The Indian rupee is likely to open little changed on Tuesday, remaining unresponsive to U.S. Treasury yields, outflows and other external cues amid possible intervention from the Reserve Bank of India. The 1-month non-deliverable forward indicated that the rupee will open nearly unchanged from 84.0775 in the previous session. The local currency for two-and-a-half weeks … Read more
The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S. data releases later in … Read more
Indian shares are set to open little changed on Tuesday, after snapping a losing streak in the previous session, with traders expecting caution to persist due to largely tepid earnings season and persistent foreign selling. The Gift Nifty futures was trading at 24,352, as of 07:53 a.m. IST, indicating that the benchmark Nifty 50 will … Read more
A majority of homebuyers in India expects property prices to rise by 6-15 per cent over the next 12 months, citing capital appreciation and rental yields as key motivators, according to a report on Monday. Those with annual household incomes between Rs 20 lakh-Rs 30 lakh are showing strongest preference for purchasing homes, signalling rising … Read more
In a bid to further enhance economic ties and participate in the ‘8th Future Investment Initiative’, Union Minister of Commerce and Industry, Piyush Goyal, is set to visit Saudi Arabia from October 29-30. The minister will hold bilateral meetings with key Saudi ministers, including the Minister of Commerce, Minister of Industry and Mineral Resources, Minister … Read more
The India IT services market grew 6.1 per cent year-over-year (YoY) to reach $14.5 billion in 2023 despite slower IT investment recovery, according to a new report on Monday. While IT investments showed a slower recovery compared to the previous year, digital transformation (DX) initiatives and the increasing complexity of IT environments will continue to … Read more
Andhra Pradesh Minister for Information Technology, Electronics & Communications, and Human Resources Development, Nara Lokesh, has pitched Anantapur as the perfect spot for Tesla’s EV and battery units. The minister, who is currently on a visit to the United States, visited Tesla headquarters in Austin. Lokesh shared on X that he had an inspiring discussion … Read more
The inauguration of the C-295 aircraft manufacturing facility here has reinforced India's position as a trusted partner in global aerospace manufacturing, Prime Minister Narendra Modi said on Monday, adding that ‘Made in India’ Tata-Airbus C-295 aircraft will also be exported in the future. Inaugurating the Tata Aircraft Complex at Tata Advanced Systems Limited (TASL) in … Read more
Real estate developers in India raised Rs 12,801 crore via qualified institutional placements (QIPs) in the first nine months this year, which is over 17 per cent of the total QIP issuance across sectors at Rs 75,923 crore, a report showed on Monday. After renewable energy, real estate came in second highest among sectors to … Read more
Indian rupee strengthened marginally against the US dollar on Monday, despite a firmer American currency and rise US Treasury yields ahead the outcome of the upcoming US presidential election on November 5. Meanwhile, firm domestic equities, weak crude oil prices and intervention by the Reserve Bank of India have also supported rupee at lower levels. … Read more