News

FIIs stood as net sellers in equities as per November 21 data: NSDL The FIIs as per Thursday's data were net sellers in both equity and debt segments, according to data released by the NSDL.   In equity segment, the gross buying was of Rs 16282.06 crore against gross selling of Rs 18199.77 crore. Thus, FIIs stood as net sellers of Rs 1917.71 crore in equities. In the debt segment, the gross purchase was of Rs 1701.25 crore with gross sales of Rs 2221.57 crore. Thus, FIIs stood as net sellers of Rs 520.32 crore in debt. Of the total debt...
FIIs stood as net sellers in equities as per November 21 data: NSDL
FIIs stood as net sellers in equities as per November 21 data: NSDL
Source: Accord Fintech
2024-11-21 04:48:13 pm
Strengthened by steel sector, India emerging as 5th largest global economic power: Kumaraswamy Union Minister for Heavy Industries and Steel H.D. Kumaraswamy has said that India is rapidly advancing towards becoming the world’s 5th largest economic power with the steel industry playing a central role in this transformation.  Speaking at the Indian Institute of Metals (IIM) awards ceremony in Bengaluru on Thursday, the Minister said, “Under the leadership of Prime Minister Narendra Modi, India has now emerged as the 6th largest global economic power and is moving swi...
Strengthened by steel sector, India emerging as 5th largest global economic power: Kumaraswamy
Strengthened by steel sector, India emerging as 5th largest global economic power: Kumaraswamy
Source: IANS
2024-11-21 04:38:01 pm
Piyush Goyal urges industry to utilise Rs 1 lakh crore ANRF fund for fostering innovation Union Commerce and Industry Minister Piyush Goyal on Thursday urged the industry to utilise Rs 1 lakh crore Anusandhan National Research Foundation (ANRF) fund to foster innovation and create a research-based ecosystem in the country.   The talented youth should also be tuned to the mindset of experimenting and developing new ideas under this government initiative, Goyal said during his keynote address at the Federation of Indian Chambers of Commerce and Industry’s (FICCI) event...
Piyush Goyal urges industry to utilise Rs 1 lakh crore ANRF fund for fostering innovation
Piyush Goyal urges industry to utilise Rs 1 lakh crore ANRF fund for fostering innovation
Source: IANS
2024-11-21 04:29:10 pm
Private consumption driving growth in Q3 with rural India taking lead: RBI  The slack in speed observed in the Indian economy during the second quarter of 2024-25 is behind us as private consumption is back to being the driver of domestic demand with festival spending lighting up real activity in Q3, according to the RBI’s monthly bulletin for November.   The report points out that rural India is emerging as a gold mine for e-commerce companies in this festival season; this is expected to gather further momentum with the sharp increase in kharif o...
Private consumption driving growth in Q3 with rural India taking lead: RBI
Private consumption driving growth in Q3 with rural India taking lead: RBI
Source: IANS
2024-11-21 02:23:43 pm
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore Hyundai Motor India Limited (HMIL) on Thursday announced to set up two renewable energy plants in Tamil Nadu with an investment of Rs 38 crore.  The automaker will establish a 75 megawatt (MW) solar plant and a 43 MW wind power plant in the state with Fourth Partner Energy Limited (FPEL), to cater to the company’s renewable energy requirements. The move is aimed to enhancing HMIL’s renewable energy portfolio and transition to 100 per cent renewable electricity across it...
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore
Source: IANS
2024-11-21 02:05:58 pm
India`s consumer durable makers to log 11-12 pc growth in FY25 Revenue of consumer durable manufacturers in India is projected to rise 11-12 per cent this fiscal (FY25), continuing the healthy run after a strong 13 per cent growth last fiscal, according to a report on Thursday.  A Crisil Ratings report said this will ride on rising adoption of consumer durable financing, which supports the trend of premiumisation, resulting in better realisations. Festive spending and strong growth in housing sales should support overall volumes, following strong...
India`s consumer durable makers to log 11-12 pc growth in FY25
India`s consumer durable makers to log 11-12 pc growth in FY25
Source: IANS
2024-11-21 01:56:59 pm
LTIMindtree trades higher on the BSE LTIMindtree is currently trading at Rs. 5909.50, up by 32.90 points or 0.56% from its previous closing of Rs. 5876.60 on the BSE. The scrip opened at Rs. 5875.00 and has touched a high and low of Rs. 5931.40 and Rs. 5845.40 respectively. So far 1129 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6575.00 on 19-Sep-2024 and a 52 week low of Rs. 4518.35 on 04-Jun-2024. Last one week high and low of the scrip stood...
