Telecom industry revenue is expected to climb 16-17% year on year in the March quarter of FY25, which might boost the performance of big private carriers Reliance Jio and Bharti Airtel, while Vodafone Idea (Vi) is expected to have fewer subscriber losses in Q4FY25. Both firms are likely to post significant subscriber growth now that…
While Wall Street futures firmed on optimism that the results of AI diva Nvidia this week would justify the tech sector’s sky-high valuations, European equities, and the euro rose Monday as Germany’s election yielded no unpleasant shocks. While the single currency increased 0.5% to $1.0516 and appeared poised to hit its January peak of $0.10535,…
With markets forecasting the end of an era of restrained fiscal policy, Germany’s most consequential election in years sets the stage for a shift toward more expenditure. Following Germany’s conservative opposition leader Friedrich Merz’s resounding victory in Sunday’s federal election, the euro increased by 0.7% in Asian trade, as anticipated. Bond futures declined slightly, while…
In recent days, the United States’ gold reserves—particularly the Fort Knox stockpile—have drawn a lot of attention. Treasury Secretary Scott Bessent rejected revaluing the gold holdings to market values. However, one analyst stated that it would be optimistic for prices, which have already been rising sharply. According to a Wall Street expert, revaluing US gold…
Financial experts believe that the globalization of the animal spirits that propelled the US stock market over the last two years may only be beginning. Since US President Donald Trump took office, the S&P 500 Index has stagnated after rising more than 50% in 2023 and 2024. Despite the risks of tariffs, trade wars, and…
Futures for US stocks increased slightly. Following a week in which the major indexes saw a decline, the Dow had its worst weekly performance since October on Sunday night, raising concerns about a potential drop in reaction to record-high levels. Futures on the Nasdaq (NQ=F) recovered by around 0.5%. Futures linked to the Dow Jones…
Despite Australia’s central bank sounding hawkish about potential rate cuts, concerns about a global trade war somewhat subsided on Friday, and the Australian and New Zealand dollars remained close to two-month highs. Governor Michele Bullock has stated that cuts are not a given, indicating that the Reserve Bank of Australia is not in a rush…
The Dow Jones Average and the S&P Index declined 0.7% and 0.8%, respectively. The tech-dominated Nasdaq Composite Index fell 0.9%. Jerome Powell doubted how well the present interest rates would handle the inflationary pressures the US central bank faced to meet its 2% inflation objective. US Stock Market: Treasury rates rose, and specific international markets…
Following its statements about investing in the planned rights issue of Mahindra & Mahindra Financial Services Limited and Mahindra Lifespace Developers Limited, the share price of Mahindra & Mahindra fell more than 6% in early trading on Friday. Mahindra & Mahindra Share Price Movement: After a one-day break, the Mahindra & Mahindra share price dropped…
Following Morgan Stanley’s positive outlook, highlighting significant market share increases and renewable energy’s rise, JSW Energy jumps 4.8%. Investor opinion is still optimistic about long-term prospects despite the Q3 earnings dip. JSW Energy Q3 Earnings: On February 21, JSW Energy’s stock surged 4.8% during intraday trading, peaking at Rs 490.95 on the BSE. Morgan Stanley…