Oil prices were flat on Thursday as concerns about lower demand erased the gains from the previous session spurred by Hurricane's Francine's impact on output in the U.S., the world's biggest crude producer. Brent crude futures for November were up 24 cents, or 0.34% at $70.86 a barrel. U.S. crude futures for October were up … Read more
Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after U.S. core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve next week. Investors are now awaiting a policy decision from the European Central Bank later in … Read more
Indian shares are set to open higher on Thursday on expectations of a rise in foreign inflows into domestic equities after U.S. inflation data firmed bets of a 25 basis point Federal Reserve rate cut. The GIFT Nifty was at 25,076 points, as of 08:20 a.m. IST, indicating the NSE Nifty 50 will open above … Read more
The FIIs as per Wednesday'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 17619.47 crore against gross selling of Rs 14657.03 crore. Thus, FIIs stood as net buyers of Rs 2962.44 crore in equities. In the debt … Read more
Our dream is that every device in the world will have an Indian-made chip and 100 per cent of electronic manufacturing should happen in the country, Prime Minister Narendra Modi said on Wednesday. Inaugurating the ‘Semicon India 2024’ at the India Expo Mart in Greater Noida, PM Modi said the meaning of chips in India … Read more
With artificial intelligence (AI) fuelling global semiconductor demand, around 150 new fabrication units will be required to meet the industry’s ambitious $1 trillion target by 2030 and India will need to achieve exponential growth to maximise its share, industry leaders said on Wednesday. Speaking at the ‘Semicon India 2024’ event here inaugurated by Prime Minister … Read more
Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday announced it will develop a multi-purpose berth at Kandla Port in Gujarat. The Berth No 13 at Deendayal Port in Kandla will handle multipurpose cargo and is expected to be commissioned in FY27, India’s largest port developer-cum-operator said in a statement. "Berth No 13 will … Read more
The production-linked incentive (PLI) Auto scheme has helped generate more than 30,000 jobs till March this year, the government has said. The PLI Auto scheme attracted Rs 74,850 crore in proposed investments, with Rs 17,896 crore already invested, according to Union Heavy Industries Minister HD Kumaraswamy. Speaking at the Society of Indian Automobile Manufacturers’ (SIAM) … Read more
The Indian equity markets closed in the red on Wednesday due to weak global sentiments. At closing, Sensex was down 398 points, or 0.49 per cent, at 81,523 and Nifty was down 122 points, or 0.49 per cent, at 24,918. Selling was led by banking stocks. Nifty Bank was down by 262 points, or 0.51 … Read more
BCPL Railway Infrastructure is locked its upper circuit limit at Rs. 99.05, up by 4.71 points or 4.99% from its previous closing of Rs. 94.34 on the BSE. The scrip opened at Rs. 93.10 and has touched a high and low of Rs. 99.05 and Rs. 92.90 respectively. So far 48821 shares were traded on … Read more