LTIMindtree trades higher on the BSE
LTIMindtree trades higher on the BSE
Source: Accord Fintech
2024-11-21 01:45:37 pm
AI boom likely to trigger $3.8 bn flow into India`s data centre industry India's Data Centre Industry is poised to surge 66 per cent by 2026, driven primarily by artificial intelligence (AI) and the nationwide rollout of 5G technology, according to real estate advisory firm JLL India.  The country’s Data Centre industry is expected to add a staggering 604 MW capacity, requiring 7.3 million square feet and USD 3.8 billion in the next two and a half years (H2 2024-2026), the JLL report states. It highlights that India is rapidly establishing its...
AI boom likely to trigger $3.8 bn flow into India`s data centre industry
AI boom likely to trigger $3.8 bn flow into India`s data centre industry
Source: IANS
2024-11-21 01:40:42 pm
Indian MSMEs create about 10 crore jobs in 15 months The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government’s Udyam portal showed.  According to the figures, the number of registered MSMEs has now gone up to 5.49 crore from 2.33 crore in August last year while the number of jobs reported by these enterprises has shot up to 23.14 crore from 13.15 crore during this period. The total employme...
Indian MSMEs create about 10 crore jobs in 15 months
Indian MSMEs create about 10 crore jobs in 15 months
Source: IANS
2024-11-21 11:49:01 am
Tata Power moves up on partnering with Druk Green Power to develop clean energy projects in Bhutan Tata Power Company is currently trading at Rs. 408.75, up by 0.65 points or 0.16% from its previous closing of Rs. 408.10 on the BSE. The scrip opened at Rs. 412.00 and has touched a high and low of Rs. 412.00 and Rs. 397.50 respectively. So far 607648 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 494.85 on 27-Sep-2024 and a 52 week low of Rs. 256.95 on 24-Nov-2023. Last one week high and low of the scrip stoo...
Tata Power moves up on partnering with Druk Green Power to develop clean energy projects in Bhutan
Tata Power moves up on partnering with Druk Green Power to develop clean energy projects in Bhutan
Source: Accord Fintech
2024-11-21 11:44:27 am
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday amid volatile crude oil prices, sluggish domestic equity markets and persistent foreign fund outflows as investors trimmed hopes of aggressive rate cuts by the US Federal Reserve. Foreign Institutional Investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,411.73 crore, exchange data showed. However, some falls were limited by a weaker American currency and likely intervention by the Reserve Ban...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-11-21 11:39:22 am
India`s economic activity growth reaches 8-month high in October The growth in economic activity in India improved markedly to an eight-month high of 10.1 per cent in October from 6.6 per cent in September, despite an unfavourable base, according to a report on Thursday.  The strengthening in growth momentum was led by the favourable impact of the departure of monsoon on sectors like mining and electricity, healthy demand during the festive season that boosted vehicle registrations, fuel consumption, air travel and the surge in exports, said the re...
India`s economic activity growth reaches 8-month high in October
India`s economic activity growth reaches 8-month high in October
Source: IANS
2024-11-21 11:25:26 am
Women entrepreneurs driving innovation, growth in gem & jewellery sector: Smriti Irani Women in the gem and jewellery industry possess immense potential and are driving innovation and growth in the gem and jewellery sector, said former Union Minister Smriti Irani.  She said this at an event organised by the Gem and Jewellery Export Promotion Council (GJEPC) in New Delhi. The event highlighted the critical role of women in driving innovation and growth in the gem and jewellery sector. Irani shared her vision for creating a more inclusive and supportive environment for...
Women entrepreneurs driving innovation, growth in gem & jewellery sector: Smriti Irani
Women entrepreneurs driving innovation, growth in gem & jewellery sector: Smriti Irani
Source: IANS
2024-11-21 10:33:56 am
Indian Hotels soars on earmarking capex of Rs 5,000 crore to double number of properties by 2030 Indian Hotels Company is currently trading at Rs. 765.50, up by 12.10 points or 1.61% from its previous closing of Rs. 753.40 on the BSE. The scrip opened at Rs. 760.00 and has touched a high and low of Rs. 768.00 and Rs. 754.20 respectively. So far 80319 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 768.00 on 21-Nov-2024 and a 52 week low of Rs. 413.50 on 22-Nov-2023. Last one week high and low of the scrip s...
Indian Hotels soars on earmarking capex of Rs 5,000 crore to double number of properties by 2030
Indian Hotels soars on earmarking capex of Rs 5,000 crore to double number of properties by 2030
Source: Accord Fintech
2024-11-21 10:10:06 am
Stock market opens in red amid rising Russia-Ukraine tensions The Indian stock market opened in red on Thursday amid rising Russia-Ukraine war tensions. Heavy selling was seen in the PSU bank sector in early trade and Nifty PSU Bank was down by more than 4 per cent.  In early trade at 9:43 a.m., Sensex was trading at 76,968.28 after slipping 610.10 points or 0.79 per cent. Nifty was trading at 23,308.85 after falling 209.65 points or 0.89 per cent. Market trend remained negative. On the National Stock Exchange (NSE), 445 stocks were trading i...
