News Overview

The net profit was mostly in line, although revenue fell short of street estimates.

Markets were also under pressure from a suggestion that the ratings agency Fitch would downgrade several banks.

For the month of July 2023, the merchandise trade deficit (physical goods) widened very marginally from $20.13 billion to $20/67 billion; you can almost say it was flat.

Retail sales in the United States rose more than anticipated in July, showing that the economy kept growing early in the third quarter while avoiding a recession.

Things have changed very drastically on the inflation front in the last two months.

SBFC Finance primarily concentrates on the MSME loans segment, which contributes over 80% to its total revenue, and gold loans, constituting 17% of the revenue.

Crude prices spike, bond yields flat for the week.

The Association of Mutual Funds of India (AMFI), releases key trends in mutual funds based on industry level data each month.

The week to August 11, 2023 was relatively more robust for start-ups, with funding sharply higher week on week at $95 million across a total of 17 deals.

Infosys' collaboration with Liberty Global promises to reshape digital landscapes, combining AI innovations with a robust cloud-first approach