Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal. According to industry data, this is a growth of over 50 per cent from the same period of first five months in FY24. With the country set to commence production of … Read more
India’s total coal production reached 384.07 million tonnes (MT) in the April-August period this fiscal, a growth of 6.36 per cent compared to 361.11 MT during the corresponding period of the previous year, the government said on Tuesday. However, in August, overall coal production decreased slightly to 62.67 MT, down from 67.76 MT in August … Read more
Union Minister of Road Transport Highways, Nitin Gadkari has said that India will soon be in a position to export lithium-ion batteries. The Union Minister said ‘I am confident that we’ll be in a position to export lithium-ion batteries to the different parts of the world. At the same time, the research is going on. … Read more
Gold prices steadied on Wednesday, as investors keenly awaited the U.S. inflation data for hints on the size of the Federal Reserve's potential interest rate cut next week. Spot gold held its ground at $2,518.22 per ounce by 0319 GMT. U.S. gold futures rose 0.2% to $2,547.10. "Gold is range-bound in a well-supported market ahead … Read more
India has the capability to become a trusted partner in a diversified semiconductor supply chain globally and the government will follow a predictable and stable policy regime, Prime Minister Narendra Modi said on Tuesday. Chairing the Semiconductor Executives’ Roundtable at his residence in the national capital on the eve of the three-day ‘Semicon India … Read more
Asian markets wobbled and U.S. stock futures slipped on Wednesday after Democratic Vice President Kamala Harris and Republican Donald Trump clashed in a keenly-awaited U.S. presidential debate. The presidential hopefuls battled over abortion, the economy, immigration and Trump's legal woes at their combative first debate. That left investors skittish in Asian trade as markets also … Read more
The safe-haven yen hit its highest since the start of the year against the dollar on Wednesday as U.S. presidential contenders Kamala Harris and Donald Trump kicked off their first debate, with candidates neck-and-neck ahead of the November poll. Traders were also waiting nervously for a key inflation report that could provide clues on how … Read more
Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. Brent crude futures climbed 39 cents, or 0.6%, to $69.58 a barrel by 0031 GMT while U.S. crude futures were at $66.19 a barrel, up 44 cents, or 0.7%. Both benchmarks fell nearly $3 on Tuesday, … Read more
Indian shares are likely to open flat on Wednesday, in sync with other Asian peers, ahead of key U.S. inflation data that could influence the quantum of the Federal Reserve's expected rate cut this month. The GIFT Nifty was at 25,091.5 points, as of 08:12 a.m. IST, indicating the NSE Nifty 50 will open near … Read more
The FIIs as per Tuesday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15086.81 crore against gross selling of Rs 13952.44 crore. Thus, FIIs stood as net buyers of Rs 1134.37 crore in equities. In the debt … Read more