Author: QH team

Bank stocks rallied on Wednesday, rising up to 2.9 per cent, on the National Stock Exchange (NSE). The rise in bank stocks today came after the Reserve Bank of India (RBI) changed the policy stance to ‘Neutral’ from ‘Withdrawal of Accomodation’. The RBI Monetary Policy Committee (MPC) also kept its key repo rate unchanged at 6.5 per cent for a tenth straight policy.”After evaluating the macroeconomic conditions and future outlook, the Monetary Policy Committee (MPC) decided, with 5 out of 6 members in agreement, to maintain the policy rate at 6.5 per cent,” said RBI Governor Shaktikanta Das in his policy…

At the Traders Conclave 2024 in Bengaluru, Edul Patel, CEO and Co-founder of Mudrex, addressed a gathering of traders and financial experts, challenging the common perception of Bitcoin’s volatility. He highlighted that Bitcoin’s risk-to-reward ratio is similar to that of Gold and S&P 500, making it an attractive long-term asset for investors.”Bitcoin is not as volatile as people think. Its volatility has been decreasing steadily with the rise of institutional and retail adoption,” Patel stated. He noted that while traditional indices like NIFTY 50 have outperformed Bitcoin in terms of the Sharpe ratio (a measure of risk-adjusted returns) over the…

Bank stocks rallied on Wednesday, rising up to 2.9 per cent, on the National Stock Exchange (NSE). The rise in bank stocks today came after the Reserve Bank of India (RBI) changed the policy stance to ‘Neutral’ from ‘Withdrawal of Accomodation’. The RBI Monetary Policy Committee (MPC) also kept its key repo rate unchanged at 6.5 per cent for a tenth straight policy.”After evaluating the macroeconomic conditions and future outlook, the Monetary Policy Committee (MPC) decided, with 5 out of 6 members in agreement, to maintain the policy rate at 6.5 per cent,” said RBI Governor Shaktikanta Das in his policy…

The government is unlikely to make any revisions to its new Electric Vehicle (EV) policy, which was announced earlier this year, amid lack of interest among global carmakers, including Tesla, for the growing Indian market.An official from the Ministry of Heavy Industries (MHI) told Moneycontrol that the eligibility criterion and other conditions would remain the same for carmakers who intend to leverage the existing EV policy. “Our stand is clear. You can import cars at reduced duties provided you make fresh investments (of $500 million) for an EV manufacturing plant in India,” said the official.In March, the government had announced the policy in a bid to attract major…

Mumbai: Reserve Bank of India governor Shaktikanta Das issued a strong warning to non-banks, particularly microfinance institutions and housing finance companies, for aggressively chasing “growth at any cost” that could pose a risk to the economy’s financial stability.Das’s message to non-banking financial companies came as RBI’s monetary policy committee on Wednesday softened its policy stance to ‘neutral’ from ‘withdrawal of accommodation’, while keeping the key policy rate unchanged and reiterating inflation as a key risk.“It is observed that some NBFCs are aggressively pursuing growth without building up sustainable business practices and risk management frameworks commensurate with the scale and complexity…

Microsoft’s stock price has hit a snag in recent months, falling behind the broader tech market.This slowdown coincides with a cooling sentiment towards Al as a major stock market driver.According to a report in Bloomberg, Microsoft’s share price has only grown 1.3% in the past six months, compared to a nearly 10% gain for the Nasdaq 100. The stock is also 8% below its all-time high.”There’s some Al fatigue when it comes to companies like Microsoft, given the incredible run they’ve had,” told Neville Javeri, senior fund manager at Allspring Global Investments, to Bloomberg.Investors “need to see additional proof points…

India is expected to undergo a major shift in its data centre business, with 40-50 per cent of its capacity dedicated to artificial intelligence (AI) and graphics processing unit (GPU) workloads by 2030, even as overall capacity trebles to 3 gigawatt (Gw) during the same period.Global Cloud players such as Microsoft, Amazon Web Services (AWS), and Google are set to become major players in owning their own captive data centres, which will generate over 1 Gw of capacity in the next five years.https://www.business-standard.com/industry/news/data-centres-in-india-pivot-to-strategic-artificial-intelligence-focus-124100701110_1.html

The Reserve Bank of India (RBI) will kick off its three-day monetary policy meeting on Monday, which will run from October 7 to October 9. The outcome of the MPC meeting will be announced on October 9, shaping the trajectory of India’s monetary policy amid a volatile global economic backdrop.The central bank has kept the repo rate unchanged for nine consecutive sessions at 6.50%, in an effort to balance inflation control with economic growth. Analysts expect the central bank to keep interest rates steady once again, especially as it evaluates the sustainability of recent declines in inflation. At the same…

Speaking at a function organised by the faculty of Journalism and Mass Communication of Sarla Birla University in Ranchi, he said universities could play a pivotal role in promoting innovation and converting it into opportunity.“The way the world of technology is constantly changing, innovation is a great need of today’s times. Therefore, it needs to be converted into an opportunity and encouraged… Universities can play a pivotal role in promoting innovation,” he said.Stating that a small country like Taiwan has global dominance in manufacturing chips, required for almost all electronic equipment such as smartphones, Harivansh said there is a need…

Markets regulator Sebi on Tuesday proposed that stock exchanges and other market infrastructure institutions frame their own policy for sharing data for the purpose of research to promote data democratisation, data privacy and data accountability.However, data shared with vendors for commercial purposes will not fall under this policy, Sebi suggested in its consultation paper.The markets regulator has a data sharing policy to share anonymised data that are not publicly available. However, since Sebi is not the originator of most of the market data, the scope of sharing data under the extant data sharing policy of Sebi was deliberated by its…