Gold prices held steady on Wednesday as investors braced for a monthly U.S. payrolls report that could influence how swiftly and deeply the Federal Reserve cuts interest rates this year. Spot gold held its ground at $2,493.34 per ounce by 0200 GMT after hitting its lowest level in more than a week on Tuesday. U.S. … Read more
Asian shares and global stock futures tumbled on Wednesday while oil prices hit multi-month lows as a sharp tech selloff on Wall Street and resurgent worries about U.S. growth drove investors out of risky assets. Japan's Nikkei led the slump in Asia, falling more than 3%, while MSCI's broadest index of Asia-Pacific shares outside Japan … Read more
India's benchmark indexes are likely to open lower on Wednesday, tracking a drop in Asian shares, on resurgent worries over U.S. slowdown and as traders turn cautious ahead of key data that could gauge the quantum of Federal Reserve's interest rate cut. The GIFT Nifty was trading at 25,171 points, as of 7:50 a.m. IST, … Read more
SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank of America, Citi, JP Morgan and Morgan Stanley to manage … Read more
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts. Sensex closed with a slight fall of 4.40 points at 82,555 while Nifty rose by one point at 25,279. Market sentiment was positive. On the Bombay Stock Exchange (BSE), at closing 2,011 shares were in the green, … Read more
Regency Ceramics is currently trading at its upper limit of Rs. 57.22, up by 2.72 points or 4.99% from its previous closing of Rs. 54.50 on the BSE. The scrip opened at Rs. 57.22 and has touched a high and low of Rs. 57.22 and Rs. 57.22 respectively. The BSE group 'T' stock of face … Read more
India's Bajaj Housing Finance is targeting a valuation of 582.97 billion rupees ($6.94 billion) through its $782 million initial public offering, a term sheet showed on Tuesday. The home loan financing unit of Bajaj Finance has set a price band of 66-70 rupees per share for the IPO, which will run from Sept. 9 to … Read more
The World Bank in its latest ‘India Development Update: India’s Trade Opportunities in a Changing Global Context’ has said that the Indian economy continues to grow at a healthy pace despite challenging global conditions. But to reach its $1 trillion merchandise exports goal by 2030, India needs to diversify its export basket and leverage global … Read more
The Centre on Tuesday requested state governments to extend the benefits of the Pradhan Mantri Awas Yojana (PMAY) to disadvantaged workers, to ensure social justice and enhance ease of living. The Ministry of Labour and Employment said it has issued a letter to all state governments, urging the inclusion of migrant workers, building workers, beedi … Read more
Integrated Industries is currently trading at Rs. 397.70, up by 3.05 points or 0.77% from its previous closing of Rs. 394.65 on the BSE. The scrip opened at Rs. 403.95 and has touched a high and low of Rs. 404.95 and Rs. 393.00 respectively. So far 25298 shares were traded on the counter. The BSE … Read more