Eight months after launching, the Chicago Sports Network will finally hit the airwaves on Comcast, but its going to cost subscribers more to watch the White Sox, Bulls and Blackhawks.
Wall Street is pointed toward small gains early Friday ahead of the governments May jobs report, which should at least briefly take the spotlight off the feud between President Donald Trump and Elon Musk that erupted publicly this week.
Gold loan stocks surged 27% after RBI raised the LTV ratio on loans under 2.5 lakh to 85%. Simplified norms reduce compliance burden, aiding lenders like Muthoot Finance, Manappuram Finance, and IIFL Finance amid broader rate cuts and policy clarity.
Bangladesh faces pressure for elections amid concerns over fairness and inclusion, particularly regarding the Awami League's ban. India advocates for inclusive elections, emphasising the Awami League's crucial role in Bangladesh's history. The rise of radical Islamism and external interference pose threats, prompting India to safeguard its interests and stability in the region.
Devina Mehra of First Global suggests remaining invested in Indian markets. They are underweight in the US since January. They favor Europe and maintain overweight positions in China and India. Recent rebalancing in India includes overweighting pharma and auto components since early 2024. FMCG and banks have seen increased weight. However, banks remain underweight despite recent additions.
The spike in Bajaj Finance shares came after the RBI slashed the repo rate by 50 bps and CRR by 100 bps, unlocking Rs 2.5 lakh crore in liquidity. The move is expected to lower borrowing costs for NBFCs, support loan growth, and ease margin pressures, with analysts seeing strong tailwinds for credit expansion and consumption demand.
