Rail Vikas Nigam is currently trading at Rs. 444.25, up by 7.70 points or 1.76% from its previous closing of Rs. 436.55 on the BSE. The scrip opened at Rs. 444.95 and has touched a high and low of Rs. 450.40 and Rs. 442.30 respectively. So far 128605 shares were traded on the counter. The … Read more
Finance Minister Nirmala Sitharaman said on Monday that the Asian Infrastructure Investment Bank (AIIB) should broaden its investment in priority sectors of climate adaptation and resilience, infrastructure development, energy security, urban development and extend support for India’s next-generation reforms. She also stressed upon the importance of continually incorporating finance plus and budget plus elements … Read more
Gujarat Cooperative Milk Marketing Federation (GCMMF) Managing Director Jayen S. Mehta said on Monday that the dairy co-operative was poised to debut in the European market with its popular Amul products by the end of this month. "The company will launch the products in Spain first and then look at expanding to other countries in … Read more
Union Commerce and Industry Minister Piyush Goyal on Monday exhorted graduates of the Indian Institute of Foreign Trade (IIFT) to stay informed about new trade agreements, and use these as avenues to create fresh business opportunities and access new markets. In his virtual address during the 57th IIFT Convocation here, the minister noted that this … Read more
Highlighting that Russia-India business relations continue to strengthen amid the "external economic pressure", Russian First Deputy Prime Minister Denis Manturov on Monday outlined development of the transport industry and increasing the potential of the nuclear sector among the priority technological areas of future cooperation between Moscow and New Delhi. Manturov and External Affairs Minister … Read more
The Indian rupee is likely to open at a lifetime low on Tuesday, weighed by the rally in the dollar index and the slump in the Chinese yuan in the wake of Donald Trump's victory in the U.S. Presidential election. The 1-month non-deliverable forward indicated that the rupee will open at 84.40-84.42 to the U.S. … Read more
Asian stocks eased while the dollar held at four-month highs on Tuesday, though all the excitement was centred on bitcoin as it soared to a record peak underpinned by investor bets on assets that are likely to benefit from Donald Trump's election win. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax … Read more
Indian shares are likely to open higher on Tuesday, after three straight sessions of declines weighed by concerns of dull earnings and foreign outflows, with focus now on Hindalco and Britannia after earnings. The Gift Nifty futures were trading at 24,257, as of 08:05 a.m. IST, indicating that the benchmark Nifty 50 will open above … Read more
Gold ticked up on Tuesday but hovered near a one-month low, while investors awaited U.S. economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory. Spot gold rose 0.2% at $2,624.17 per ounce by 0155 GMT, after hitting its lowest since Oct. 10 on Monday. U.S. gold futures rose … Read more
The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than … Read more