The foreign portfolio investors (FPIs) have been offloading Indian shares amid concerns over slowing economic growth and expensive valuations. The December quarter saw overseas investors pulling out $12 billion worth of shares from the Indian market. Company Value Change %Change Among the large caps, private lender IndusInd bank, Star Health and Allied Insurance and Kalyan […]
US regulator places Google Payment under supervision, company sues – CNBC TV18
The US watchdog for consumer finance on Friday announced it was ordering federal supervision of Google Payment Corp, the internet giant’s payment arm, a decision the company immediately said it was challenging in court. The Consumer Financial Protection Bureau announced the step saying it had determined services offered by Google Payment had posed a risk […]
Fed’s favored inflation gauge picks up, backs cautious approach – CNBC TV18
The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates. The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 2.8% from October last year and 0.3% from a month earlier, according to […]