Market Live Updates Today: Title: Trends on SGX Nifty indicate a positive opening for the index in India with a 65 points gain

JPMorgan CEO Jamie Dimon sees US economic boom through 2023

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Wednesday the United States could be in store for an economic boom through 2023 if more adults get vaccinated and federal spending continues.

Manufacturers expect improvement in business situation in FY22, shows RBI survey

Indian manufacturers perceive further improvement in production and overall business situation in the second and third quarter of the financial year 2022, according to the Reserve Bank of India’s (RBI) latest industrial outlook survey.

While respondents expect the capacity utilisation and employment conditions to improve, the input cost pressure to continue, albeit with marginal easing, and selling prices to harden gradually, they said.

India unlikely to go along with US' global minimum corporate tax proposal

India may not be in favour of the proposal by United States Treasury Secretary Janet Yellen’s proposal of a global minimum corporate tax rate.

This is partly due to the fact that Finance Minister Nirmala Sitharaman had already cut corporate tax rates for existing and newly incorporated companies to 25 percent and 15 percent in September 2019. Policymakers feel that any further tweak to reflect a tax rate understanding between G-20 countries, at a time of Covid-19 induced economic uncertainty, will not help business sentiment.

Fed expects to keep supporting economy 'for some time,' minutes show

Federal Reserve officials remain wary about the ongoing risks of the coronavirus pandemic and are committed to bolstering the economy until its recovery is more secure, minutes of the U.S. central bank’s latest policy meeting showed on Wednesday.

With their own forecasts projecting the strongest run of U.S. economic growth in nearly 40 years, “participants agreed that the economy remained far from the (Fed’s) longer-run goals and that the path ahead remained highly uncertain,” the minutes from the March 16-17 meeting said.

Oil up on global economic recovery

Oil futures inched higher on Wednesday on an improving global economic outlook, but gains were capped by rising gasoline inventories and fears that new coronavirus outbreaks will weaken a global recovery in fuel demand.

Brent crude futures settled at $63.16 a barrel, up 42 cents, or 0.7%. U.S. West Texas Intermediate crude settled at $59.77 a barrel, gaining 44 cents, or 0.7%.