percent, confounding expectations for an increase of 25 basis points. The bank had started the latest tightening cycle in May 2022, when the […]

Led by a $6.5 billion surge in personal net worth on Tuesday, Gautam Adani, chairman of the Adani Group, is back in the top 20 of the world’s richest list and is now ranked 19th globally. Adani is also now India’s second richest with a net worth of $66.7 billion as of Tuesday, per the Bloomberg Rich List, while Mukesh […]

Despite the broadly positive cues from Wall Street overnight, Asian stock markets are trading mostly lower on Thursday, dragged down by weakness in energy and mining stocks across the region due to tumbling commodity prices amid persisting worries about global economic slowdown. Asian Markets closed mixed on Wednesday. The Australian market is notably lower on Thursday, extending the slight losses […]

The not-so-dovish tone reflected in the minutes of the recent FOMC swayed market mood. The minutes portended a longer than expected period of high interest rates as the Fed appeared to be in no mood to oblige with immediate rate cuts. Trading was also subdued ahead of the Thanksgiving holiday in the U.S. Wall Street Futures reflect mild gains. European […]

In a major breakthrough in the nearly seven weeks old bloody conflict in the Middle East, Israel and Hamas have reached a deal that will allow the release of 50 hostages held in Gaza, and 150 Palestinian women and teenagers held in Israeli jails. Both the parties have agreed to stop fighting for four days to implement the deal, brokered […]

Asian stocks traded mostly lower on Wednesday as investors reacted to the hawkish FOMC minutes and Nvidia’s earnings results released after the U.S. closing bell. The U.S. chip giant posted better-than-expected fiscal third-quarter results, but warned export restrictions on China would weigh on its fiscal fourth quarter. The dollar index held around 2-1/2-month lows and gold held below the key […]

Market sentiment remains largely swayed by monetary policy anxiety, ahead of the release of the FOMC minutes. Growing assessment that the Fed and major central banks are done with hiking rates supported sentiment. Wall Street Futures reflect cautious sentiment. European benchmarks are mostly trading lower. Asian stocks finished trading on a mostly negative note. Dollar extended decline. Bond yields mostly […]