The Indian rupee will be pressured by the rise in U.S. Treasury yields and the dollar on Thursday amid mounting expectations that the Federal Reserve could deliver a smaller rate cut at its November meeting. The one-month non-deliverable forward indicated that the rupee will open barely changed from 83.9625 in the previous session. The rupee … Read more
The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The dollar index, which measures the currency against six key rivals, was steady after … Read more
Indian shares are set to open higher on Thursday, tracking Asian peers, after minutes from the Federal Reserve's latest policy meeting indicated more U.S. rate cuts, which could likely trigger higher foreign inflows to emerging markets. The Gift Nifty was trading at 25,192, as of 7:57 a.m. IST, indicating that the benchmark Nifty 50 will … Read more
Despite the global headwinds, India may surprise the world with its impressive GDP growth this year too, staying significantly above the forecast of 7 per cent by several organisations, PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday. India has surprised the world with its resilient economic growth trajectory in recent years. “The post-Covid … Read more
The FIIs as per Wednesday'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 15789.06 crore against gross selling of Rs 21169.76 crore. Thus, FIIs stood as net sellers of Rs 5380.70 crore in equities. In the debt … Read more
Indian frontline equity indices closed in the red on Wednesday as they erased gains in the last hour with Reliance, and Nestle shares pulling them lower. At closing, Sensex closed at 81,467, down 167 points, or 0.21 per cent, and Nifty closed at 24,981, down 31 points or 0.12 per cent. The market sentiment … Read more
The change in the RBI's stance to "neutral" from "withdrawal of accommodation" has given a signal about the interest rates reversing downwards in the next few quarters, leading industry chambers and experts said on Wednesday. Describing the RBI monetary policy review as "realistic and pragmatic", Assocham said the change in stance signals an impending … Read more
Tech majors Infosys and Microsoft on Wednesday announced to expand their collaboration to help accelerate customer adoption of generative AI and Microsoft Azure globally. The move is aimed at helping Infosys’ and Microsoft’s joint customers realise the value of their technology investments and secure transformative outcomes. Infosys became an early adopter of GitHub Copilot. It … Read more
Private equity (PE) investment in India's real estate sector surged by 9 per cent to reach $2.2 billion in the third quarter (July-September period) this year, which is double the investment made in the same quarter last year. In the first nine months this year, private equity players invested $3.9 billion in real estate in … Read more
Hyundai Motor Co expects India to be a fast-growing market and plans to make it a global manufacturing hub, a top company executive said on Wednesday, as the South Korean carmaker gears up to launch its Indian IPO next week. The listing will be India's largest IPO and will see the South Korean parent sell … Read more