India’s Economy to Grow 6.5% in 2024: UNCTAD Report Highlights Multinationals’ Impact

India’s economy is set to expand by 6.5% in 2024, maintaining its position as the world’s fastest-growing major economy. The UNCTAD report released on Tuesday highlights India’s growth trajectory, noting that the country’s GDP grew by 6.7% in 2023. The report underscores the positive impact of multinationals expanding their manufacturing operations in India to diversify … Read more

Federal Reserve Favors Halving Monthly Asset Runoff Pace

According to the minutes from the latest Federal Open Market Committee (FOMC) meeting held on March 19-20, Federal Reserve policymakers expressed a general preference for reducing the rate at which they’re shrinking the central bank’s asset portfolio by approximately half. Additionally, the meeting record indicated that “almost all” officials agreed it would be suitable to … Read more

Anticipated Drop in India’s 10-Year Bond Yield to 6.50-6.75% in H2 Driven by FPI Demand and Policy Rate Cuts

Projections suggest a potential easing trend in India’s 10-year bond yield, ranging between 6.50-6.75% by the second half of the fiscal year. This anticipation stems from the expected initiation of policy rate cuts by major central banks worldwide, including the Reserve Bank of India (RBI). Combined with a lower-than-anticipated supply, Indian bond yields are poised … Read more

US and Japan to Strengthen Cooperation in AI and Semiconductors

The United States and Japan are poised to announce a deepened collaboration in artificial intelligence (AI) and semiconductor technologies, as per a recent report. This move comes amidst the US’s proactive efforts to block the shipment of advanced AI chips to China, aiming to prevent Beijing’s access to cutting-edge US technology. The announcement of closer … Read more

US Tightens Restrictions on Exporting AI Chips and Tools to China

The United States tightens restrictions on exporting AI chips and tools to China The Commerce Department, responsible for export controls, has announced its intention to regularly update restrictions on technology exports to China. The Biden administration recently revised regulations to make it more challenging for China to acquire US artificial intelligence (AI) chips and chipmaking … Read more

Market Update: Nifty Hits 1-Month Low; Sensex Turns Negative for 2024

Indian benchmark indices, Sensex and Nifty, plunged by 1% each on Tuesday, March 19, impacted by a substantial sell-off in TCS, Infosys, and Reliance Industries. This decline was further exacerbated by weak Asian markets and fresh foreign fund outflows. Gift Nifty Future trading at 21,860.00 as on 19-Mar-2024 17:18:55 made high 22,085.00 and low 21,852.50 today. … Read more

GIFT Nifty Achieves Record-Breaking Single-Day Turnover of $16.76 Billion and Open Interest of $13.51 Billion on Nov 28, 2023

In a notable milestone, the GIFT Nifty soared to unprecedented heights in single-day trading, registering a volume of 4,27,925 contracts and a remarkable turnover of $16.76 billion (approximately Rs 1,39,766 crore) on November 28, 2023, as reported by NSE IX. This achievement not only surpassed the previous record for single-day trading turnover, set at $15.25 … Read more

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