Stock market opens in red amid rising Russia-Ukraine tensions
Stock market opens in red amid rising Russia-Ukraine tensions
Source: IANS
2024-11-21 10:05:31 am
EPFO adds 18.8 lakh members in September as employment rises The Employees' Provident Fund Organisation (EPFO) has registered a net addition of 18.81 lakh members during September this year which represents a 9.33 per cent growth compared to the same month last year, reflecting increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives, the Ministry of Labour and Employment said on Wednesday.   The data shows a sharp increase in the number of youngsters, who hav...
EPFO adds 18.8 lakh members in September as employment rises
EPFO adds 18.8 lakh members in September as employment rises
Source: IANS
2024-11-21 09:21:58 am
Centre urges southern states to fast-track schemes to boost farm sector The Centre has urged the southern states to expedite the execution of Centrally Sponsored Schemes by ensuring timely fund allocation and addressing issues related to state contributions and Single Nodal Account (SNA) balances, an official statement said on Wednesday.  The issues were discussed as part of the Centre’s mid-term review, held in Visakhapatnam on November 18-19, of the implementation of agricultural schemes by the states. The Union Agriculture Secretary led the te...
Centre urges southern states to fast-track schemes to boost farm sector
Centre urges southern states to fast-track schemes to boost farm sector
Source: IANS
2024-11-21 09:07:37 am
Karnataka aiming for 2nd rank in industrial capital investments by June 2025: CM Siddaramaiah Karnataka is aiming to climb to second position in industrial capital investments by June 2025, announced Chief Minister Siddaramaiah on Wednesday.  CM Siddaramaiah was addressing a gathering at the 78th Annual Technical Meet of the Indian Institute of Metals, (IIM-ATM 2024) and International Symposium, Poster Session and Technical Exhibition organised at GKVK campus in Bengaluru. CM Siddaramaiah said that the state has already attracted investments worth Rs 54,427 crore, and an ad...
Karnataka aiming for 2nd rank in industrial capital investments by June 2025: CM Siddaramaiah
Karnataka aiming for 2nd rank in industrial capital investments by June 2025: CM Siddaramaiah
Source: IANS
2024-11-20 04:44:10 pm
Nokia wins multi-billion 5G deal from Bharti Airtel for India operations Nokia on Wednesday said it has been awarded a multi-year, multi-billion extension deal by Bharti Airtel to deploy 4G and 5G equipment across India.  This strategic partnership with Nokia will “future-proof our network infrastructure and provide customers with unparalleled user experience along with a network that will be eco-friendly to minimise environmental impact,” said Gopal Vittal, Vice Chairman and MD, Bharti Airtel. As part of the deal, for which financials were ...
Nokia wins multi-billion 5G deal from Bharti Airtel for India operations
Nokia wins multi-billion 5G deal from Bharti Airtel for India operations
Source: IANS
2024-11-20 04:32:59 pm
India sees 40 pc rise in PE, VC investment at $4.7 billion in Oct India saw private equity/venture capitalist investments worth $4.7 billion across 91 deals in October, a 40 per cent increase from September, a report showed on Wednesday.  Credit investments were the leading deal type in October, followed by growth investments, according to the IVCA-EY monthly PE/VC roundup. “October recorded $4.7 billion in PE/VC investments, 4 per cent higher than investments in October 2023 and 40 per cent higher than in September 2024. The number of deal...
India sees 40 pc rise in PE, VC investment at $4.7 billion in Oct
India sees 40 pc rise in PE, VC investment at $4.7 billion in Oct
Source: IANS
2024-11-20 04:02:32 pm
India`s insurtech sector delivers 12X revenue growth in 5 years India’s insurtech sector has delivered 12 times revenue growth over the last 5 years, with cumulative funding surpassing $2.5 billion and ecosystem valuation over $13.6 billion, a report showed on Wednesday.  The country has more than 150 insurtech companies, with 10 unicorns and soonicorns and more than 45 minicorns, with 12 times increase in revenue over the past five years to reach $750 million, according to the report by Boston Consulting Group (BCG) in collaboration with th...
India`s insurtech sector delivers 12X revenue growth in 5 years
India`s insurtech sector delivers 12X revenue growth in 5 years
Source: IANS
2024-11-20 03:57:35 pm
India`s auto parts industry poised to cross $80 bn revenue in 2024-25 The revenue of India’s automotive components industry is expected to cross $80.1 billion in FY2025 while exports have already touched $21.2 billion, according to B2B risk management consultancy Rubix Data Sciences.  While the country’s production of automotive components has been growing at an 8 per cent compound annual growth rate (CAGR) since FY2020, exports have recorded a CAGR of 10 per cent during the same period, the report says. One of the standout trends is the ...
