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“While the stress is much lower than what we had envisaged, these numbers will be higher than what we saw last year. It is getting better for us but since there was stock we will see stress in Q3 and Q4,” Sumit Bali, head of retail lending and payments at Axis Bank, said.
US Fed holds rates at zero, projects two hikes by the end of 2023“Progress on vaccinations has reduced the spread of Covid-19 in the United States,” the Federal Open Market Committee said in a statement released Wednesday following the conclusion of its two-day policy meeting.
from Stocks… Read MoreWelspun Enterprises Q4 results: Net profit falls 54% to Rs 41 crThe company had clocked a consolidated net profit of Rs 89.08 crore in the corresponding quarter a year ago, Welspun Enterprises said in a regulatory filing to the BSE.
from Stocks-Markets-Economic Times https://ift.tt/3zxeg… Read MoreMalabar Group's overseas arm lists on Nasdaq Dubai Private MarketWhile, with this registration, shares of Malabar Investments will be not be publicly traded, private trading of the securities will take place through Emirates NBD Securities, said the company, which is among the largest jewe… Read MoreSingapore's Sembcorp to monetise India assets; expand renewable energy capacityLast month, Sembcorp Industries announced a strategic plan to shift its portfolio from conventional energy to renewable energy by quadrupling the green energy capacity to 10 gigawatts (gw) by 2025 from 2.6 gw in 2020. The com… Read MoreSGX Nifty down 20 points; here's what changed for market while you were sleepingAsian stock markets were trading mixed in early trade, as investors stayed on the sidelines ahead of the US Federal Reserve's meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was down by 0.11 per cent.
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