Equity valuations once again on the rise even as profit moderates

A steady rise in the valuation has been largely due to higher stock prices, and not because of faster growth in corporate earnings. Krishna Kant reports. Illustration: Uttam Ghosh/Rediff.com......

Tata Comm to acquire NYSE-listed Kaleyra for $100 mn in all-cash deal

Tata Communications on Wednesday announced that it would acquire NYSE-listed Kaleyra, a global omnichannel integrated communication services provider with a set of proprietary platforms offering......

Housing inventory overhang lowest in 5 years on the back of robust sales

The housing inventory overhang in the top seven cities in India stood at a five-year low of 20 months at the end of the January-March quarter, data from real estate consultancy Anarock showed on......

'Fed rate cut appears unlikely'

'The Fed rate will peak in the range of 5.1-5.3 per cent during the second quarter of CY23 and will most likely stay there for a while before rate cuts start in CY24.' Illustration: Uttam......