The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential … Read more
Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited however by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents, … Read more
Asian stock markets were in a wary mood on Monday as surging bond yields challenged equity valuations, particularly for the richly priced tech sector, in a week packed with central bank meetings and major economic data. Figures from China out on Monday showed retail sales rose just 3.0% in November, compared to a year earlier, … Read more
The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. The 1-month non-deliverable forward indicate that the rupee will open at 84.82-84.83 to the U.S. dollar compared with its previous close of 84.7875. The local … Read more
Gold prices inched higher on Monday as investors anticipated a potential interest rate cut by the Federal Reserve this week, with focus on the central bank's language on rate cuts next year. Spot gold was up 0.1% to $2,652.07 per ounce as of 0155 GMT. Meanwhile, U.S. gold futures slipped 0.2% to $2,670.90. "A 25 … Read more
While Surat has long been known for its textile, diamond and solar panel industry, the city will now be also known for the semiconductor industry, Union Jal Shakti Minister C.R. Patil said on Sunday. He said this while inaugurating the Suchi Semicon, a Gujarat-based semiconductor company’s first Outsourced Semiconductor Assembly and Testing (OSAT) plant in … Read more
Indian shares are likely to open little changed on Monday, in line with Asian peers, starting the week with a focus on the U.S. Federal Reserve's policy meeting later this week and the imminent 25-basis-points interest rate cut. The Gift Nifty futures were trading at 24,776, as of 8:10 a.m. IST, indicating that the benchmark … Read more
A leader is one who doesn't think of the moment, he thinks of the future, said Vice President Jagdeep Dhankhar on Sunday, urging corporates to invest in education. Speaking at the Jiwaji University, Gwalior, Dhankhar hailed Maharaja Shrimant Jiwajirao Scindia’s vision for education and said, “The Late Maharaja, with extraordinary energy and unwavering commitment, embodied … Read more
Public Sector Banks (PSBs) in India registered their highest-ever aggregate net profit of Rs 1.41 lakh crore in the financial year 2023-24, the Ministry of Finance said on Sunday. The gross non-performing assets (GNPA) ratio steeply declined, dropping to 3.12 per cent in September 2024. Demonstrating continued momentum, they registered a net profit of Rs … Read more
The US accounted for 18 per cent of India's total exports in the financial year (FY) 24, as the country's exports to the world's largest economy continuously increased, a report said. Bank of Baroda's report said that India's exports to the US are growing steadily. Its value was $77.5 billion in FY24. India's exports to … Read more