Oil prices edged up after plunging to multi-month lows previously as major producers may delay an output increase planned for next month and U.S. inventories fell, though the gains were limited by persistent demand concerns. Brent crude futures for November rose 15 cents, or 0.1%, to $72.85 at 0402 GMT after dropping 1.4% in the … Read more
The Indian rupee will be confined to a narrow trading range against the U.S. dollar over the coming year as the Reserve Bank of India continues to intervene in the market to shield the currency from volatility, a Reuters poll of FX analysts showed. The dollar fell more than 2% against other major currencies in … Read more
The government on Wednesday launched the India Graphene Engineering and Innovation Centre (IGEIC), a key initiative under the vision towards building a 'Viksit Bharat' in 2047. According to the government, the centre will help build the graphene ecosystem in the country with startups, small and medium enterprises (SMEs), academia, industry and government, including bilateral collaborations … Read more
Gold was little changed on Thursday as investors kept to the sidelines ahead of U.S. payrolls data that could provide more clues on the size of an expected rate cut this month. Spot gold was nearly unchanged at $2,497.47 per ounce by 0222 GMT. U.S. gold futures rose 0.1% to $2,527.60. Non-yielding bullion tends to … Read more
The dollar dipped on Thursday as traders ramped up bets for a supersized rate cut from the Federal Reserve later this month, with the yen a notable outperformer on safe-haven demand as concerns over the U.S. economy's growth outlook resurfaced. Global markets have been on edge and stocks, in particular, badly bruised, after softer-than-expected U.S. … Read more
Asian share markets tried to regain their footing on Thursday after a steep sell-off, while a rally in Treasuries dented the dollar and lifted the yen as U.S. economic worries raised the odds of the Federal Reserve going big on rate cuts. Oil prices were steady in early trading after dropping in the previous sessions … Read more
India's benchmark indexes are likely to open higher on Thursday, tracking a rebound in Asian peers after a steep sell-off in the previous session. The GIFT Nifty was trading at 25,362.5 points, as of 8:03 a.m. IST, indicating that the NSE Nifty 50 index will open above its previous close of 25,198.7 points. The benchmark … Read more
The Indian textile industry has the potential to become a $300 billion industry by 2030, with $100 billion coming from exports, the government said on Wednesday. The Indian textile industry is currently estimated to be worth $175 billion, including exports of $38-40 billion. According to Pabitra Margherita, Minister of State of Textiles and External Affairs, … Read more
Lupin is currently trading at Rs. 2274.10, up by 35.00 points or 1.56% from its previous closing of Rs. 2239.10 on the BSE. The scrip opened at Rs. 2220.75 and has touched a high and low of Rs. 2286.25 and Rs. 2205.25 respectively. So far 17884 shares were traded on the counter. The BSE group … Read more
Indian equity indices closed in the red on Wednesday due to negative global sentiments. At closing, Sensex was down 202 points, or 0.25 per cent, at 82,352 and Nifty was down 81 points, or 0.32 per cent, at 25,198. The biggest impact of the decline was seen in banking and IT stocks. Nifty Bank closed … Read more