Ultra Invest Venture

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(Bloomberg) -- Federal Reserve officials voted unanimously to leave interest rates unchanged while signaling they remain on track to hike once more this year, a day before President Donald Trump plans to unveil his choice to lead the U.S. central bank. Recent data indicate that “the labor market has continued to strengthen and that economic activity has been rising at a solid rate despite hurricane-related disruptions,” the Federal Open Market Committee said in a statement Wednesday following a two-day meeting in Washington. Officials gave no sign that their expectations for a third interest-rate increase this year have been derailed. The Fed repeated its assessment that while inflation may “remain somewhat below 2 percent in the near term,” it’s expected to stabilize around the central bank’s 2 percent objective “over the medium term.” The statement is likely to reinforce expectations for a December hike. Pricing in federal funds futures contracts prior to the ...

India was already on a path to growth, but the country’s drive toward digitization may put it on track to be the world's fastest growing economy over the next decade. Buoyed by demographics, reforms and globalization, India was already on its way to growing at a brisk pace over the next decade. Now, a new report from  Morgan Stanley Research  finds that two major initiatives—digitizing its predominantly cash-based economy and reforming its archaic tax system—have the potential to amplify India's expansion, making it one of the world's fastest-growing large economies over the next 10 years. “The country was already on a strong trajectory, but digitization puts India's nominal GDP growth on track to compound annually by more than 10% in U.S. dollar terms over the coming decade," says Anil Agarwal, Head of Asian Financial Research at Morgan Stanley. “The result could be a multi-trillion-dollar opportunity." Although the country faces near-term teet...

In 4 market lessons every investor must heed, Prashant Jain, Executive Director and Chief Investment Officer of HDFC Mutual Fund, shared some lessons every equity investor must make note of. Here he takes a broad look at the macro scenario and explains his bullish stance on the stock market.  GDP growth has slowed down. Earnings growth is low. However, the belief that the market is expensive is not borne out by P/E multiples. GDP growth - sharp improvement ahead   GDP Growth has indeed slowed down in last few quarters. However, this is, in all probability driven by demonetisation and GST, two very significant reforms that have caused temporary disruption in the normal functioning of the economy. However, as things normalise, growth rates are expected to recover smartly over the next few quarters.  Monthly data for July, August and September in auto volumes, steel production, power generation, rail cargo volume, airline passengers, IIP and non-oil, non-gems...