Indian consumer inflation probably held below the Reserve Bank of India's 4.0% medium-term target for a second month in August thanks to a moderation in food price rises due to last year's high base, a Reuters poll of economists found. Although food prices, which make up nearly half the inflation basket, have eased significantly in … Read more
Indian shares are set to open higher on Tuesday, tracking a rebound in global stocks ahead of the key U.S. inflation data and the Federal Reserve's interest rate decision. The GIFT Nifty was at 25,035 points, as of 08:06 a.m. IST, indicating the NSE Nifty 50 will open above its previous close of 24,936.4. The … Read more
Indian equity indices closed higher on Monday, snapping its three-day losing streak following a rally in FMCG and private bank stocks. At closing, the Sensex was up 375 points or 0.46 per cent at 81,559 and the Nifty was up 84 points or 0.34 per cent at 24,936. The market was led by private banking … Read more
Life Insurance Corporation (LIC) of India saw a 35.1 per cent surge in its new business premium for the month of August to Rs 19,309.10 crore, from Rs 14,292.53 crore in the same month last year, showed data by the Life Insurance Council on Monday. The LIC’s new business premium collection for the first five … Read more
India Inc saw a huge 63 per cent increase in deal value for the month of August at $8.7 billion amid geopolitical challenges, as telecom, energy and EV sectors shined, a report showed on Monday. Excluding IPOs and Qualified institutional placements (QIPs), the month saw a total of 179 deals. Overall volumes saw a modest … Read more
As road infrastructure and connectivity significantly improved in the last 10 years under the Prime Minister Narendra Modi’s vision, the global hospitality majors are strategically expanding their presence by developing hotels near major highways and key service stations, providing travellers with convenient and comfortable options for stays, industry leaders have said. The government has enhanced … Read more
The dollar recouped some of last week's losses on Monday as investors looked ahead to U.S. inflation data after Friday's mixed payrolls report sparked uncertainty about the size of a Federal Reserve rate cut next week. The yen weakened against the dollar after a four-day run of gains. It was last down 0.7% to 143.35 … Read more
The Abu Dhabi National Oil Company has agreed a 15-year deal to supply Indian Oil with 1 million metric tons per annum of liquefied natural gas, the Abu Dhabi Media Office said on Monday. The LNG will mainly come from ADNOC's Ruwais LNG project, the government media office said. ADNOC has big ambitions in gas … Read more
Indian consumer inflation probably held below the Reserve Bank of India's 4.0% medium-term target for a second month in August thanks to a moderation in food price rises due to last year's high base, a Reuters poll of economists found. Although food prices, which make up nearly half the inflation basket, have eased significantly in … Read more
Star Housing Finance is currently trading at Rs. 49.00, up by 1.67 points or 3.53% from its previous closing of Rs. 47.33 on the BSE. The scrip opened at Rs. 47.33 and has touched a high and low of Rs. 52.20 and Rs. 47.20 respectively. So far 317554 shares were traded on the counter. The … Read more