Asian stocks traded cautiously on Friday after a mixed reading on the health of China's economy, while Japanese markets were buoyed by a weaker yen. The dollar hovered close to an 11-week high versus major peers on Friday after robust U.S. economic data allowed for a more patient path of Federal Reserve easing. The U.S. … Read more
Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were headed for their biggest weekly loss in more than a month on worries of lower demand. Brent crude futures rose 16 cents, or 0.2%, to $74.61 a barrel by 0025 GMT … Read more
Adani Enterprises Limited (AEL) on Thursday said it has successfully raised $500 million (about Rs 4,200 crore) primary equity via qualified institutional placement (QIP) to further its growth plans. The flagship company of the Adani Group completed the QIP of face value of Rs 1 each, aggregating to Rs 4,200 crore. A total of 1,41,79,608 … Read more
India has the potential to become a science and technology-driven global biomanufacturing hub, the government has stressed. Union Minister of State for Science and Technology (Independent Charge), Dr Jitendra Singh, said the country should have a global vision about biochemical manufacturing and global strategies should be devised for this. Addressing an event at the CSIR-NIIST … Read more
India is poised to become the content creation capital of the world, with the market projected to grow from the current $30 billion to $480 billion by 2035, Union Minister for Communications Jyotiraditya Scindia has said. Addressing a panel discussion during the ‘India Mobile Congress 2024’ in the national capital, the minister emphasised the democratisation … Read more
Bajaj Housing Finance is currently trading at Rs. 138.75, up by 0.50 points or 0.36% from its previous closing of Rs. 138.25 on the BSE. The scrip opened at Rs. 138.00 and has touched a high and low of Rs. 140.95 and Rs. 135.80 respectively. So far 1637493 shares were traded on the counter. The … Read more
Direct tax collections have surged 182 per cent to over Rs 19.60 lakh crore in 2023-24 in the 10-year period of Prime Minister Narendra Modi-led government. The latest ‘Time Series Data’ released by the income tax department showed that the corporate tax collections more than doubled to over Rs 9.11 lakh crore in 10 years … Read more
Indian rupee weakened marginally against the US dollar on Friday amid unabated outflow of foreign funds from Indian capital markets in lieu of the China stimulus, while weakening American currency and higher crude oil prices have also weighed on rupee sentiments. Foreign institutional investors were net sellers in the capital markets on Thursday, as they … Read more
The International Telecommunication Union’s (ITU) 'World Telecommunication Standardization Assembly (WTSA) 2024’ in India saw highest-ever women participation in its history, marking a significant step toward gender-balanced delegations and leadership roles, it was announced on Friday. According to Doreen Bogdan-Martin, Secretary General of the ITU, the industry must increase the number of women in leadership roles, … Read more
India’s foray into green hydrogen, green ammonia and greater storage sectors will holistically help in combating climate change and reduce the country's import bill on crude oil, lowering trade deficits and the need for forex, Union Minister of Commerce and Industry, Piyush Goyal, said on Friday. Addressing the Society for Human Resource Management (SHRM) India … Read more