Globe Capital Research Report

The Reserve Bank of India (RBI) has lifted the restrictions on Bajaj Finance's two products eCOM and online digital ‘Insta EMI Card’, with immediate effect, company said in an exchange filing on May 2. The company further said that it would now resume sanction and disbursal of loans in the above two business segments including issuance of EMI cards.

Gold price jumps as Powell downplays rate hike buzz in US Fed meeting, US dollar rate dips  

Bullions counter may trade on positive path as yellow metal edged higher on Thursday after the U.S. Federal Reserve kept its key interest rate steady, as expected, and indicated that it is still leaning toward eventual rate cuts.

The US Federal Reserve has kept its key interest rate steady for the sixth straight time. The Federal Open Market Committee unanimously decided to hold its key interest rate at 5.25-5.5% in May, citing expanding economic activity and easing but elevated inflation, according to a statement on Wednesday night. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent," said the FOMC statement. "The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks." The central bank had hiked the rates by 25 basis points in July last year, which took the benchmark rate to its highest in 22 years. In September, November, December, January, March and May, it has kept them unchanged.

Oil dips as investors eye Israel – Gaza truce talks, US Fed policy review  

UltraTech Cement Ltd's consolidated net profit jumped 35.23% in the fourth quarter of fiscal 2024. The cement manufacturer's profit soared to Rs 2,258.58 crore in the quarter-ended March, according to an exchange filing on Monday. The company's board also recommended a dividend of Rs 70 per share. The company achieved volume growth of 13% year-on-year for fiscal 2024. This was backed by 11% year-on-year growth in volume for the fourth quarter.