News Overview

Headline PCE inflation made a decisive move in November towards its long term inflation target of 2% in the US.

Members of the RBI MPC believed that, despite the volatility, the RBI had achieved low inflation without hitting growth.

FPIs infused $1.75 billion into equities in the recent week to December 22, 2023; adding up to $7.91 billion in last 4 weeks.

A week after the Fed statement and dovish hints, PCE inflation comes in sharply lower for November 2023.

As US bond yields tapered, the Indian rupee added heft and the Indian bond yields also fell sharply lower in the week.

The week saw $349 million raised by start-ups, led by Farmley, GreyOrange, Kitchens, VideoVerse, Blu, and Fresh.

Mirae Asset Multi Asset Allocation Fund NFO is an opportunity to invest in a spectrum of asset classes through one gateway.

GMR Airports Limited (GAL) and NIIF signed binding agreements for NIIF to invest up to Rs 6.75 billion

PSP Projects said this week that it has been announced as lowest bidder for three major projects.

AARANE in Germany and NALCROM in Canada and the Netherlands are among the brands bought by Lupin Atlantis Holdings SA, Switzerland, from Sanofi.