The Indian rupee is likely to open nearly unchanged on Tuesday and trade in a narrow range amid expectations that the country's central bank intervention will offset the impact of a jump in the U.S. Treasury yields. The 1-month non-deliverable forward indicated that the rupee will open at 84.07-84.08 to the dollar, compared with 84.0725 … Read more
Indian shares are set to open flat on Tuesday, with lacklustre earnings and sustained foreign selling weighing on markets, while caution over the Middle East conflict dragged global equities lower. The Gift Nifty was trading at 24,815 as of 08:03 a.m. IST, indicating that the benchmark Nifty 50 will open near its Monday's close of … Read more
The U.S. dollar clung to a two-and-half-month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge. The dollar's strength, boosted by rising Treasury yields, kept the pressure on the yen, euro and sterling – … Read more
Leading businessmen on Monday hailed India's growth trajectory under the "decisive leadership" of Prime Minister Narendra Modi, emphasising that this is truly India's century. Speaking to IANS on the sidelines of the NDTV World Summit, Baba Kalyani, Chairman and Managing Director of Bharat Forge, and Sudhakar Adapa, Founder & CEO of Bia Brands, highlighted India's … Read more
Asian stocks turned lower and the dollar stood by multi-month peaks on Tuesday as a sharp sell-off in bonds and a jump in gold suggested investors are hunkering down ahead of the U.S. election. Benchmark 10-year Treasury yields rose 11 basis points overnight and a further 1 bp in early Asia trade to 4.19%. Gold … Read more
Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. Brent crude futures for December delivery were down 26 cents, … Read more
With Prime Minister Narendra Modi asserting India has a 'double AI' advantage with the power of ‘Aspirational India’ and ‘Artificial Intelligence’ combining, Apollo Hospitals Managing Director, Suneeta Reddy on Monday said that India is at the forefront of being able to lead this revolution. In the era of Artificial Intelligence, India is powered by another … Read more
The FIIs as per Monday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 12969.00 crore against gross selling of Rs 18112.98 crore. Thus, FIIs stood as net sellers of Rs 5143.98 crore in equities. In the debt … Read more
Aadit Palicha, Co-Founder & CEO of Zepto on Monday credited Modi government for creating an 'enabling' atmosphere for mushrooming of start-ups and expressed optimism that the the greenhorn businesses will power the next phase of growth. Speaking to the media persons on the sidelines of the NDTV World Summit, Aadit Palicha said, "This is … Read more
Bigger homes continue to dominate demand in India and in the first half this year, at least 51 per cent property preferred 3-BHKs and 39 per cent opted for 2-BHKs, a report showed on Monday. Premium and luxury homes demand surged as 28 per cent respondents now prefer homes priced between Rs 90 lakh–Rs 1.5 … Read more