Big Boys Club: RIL Records Steepest M-Cap Erosion, HUL Gains Most; Figures

By Malvika Gurung —┬áThe past week observed high volatility, with domestic equities recording heavy sell-offs on Friday alone after the US Fed announced a 75 bps interest rate hike on Wednesday and iterated an ultra-hawkish monetary tightening policy going ahead to tame decades-high inflation. Indian equity benchmark indices ended deep in red on Friday, … Read more

Global economy in its steepest slowdown since 1970: World Bank

Washington, Sep 17 (IANS) Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has warned, media reports said. Central banks have raised rates “with a degree of synchronicity not seen over the past five decades” to tackle soaring prices, World Bank said, BBC reported. Raising … Read more