The banking system liquidity as measured by net absorption of funds by the RBI, stood at a surplus of Rs. 2.23 lakh crore, as of September 2nd, central bank data showed. The weighted average call rate (WACR) stood at 6.47% on Tuesday, as against 6.49% the previous day. The WACR is the operating target of…
Bill Ackman, a name synonymous with bold investment strategies, has once again captured the attention of the financial world. As the founder and CEO of Pershing Square Capital Management, Ackman has consistently made headlines with his high-stakes moves. His hedge fund portfolio, currently valued at approximately $10 billion, is a testament to his investment prowess….
A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead. A two-day rout late last week left the S&P 500 nearly 6% from its July peak while the tech-heavy…