Indian equity indices opened flat on Thursday due to negative cues from Asian and US markets. At 9.40 a.m., Sensex was at 81,816, up 31 points and Nifty was up 19 points at 25,071. During the early trading hour, the Overall market trend remains positive. On the National Stock Exchange (NSE), 1,134 shares are in … Read more
Asian shares followed Wall Street futures lower on Thursday as Nvidia's results disappointed some bullish investors, while the dollar steadied and the Treasury yield curve came within a whisker of turning positive. Investors now await U.S. weekly jobless claims, which have gained prominence given the Federal Reserve's focus on the health of the labour market, … Read more
Oil prices steadied on Thursday, after two losing sessions as supply concerns over Libya returned, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. Brent crude futures had edged up 3 cents, or 0.04%, to $78.68 a barrel by 1024 GMT, while U.S. West Texas Intermediate crude futures were up 15 cents, or … Read more
The dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index – … Read more
Gold prices rose on Thursday on expectations that the Federal Reserve might begin interest rate cuts next month, and underpinned by ongoing tensions in the Middle East, while a slew of U.S. economic data remained on investors' radar. Spot gold added 0.6% to $2,516.63 per ounce by 0850 GMT, not too far from a record … Read more
The Indian rupee strengthened on Thursday, tracking a similar move in its Asian peers and in anticipation of MSCI-related inflows as domestic equities' weightage in the index is set to rise. The rupee closed at 83.8700 against the U.S. dollar at, up 0.1% from 83.9525 in the previous session. Asian currencies rose, while the dollar … Read more
India's Paytm has received an approval from the country's finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments … Read more
India's Eros Investments and its Immerso AI-IP unit are expected to invest $1 billion to develop an artificial intelligence park and movie studio in Malaysia, Malaysia's digital ministry said on Thursday. The investment, which is expected to include an AI university and data centre in the park, has the potential to create 5,000 jobs in … Read more
RBI Governor Shaktikanta Das on Wednesday said that based on the encouraging response received from several jurisdictions, the apex bank is now focusing on making "UPI and RuPay truly global". "The deployment of UPI-like infrastructure in foreign jurisdictions, facilitating QR code-based payment acceptance through UPI apps at international merchant locations, and interlinking UPI with Fast … Read more
India's FinTech sector has received investments of about $6 billion in the last two years alone while the number of FinTechs in the country has gone up to around 11,000, RBI Governor Shaktikanta Das said on Wednesday. Addressing the 5th edition of the Global Fintech Fest here, Das said: "India is now a fast-growing economic … Read more