Indian shares are set for a muted open on Friday after the previous session's declines on concerns over a slower pace of rate cuts by the U.S. Federal Reserve, while IT stocks are likely to find support after solid results by U.S. peer Accenture. The GIFT Nifty futures were trading at 23,917 as of 07:57 … Read more
More than 27,000 household biogas plants have been installed in 19 states across the country under various schemes in the dairy sector, according to an official statement issued on Thursday. Further, the household biogas initiative has also helped in generating carbon credits for the dairy cooperative sector. Under the first such initiative, a total … Read more
Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge – the U.S. Core Personal Consumption Expenditures – is due later in the day. Forecasts are centred … Read more
The Indian rupee is likely to hold near its all-time low at the open on Friday after robust U.S. data reinforced the view that the Federal Reserve will cut interest rates at a measured pace next year. The one-month non-deliverable forward indicated that the rupee will open at 85.06-85.08 to the U.S. dollar, near its … Read more
Oil prices fell in early trading on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 2%. Brent crude futures fell by 31 cents, or 0.43%, to $72.57 a barrel by 0139 GMT. U.S. West Texas Intermediate … Read more
The dollar was set to cap the week on a strong note on Friday as it was perched near a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low. Currencies took a breather after huge moves in the previous session … Read more
NITI Aayog on Thursday released a comprehensive report on the crucial role of secure, affordable, flexible, and efficient (S.A.F.E.) accommodations for industrial workers in boosting India’s manufacturing sector. India is poised to elevate its manufacturing sector’s contribution to GDP from the current 17 per cent to 25 per cent as part of its long-term vision … Read more
The overall milk situation in the country is stable with the year-on-year Wholesale Price Index and (WPI) and Consumer Price Index (CPI) inflation rates for milk recorded at low levels of 2.09 and 2.85, respectively, for the month of November 2024, Department of Animal Husbandry & Dairying (DAHD) Secretary Alka Upadhyaya, said at a review … Read more
The FIIs as per Thursday's data were net sellers in equity and debt segments both, according to data released by the NSDL. In equity segment, the gross buying was of Rs 14388.45 crore against gross selling of Rs 15310.79 crore. Thus, FIIs stood as net sellers of Rs 922.34 crore in equities. In the debt … Read more
India is expected to see a 9 per cent growth in hiring in 2025, according to a report on Thursday. The report by foundit (formerly Monster APAC & ME), showed that IT, retail, telecommunications, and Banking, Financial Services, and Insurance (BFSI) sectors are the primary drivers of this growth in the country. With a 10 … Read more