Indian shares are expected to open slightly higher on Friday after their steepest drop in nearly two months in the previous session, as traders adjusted their positions on monthly derivatives expiry. The Gift Nifty futures were trading at 24,157.5, as of 08:39 a.m. IST, indicating that the benchmark Nifty 50 will open above Thursday's close … Read more
The Indian rupee is likely to hover near its all-time low on Friday as concerns about portfolio outflows override the recovery in Asian peers. The 1-month non-deliverable forward indicated the rupee will open at 84.4850-84.4950 to the U.S. dollar, nearly unchanged from its close on Thursday and near the lifetime low of 84.5075 hit late … Read more
Gold prices rose on Friday, helped by a slight dip in the U.S. dollar and growing geopolitical tension, but remained on track for a weekly decline as markets awaited key U.S. data for further insights into the Federal Reserve's monetary policy direction. Spot gold rose 0.7% to $2,660.03 per ounce, as of 0236 GMT. However, … Read more
The production of some key minerals in the country has continued to witness strong growth during the first seven months of FY 2024-25 (April-October), after reaching record production levels in FY 2023-24, according to the data released by the Ministry of Mines on Thursday. Iron ore accounts for 69 per cent of the country's total … Read more
Commerce and Industry Minister Piyush Goyal on Thursday launched the CII Ease of Doing Business and Regulatory Affairs portal for getting insights into India's business environment and to receive and track suggestions for improvement. The portal was launched at the 2nd Department for Promotion of Industry and Internal Trade (DPIIT) – Confederation of Indian … Read more
The yen jumped as much as 1% to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar sagged against most major peers in trading thinned by the U.S. Thanksgiving holiday, with sterling at the … Read more
Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. Overnight, trading in U.S. equities and Treasuries was closed due to the Thanksgiving holiday, leaving little lead for Asia. MSCI's broadest … Read more
Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to an OPEC+ meeting left investors awaiting a decision on its output policy. Brent crude futures fell by 7 cents, or 0.1%, to $73.21 a barrel by 0232 GMT. … Read more
Giving Prime Minister Narendra Modi’s economic policies a big thumbs up, Jim Rogers, a veteran global investor known for his expertise and strategic insights, told IANS on Thursday that for decades, the Central governments talked about a lot of good things but they never really meant it. However, in the last couple of years, things … Read more
Government-owned gas giant GAIL (India) Limited has announced that its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged with process licensor INEOS to support the revival of its plant. The renewed collaboration has been formalised through an amendment agreement signed here, GAIL said. "This marks a significant step towards the revival of GMPL's … Read more