harshvirani 
The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi and DMart among others which will drive stock-specific movements. The broader market's focus will be on the RBI's Monetary Policy Committee (MPC), which is scheduled … Read more
Buoyed by policy continuity and strong domestic demand, especially in rural India, business optimism has soared among India Inc and the industry remains bullish on business sentiments in FY25, a survey showed on Sunday. The Confederation of Indian Industry (CII) Business Confidence Index rose to a two-quarter high of 68.2 in the second quarter of … Read more
Union Minister for Electronics and IT Ashwini Vaishnaw has said that India is moving towards becoming the next semiconductor hub for the world as big investment is happening in this sector in the country. Minister Viashnaw referred to a recent roundtable in New York between Prime Minister Narendra Modi and top tech CEOs and … Read more
The RBI’s monetary policy committee (MPC) meeting from October 7-9 is unlikely to cut the benchmark interest rate and a dovish tone could set the direction moving forward, industry experts said on Sunday. After the US Fed rate cut, all eyes are on the RBI MPC meeting scheduled to be held on October 7-9 whether … Read more
The Reserve Bank of India (RBI) is likely to maintain the status quo in its Monetary Policy Committee (MPC) meeting, said industry experts on Monday, as the much-anticipated three-day meeting began, led by Governor Shaktikanta Das, amid geo-political uncertainties. The six-member committee began deliberations on interest rates and analysing the state of the economy amid … Read more
Indian shares are set to open higher on Monday after logging losses for five straight sessions, and tracking Asian peers after strong U.S. jobs data dispelled worries of a recession. The GIFT Nifty was trading at 25,253 points, as of 7:50 a.m. IST, indicating that the NSE Nifty 50 will open above its previous close … Read more
The Steel Authority of India Limited (SAIL) on Monday announced a collaboration with leading global resources company BHP to accelerate steelmaking decarbonisation in the country. SAIL, the largest government-owned steel producer in India, said the move is an important step for them in promoting lower carbon steelmaking technology pathways for the blast furnace (BF) route … Read more
Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of a recession and spurred a sharp paring of rate-cut bets. Short-term U.S. Treasury yields rose after the closely watched non-farm payrolls report on Friday showed the economy unexpectedly added the most … Read more
Gold prices eased on Monday as bets firmed for a smaller U.S. rate cut in November after strong jobs data, while investors awaited inflation data and comments from Federal Reserve officials for further cues. Spot gold slipped 0.2% to $2,647.49 per ounce by 0432 GMT. U.S. gold futures were unchanged at $2,667.10. The stronger-than-expected September … Read more
The Indian rupee is expected to hold near its all-time low on Monday after a blowout U.S. jobs report prompted investors to almost fully price out the likelihood of the Federal Reserve opting for one more large rate cut at their next meeting. The 1-month non-deliverable forward indicated that the rupee will open at 83.97-83.98 … Read more