Indian Rupee strengthened from its all-time low level against the US dollar on Thursday, tracking weakness in the American currency and foreign fund inflows. Foreign Institutional Investors were net buyers in the capital markets on Wednesday, as they purchased shares worth Rs 1,797.60 crore, exchange data showed. Meanwhile investors are awaiting the Reserve Bank of … Read more
Global technology brand OnePlus on Thursday announced annual investment of Rs 2,000 crore in India over the next three years (till 2027) to accelerate innovations in products and services in the country. The Rs 6,000 crore investment plan over the three years, launched under the name of ‘Project Starlight,’ is a strategic vision for the … Read more
The domestic startup ecosystem is driving transformative change by democratising business and converting job seekers into job creators, Union Minister of Commerce and Industry, Piyush Goyal, said on Thursday. Applauding the launch of Startup Policy Forum (SPF), a first-of-its-kind industry alliance dedicated to representing and advancing India’s new-age economy, the minister said he is glad … Read more
Bondada Engineering is currently trading at Rs. 596.00, up by 7.05 points or 1.20% from its previous closing of Rs. 588.95 on the BSE. The scrip opened at Rs. 608.80 and has touched a high and low of Rs. 608.80 and Rs. 594.80 respectively. So far 34800 shares were traded on the counter. The BSE … Read more
The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while bitcoin galloped past $100,000 for the first time. The world's best known cryptocurrency has been on a tear since November on expectations that Donald Trump's U.S. election win will usher in … Read more
Bitcoin broke $100,000 on Thursday as investors bet on a friendly regulatory shift in the U.S., while Asian stocks were firm after Wall Street indexes notched record highs on growing confidence in U.S. interest rate cuts. Bitcoin hit the $100,000 mark in the Asia morning and was last at $101,300. "At the end of the … Read more
Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. Bitcoin has more than doubled in value this year and is up about 45% in the four weeks since … Read more
The Indian rupee is likely to open little changed on Thursday, holding near its all-time low, amid a weak near-term outlook and data out of the U.S. that supported a Federal Reserve rate cut this month. The 1-month non-deliverable forward indicated the rupee will open at 84.72-84.75 to the U.S. dollar, compared with its close … Read more
Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle East. Brent crude futures climbed 12 cents, or 0.2%, to $72.43 a barrel by 0103 GMT while U.S. crude … Read more
The Indian rupee will break through 85 per U.S. dollar to hit a new low in the next six months even as the Reserve Bank of India continues to intervene to stem the currency's losses, according to a Reuters poll of FX strategists. The results come days after news that growth in India, the world's … Read more