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Business Standard

Gold rises to record high after Fed makes first rate cut since 2020

Gold, Treasuries and the S&P 500 Index have all typically risen as the Fed starts lowering rates, according to an analysis of the past six easing cycles going back to 1989

The Economic Times

Navigating Market Peaks: Why are bonds your smartest move during this rate cut cycle?

Historical trends underscore the impressive performance of bonds during Federal Reserve rate-cutting cycles. Since 1980, bond markets have consistently delivered substantial returns as rates were lowered. A notable example comes from April to June 1980, when an 11% rate cut coincided with an exceptional 18.8% return on the Bloomberg US Aggregate Index. Similarly, between June 1989 and September 1992, a 6.56% rate reduction drove an astonishing 46.3% return.

CNBC TV18

How do stock markets react in individual Fed interest rate cycles

How have stock markets reacted in individual Federal Reserve interest rate cycle, whether it be an easing one or a tightening one? Here is a look in pictures.

The Economic Times

Here's why Aniruddha Naha is bullish on NBFC sector

​There is absolutely no two ways about it. I think incrementally also the kind of spends that we are seeing or the allocations going towards, let us say, defence, railways, and other capex-oriented cycles, the renewable part of it, I think this will continue.

Mint

Indian markets remained resilient over the last two decades amid US Fed cycles, Capitalmind study reveals

Market observers anticipate a 25-bps Fed cut amid resilient US consumer spending, raising questions about its impact on Indian markets. Historical trends show that while rate cuts can favour equities, the overall effects depend on broader economic factors and indicators.

Business Standard

India, UK may hold next round of talks on proposed trade agreement in Oct

India and the UK are expected to hold the next round of talks for a proposed free trade agreement in October to resolve the pending issues and close the negotiations, a senior official said on Tuesday. Commerce Secretary Sunil Barthwal said the officials of the UK are briefing their new ministers about the proposed free trade agreement (FTA). The two sides have already taken stock of the progress of talks at secretary and minister levels. "The briefings are going on in the UK...they are briefing their new ministers and based on that, the negotiations will start. We are hoping that in October, the negotiations should resume," Barthwal told reporters here. He also said India is progressing on all FTAs, but there are certain things which are not in control of anyone. The India-UK talks for the proposed FTA began in January 2022. The 14th round of talks stalled as the two nations stepped into their general election cycles. Due to the elections in India and Britain, both the countries

The Economic Times

During rate cut cycles FIIs raise EM allocations, but it could be different this time: A Balasubramanian

A Balasubramanian, MD & CEO of ABSL AMC, discusses the potential impact of a gradual rate cut by the US Fed on emerging markets like India. He highlights that while lower borrowing costs could attract foreign investments, India's market attractiveness will also depend on valuations and growth expectations. Further, while people will start looking at other markets, they will also need to take into account how it will have an impact on the currency.

The Economic Times

Stay focused on asset allocation and risk management: Vetri Subramaniam

​There are multiple reasons why small caps face pressures. One is because they are more susceptible to economic cycles, access to capital tends to be more limited, breadth and depth of management tends to be limited, and finally, their ability to manage changes in regulations, changes in cycles is again limited.

The Economic Times

Fed factor: Rate cut theory suggests higher equity valuations, but history tells a different story

The Nifty Index showed mixed results following recent Fed rate cut cycles, defying the theory that lower rates boost equity valuations. After the 2001 cuts, it fell 35% over a year. In 2007-08, it first rose 30% then plunged 60%. Post-2019 cuts, returns were flat, between 0% and 5%.

The Economic Times

Lam Research breaks ground for systems lab in Bengaluru

The new facility will enable Lam engineers in India to design, test and validate semiconductor manufacturing processes and equipment on site and on tool with active chemistries and realistic test parameters, enabling significantly shortened design cycles, the company said.

The Economic Times

M1xchange and Bharat BillPay partner to accelerate MSME growth with integrated financing

M1xchange has partnered with NPCI Bharat BillPay Ltd. to offer low-cost invoice financing directly from accounting software. This collaboration aims to enhance payment efficiency for TReDS-registered companies in India, particularly benefiting MSMEs by improving liquidity and reducing payment cycles.

