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Keeping all data centres sovereign, says RBI governor

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/e5Y7TLy >

Banks pass on rate hikes, but go slow when rates fall; RBI study finds

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A recent study by the RBI indicates that banks are more responsive to interest rate hikes than to cuts. Specifically, banks relayed 76.4% of repo rate increases, while only 64% of reductions were passed on. Amid periods of tightening, lending rates surged significantly, in contrast to the minimal decreases observed during easing. This research highlights the intricate dynamics of interest rate adjustments, particularly affecting sectors like MSMEs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/dZKG7Pl >

Stock market outlook: Fed meeting, crude & more - top cues guiding Dalal Street this week

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As Dalal Street braces for a pivotal week, key earnings reports and the impending US Federal Reserve interest rate decision are grabbing attention. Investors are eagerly anticipating the September industrial production and manufacturing figures, set to be released on October 28. Moreover, Jio Platforms' stock market entry promises to sway investor sentiment. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/B4LpQK6 >

France’s economic woes: Debt nears 122% of GDP, growth forecast at just 0.4%

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France is grappling with severe economic challenges, marked by soaring public debt nearing 122% of GDP. With government expenditure exceeding 57% of the nation's economic output, the forecast of just a 0.4% growth raises concerns over financial stability. Protests centered on the rising cost of living showcase deeper political fractures. As the presidential succession nears, the economy stands as a pivotal issue for the electorate. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1OFBb7Q >

US Fed expected to hold rates as inflation, energy costs weigh ahead of midterms

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The US Federal Reserve is expected to keep interest rates unchanged in its upcoming meeting next week. Analysts suggest this decision comes despite ongoing inflation pressures and looming midterm elections. The Federal Reserve has struggled to meet its long-term inflation target due to rising prices affecting multiple sectors. Heightened energy costs after global conflicts are contributing significantly to inflation pressures. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Jhae4jR >

German companies looking for business opportunities: Piyush Goyal

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Talking to reporters during his visit to Germany and The Netherlands with a delegation of Indian businesses and startups to explore opportunities in trade, investment and industrial cooperation, Goyal said German companies had publicly announced investments worth $7.4 billion in India with some of these already materialising. He said India could also emerge as an important export base for automobiles. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/oZqY0Fg >