Gold Silver Reports – In anticipation of strong results for the September quarter, Larsen and Toubro Ltd’s (L&T’s) stock closed 4% higher on Friday. The Street was not wrong, and the diversified conglomerate’s operating performance easily beat estimates.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
One Year After Demonetisation – Cash is Still King
Gold Silver Reports – Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.
US Fed Signals December Rate Hike on Track as Trump Weighs Next Chair
Gold Silver Reports – US Federal Reserve (US Fed) officials voted unanimously to leave interest rates unchanged while signalling they remain on track to hike once more this year, a day before President Donald Trump plans to unveil his choice to lead the US central bank.
Full Text of RBI’s Monetary Policy Minutes
Gold Silver Reports – Full Text of RBI Monetary Policy Minutes -Worry that rising consumer prices will threaten the Indian central bank’s inflation target of 4% led the majority of the Reserve Bank of India’s monetary policy committee to vote to keep rates steady, according to minutes issued on Wednesday. Here is the full text of the bi-monthly monetary policy statement of RBI’s Monetary Policy Committee.
Rating agencies give contrasting views on Indian firms’ credit quality
Gold Silver Reports – Rating agencies give contrasting views on Indian firms’ credit quality | Has credit quality of corporate India improved in the first six months of fiscal 2018? The answer may depend on which rating agency you want to believe.
What GST Means for the Jewellery Sector
Gold Silver Reports – The GST (goods and services tax) rate on gold jewellery is fixed at 3%. While it is higher than the earlier tax on gold, the GST rate is lower than expectations of a 5% rate and that is a relief.
India Consumer Prices Rise 3.36%, More Than Forecast
Gold Silver Reports — India Consumer Prices Rise 3.36%, More Than Forecast — India’s August inflation rate accelerated to the fastest since March, exceeding expectations ahead of the central bank’s policy review in October.