Home prices in India are set to rise steadily over the next few years, driven by demand for luxury properties from cash-rich individuals, according to a Reuters poll of housing experts who forecast rent increases will outpace consumer inflation. While economic growth in Asia's third-largest economy is likely to outpace its major peers, policy experts … Read more
Gold prices drifted lower on Tuesday, while investors awaited a slew of U.S. economic data to gauge the size of the Federal Reserve's expected interest rate cut this month. Spot gold eased 0.2% at $2,494.19 per ounce by 0155 GMT. Prices hit a record high of $2,531.60 on Aug. 20. U.S. gold futures fell 0.1% … Read more
Plans for French oil major TotalEnergies to form a new joint venture with India's Adani Green Energy took a step forward on Monday, as the Indian company's board voted to approve a deal with a $444 million investment on Total's side. The pair had announced in September 2023 that they would form a new joint … Read more
Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel by 0156 GMT. U.S. West Texas Intermediate crude, which did … Read more
The dollar held close to a two-week high against the yen and the euro on Tuesday as investors geared up for a slew of economic data, including Friday's U.S. payrolls, that will influence the size of an expected interest rate cut from the Federal Reserve. The euro was last at $1.1060, not far from the … Read more
The coal production in India reached 384.08 million tonnes (MT) up to August in the current fiscal, a growth of 6.48 per cent compared to 360.71 MT during the same period in FY24, the government said on Monday. According to the Ministry of Coal, the production of Coal India Limited (CIL) surged to 290.39 MT … Read more
India's Nifty 50 rose for a thirteenth consecutive session on Monday, its longest-ever rally, powered by gains in IT stocks on hopes of a U.S. rate cut and as shares of consumer goods companies rose on a prediction of good monsoon rains. The benchmark Nifty 50 index ended 0.17% higher at 25,278.7 points and the … Read more
BLS International Services is currently trading at Rs. 427.65, up by 5.80 points or 1.37% from its previous closing of Rs. 421.85 on the BSE. The scrip opened at Rs. 421.80 and has touched a high and low of Rs. 439.90 and Rs. 407.50 respectively. So far 318897 shares were traded on the counter. The … Read more
Developers are driving GDP growth and in the era of artificial intelligence (AI), India is set to surpass the US to become the largest software developer community globally by 2027, according to Thomas Dohmke, CEO of Microsoft-owned software development collaboration platform GitHub. India is creating the digital public infrastructure (DPI) of the future with the … Read more
Nomura lowered its FY25 economic growth forecast for India to 6.7% year-on-year from 6.9% after official data on Friday showed the country's gross domestic product (GDP) grew slower than expected on an annual basis in the April-June quarter. India's GDP rose 6.7%, less than the 6.9% forecast by a Reuters poll and the 7.8% growth … Read more