As India continues to break all previous records on local mobile manufacturing, tech giant Apple is on course to surpass the FY24 figures of exports from India, reaching over Rs 50,000 crore (more than $6 billion) in the first six months this fiscal (FY25), according to latest industry data. The iPhone exports from India surged … Read more
India bucked the global trend of decline in VC investment during the third quarter of 2024, with significant raises by consumer-focused businesses, according to a report on Tuesday. VC investment in India remained solid at $3.6 billion in the quarter, helped by a number of raises by consumer-focused businesses, according to the KPMG Private Enterprise’s … Read more
ICICI Bank is currently trading at Rs. 1310.70, up by 18.05 points or 1.40% from its previous closing of Rs. 1292.65 on the BSE. The scrip opened at Rs. 1300.00 and has touched a high and low of Rs. 1314.15 and Rs. 1299.70 respectively. So far 113724 shares were traded on the counter. The BSE … Read more
Tata Consultancy Services (TCS) on Tuesday announced a 15-year deal with Ireland’s Department of Social Protection (DSP) to provide digital solutions for the automatic enrolment of nearly 800,000 workers in that country. Building on its experience of delivering similar national programmes, TCS will partner with the DSP to launch Ireland’s 'Auto Enrolment Pensions Scheme’, providing … Read more
Indian rupee was trading flat against the US dollar on Tuesday, pressured by sluggish domestic equities and persistent foreign fund outflows from Indian capital market. Foreign institutional investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 3,228.08 crore, exchange data showed. Investors are cautious ahead of the … Read more
Indian rupee was trading flat against the US dollar on Tuesday, pressured by sluggish domestic equities and persistent foreign fund outflows from Indian capital market. Foreign institutional investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 3,228.08 crore, exchange data showed. Investors are cautious ahead of the … Read more
Rites is currently trading at Rs. 287.95, up by 2.30 points or 0.81% from its previous closing of Rs. 285.65 on the BSE. The scrip opened at Rs. 284.35 and has touched a high and low of Rs. 289.00 and Rs. 282.05 respectively. So far 39702 shares were traded on the counter. The BSE group … Read more
CRUDE OIL Observations Crudeoil trading range for the day is 5508-5990. Crude oil tumbled after Israel’s retaliatory strikes on Iran avoided the country’s crude facilities and nuclear infrastructure Signs of weak economic activity in China continued to weigh on sentiment. Elsewhere, market participants are watching for potential output adjustments from OPEC+ and the implications of … Read more
Asian stocks were mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day. The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges – the JOLTS job … Read more
Oil prices edged up on Tuesday, after a sharp plunge in the previous session, as a U.S. plan to purchase oil for the Strategic Petroleum Reserve provided support while investors remained focused on developments in the Middle East. Brent crude futures climbed 44 cents, or 0.6%, to $71.86 a barrel by 0025 GMT, while U.S. … Read more