Mint

Atlas Cycles ex-president Salil Kapoor shoots himself dead at Delhi home, suicide note mentions ‘financial burden’

Atlas Cycles former president Salil Kapoor's body was reportedly found by his manager in a pool of blood near the puja room in his house at around 1 pm. 

Business Standard

Google Cloud, Wipro partner to use Gemini Code Assist to boost productivity

Google Cloud on Thursday said it has partnered with IT firm Wipro to integrate Gemini Code Assist into the latter's development workflows. Gemini Code Assist is an AI-powered collaborator that helps developers write, review, and debug code more efficiently. This collaboration will enhance developer productivity, improve code quality, and encourage innovation, a company statement said. "At Wipro we are using conversational AI/Gen AI technology to improve the efficiency, effectiveness, and quality of the work done by associates on an individual basis. Tools like Google Cloud's Gemini Code Assist will significantly enhance first party productivity among our developers enabling them to deliver higher quality solutions more efficiently," Wipro Limited Chief Information Officer Anup Purohit said. Integrating Gemini Code Assist will accelerate development cycles, reduce errors, and enable developers to focus on higher-level problem-solving, the statement said.

Business Standard

Hero Motors Ltd files preliminary papers with Sebi for Rs 900 cr IPO

Hero Motors Ltd, the auto-components firm of the Hero Motors Company (HMC) Group, on Saturday filed preliminary papers with markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer-For-Sale (OFS) of shares valued at Rs 400 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes Rs 250 crore worth of shares by O P Munjal Holdings, and Rs 75 crore each by Bhagyoday Investments and Hero Cycles. The company may consider a pre-IPO placement of Rs 100 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 202 crore will be used for debt payment, Rs 124 crore for purchase of equipment required for expansion in capacity of the company's facility in Gautam Buddha Nagar, Uttar Pradesh. Hero Motors is India's leading automotive technology company engaged in designing, .

The Economic Times

Nestle, PepsiCo in talks with Godrej Agrovet to buy palm oil

Nestle and PepsiCo discussed with Godrej Agrovet about sourcing refined palm oil locally for brands like Maggi and Lay’s. This shift comes due to rising global prices and logistics costs. Companies aim to shorten import cycles and avoid supply disruptions amidst geopolitical tensions. Currently, they import mainly from Indonesia and Malaysia but are now urged to increase local procurement. Trade analysts suggest that sourcing from India can help negotiate better prices, ensure quality, and reduce logistics expenses.

The Economic Times

As markets are not immune from cycles, what should investors do?

Over centuries, market cycles have shown that a downturn invariably happens. How should you prepare?

Business Line

Edelweiss Business Cycle NFO: Should you invest?

The new fund seeks to combine multiple factors to make the most of business cycles

The Economic Times

Jio, Airtel Tariff Hikes: Users can still avoid increased prices. Here's how

Reliance Jio and Airtel will raise tariffs from July 3, 2024, to boost Average Revenue per User (ARPU), impacting millions of subscribers. Prepaid users can avoid hikes by recharging before July 3. Adjustments range from 12% to 25% for Jio and 11% to 21% for Airtel. Postpaid users will see immediate changes in their billing cycles.

The Economic Times

Spoilt for choice: How changing consumer preferences & tech advancements driving upgrades in electronics and car

Hyundai Motor India introduced the third upgrade to its flagship SUV, Creta, in January, followed by the performance-focused Creta N Line variant in March. Samsung launched the Galaxy S24 Ultra smartphone in yellow color. Kia India's senior VP highlighted the reduced product life cycles in the automotive industry.

Business Line

Why this consumption thematic fund is an attractive investment now

Nippon India Consumption fund has been a consistent outperformer across market cycles

Business Line

CDSL: What should investors do?

CDSL’s current valuations don’t offer adequate margins of safety for any turn in market cycles