India's wholesale price-based inflation accelerated to a four-month high of 2.36% year on year in October due to elevated food prices, government data released on Thursday showed. Inflation for October was higher than the 2.2% projected by economists in a Reuters poll, and up from 1.84% in September. Food prices rose 11.6% year on year, … Read more
In a new record, Apple has reached almost Rs 60,000 crore in iPhone exports from India in the first seven months during the current fiscal (FY25). In the April-October period, the Cupertino-based tech giant exported iPhones worth almost Rs 60,000 crore (over $7 billion), at almost Rs 8,450 crore (nearly $1 billion) worth export each … Read more
India's smartphone market is expected to exit 2024 with a low single-digit annual growth, as Apple posted its largest-ever quarterly shipment in India with 4 million units in the third quarter (Q3), according to a new report. In the July-September period (Q3), smartphone shipments in India reached 46 million units, reflecting 5.6 per cent growth … Read more
Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts. Spot gold was down 0.6% at $2,559.39 per ounce, as of 0244 GMT, after hitting its … Read more
Tata Power Company is currently trading at Rs. 400.70, up by 1.65 points or 0.41% from its previous closing of Rs. 399.05 on the BSE. The scrip opened at Rs. 400.25 and has touched a high and low of Rs. 408.40 and Rs. 400.25 respectively. So far 184537 shares were traded on the counter. The … Read more
The contributions of Indian physicist Satyendra Nath Bose towards quantum mechanics have paved the way for scientific breakthroughs in the country, said Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh on Wednesday. Singh said this while virtually inaugurating the Centenary Celebrations of the iconic "Bose-Einstein" Statistics postulation at the "S.N. Bose … Read more
The Ministry of Mines on Wednesday signed a Memorandum of Understanding (MoU) with the International Energy Agency (IEA) on cooperation in the area of Critical Minerals used in the manufacture of electronic goods, electric cars and military hardware. The collaboration will provide India with access to reliable data, analysis, and policy recommendations in the … Read more
Gautam Adani, Chairman of the Adani Group, on Wednesday announced that the Group commits a $10 billion investment in US energy security and infrastructure projects, aiming to create up to 15,000 local jobs in the country. In a post on X social media platform, Gautam Adani once again congratulated President-elect Trump, who is set to … Read more
The Indian rupee is likely to dip to a lifetime low on Thursday in wake of the dollar and U.S. rates extending their post-U.S. election rally. The 1-month non-deliverable forward indicated that the rupee will open at 84.42-84.44 to the U.S. dollar compared with 84.3775 in the previous session and past the all-time low of … Read more
Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy. Bitcoin steadied above $90,000 after having surpassed that level in the previous session, turbocharged by Donald Trump's return to the White House … Read more