The National Internet Exchange of India (NIXI) has a very important role to play in the field of Internet, not just at national level but also globally, the government said on Wednesday. NIXI has unveiled its new office at the World Trade Centre in the national capital, along with launching new initiatives. S. Krishnan, Secretary, … Read more
Credit rating agency ICRA in its latest report has said that the credit profile of the domestic non-ferrous metal players is likely to remain healthy in FY2025 driven by resilient base metal prices. According to ICRA's latest research, international base metal prices rose by around 12-14% in 7M FY2025 compared to the same period last … Read more
Force Motors is currently trading at upper limit of Rs. 7654.00, up by 1275.65 points or 20.00% from its previous closing of Rs. 6378.35 on the BSE. The scrip opened at Rs. 7250.05 and has touched a high and low of Rs. 7654.00 and Rs. 7107.15 respectively. So far 18258 shares were traded on the … Read more
Indian rupee weakened against the US dollar on Wednesday, pressured by sluggish domestic equities and persistent foreign fund outflows from the country's share markets. Foreign institutional investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 548.69 crore, exchange data showed. Rupee sentiments declined further ahead of next week's … Read more
Paras Defence And Space Technologies is currently trading at its upper circuit limit of Rs. 1008.35, up by 48.00 points or 5.00% from its previous closing of Rs. 960.35 on the BSE. The scrip opened at Rs. 965.00 and has touched a high and low of Rs. 1008.35 and Rs. 965.00 respectively. So far 16990 … Read more
India's central bank will cut its key policy rate in December by a quarter point to 6.25% to bolster slowing economic growth, according to a slim majority of economists in a Reuters poll who also expect inflation to moderate in the near-term. Inflation unexpectedly spiked to 5.49% in September, but was forecast to cool to … Read more
As gold prices continue to surge amid geo-political tensions, the Reserve Bank of India (RBI) had 854.73 metric tonnes of gold as of September 30 and out of which, 510.46 metric tonnes were held domestically. Gold held domestically surged more than 102 tonnes between April and September this year to 510.46 metric tonnes, against 408 … Read more
Gold hit an all-time peak on Wednesday as investors flocked towards the safe-haven metal less than a week before the U.S. presidential election, while they awaited economic data for clues on the Federal Reserve's rate stance. Spot gold was up 0.2% at $2,779.39 per ounce as of 0308 GMT, after hitting an all-time high of … Read more
Oil prices stabilised on Wednesday on industry data showing a surprise drop in U.S. crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East. Brent crude futures gained 21 cents, or 0.3%, to $71.33 a barrel by 0002 GMT. U.S. West Texas Intermediate crude futures … Read more
Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday, hoping bullion would continue to rally and deliver promising returns amid a cooling stock market, industry officials told Reuters. Robust demand in the world's second-biggest gold consumer could further support global prices, which hit … Read more