US retail sales declined by 0.2 percent in January, according to delayed government data released on Friday, missing some analysts' expectations amid persistent concerns that consumption in the world's biggest economy is slowing.
The Securities Appellate Tribunal granted partial relief to Kotak Mahindra AMC in the fixed maturity plan case by setting aside Sebi’s fee disgorgement order but upheld monetary penalties. The ruling relates to delayed investor payouts linked to recoveries from underlying investments.
New signs of labor weakness and oil-driven inflation concerns may saddle U.S. Federal Reserve officials with a choice they'd hoped to avoid between ensuring prices remain contained or keeping a possibly wobbly job market on track.
The U.S. economy unexpectedly shed jobs in February amid a strike by healthcare workers and harsh winter weather, while the unemployment rate increased to 4.4%.
The world's biggest bond markets were headed for their worst week since at least last April as concerns that war in the Middle East will renew upward pressure on inflation and force central banks to start hiking interest rates soon.
Wall Street indexes tumbled Friday as Middle East conflict threatened inflation and weak jobs data surprised markets. Traders now see a 50/50 chance of a June Fed rate cut, but persistent high oil prices could keep the Fed on hold. Banking stocks led the decline, with Western Alliance shares plummeting.
Oil prices jumped further on Friday after US President Donald Trump said only "unconditional surrender" of Iran will end the Middle East war, as fresh strikes hit the Islamic republic.
PB Fintech shares witnessed block deals worth Rs 695 crore, with Goldman Sachs, mutual funds, and foreign investors acquiring shares from Tencent Cloud Europe, signaling sustained institutional interest in the company.
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