Sensex slides 238 pts, Nifty below 19,100; pvt banks, Airtel, RIL weigh

Closing Bell on Tuesday, October 31: The broader markets saw some action with the BSE MidCap index rising 0.29 per cent and the BSE SmallCap index 0.02 per cent

SI Reporter New Delhi

7:48 AM

BFSI Summit: 'Inclusive economic growth needs push for capex, job creation'

Samiran Chakrabarty, MD and chief economist, Citi Research pointed that it was quite natural for income inequalities to worsen when the country witnesses high GDP growth. READ MORE

Business Standard BFSI Insight Summit 2023

7:43 AM

Israeli finance minister halts fund transfers to Palestinian Authority

Israeli Finance Minister Bezalel Smotrich on Monday said he had instructed the ministry to halt the transfer of funds to the Palestinian Authority(PA) and is urging the cabinet to reevaluate its policy on such funds, in light of what Smotrich characterises as PA “support” for Hamas’s October 7 terror onslaught. READ MORE

7:38 AM

India, UK see free-trade deal possibly in December after poll results

There are still some differences around whether taxation will be included in a proposed investment protection pact, as well as the UK’s demand that tariffs be cut on electric vehicle exports to India, one of the people said, asking not to be identified as the deliberations are private. READ MORE

7:33 AM

Blackstone makes health care foray with $1 bn deals, buys Care Hospitals

US-based private equity major Blackstone said on Monday it had completed the acquisition of a 72.5 per cent stake in Quality Care India Ltd (QCIL), which operates a network of Care Hospitals, from Evercare, a platform backed by TPG Rise funds. This marks Blackstone’s foray into India’s health care services sector. READ MORE

7:29 AM

Asian Market Check:: Nikkei, Kospi in red ahead of BoJ outcome

Source: Yahoo Finance

7:24 AM

ALERT:: Bank of Japan may tweak yield cap

The Bank of Japan will likely revise up its inflation forecasts and discuss further tweaks to its bond yield control at its policy meeting on Tuesday, amid growing expectations the days of the controversial monetary tool are numbered.

The Japanese yen climbed to a two-week peak against the dollar after the Nikkei newspaper reported on Monday that the BOJ would consider making adjustments to its yield curve control (YCC) at the two-day meeting ending on Tuesday.

- Reuters