The Indian rupee is expected to open largely unchanged on Monday, buoyed by expectations of the country's central bank yet again stepping in to negate the impact of a stronger dollar and a rise U.S. Treasury yields. The 1-month non-deliverable forward indicated that the rupee will open nearly flat from 84.08 in the previous session, … Read more
The yen sank to a three-month low on Monday as investors figured the loss of a parliamentary majority for Japan's ruling coalition in weekend elections would slow future rate rises, while the dollar headed for a monthly gain on rising U.S. yields. In the Asia session, the yen dropped 1% to 153.84 per dollar and … Read more
Gold prices fell on Monday as the U.S. dollar held firm, while investors awaited U.S. economic data for fresh insights on the Federal Reserve's monetary policy path. Spot gold fell 0.5% to $2,733.01 per ounce, as of 0232 GMT. U.S. gold futures declined 0.3% to $2,745.5. The dollar index gained 0.2%, on track for its … Read more
Oil prices tumbled more than $3 a barrel on Monday after Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at … Read more
The yen hit a three-month low on Monday as Japan's ruling party lost its parliamentary majority, while oil tumbled after Israel's weekend strike on Iran bypassed oil or nuclear targets. Japan's Nikkei, after initially falling, rose 1.6% and the yen slipped as far as 0.5% to 153.3 per dollar following the ruling Liberal Democratic Party's … Read more
Indian shares are set to open flat on Monday, as investor sentiment remained tepid due to sustained foreign selling and lacklustre corporate quarterly earnings. The Gift Nifty was trading at 24,222, as of 07:37 a.m. IST, indicating that the benchmark Nifty 50 will open near Friday's close of 24,180.8. The Nifty 50 and BSE Sensex … Read more
The major initiatives undertaken in the science and technology sectors by the Prime Minister Narendra Modi-led government is aimed at realising "Viksit Bharat", said Union Minister Dr. Jitendra Singh on Sunday. Speaking to the media, Singh laid out the government’s bold and strategic "science push" which includes the launching of a Rs 1,000 crore venture … Read more
The number of crorepati taxpayers in India increased five times to 2.2 lakh in the income tax assessment year (AY) 2024, compared to AY 2014, according to a new report. In the last 10 assessment years, while the total number of taxpayers increased by 2.3 times to 8.62 crore in AY24, the growth is … Read more
India will need more formal and quality jobs to ensure better income distribution as it becomes a $5 trillion economy in the medium term and advances toward its long-term goal of embodying Viksit Bharat or a fully developed nation by 2047, according to a new report. The government’s focus on expanding the manufacturing sector is … Read more
Prime Minister Narendra Modi, along with his Spanish counterpart Pedro Sanchez, will inaugurate the Tata Advanced Systems Ltd's (TASL) Tata Aircraft Complex, which will produce the C-295 military tactical transport aircraft, in Gujarat's Vadodara on Monday. TASL will produce 40 C-295 aircraft in this factory, which will be the first private assembly line for military … Read more