Indian rupee was trading flat against the US dollar on Tuesday, pressured by sluggish domestic equities and persistent foreign fund outflows from Indian capital market. Foreign institutional investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 3,228.08 crore, exchange data showed. Investors are cautious ahead of the … Read more
Rites is currently trading at Rs. 287.95, up by 2.30 points or 0.81% from its previous closing of Rs. 285.65 on the BSE. The scrip opened at Rs. 284.35 and has touched a high and low of Rs. 289.00 and Rs. 282.05 respectively. So far 39702 shares were traded on the counter. The BSE group … Read more
CRUDE OIL Observations Crudeoil trading range for the day is 5508-5990. Crude oil tumbled after Israel’s retaliatory strikes on Iran avoided the country’s crude facilities and nuclear infrastructure Signs of weak economic activity in China continued to weigh on sentiment. Elsewhere, market participants are watching for potential output adjustments from OPEC+ and the implications of … Read more
Asian stocks were mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day. The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges – the JOLTS job … Read more
Oil prices edged up on Tuesday, after a sharp plunge in the previous session, as a U.S. plan to purchase oil for the Strategic Petroleum Reserve provided support while investors remained focused on developments in the Middle East. Brent crude futures climbed 44 cents, or 0.6%, to $71.86 a barrel by 0025 GMT, while U.S. … Read more
India is among the first nations to implement an exclusive biotechnology policy, said Union Minister Dr. Jitendra Singh on Monday. The Union Minister of State (Independent Charge) for Science and Technology said this at the inauguration of the new complex of India's first Biomanufacturing Institute. While addressing the assembly of scientists, industry leaders, and stakeholders, … Read more
Adani Power on Monday reported 20 per cent growth (year-on-year) in continuing revenue at Rs 28,517 crore in the first half of this fiscal (HI FY25) and 10.8 per cent growth to Rs 13,465 crore in Q2 FY25. Continuing profit before tax (PBT) grew 69 per cent to Rs 8,020 crore in H1 FY25 and … Read more
Leading telecom service provider Bharti Airtel on Monday said that Gopal Vittal, who led the company as Managing Director and CEO for the last 12 years, is being appointed Executive Vice Chairman as part of a structured succession process. On January 1, 2026, Vittal will move into the role of Executive Vice Chairman of Bharti … Read more
The artificial intelligence (AI) budgets at wealth management companies are set to surge from 16 per cent to 37 per cent within the next 3-5 years, according to a report on Monday. However, a readiness gap in regulatory compliance and skilling of talent threatens to slow down efforts, said the report by IT major Wipro. … Read more
Gold prices lingered near record highs on Tuesday, supported by uncertainty surrounding the upcoming U.S. presidential election, while investors awaited key economic data for clues on the Federal Reserve's interest rate trajectory. Spot gold was up 0.5% at $2,755.42 per ounce, as of 0226 GMT. Prices hit a record high of $2,758.37 last Wednesday. U.S. … Read more