The Indian rupee is expected to open little changed on Thursday, amid losses in Asian shares and U.S. equity futures and a pause in the dollar's upward momentum. The 1-month non-deliverable forward indicated that the rupee will open largely unchanged from 84.0775 per U.S. dollar in the previous session, when it hit an all-time low … Read more
Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support. Brent crude futures gained 35 cents, or 0.5%, to $72.90 a barrel by 0029 GMT. U.S. West … Read more
Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence. More megacap tech earnings are due later in the day from Apple and Amazon. The yen hovered close to a three-month low against the dollar, weighed down by … Read more
Indian shares are set to open flat on Thursday, and post their biggest monthly declines since March 2020, as sustained foreign fund outflows and lacklustre corporate earnings weigh on market sentiment. The Gift Nifty futures were trading at 24,275, as of 07:50 a.m. IST, indicating that the benchmark Nifty 50 will open near Wednesday's close … Read more
Indian shares are set to open flat on Thursday, and post their biggest monthly declines since March 2020, as sustained foreign fund outflows and lacklustre corporate earnings weigh on market sentiment. The Gift Nifty futures were trading at 24,275, as of 07:50 a.m. IST, indicating that the benchmark Nifty 50 will open near Wednesday's close … Read more
The FIIs as per Wednesday's data were net sellers in equity segments, while net buyers in debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15839.43 crore against gross selling of Rs 16732.06 crore. Thus, FIIs stood as net sellers of Rs 892.63 crore in equities. … Read more
Indian youth are among the best in innovation and technology, said Prime Minister Narendra Modi on Wednesday. He said this in reply to GitHub CEO Thomas Dohmke, who lauded India for being the fastest-growing developer population on the planet. "When it comes to innovation and technology, Indian youth are among the best!" PM Modi said, … Read more
As UPI-based digital payments surge, debit card-based transactions dropped almost 8 per cent from nearly Rs 43,350 crore in August to about Rs 39,920 crore in September, according to the Reserve Bank of India’s monthly data. On the other hand, credit card transactions grew in the country, which saw a nearly 5 per cent increase … Read more
Indian equity indices snapped a two-day gaining streak and ended in the red on Wednesday as selling was seen in the large-cap stocks like Infosys, ICICI Bank, Kotak Mahindra Bank, M&M, SBI, and HCL Tech. At closing, Sensex was down 426 points, or 0.53 per cent, at 79,942 and Nifty was down 126 points, or … Read more
Amid the rising influence of Artificial Intelligence (AI) and Generative AI, a new report on Wednesday showed that 7 in 10 or 70 per cent of business leaders in India aim to prioritise adoption of AI tools in 2025. The report from professional networking platform LinkedIn showed that workplace transformation is accelerating at an unprecedented … Read more