Month: December 2024

India's digital infrastructure has undergone a transformative evolution in recent years and so far, 138.34 crore Aadhaar numbers have been generated, the government announced on Sunday.   DigiLocker, a platform for digital document verification, now stores 776 crore documents, serving more than 37.046 crore users. Digital Infrastructure for Knowledge Sharing (DIKSHA), the world’s largest education … Read more

Gold prices gained on Monday as investors awaited U.S. inflation data due this week for clues on the Federal Reserve’s next monetary policy moves. Spot gold was up 0.5% at $2,644.91 per ounce, as of 0238 GMT. Bullion fell nearly 1% last week. U.S. gold futures added 0.3% to $2,666.80. Gold is supported by headlines … Read more

 The Indian rupee is likely to open slightly lower on Monday as expectations surrounding the incoming Trump administration's policies keep the dollar well-bid despite heightened hopes of a Federal Reserve rate cut this month. The 1-month non-deliverable forward indicated the rupee would open at 84.69-84.70 to the U.S. dollar, compared with its close of 84.6875 … Read more

Oil prices nudged higher on Monday as heightened tensions in the Middle East following the overthrow of Syrian President Bashar al-Assad by rebels offset concerns over weak Chinese demand that was highlighted by Saudi Aramco's price cuts to Asian buyers. Brent crude futures rose 22 cents, or 0.3%, to $71.34 per barrel by 0140 GMT. … Read more

The Indian rupee is expected to be range-bound, along with government bond yields, as they take cues from local and U.S. inflation data this week that is likely to influence expectations of potential rate cuts by central banks. The rupee closed at 84.6875 against the U.S. dollar on Friday, down 0.2% week-on-week. The currency had … Read more

Researchers from City University of Hong Kong (CityUHK) on Sunday said they have discovered a new vortex electric field with the potential to enhance future electronic, magnetic and optical devices.  The research, published in Science, is highly valuable as it can upgrade the operation of many devices, including strengthening memory stability and computing speed.  With … Read more

Asian shares struggled with a slide in South Korea on Monday ahead of a packed week of central bank meetings that should see borrowing costs take a step lower, while U.S. inflation data are the last hurdle to a further policy easing there. Chinese figures out on Monday showed the consumer price index fell a … Read more

Indian shares are set to open flat on Monday, after logging their best week since June on Friday, with traders expecting marginal moves ahead of U.S. and domestic inflation data this week. The Gift Nifty futures were trading at 24,731.5 as of 8:12 a.m. IST, indicating that the benchmark Nifty 50 will open near Friday's … Read more

India has been growing rapidly amidst a slowing global economy due to the Government's prudent fiscal management for macroeconomic stability, CII director Chandrajit Banerjee said on Sunday.  Elaborating on the CII suggestions for the forthcoming Union Budget, he said, "The fiscal management has maintained the perfect balance between the fiscal deficit and fiscal support to … Read more