Financial markets News

The targeted valuation, on a fully diluted basis, is less than the $10 billion Reddit was valued at after a fundraising in 2021. 

US stock markets remain near record highs despite a sharp increase in volatility this year, brought on in part by uncertainty over how the Fed might react to the fiscal boost and an economy that is expected to heat up.

The members appointed by the government would "receive a remuneration of Rs 1,50,000 for devoting time and work for each meeting of the committee. Which they attend and other expenses relating to air travel, local transportation and accommodation as may be decided by the central board from time to time," as per the regulations.

Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at ensuring its universal adoption by the world`s major financial institutions.

The US Federal Reserve could begin winding down its massive balance sheet sometime later this year in a shift that would make it less necessary to raise the official funds rate, a central banker said on Monday.

Speaking the inaugural function, Modi said India is been seen as bright spot and to see how far India has travelled one should look back to 2012-13 when the currency was falling sharply.

Global equities took another step down in Asia on Tuesday, with regional markets sliding and sterling wallowing near three-decade lows as Britain`s shock vote to exit the European Union continued to roil financial markets.

India`s move to plug suspected losses in tax revenue through Mauritius, a top source of foreign investments into the country, has not sent financial markets into a tailspin as it would have just a few years ago.

A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing "diaspora bonds", a funding strategy successfully pioneered by India and Israel but sometimes tricky to imitate

Britain will face a "decade of uncertainty" if it exits from the European Union (EU), a UK government analysis warned today, citing the impact of "Brexit" on some 2 million Britons living abroad.

There is enough room to create more competition in the electronic and digital segments of the financial markets in India, especially the cash-management through ATM-debit card use, a top MasterCard executive said.

Kotak also said that one of the biggest challenges today was the history of excessive leverage by India Inc.

Eight companies, including Lupin, Bharti Infratel, Eicher Motors and Bharat Forge, will be added to the MSCI India Index from tomorrow.

A total of 6,606.59 lakh shares changed hands in 63,08,043 trades and the total market capitalisation of the NSE stood at Rs 99,32.900 crore.

Amid a huge sell-off by foreign investors in the capital markets, RBI Governor Raghuram Rajan on Friday said India is well protected against volatile capital flows with its deeper reserves, surging growth and a stronger macroeconomic environment.

DII ownership on a free-float basis or on the basis of non-promoter holdings in NSE firms, climbed to 11.46% in the quarter ending March 2015 from 10.64% one year back.

Asian markets mostly retreated, however, the euro added to recent gains after data showing the eurozone economy picking up,

The discreet inquiry could be turned into a regular case if the agency found prima facie evidence of any alleged irregularities.

The euro bought $1.1194 in afternoon Singapore trade from $1.1200 in New York late Friday. It also fell to 134.40 yen from 134.56 yen.

Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.