India’s export basket has diversified over the last five years into high-value electronics, engineering goods and petroleum products, with the total value of the country’s exports surging by close to 40 per cent — from $314 billion in 2019-20 to $437 billion in the financial year ended on March 31, 2024. “Both the qualitative change … Read more
Indian rupee was trading flat against the US dollar on Monday following weak domestic equities, rising crude oil prices and persistent foreign fund outflows due to uncertainty over the US presidential election and the Federal Reserve's monetary policy decision. Foreign institutional investors were net sellers in the capital markets on Friday, as they offloaded shares … Read more
Afcons Infrastructure has debuted at Rs 430.05 on the BSE, down by 32.95 points or 7.12% from its issue price of Rs 463.00. The scrip is currently trading at Rs 450.85, down by 12.15 points or 2.62% from its issue price. It has touched a high and low of Rs 455.50 and Rs 419.85 respectively. … Read more
India's manufacturing growth gained momentum in October after decelerating for three months as demand improved significantly, helping in job creation and leading to a better business outlook, according to a business survey released on Monday. The HSBC final India Manufacturing Purchasing Managers' Index, complied by S&P Global, rose to 57.5 in October from an eight-month … Read more
India’s consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 per cent in the next five years, according to a new report. India’s expansion in electronics has, thus far, followed an assembly-to-component strategy, using tariffs and production-linked incentives to draw investment in the manufacturing of smartphones and … Read more
HCL Technologies is currently trading at Rs. 1774.00, up by 16.20 points or 0.92% from its previous closing of Rs. 1757.80 on the BSE. The scrip opened at Rs. 1761.50 and has touched a high and low of Rs. 1781.60 and Rs. 1759.20 respectively. So far 5175 shares were traded on the counter. The BSE … Read more
Apple shipped 12.6 million tablets in the third quarter (Q3), with a modest growth of 1.4 per cent year-over-year in the quarter and garnering 31.7 per cent market share, as global tablet shipments grew 20.4 per cent to reach 39.6 million units. Back-to-school season helped boost sales for the newly launched iPad Air model, according … Read more
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's U.S. presidential election, two sources familiar with the bank's thinking said. The Reserve Bank of India would be able to tap its large foreign exchange … Read more
Gold held steady on Monday as investors prepared for a key week for the global economy ahead of the U.S. presidential election and the likelihood of another rate cut by the Federal Reserve. Spot gold edged up by 0.1% to $2,738.32 per ounce, as of 0227 GMT. Bullion hit a record high of $2,790.15 on … Read more
The Indian rupee is expected to open higher on Monday, on the back of a decline in the U.S. dollar amid likely unwinding of long positions in the lead up to the U.S. presidential election. The 1-month non-deliverable forward indicates that the rupee will open at 84.04-84.06 to the dollar, compared with its previous close … Read more