Leading IT solutions provider Black Box Ltd on Monday reported robust quarterly and half yearly EBITDA and profit after tax (PAT) growth for the period ended September 30. EBITDA for the quarter increased to Rs 135 crore, reflecting a growth of 34 per cent YoY and 18 per cent QoQ. For the first half (H1) … Read more
The Confederation of Indian Textile Industry (CITI) on Monday said the return of Donald Trump as the next US President will bolster India's textile and apparel trade with its largest international market. In 2023, the US accounted for approximately 27 per cent of India’s total textile and apparel exports, underscoring its crucial role in the … Read more
Indian rupee weakened marginally against the US dollar on Monday, due to concerns surrounding the recent victory of Donald Trump in the U.S. elections and stronger US dollar. While, weak trend in domestic equities along with unabated foreign fund outflows also weighed on the local currency. Foreign institutional investors were net sellers in the capital … Read more
The conversion time to buy a property in India came down to 26 days on average in the first half this fiscal (H1 FY25) against the highest peak of 33 days in FY 2021, as housing emerges as most-preferred investment option amid rising disposable incomes and robust economic activity in the country, according to a … Read more
The FIIs as per Thursday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 12918.69 crore against gross selling of Rs 16632.36 crore. Thus, FIIs stood as net sellers of Rs 3713.67 crore in equities. In the debt … Read more
India's Escorts Kubota reported second-quarter profit above estimates on Thursday, helped by growth in its agricultural machinery segment. The company reported standalone net profit of 3.27 billion rupees ($38.8 million) in the three months ended Sept 30. Analysts were expecting a profit of 2.63 billion rupees, according to data compiled by LSEG. Revenue rose 0.5% … Read more
The Indian benchmark indices opened flat on Friday after the second consecutive rate cut by the US Fed, as selling was seen in auto, PSU bank, media, oil and gas sectors. Sensex was trading at 79,522.39 after slipping 19.40 points or 0.02 per cent. At the same time, Nifty was trading at 24,179.85 after slipping … Read more
Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined, while the market weighs how President-elect Donald Trump's policies might affect supplies. Brent crude oil futures fell 47 cents, or 0.6%, to $75.16 per barrel by 0446 GMT. U.S. … Read more
The U.S. dollar was back on the front foot on Friday and looking to end a volatile week with a slight gain, as markets weighed the impact of Donald Trump's return to the White House and what that means for the U.S. economy and its interest rate outlook. Before the Asian day is out, China … Read more
The Indian rupee was little changed near a record low on Friday, as likely intervention by the central bank countered the impact of outflows from local stocks. The rupee was at 84.37 as of 11:40 a.m. IST, just shy of its all-time low of 84.3775 hit in the previous session. State-run banks were spotted offering … Read more