The dollar climbed to a two-week top against the euro on Monday as traders pared bets for aggressive policy easing by the Federal Reserve with the focus now moving to a crucial U.S. jobs report at the end of this week. The dollar advanced to its strongest since Aug. 21 on the yen, buoyed by … Read more
Indian shares are likely to open at record highs on Monday after data showed the country's economic growth outperformed major economies despite slowing down, while investors eye auto stocks after monthly sales data released over the weekend. The GIFT Nifty was trading at 25,416 points as of 7:24 a.m. IST, indicating that the NSE Nifty … Read more
Oil prices extended losses on Monday with investors weighing higher OPEC+ production from October against a sharp drop in output from Libya amid sluggish demand in China and the U.S., the world's two biggest oil consumers. Brent crude futures fell 57 cents, or 0.7%, to $76.36 a barrel by 0108 GMT while U.S. West Texas … Read more
Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. A holiday in the United States and Canada made for thin liquidity, while wins for far-right … Read more
Markets continued their gains and made new highs on an intraday and closing basis on the benchmark indices. The benchmark indices recorded gains on all five trading sessions of the week. In doing so, NIFTY has created a new record of gaining 12 straight sessions. BSE SENSEX could not do so as it had … Read more
On the 65th anniversary of Indian Oil Corporation Limited (IOCL), Union Minister for Petroleum and Natural Gas Hardeep Singh Puri acknowledged the "extraordinary contributions" of the company and wished the organisation "continued success in its journey of excellence". The Union minister also commended the company’s role in protecting Indian citizens from soaring global fuel … Read more
Retail investors are leading the Indian stock market and at least 2.2 crore of over 10 crore investors on the National Stock Exchange (NSE) are now women. There are approximately 10 crore registered investors on the NSE and out of that, around 22 per cent are female investors, said Tirthankar Patnaik, chief economist at the … Read more
The Unified Payments Interface (UPI) saw 41 per cent growth (year-on-year) at record 14.96 billion transactions in the month of August, as total transaction amount touched Rs 20.61 lakh crore — a 31 per cent YoY growth, the National Payments Corporation of India (NPCI) data showed on Sunday. The average daily transaction amount stood at … Read more
The Unified Payments Interface (UPI) saw 41 per cent growth (year-on-year) at record 14.96 billion transactions in the month of August, as total transaction amount touched Rs 20.61 lakh crore — a 31 per cent YoY growth, the National Payments Corporation of India (NPCI) data showed on Sunday. The average daily transaction amount stood at … Read more
The Unified Payments Interface (UPI) saw 41 per cent growth (year-on-year) at record 14.96 billion transactions in the month of August, as total transaction amount touched Rs 20.61 lakh crore — a 31 per cent YoY growth, the National Payments Corporation of India (NPCI) data showed on Sunday. The average daily transaction amount stood at … Read more