Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that India's petrochemical sector is on track to touch $300 billion next year, with the potential to reach upwards of $1 trillion in 2040. The growth in the sector means more jobs, growth, and a sustainable, self-sufficient future for every Indian. He stated … Read more
South Korea aims to fully self-supply radioactive isotopes by 2030 as part of efforts to foster the local radiobiology industry and begin exporting radiopharmaceuticals by 2035, the science ministry said on Thursday. "We have devised a strategy to spearhead into the global radiopharmaceuticals market by improving domestic production capabilities of radioactive isotopes and securing infrastructure … Read more
Gold prices touched a more than three-week low on Thursday, as the dollar strengthened after Donald Trump's win in the U.S. presidential election, while focus was also on the Federal Reserve's interest rate decision later in the day. Spot gold fell 0.1% to $2,656.34 per ounce, as of 0327 GMT, after hitting its lowest level … Read more
The Indian rupee is likely to open near its lifetime low on Thursday and possibly decline further through the session, fueled by bets that Donald Trump's U.S. presidency will herald a period of a stronger dollar and higher U.S. interest rates. The 1-month non-deliverable forward indicated that the rupee will open near its close, and … Read more
The dollar hovered off a four-month high on Thursday as the market continued to digest Republican Donald Trump's win in the U.S. presidential election, while investors eyed several central bank decisions that will be topped off by the Federal Reserve. The Fed is expected to cut interest rates by 25 basis points later in the … Read more
Oil prices edged up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and higher inventories. Brent crude oil futures rose 26 cents, or 0.35%, to $75.18 per barrel by 0125 … Read more
State-owned Power Grid Corporation of India on Wednesday announced a consolidated net profit at Rs 3,793.02 crore in the July-September quarter of the current financial year in a regulatory filing. The second quarter profit of the power transmission giant remained flat as it had reported a consolidated net profit of Rs 3,781.42 crore in the … Read more
Gautam Adani, Chairman of the Adani Group, on Wednesday congratulated Donald Trump for his resounding victory in the US presidential election, saying it is fascinating to see America’s democracy empower its people and uphold the nation's founding principles. Trump is set to become America’s 47th President, in a most momentous comeback in political history. … Read more
Indian shares are set to open flat on Thursday, after logging gains in the previous session on Republican Donald Trump's win in the U.S. presidential race, while investors await Federal Reserve's rate decision to gauge the interest rate trajectory. The Gift Nifty futures were trading at 24,466, as of 07:58 a.m. IST, indicating that the … Read more
The FIIs as per Wednesday's data were net sellers in equity segments, while net buyers in debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 12784.51 crore against gross selling of Rs 14523.80 crore. Thus, FIIs stood as net sellers of Rs 1739.29 crore in equities. … Read more