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Indian economy to grow 7.2% in FY '18-19: Deloitte

With the disruptive impact of demonetisation and GST having largely waned, the Indian economy is expected to grow 7.2 per cent in fiscal 2018-19 on the back of an uptick in investment activity, a new Deloitte report said. The new…

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Gold falls on strong dollar and higher US yields

Gold fell on Wednesday as the dollar and U.S. Treasury yields jumped on robust U.S. data and signs of an easing in the U.S.-China trade conflict. Spot gold was down 0.66 percent at $1,321.47 per ounce, as of 2:24 p.m….

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European Central Bank head to sift mixed signs on economy

Investors are waiting to hear what the European Central Bank’s president, Mario Draghi, makes of recent conflicting data about the region’s economy, and whether the bank will extend its extraordinary monetary stimulus efforts beyond September. Draghi holds a news conference…

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Custodians rush to Sebi over curbs on NRI investment in FPIs

Foreign and local custodians, which function as the vital link between foreign portfolio investors (FPIs) and the Indian stock market, have rushed to the markets regulator to figure out the fate of several offshore funds linked to non-resident Indians (NRIs)….

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