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The Federal Reserve is on track for half a point interest rate increases in June, July, and perhaps even beyond as fresh job market data showed no sign the U.S. economy is buckling under the pressure of high inflation and rising borrowing costs.

Weak rupee makes NRIs home in on Indian realty

Updated at : 2022-06-06 07:20:02

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The rising interest from NRI homebuyers is being witnessed across segments, from mid-income projects to premium and luxury segments and plotted developments. The Indian currency has depreciated as much as 5.2% against the US dollar in 2022 so far.

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"I am delighted to welcome the Adani Group and GMR onboard on our Ultimate Kho Kho journey," said Tenzing Niyogi, CEO of Ultimate Kho Kho. "This is certainly a strong step forward for Ultimate Kho Kho becoming a sports movement."

Given that India is at the beginning of a potentially large and long growth cycle, I am quite okay with valuations. They are not extended or too cheap, said Ridham Desai replying to a question

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In fact, since the beginning of the ongoing fiscal year on April 1, domestic steel prices have come down by 17%, and are now below their year-ago levels. However, raw material prices remain elevated, which would weigh on the performance of steelmakers such as Tata Steel, JSW Steel, Jindal Steel and SAIL.

The Economic Offences Wing (EOW) of the Delhi Police booked LSF 10 Rose Investments, a US-based subsidiary of Lone Star, and its officials based on a complaint by US-based Hamlin Trust that holds a 33% stake in RattanIndia Finance, a non-banking finance company jointly formed by Rajiv Rattan, former cofounder of Indiabulls Group, and LSF 10 Rose.

The regulator had been bringing up the issue of the unique agreement between HDFC and HDFC Bank over a period as it thought the arrangement was not good for the industry from the structure as well as the risk point of view, claimed the three people who did not want to be identified.

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In a recent letter to the Reserve Bank of India, the nodal agency has suggested that payment apps be allowed an additional two years to cap market share on the Unified Payment Interface (UPI), according to one person cited above.

Target maturity funds could return 6.5%

Updated at : 2022-06-06 07:20:02

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Some of the target maturity funds that financial planners recommend are: ABSL SDL PSU Bond Sep 2026 60:40, which invests in a mix of SDL and PSU bonds and matures in 2026; Edelweiss Nifty PSU Bond Plus SDL Index Fund-2026, which invests in a mix of PSU bonds and SDLs; and IDFC Gilt 2027 Index Fund and IDFC Gilt 2028 Index Fund that invests only in government securities.

The EPFO invests in equities through Exchange Traded Funds (ETFs) tracking the Sensex and Nifty operated by SBI Mutual Fund and UTI Mutual. EPFO does not invest in actively managed equity mutual fund schemes or directly in stocks.

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