Anticipation is high on the international financial markets as the U.S. Federal Reserve gets ready for its Federal Open Market Committee (FOMC) meeting. Amit Goel, Pace 360’s co-founder and chief global strategist, is among the analysts who predict a 25 basis point (bps) rate cut, the first in four years. This action is anticipated to set off a brief market surge in India, enhancing investor sentiment on risk globally and potentially drawing in foreign capital. Key Expectations from the Fed There are conflicting economic signs in the background of the Fed’s decision. The annual consumer price index (CPI) is still…
Author: Krishna.Jangid
The Economic Advisory Council to the Prime Minister issued upbeat research that revealed West Bengal’s economic trajectory had consistently declined over the previous several decades. Relative Economic Performance of Indian States: 1960-61 to 2023-24, a working paper written by Sanjeev Sanyal, identifies a concerning tendency for the state that was previously a major player in India’s economic environment. A Fall from Grace West Bengal’s contribution to the national GDP has drastically decreased from its former position as a major player in the Indian economy. The state made a significant contribution of 10.5% to the GDP of the country in 1960–1961.…
Table of contents Bajaj Housing Finance’s initial public offering (IPO) has infatuated investors with an exceptional result, listing with a staggering premium of 114% on Monday. The IPO’s triumph is accredited to the deep-rooted determination in the company’s growth potential along with typical market zeal. Key Highlights: Reasons Behind the Overwhelming Response: Strong Parentage: Given the strong support by the Bajaj Group, known for its capital formation activities and strong fundamentals, Bajaj Housing Finance assures long term value and reliable returns. The optimistic future growth and rational estimates of the company have captured the investors interest, driven by the rapid…
Investment in India’s Green Energy Sector Japanese trading giant – Sumitomo corporation has announced a huge investment of Rs 5900 crore (100 billion yen) in a renewable energy joint venture with Ampin Energy Transition in India. Ampin energy’s share in the joint venture will be more by 2% in comparison to Sumitomo Corporation whose share is 49%. Focus on 1 GW Renewable Energy Projects and Corporate PPAs With an aim to deliver sustainable power to commercial and industrial clients, the joint venture will develop 1 GW of renewable energy projects and corporate power purchase agreements. The first investment of Sumitomo…
