Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Food prices, which make up nearly half of the inflation basket, likely increased at … Read more
The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. Highlighting the weak background in China, data out over the weekend showed consumer prices rose at the slowest … Read more
MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weightage on the index to 20%, further narrowing the gap with China. MSCI said there would be 156 Indian stocks in the index, but that is only one-fourth of China's 598, signalling … Read more
Indian rupee weakened against the US dollar on Thursday with caution ahead to the US Fed meeting outcome later this week. Moreover, persistent foreign fund outflows and weak domestic equities have also dented rupee sentiments. Foreign Institutional Investors were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 4,445.59 crore, … Read more
Tata Consultancy Services (TCS) on Thursday said it has signed a multi-year deal with Air France-KLM to help it become the leading data-centric airline group in the world. Over the next three years, TCS will modernise the airline group's data by moving it to cloud, promoting the next generation of data-driven aviation. The shift will … Read more
Macrotech Developers is currently trading at Rs. 1234.40, up by 16.80 points or 1.38% from its previous closing of Rs. 1217.60 on the BSE. The scrip opened at Rs. 1230.00 and has touched a high and low of Rs. 1260.00 and Rs. 1220.65 respectively. So far 16109 shares were traded on the counter. The BSE … Read more
Kwality Pharmaceuticals is currently trading at Rs. 941.05, up by 44.80 points or 5.00% from its previous closing of Rs. 896.25 on the BSE. The scrip opened at Rs. 914.00 and has touched a high and low of Rs. 941.05 and Rs. 860.00 respectively. So far 18908 shares were traded on the counter. The BSE … Read more
Asia-Pacific equity markets were mixed on Thursday as investors weighed the implications of a Donald Trump presidency, while also eyeing monetary policy decisions from the U.S. Federal Reserve and other major central banks later in the day. Though potential for a Republican sweep quickly ushering in big fiscal spending sent all three major U.S. share … Read more
Rail Vikas Nigam is currently trading at Rs. 478.95, up by 9.35 points or 1.99% from its previous closing of Rs. 469.60 on the BSE. The scrip opened at Rs. 476.95 and has touched a high and low of Rs. 486.90 and Rs. 473.50 respectively. So far 239430 shares were traded on the counter. The … Read more
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that India's petrochemical sector is on track to touch $300 billion next year, with the potential to reach upwards of $1 trillion in 2040. The growth in the sector means more jobs, growth, and a sustainable, self-sufficient future for every Indian. He stated … Read more