Category: Market
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India’s most optimistic economist just got even more bullish
India’s GDP grew at a faster-than-expected 7.6 percent in the second quarter of 2023-24. India’s second-quarter GDP data, released on November 30, left one and all awestruck with a 7.6 percent growth rate, well above the consensus forecast of 6.8 percent and down slightly from 7.8 percent recorded in the April-June period. While most economists promptly…
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Charlie Munger's acumen, wisdom and irreverence: Investors mourn the loss of one-of-a-kind legend
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller As Charlie Munger’s admirers around the globe mourn the loss of one of the most influential investors ever, a deep sense of gratitude and appreciation has spread — for his unparalleled business acumen as well as his uniquely sharp tongue.…
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Fed Chair Powell calls talk of cutting rates 'premature' and says more hikes could happen
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on September 20, 2023 at the Federal Reserve in Washington, DC. Chip Somodevilla | Getty Images Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too…
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Not saving in your 401(k)? Your employer may re-enroll you
A modern office space with a variety of plants on display and some employees working together at computer desks. Tom Werner | Digitalvision | Getty Images If you elected not to participate in your company’s 401(k) plan, your employer may have other ideas. The concept of 401(k) plan “reenrollment” has been gaining traction. That means…
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Distribution of 5 kg foodgrains to poor under PMGKAY extended for 5 years: I&B minister Anurag Thakur
Distribution of 5 kg foodgrains to poor under PMGKAY extended for 5 years: I&B minister Anurag Thakur The government has extended the PMGKAY scheme to provide 5 kilogrammes of free foodgrains per month to around 80 crore poor people for another five years. A decision in this regard was taken in the meeting of the…
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India’s April-October steel imports from China at four-year high
India’s April-October steel imports from China at four-year high India’s finished steel imports from China touched a four-year high in the first seven months of the fiscal year that began in April, according to provisional government data reviewed by Reuters on Wednesday. China was the top exporter of finished steel to India during April-October, shipping…
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BPCL shares gain 2% on declaration of interim dividend of Rs 21
BPCL stock has risen 24.1 percent over the past one month. Shares of Bharat Petroleum Corp Ltd (BPCL) jumped 2 percent intraday on November 29 after the board of the oil marketing company approved an interim dividend of Rs 21 or 210 percent per equity share of a face value of Rs 10 for the financial…