The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. Mixed U.S. … Read more
The Indian rupee will be supported on Wednesday by the dip in U.S. Treasury yields and a reprieve for its Asian peers. The one-month non-deliverable forward indicated the rupee will open flat to marginally higher than its close of 84.0750 per U.S. dollar in the previous session. The 10-year U.S. Treasury yield retreated, having hit … Read more
Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world's second-largest economy, even as Beijing tries to shore up growth. Gold rose to an all-time high as jitters over the close U.S. presidential race supported the … Read more
Indian shares are set to open flat on Wednesday, with traders expecting caution to prevail due to persistent foreign selling and dull corporate earnings as investors await key U.S. data and outcome of the U.S. presidential election. The Gift Nifty futures were trading at 24,445.5, as of 07:55 a.m. IST, indicating that the benchmark Nifty … Read more
India’s gaming market is expected to leap from $3.7 billion in FY24 to an estimated $ 9.8 billion by FY29, with a robust CAGR of approximately 20 per cent, according to a report on Tuesday. The report, by 1Lattice, a tech-enabled market intelligence firm, highlights mid-core and hardcore gaming segments as key growth drivers. It … Read more
Enterprises expect an average boost of 15 per cent in productivity from their current artificial intelligence (AI) projects, with some even anticipating up to 40 per cent gains, a report said on Tuesday. However, only two per cent of organisations are ready across all five key dimensions: talent, strategy, governance, data, and technology, according to … Read more
The FIIs as per Tuesday'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 14100.27 crore against gross selling of Rs 16209.47 crore. Thus, FIIs stood as net sellers of Rs 2109.20 crore in equities. In the debt … Read more
The total quantum of gold being held by India's central bank in its foreign exchange reserves rose by the end of September, while the proportion of the yellow metal held domestically also jumped sharply, according to a half-year forex reserves management report on Tuesday. As of end-September, the Reserve Bank of India (RBI) held 854.73 … Read more
India's Adani Enterprises reported a more than seven-fold surge in second-quarter profit on Tuesday, as higher demand in its renewable energy division overshadowed weakness in the mainstay coal trading segment. The ports-to-power Adani Group's flagship firm posted a consolidated net profit of 17.42 billion rupees ($207.20 million) for the quarter ended Sept. 30, up from … Read more
India's equity market closed in the green on Tuesday as heavyweights like ICICI Bank and SBI led the gains. At Closing, Sensex was up 363 points or 0.45 per cent at 80,369 and Nifty 50 was up 127 points or 0.52 per cent at 24,466. Banking stocks drove a rally. Nifty Bank was up 1,061 … Read more