The Ministry of Trade and Industry of Singapore has said that India and Singapore agreed to cooperate in the development of the semiconductor ecosystem. Both countries signed a Memorandum of Understanding (MoU) for cooperation in the sector. The MOU was exchanged in the presence of India’s Prime Minister Narendra Modi and Prime Minister Lawrence Wong … Read more
The Indian rupee rose on Friday after disappointing U.S. private payrolls data fuelled expectations of a weaker jobs report, prompting traders to avoid the U.S. dollar. The rupee was at 83.9350 to the U.S. dollar at 9:30 a.m. IST, up from 83.9825 in the previous session. U.S. private employers hired the fewest number of workers … Read more
Asian shares clung to tight ranges and the dollar nursed losses on Friday, with investors on tenterhooks ahead of U.S. jobs data that could decide the size and speed of coming rate cuts in the world's largest economy. As of now, oil prices are staring down their worst week in more than a year to … Read more
Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed U.S. employment data. Brent crude futures rose 19 cents, or 0.26%, to $72.88 at 0010 GMT, and U.S. West Texas Intermediate crude futures were up … Read more
Global e-commerce major Amazon on Thursday said it is on track to enable Indian businesses surpass $13 billion in cumulative e-commerce exports from India by the end of year. The company said that as part of its ‘Amazon Global Selling’ programme launched in 2015, 1.5 lakh exporters have cumulatively sold over 40 crore ‘Made in … Read more
It is now well established that by the end of this decade, India is set to be the world’s third-largest economy under Prime Minister Narendra Modi-led government’s third term, Gautam Adani, the Chairman of the Adani Group, said here on Thursday. In his address at the city’s Jai Hind College on the occasion of Teachers’ … Read more
Gold held below a one-week high on Friday and was on track for a weekly gain, as market participants focussed on U.S. jobs data that could shape the size of an expected rate cut this month. Spot gold was little changed at $2,516.00 per ounce as of 0221 GMT, after hitting a one-week high of … Read more
India's benchmark indexes are set to open little changed on Friday, as traders await a crucial U.S. jobs report to gauge the size and speed of the Federal Reserve's interest rate cuts. The GIFT Nifty was trading at 25,176 points as of 8:05 a.m. IST, indicating that the NSE Nifty 50 will open near its … Read more
The U.S. dollar sagged near a one-week low versus major peers on Friday with job market indicators sending mixed signals ahead of crucial monthly payrolls data later in the day that is almost certain to set the pace for Federal Reserve policy easing. The dollar index, which gauges the currency against a basket of six … Read more
The FIIs as per Thursday'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 17701.36 crore against gross selling of Rs 16115.43 crore. Thus, FIIs stood as net buyers of Rs 1585.93 crore in equities. In the debt … Read more