Thu, Feb 8, 2024 2:51 PM
What does MPC's 5:1 vote for repo status quo indicate about rate cut?
A Flip by Shubhangi Gupta
From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In the US, the S&P 500 and Nasdaq 100 indexes hit records.
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Tata Motors Group has revealed a hike in its investment outlay primarily aimed at new product and technology development. The Tata Group company has increased its investment outlay for FY25 to ₹43,000 crore. The British subsidiary, Jaguar Land Rover (JLR), is set to receive the bulk of this investment. In FY24, the group had earmarked a total of about ₹38,000 crore.
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Reliance Industries Ltd has sought access to pipelines and storages that public sector oil companies have built over the years for supplying jet fuel (ATF) from depots and oil refineries to airports, as it looks for a larger pie of fuel trade at some of Asia’s busiest airports.The firm made the suggestion in its comments to oil regulator PNGRB’s draft regulation calling for supply of ATF in all.
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