German inflation is expected to rise to 2.2 per cent year-on-year in November, up 0.2 percentage points from the previous month, the Federal Statistical Office (Destatis) said. After hitting a three-year low of 1.6 per cent in September, the inflation rate in Europe's largest economy has been on a rising trend, but still stays close … Read more
Reliance Industries' U.S. unit has bought a 21% stake in U.S.-based helium production company Wavetech Helium for $12 million, the conglomerate said on Thursday, in a move aimed at expanding its low-carbon energy segment. The billionaire Mukesh Ambani-run group, which operates the world's biggest oil refining complex at Jamnagar in the western Indian state of … Read more
India’s gig economy could add 90 million jobs, enabled by large multinationals, and add 1.25 per cent to the country's GDP over time, according to a report on Thursday. Gig economy supports sectors such as e-commerce, transportation and delivery services, among others, and the market is expected to grow at a compound annual growth rate … Read more
The Indian stock market ended in red on Thursday as Sensex and Nifty were down by more than 1 per cent. At closing, Sensex was down 1190.34 points or 1.48 per cent to 79,043.74. Nifty was down 360.75 points or 1.49 per cent to 23,914.15. This decline was led by IT stocks. The Nifty IT … Read more
The FIIs as per Thursday’s data were net sellers in equity segment, while net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 11047.72 crore against gross selling of Rs 12096.61 crore. Thus, FIIs stood as net sellers of Rs 1048.89 crore in equities. … Read more
Utkarsh Small Finance Bank is currently trading at Rs. 35.99, up by 0.30 points or 0.84% from its previous closing of Rs. 35.69 on the BSE. The scrip opened at Rs. 35.71 and has touched a high and low of Rs. 36.29 and Rs. 35.54 respectively. So far 153677 shares were traded on the counter. … Read more
Gold prices held steady on Tuesday after a 3% drop in the previous session, supported by increased safe-haven demand following President-elect Donald Trump's pledge to impose tariffs on all imports from Canada, Mexico and China. Spot gold was steady at $2,625.48 per ounce, as of 0259 GMT, after hitting its lowest since Nov. 18 earlier … Read more
India's domestic air passenger traffic registered a 5.3 per cent increase to reach 1.36 crore in October, from 1.26 crore in the same month last year, according to data compiled by the Directorate General of Civil Aviation (DGCA). Leading airline IndiGo flew 86.40 lakh passengers during the month with a market share of 63.3 per … Read more
The Healthcare sector in India grew strongly in Q2 of FY25, with revenue increasing by 17.6 per cent year on year (YoY), according to a report. The report by Axis Securities showed that the healthcare sector also grew strongly by 10.4 per cent in quarter on quarter (QoQ). Hospital occupancy rates, which rose by 340 … Read more
Indian rupee was trading flat against the US dollar on Tuesday, tracking firm American currency against its major peers overseas and after US President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China. Meanwhile, rupee positively influenced by the MSCI equity index rebalancing and increased foreign investor activity. … Read more