Market Movers: Market Movers: Antony Waste spikes 20% on big order; PSP Projects sees buying post record Q4

NEW DELHI: Siemens on Friday said it is selling its Large Drives Applications (LDA) business to one of the subsidiary of the promoter at a cash consideration of Rs 440 crore. The business contributes 3.33 per cent of the company’s revenue. Siemens AG, promoter of the company, intends to purchase the LDA Business of Siemens, … Read more

Market movers: Market movers: LIC sees first close in black; metals extend decline

NEW DELHI: Shares of finally saw some buying as the stock ended with gains of about a per cent. It was the first day that the stock closed in black since listing. The buyers converged at the stock after heavy selling in the last few days made it appetizing. It still trades down over 13 … Read more

NY Fed sees 3-yr balance sheet rundown to $5.9 trln, slow MBS decline absent sales

Breadcrumb Trail Links PMN Business Author of the article: Article content WASHINGTON — The Fed’s stock of Treasury bonds and mortgage backed securities is projected to decline by roughly $2.5 trillion by mid-2025, to about $5.9 trillion, when the central bank’s run-off of assets is likely to be halted to maintain an adequate level of … Read more

OECD chief sees global digital tax deal pushed back to 2024

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Article content DAVOS — The Organisation for Economic Cooperation and Development (OECD) on Tuesday acknowledged for the first time that a global digital tax deal may take a year longer to implement. The deal, which the OECD had hoped to sign off on in … Read more

Rival sees advantages in ICE, Black Knight merger

The third largest loan origination system provider, Mortgage Cadence, sees an opportunity to pick up business if the merger between No. 1 ICE Mortgage Technology and No. 2 Black Knight goes through. Parent company Accenture has invested $80 million over the last couple of years to continue development of the platform, said Joseph Camerieri, executive … Read more

Best Buy sees lower TV, computer sales as inflation hits shoppers’ wallets By Reuters

© Reuters. FILE PHOTO: A person enters a Best Buy store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly By Uday Sampath Kumar (Reuters) -Best Buy Co Inc cut its annual profit forecast on Tuesday due to lower demand for TVs and computers, making it the latest major retailer to underline the … Read more

Fed’s George sees policy interest rate near 2% by August By Reuters

© Reuters. FILE PHOTO: Kansas City Federal Reserve Bank President Esther George addresses the National Association for Business Economics in Denver, Colorado, U.S. October 6, 2019. REUTERS/Ann Saphir/File Photo (Reuters) – Kansas City Federal Reserve Bank President Esther George on Monday said she expects the U.S. central bank to lift its target interest rate to … Read more

Opinion: ‘I feel like I am reliving the summer of 2008.’ Strategist David Rosenberg sees bear market sinking the S&P 500 to 3,300

The U.S. stock and the bond markets are finally in the process of catching up with our views. We always believed these past two years represented a fake bull market built on sand, not concrete. And frankly, we also remain steadfast of the view that the inflation scare is going to pass very soon — … Read more

Paytm share price: Macquarie sees Paytm at Rs 450, Goldman Sachs at Rs 1,070. Where is it headed?

NEW DELHI: Brokerage views differ widely when it comes to One 97 Communications (Paytm) stock. While Macquarie has kept its target of Rs 450 intact, brokers such as Goldman Sachs and have come out with price targets in Rs 1,000-1,300 range, as they differ on Ebitda loss breakeven expectations, following not-so-material fall in sequential losses … Read more