MUMBAI: The absolute effects of GST restructuring on indirect tax collections and fiscal policy will eventually impact market interest rates, Saugata Bhattacharya, external member of the Monetary Policy Committee, told ET. The announcement to reform the GST structure shows that growth is the government’s priority even at the risk of potential fiscal slippage, economists said. […]
GST exemption could take a toll on insurers’ health
MUMBAI: Exempting life and health insurance premiums from the Goods and Services Tax (GST) could leave policyholders paying less, but the move may also squeeze insurers’ margins and prompt them to rework pricing. A group of ministers has recommended entirely removing the current 18% GST on insurance. At first glance, this appears to be a […]
Sebi block deal rules: Sebi proposes changes to block deal framework to enhance market transparency
Mumbai: The Securities and Exchange Board of India(Sebi) on Friday proposed to modify the block deal framework. Block deal is execution of large trades through a single transaction without putting either the buyer or seller in a disadvantageous position. For this purpose, stock exchanges are permitted to provide a separate trading window. The regulator said […]
ECB interest rates: ECB officials sticking to steady interest rates after trade deal
European Central Bank officials are increasingly convinced they can keep interest rates unchanged in September, according to people familiar with the matter who don’t see the trade deal between Brussels and Washington causing major economic concerns. Since rates were left at 2% last month, growth and inflation have developed largely in line with the ECB’s […]
Sebi CAS proposal: Sebi proposes CAS for derivative stocks to simplify pricing mechanism
Mumbai: Sebi on Friday proposed to introduce the closing auction session (CAS) to determine share price first for derivative stocks. It said based on the experience gained, the same would be extended to all stocks at a later stage. “Passive funds typically track a broad spectrum of indices. If CAS is implemented only for Nifty […]
Coal India, REC among top 10 largecap stocks with highest dividend yield in 1 year – Dividend yields
Dividend yields are an important financial metric that investors use to evaluate the income-generating potential of a stock. The dividend yield is calculated by dividing the annual dividend per share (DPS) by the current market price (CMP) of the stock. This metric is especially crucial for income-focused investors who seek regular payouts. A higher dividend […]
Wall Street Week Ahead: Investors zero in on Nvidia results as US tech stocks waver
A wobble in U.S. technology shares has raised the stakes for Nvidia Corp’s quarterly results on Wednesday, with earnings from the semiconductor giant posing a crucial test for the scorching AI trade. The heavyweight tech sector slumped 1.6% on the week after a huge run for the group, dragging on key indexes. The sector’s weekly […]
Powell fires up markets, but some investors see reason for caution
Investors cheered Federal Reserve Chair Jerome Powell‘s Jackson Hole address, which gave a green light to buy risky assets on the hope the central bank is ready to cut rates, but took his dovish message with a note of caution as they see a risk of stagflation ahead and worry markets are over-optimistic. In his […]
Fitch affirms US credit at ‘AA+’, rising debt a ratings constraint
Fitch affirmed the U.S. credit rating at “AA+” on Friday, highlighting concerns over rising debt levels while also citing the country’s large, high-income economy, and its financing flexibility due to the dollar’s role as global reserve currency. High fiscal deficits and increasing government debt levels constrain the U.S. rating, even if a surge in revenue […]
5 world market themes for the week ahead
Nvidia earnings are in the spotlight as pressure on tech stocks rises, while Ukraine and political developments in Japan could also grab attention. 1. NVIDIA NEXT Nvidia’s August 27 earnings report takes on greater significance after tech shares stumbled this week on some caution over the AI boom. Its dominant position in AI chips has […]