Indian rupee strengthened slightly against the US dollar on Tuesday tracking a retreating American currency, weakness in the crude oil prices, and likely intervention by the Reserve Bank of India (RBI). However, unabated outflow of foreign funds and persisting Middle East tensions have limited further gains in rupee sentiments. Foreign institutional investors were net sellers in … Read more
As the enterprises strive to embed the environmental, social, and governance (ESG) framework into their core business model, industry experts on Tuesday said they are trying to make transportation in India more sustainable by lowering the consumption of petroleum and diesel. India has been seeing record petrol and diesel consumption in vehicle sales, while electric … Read more
The enterprise information and Communication Technology (ICT) market in India is set to increase at a sound compound annual growth rate (CAGR) of 17.1 per cent, increasing from $161.3 billion in 2023 to $354.6 billion in 2028, a report showed on Tuesday. The revenue opportunity is driven by the ongoing digital transformation initiatives taken up … Read more
Ratings agency ICRA has said that Indian apparel exporters are expected to register a 9-11 per cent revenue expansion in current fiscal (FY25) aided primarily by gradual liquidation of retail inventory in key end markets and a shift in global sourcing to India. With the revival in demand, it expects the capex spending to increase … Read more
EPACK Durable is currently trading at its upper circuit limit of Rs. 407.60, up by 19.40 points or 5.00% from its previous closing of Rs. 388.20 on the BSE. The scrip opened at Rs. 407.60 and has touched a high and low of Rs. 407.60 and Rs. 407.60 respectively. So far 1037 shares were traded … Read more
The Indian rupee is likely to open nearly unchanged on Tuesday and trade in a narrow range amid expectations that the country's central bank intervention will offset the impact of a jump in the U.S. Treasury yields. The 1-month non-deliverable forward indicated that the rupee will open at 84.07-84.08 to the dollar, compared with 84.0725 … Read more
Indian shares are set to open flat on Tuesday, with lacklustre earnings and sustained foreign selling weighing on markets, while caution over the Middle East conflict dragged global equities lower. The Gift Nifty was trading at 24,815 as of 08:03 a.m. IST, indicating that the benchmark Nifty 50 will open near its Monday's close of … Read more
The U.S. dollar clung to a two-and-half-month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge. The dollar's strength, boosted by rising Treasury yields, kept the pressure on the yen, euro and sterling – … Read more
Leading businessmen on Monday hailed India's growth trajectory under the "decisive leadership" of Prime Minister Narendra Modi, emphasising that this is truly India's century. Speaking to IANS on the sidelines of the NDTV World Summit, Baba Kalyani, Chairman and Managing Director of Bharat Forge, and Sudhakar Adapa, Founder & CEO of Bia Brands, highlighted India's … Read more
Asian stocks turned lower and the dollar stood by multi-month peaks on Tuesday as a sharp sell-off in bonds and a jump in gold suggested investors are hunkering down ahead of the U.S. election. Benchmark 10-year Treasury yields rose 11 basis points overnight and a further 1 bp in early Asia trade to 4.19%. Gold … Read more