Month: October 2013

India Inc’s net profit surges 15% in Q2: Assocham

  Source: IRIS (25-OCT-13)   The advent of festive season has brought mixed results for corporate sector as the net profit of India Inc. surged by 15% in the second quarter (Q2) i.e. during July-September of the ongoing financial year 2013-14 (FY14), according to Assocham study on corporate performance. ”There has been a marginal year-on-year (Y-o-Y) decline of 1.8% in the […]
21 Oct, 2013

Emerging markets poised for further rally: BofA-ML

By: Leslie Shaffer | Writer for | Monday, 21 Oct 2013 | 12:52 AM ET Emerging market equities are poised to extend gains into year-end, according to contrarian indicators, said Bank of America-Merrill Lynch’s fund manager survey for October. “Allocations towards emerging market stocks remain stubbornly low despite elevated Chinese growth expectations,” the […]

Watch out Merkel, here comes Janet Yellen

If Janet Yellen’s nomination to head the Federal Reserve gets the nod from the Senate, she would be the first woman to head the most powerful central bank in the world. That would make the Brooklyn, NY-born economist arguably the most influential woman on the planet, probably surpassing other notables such as German Chancellor Angela […]