Interest rate

Shares of APL Apollo Tubes climbed over 2 percent on BSE on November 21 after the company said ICRA reaffirmed the company's long and short-term ratings.Rating agency ICRA reaffirmed "ICRA AA-" as long-term rating and "ICRA A1+" as short term rating for Rs 1,327.51 crore line of credit of the company.ICRA also assigned a long-term rating of "ICRA AA-" and short term rating of "ICRA Al+" to the additional limit of Rs 360.49 crore bank facilities. The outlook on the long term rating is stable.Close Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about APL Apollo Tubes shares climb 2% after ICRA reaffirms ratings

On Wednesday, the Federal Reserve announced that, after months of hemming and hawing, it has finally decided to raise interest rates. It’s the first time that’s happened since 2008, when the Fed cut rates to almost zero to try to nurse our ailing economy back to health. The good news is that this means our economy is finally strong enough to get back on track. But what, exactly, does raising interest rates mean? And how will it effect the economy (and our wallets)? Turns out the answer is…complicated. And notoriously hard to explain. (Even, confusingly, if you’re the chair of the Federal Reserve). So complicated in fact that a few journalists from the New York Times were reminded of a Rube Goldberg machine, those those incredibly intricate devices built to accomplish a simple task. So they built one to explain the possible outcomes of the Fed’s decision. Essentially, raising interest rates sets off a chain reaction in the economy, which is why a Rube … [Read more...] about What Happens When The Fed Raises Interest Rates? A Rube Goldberg Machine Explains

The Redmi K30 is confirmed to be unveiled sometime in December 2019. As we get closer to the launch, more details of the Redmi K30 have started surfacing on the internet. A new report by XDA Developers has revealed the camera and display features of the upcoming Redmi K30.After digging through some of MiUi 11 nightly build code, XDA Developers spotted an upcoming Redmi smartphone named ‘Phoenix’, which is tipped to be the Redmi K30. The code also reveals that Redmi K30 could have a side-mounted fingerprint scanner. There is a mention of a new method called ‘isBroadSideFingerprint’ that also tells that the fingerprint scanner will be located on the right edge. The report also shows a graphic titled ‘core_scan_gesture_broadside’ that shows a smartphone schematic with a dual punch-hole screen and a side-mounted fingerprint scanner.Xiaomi has already confirmed that the Redmi K30 will feature a dual punch-hole display. Based on the schematic and the … [Read more...] about MiUi 11 code reveals Redmi K30 could come with 120Hz refresh rate display, 60MP camera

The economic slowdown is likely to weigh on the credit offtake of the banking system, but brokerage firm BNP Paribas says in India the sector will recover, thanks to lower cost of funds, cost efficiencies and lower tax.The brokerage said higher operational efficiency driven by digital initiatives and lower workforce requirements  will ensure that the cost to income ratio maintains its downward trajectory."We believe a lower cost of funds, cost efficiencies, and the benefit from lower tax rates should lead to return on equity (RoE) accretion of 370bps for private banks. Higher RoEs should warrant much higher price-to-book ratios (P/Bs). We see a 10-15 percent upside from current valuations for private banks over the next five years," said BNP Paribas.Close Given that the asset quality cycle has peaked, the credit cost should be lower than those in the previous cycle, the brokerage said. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks … [Read more...] about Banking set to see a recovery, life insurance the next big sector: BNP Paribas

The Indian rupee has recovered from the lows and trading at day's high level at 71.75 per dollar, with selling seen in the domestic equity market.It opened flat at 71.83 per dollar versus previous close 71.81.The rupee ended 10 paise lower at 71.81 against the US dollar on November 20, on concerns about US-China trade deal progress.Close Oil prices retreated on Thursday as a spat over Hong Kong added to worries of a delay in any US-China trade deal, after posting steep gains in the previous session on bullish US crude inventory data. related news Rupee drops 10 paise to 71.81 per dollar as US-China tensions weigh Rupee off day's low, trades at 71.82 per dollar Rupee recovers 13 paise to end at 71.71 against USD The Sensex was down 73.40 points or 0.18% at 40578.24, and the Nifty was down 26.10 points or 0.22% at 11973.00.According to ICICIdirect, the dollar-rupee November contract on the NSE was at 71.86 in the previous session. Open interest declined 1.84% in … [Read more...] about Rupee gains, trades at day’s high