Chart Check: Over 100% in a year! Should you stay put in this capital goods stock?

Elgi Equipments, part of the capital goods industry, has rallied more than 100 per cent in a year and the rally may not be over yet, suggest experts. Investors who missed out on the rally seen in the compressors and pump company can look at accumulating the stock now or on dips for a possible … Read more

No chance of slowing, India to be fastest growing economy this year: Report

Rising inflation rates notwithstanding, India will be the fastest growing economy in the world this year, a top government source said on Thursday. While inflation continues to be above the comfort zone, the economy has continued on its recovery path, supported by pent-up demand for services and higher industrial … Read more

British energy bills forecast to soar above £5,000 next year

British households face average annual energy bills surging above £5,000 next year, according to the latest forecast, which will heap further pressure on the government to intervene to ease the spiralling cost of living crisis. The warning from consultancy Auxilione follows a steep rise in wholesale British gas prices this week and comes as ministers … Read more

Monthly mortgage repayments expected to rise 8% by end of year: Revolution Brokers

The average monthly cost of repaying a mortgage has climbed by 56% in the last decade, with a further 8% increase forecast by the end of the year, according to the latest data from Revolution Brokers.  Data found that based on the average UK house price of £278,071, minus a 15% deposit of £41,711, UK … Read more

Fed to raise interest rates to 4% next year, Evans says

Breadcrumb Trail Links PMN Business Author of the article: Article content Wednesday’s consumer price index report showing U.S. inflation didn’t accelerate in July was the first “positive” reading on price pressures since the Federal Reserve began tightening policy, Chicago Fed President Charles Evans said, even as he signaled he believes the Fed has plenty more … Read more

Gasoline-Demand Forecast Is Cut for This Year Amid High US Prices

Breadcrumb Trail Links PMN Business The US will consume less gasoline this year than previously thought, although total demand will still top 2021 levels, according to the latest government forecast. Author of the article: l}8ol5dugn[840k01l7elrxc_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — The US will consume less gasoline this year than previously thought, although total demand … Read more

478 glitches faced by Indian airlines in a year; Air India alone faced 184

Between July 1, 2021, and June 30, 2022, aircraft in India faced 478 technical snags. Air India faced 184 glitches, the highest among Indian airlines, minister for state in the Ministry of Civil Aviation V K Singh told Rajya Sabha on Monday. Tiruchi Siva, a member of Rajya Sabha from Tamil Nadu, asked the … Read more

FCA loses £32,900 worth of electronic devices in a year

The Financial Conduct Authority (FCA) has lost £32,900 worth of electronic devices since 15 July 2021. This figure was revealed through a Freedom of Information (FOI) request submitted by Mortgage Strategy sister magazine Money Marketing on 8 July 2022. Electronic devices lost include laptops, tablets and desktop. Laptops were the most common loss, with 32 devices going … Read more