Sat, Nov 2, 2024 6:00 PM
Dalal Street Week Ahead: Nifty not out of the woods yet
A Flip by Avya Verma
Snap, the parent company of Snapchat, reported better-than-expected third-quarter results, with revenue up 15% to $1.37 billion and adjusted earnings of 8 cents per share. CEO Evan Spiegel highlighted improvements to the app's user experience, including the rollout of Simple Snapchat, and growth in augmented reality and direct-response advertising.
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Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September. So deposit rates — including money market account rates — have started falling. It’s more important than ever to compare MMA rates and ensure you earn well.
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Sebi releases a consultation paper on the review of issue and listing of debt instruments and security receipts, proposing changes such as a minimum ticket size of ₹ crore for regulated entities, a revised limit of 200 investors for private placement, and specific guidelines for debt/receivables and investor rights.
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