Stock market holiday: Despite showcasing resilience against the India-Pakistan war buzz, the Indian stock market witnessed sell-off pressure on the last two sessions last week. After going off on Thursday, key benchmark indices of Dalal Street came under sharp selling pressure on Friday. Now, investors are confused about whether they should use this dip as…
The action by the Central Consumer Protection Authority (CCPA) comes as authorities grow increasingly alert to the potential misuse of unregulated wireless communication devices amid heightened India-Pakistan tensions. The CCPA issued 13 notices, the consumer affairs ministry said on Friday. It pointed out that these platforms hosted hundreds of listings of walkie-talkies that had failed…
TSX ends up 0.4% at 25,357.74 For the week, the index advances 1.3% Materials sector rises 2.8% as gold rallies Air Canada jumps 14.6% after earnings report (Updates at market close) May 9 (Reuters) – Canada’s main stock index added to its weekly gain on Friday, led by energy and metal mining shares, as hopes…
China talks front and center on bond investors’ radar Trump says 80% tariffs on China imports seem right Fed fund futures lower odds of July easing By Gertrude Chavez-Dreyfuss NEW YORK, – U.S. Treasury yields were flat overall on Friday, with thinner volume than usual and sentiment still uncertain, as investors looked ahead to talks…
Sun Life Financial Inc. beat analyst expectations in the first quarter, fueled by its asset management segment. The Toronto-based insurance firm reported underlying earnings of C$1.82 per share, better than the C$1.71 predicted by analysts in a Bloomberg survey. Sun Life also raised its quarterly dividend to 88 Canadian cents from 84 cents. “I would…
New Delhi: India’s state-run oil retailers have assured the public of ample fuel availability nationwide amid escalating tensions with Pakistan that have triggered panic buying, particularly in border states. Indian Oil Corp. Ltd (IOCL) and Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) have urged calm, emphasizing that supplies of petrol, diesel,…
The set up by the end of the day indicates continuation of the downside pressure, unless tensions abate. Selling in heavyweights such as ICICI Bank, HDFC Bank and Reliance Industries dragged both Nifty and Sensex down by 1.1% each. Nifty closed down by 266 points at 24,008, slightly below its 200-day moving average of 24,044.25,…
New Delhi: Finance Minister Nirmala Sitharaman has instructed Indian banks to bolster their operational and cybersecurity preparedness, especially in border regions, as tensions with Pakistan escalate. During a Friday meeting with financial sector leaders, she stressed the need for uninterrupted services and prioritized the safety of bank staff and their families. Senior officials from the…
Amid ongoing conflict with Pakistan, Union Finance Minister Nirmala Sitharaman on Friday asked banks to remain fully alert to deal with any crisis, and noted that the country’s banking and financial system remains robust and resilient. Sitharaman made the remark during a high-level meeting with the managing directors and CEOs of public and private sector…
Capital markets regulator, the Securities and Exchange Board of India (Sebi), often issues warnings to unregistered investment advisers to prevent them from offering advisory services to investors. On May 8, Sebi issued a warning to Rajni Kumari (name changed), a resident of Muzaffarpur in Bihar, for providing unregistered investment advisory services without obtaining registration as…
