Indian shares are set to open higher on Monday after logging losses for five straight sessions, and tracking Asian peers after strong U.S. jobs data dispelled worries of a recession. The GIFT Nifty was trading at 25,253 points, as of 7:50 a.m. IST, indicating that the NSE Nifty 50 will open above its previous close … Read more
The Steel Authority of India Limited (SAIL) on Monday announced a collaboration with leading global resources company BHP to accelerate steelmaking decarbonisation in the country. SAIL, the largest government-owned steel producer in India, said the move is an important step for them in promoting lower carbon steelmaking technology pathways for the blast furnace (BF) route … Read more
Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of a recession and spurred a sharp paring of rate-cut bets. Short-term U.S. Treasury yields rose after the closely watched non-farm payrolls report on Friday showed the economy unexpectedly added the most … Read more
Gold prices eased on Monday as bets firmed for a smaller U.S. rate cut in November after strong jobs data, while investors awaited inflation data and comments from Federal Reserve officials for further cues. Spot gold slipped 0.2% to $2,647.49 per ounce by 0432 GMT. U.S. gold futures were unchanged at $2,667.10. The stronger-than-expected September … Read more
The Indian rupee is expected to hold near its all-time low on Monday after a blowout U.S. jobs report prompted investors to almost fully price out the likelihood of the Federal Reserve opting for one more large rate cut at their next meeting. The 1-month non-deliverable forward indicated that the rupee will open at 83.97-83.98 … Read more
Japan's yen fell to its lowest in nearly two months and other major currencies too were grappling with losses early on Monday as the dollar extended a rally sparked by Friday's strong U.S. jobs data and an escalation in the Middle East conflict. The yen fell marginally to hit 149.10 per dollar, its weakest level … Read more
Oil prices fell on Monday after posting their steepest weekly rise in over a year last week as oversupply concerns amid softer demand countered the worries of a wider Middle East war disrupting exports in the key producing region. Brent crude futures fell 31 cents, or 0.4%, to $77.74 per barrel by 0435 GMT. U.S. … Read more
The government on Sunday said it has earmarked Rs 1,000 crore for venture fund to space startups, an indication of high priority that the government gives to the space sector. Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said the decision was taken within first 100 days of the Prime … Read more
India's government approved the re-appointment of Reserve Bank of India deputy governor M.Rajeshwar Rao for a period of one year starting Oct. 9 or until further orders, it said late on Friday. Rao was first appointed deputy governor in September 2020 for a period of three years and was given a one year extension in … Read more
Dr. Reddy's Laboratories is currently trading at Rs. 6704.20, up by 68.70 points or 1.04% from its previous closing of Rs. 6635.50 on the BSE. The scrip opened at Rs. 6670.00 and has touched a high and low of Rs. 6708.50 and Rs. 6640.00 respectively. So far 1375 shares were traded on the counter. The … Read more