Indian rupee weakened against the US dollar on Friday, followed by sluggish domestic equities and persistent foreign fund outflows with exchange data showed Foreign Institutional Investors were net sellers in the capital markets as they offloaded shares worth Rs 4,888.77 crore on Thursday. Rupee fell further by market worries about higher tariffs on Chinese goods … Read more
India continued to lead the Asia-Pacific office market activity in the July-September quarter, driving over 70 per cent of the total demand, according to a report on Friday. At 17.3 million square feet, India continued to lead the APAC office leasing activity. Within India, more than half of the Grade A space uptake came from … Read more
HCL Technologies is currently trading at Rs. 1848.25, up by 17.20 points or 0.94% from its previous closing of Rs. 1831.05 on the BSE. The scrip opened at Rs. 1835.00 and has touched a high and low of Rs. 1853.25 and Rs. 1827.65 respectively. So far 24606 shares were traded on the counter. The BSE … Read more
Chairman of Asian Tea Alliance (ATA) Hemant Bangur has said that tea producers of Asia are now targeting the ‘untapped’ African market to shore up exports for which they plan to work out a strategy in this regard. ATA countries include India, Bangladesh, Indonesia, Nepal, and Sri Lanka. He said ‘Africa is a huge untapped … Read more
India's fast-moving consumer goods (FMCG) sector grew 5.7 per cent by value and 4.1 per cent by volume in the July-September quarter driven by rural demand which grew faster than urban markets for the third consecutive quarter, according to the latest report by consumer intelligence firm NielsenIQ. Rural demand growth was recorded at 6 per … Read more
Government-owned power giant NTPC announced on Friday that in “a major groundbreaking achievement,” it has been “successful in the synthesis of CO2 captured from flue gas with hydrogen produced from a PEM electrolyser, which was then converted into methanol at NTPC's Vindhyachal plant.” “Both the CO2 capture plant and the CO2-to-methanol plant are the first … Read more
Sometimes the market just… stalls. Stock prices bounce back and forth within a narrow range, without the highs and lows that usually offer trading opportunities. This “sideways” market phase can feel frustrating because it seems like there’s little room to make moves. But don’t worry; there are ways to stay engaged and make smart decisions, … Read more
India's rice inventories surged to an all-time high of 29.7 million metric tons in November, sources said on Friday, nearly three times the government's target, as export curbs imposed over the past two years bumped up local supplies. Higher stocks would allow the world's biggest rice exporter to boost shipments without worrying about domestic supplies, … Read more
The Food Safety and Standards Authority of India (FSSAI) on Friday urged States and Union Territories to ramp up surveillance of warehouses and other facilities utilised by e-commerce platforms to boost food safety. The FSSAI issued the advisory, at its 45th Central Advisory Committee (CAC) meeting held in the national capital, ahead of the peak … Read more
Artificial intelligence (AI) will be a major driver of economic growth in the Asia-Pacific region as AI-related spending is projected to grow 1.7 times faster than overall digital technology investments over the next three years, according to a new report. This surge is expected to generate a projected $1.6 trillion economic impact by the end … Read more