Indian rupee weakened against the US dollar on Friday amid rising crude oil prices and constant FII outflows from Indian capital market, while weakness in domestic equities has also weighed on rupee sentiments. Foreign Institutional Investors were net sellers in the capital markets on Thursday, as they offloaded shares worth Rs 4,926.61 crore, exchange data … Read more
Credit rating agency ICRA in its latest report has said that the overall air cargo volumes are likely to witness healthy growth of around 9-11% YoY to around 3.6-3.7 million tonnes in FY25, supported by 11%-13% expansion in international and 4%-6% growth in domestic cargo. The international cargo volumes have seen a muted YoY rise … Read more
Aurionpro Solutions is currently trading at Rs. 1724.75, up by 36.65 points or 2.17% from its previous closing of Rs. 1688.10 on the BSE. The scrip opened at Rs. 1694.70 and has touched a high and low of Rs. 1763.80 and Rs. 1669.45 respectively. So far 5173 shares were traded on the counter. The BSE … Read more
After the Reserve Bank of India projected more than 7 per cent of GDP growth for the entire financial year 2024-25, State Bank of India (SBI) in its report has said that histrorically a rate cut with such a high growth has rarely, if ever, occurred in India or globally. The report also noted that … Read more
India has the golden opportunity to embrace technology as a great enabler and multiplier, driving India’s inclusive growth, industry experts and startup founders have stressed. The startup ecosystem will generate more employment and there is a need to strengthen the policy ecosystem further, according to Sunil Kant Munjal, Chairman, Hero Enterprises. “This is the phenomenal … Read more
Infosys is currently trading at Rs. 1928.15, up by 9.10 points or 0.47% from its previous closing of Rs. 1919.05 on the BSE. The scrip opened at Rs. 1918.05 and has touched a high and low of Rs. 1929.15 and Rs. 1909.90 respectively. So far 6174 shares were traded on the counter. The BSE group … Read more
The average monthly income of rural households saw a substantial rise of 57.6 per cent over a five-year period, up from Rs 8,059 in 016-17 to Rs 12,698 in 2021-22, according to government data on Thursday. This indicates a nominal compound annual growth rate (CAGR) of 9.5 per cent, according to the Ministry of … Read more
The Indian rupee is likely to open nearly flat on Friday and hold a narrow range after U.S. inflation data did not have much of an impact on the Federal Reserve near-term interest rate outlook. The one-month non-deliverable forward indicated that the rupee will open barely changed from 83.9675 in the previous session. U.S. September … Read more
Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. Brent crude oil futures fell 39 cents, or 0.5%, to $79.01 a barrel … Read more
Gold prices climbed on Friday after recent data supported bets for a Federal Reserve interest rate cut next month, while market participants awaited the U.S. Producer Price Index (PPI) report for further direction. Spot gold rose 0.5% to $2,641.70 per ounce by 0245 GMT but was down about 0.4% for the week. Prices hit a … Read more