India`s auto parts industry poised to cross $80 bn revenue in 2024-25
India`s auto parts industry poised to cross $80 bn revenue in 2024-25
Source: IANS
2024-11-20 03:54:11 pm
Annual addition to green energy capacity likely to surpass 35 GW The annual renewable energy installation capacity is likely to surpass 35 gigawatt over the next two years, primarily supported by a healthy pipeline of more than 100 gigawatt, according to a CareEdge Ratings report released on Wednesday.   The accelerated growth in renewable energy (RE) over the last 12 months has been an outcome of the growing ESG (environmental, social and governance) focus of corporates, buoyant investor interest, proactive policy support, and enhanced availabilit...
Annual addition to green energy capacity likely to surpass 35 GW
Annual addition to green energy capacity likely to surpass 35 GW
Source: IANS
2024-11-20 03:49:55 pm
Rupee resilient despite FII outflows, India`s contribution to world market cap grows  India's strong macroeconomic fundamentals - robust GDP growth, controlled inflation, managed twin deficits and record foreign reserves -have kept the rupee resilient despite foreign institutional investor (FII) outflows, a report showed on Wednesday.  Most of the emerging markets have experienced FII outflows during October amid uncertainty around US election, geopolitical tensions in middle east, stimulus announcement by China and rise in US yields. According to the repo...
Rupee resilient despite FII outflows, India`s contribution to world market cap grows
Rupee resilient despite FII outflows, India`s contribution to world market cap grows
Source: IANS
2024-11-20 12:00:59 pm
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister  India now produces 330 million tonnes of food grains annually, contributing significantly to global food trade and generating $50 billion in export earnings”, Union Agriculture Minister Shivraj Singh Chouhan said on Tuesday. Addressing the ‘Global Soils Conference 2024’ in the national capital via videoconferencing, the agriculture minister said the government is committed to supporting initiatives that ensure sustainable and profitable agriculture, resilient ecosys...
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister
Source: IANS
2024-11-20 10:47:49 am
Share market shut for trading on account of Maharashtra election The Indian stock market was shut on Wednesday due to Maharashtra assembly elections. It lost spectacular gains after witnessing a tremendous surge on Tuesday amid fresh Russia-Ukraine tensions.  All segments, including equity, derivative and securities lending and borrowing (SLB) will remain closed. Apart from this, the public holidays will also be for capital markets, futures and option divisions. Earlier, the market was closed on the occasion of Lakshmi Puja on November 1 and Gur...
Share market shut for trading on account of Maharashtra election
Share market shut for trading on account of Maharashtra election
Source: IANS
2024-11-20 10:37:18 am
Airlines` shares gain as record 5 lakh flyers travel in a single day The shares of IndiGo’s parent company Interglobe Aviation and troubled low-cost carrier SpiceJet shot up by 3 per cent in Tuesday’s intraday trade after India’s domestic air traffic crossed the historic 5 lakh mark in a single day for the first time ever.  The surge in traffic is being driven by the strong demand for air travel in the country amid the festive and wedding seasons with airlines carrying over 5.0 5 lakh passengers on November 17 while flight departures ...
Airlines` shares gain as record 5 lakh flyers travel in a single day
Airlines` shares gain as record 5 lakh flyers travel in a single day
Source: IANS
2024-11-19 05:12:02 pm
Indian stock market turns topsy-turvy amid fresh Russia-Ukraine tension The Indian stock market, which saw a super rally on Tuesday, lost the steam towards the end amid heavy profit-booking, as fresh tensions between Ukraine and Russia came to light.  Sensex closed with a gain of 239 points after rising more than 1,100 points during the intra-day trading. The reversal happened after reports emerged about Ukraine's armed forces launching their first ATACMS missile strike on Russian border territory, with the Kremlin threatening to retaliate with dire c...
Indian stock market turns topsy-turvy amid fresh Russia-Ukraine tension
Indian stock market turns topsy-turvy amid fresh Russia-Ukraine tension
Source: IANS
2024-11-19 05:07:48 pm
Hyderabad fastest-growing among 6 Indian cities amid real estate surge Among six leading Indian cities, Hyderabad stands out as the fastest-growing one driven by robust infrastructure development and surging real estate demand, a report showed on Tuesday.  Meanwhile, Mumbai-MMR maintains steady growth across all metrics, reaffirming its position as India’s financial capital, and Delhi-NCR ranks highest for its superior physical infrastructure and governance, according to ‘India Prime City Index’ report by Knight Frank India. On the o...
Hyderabad fastest-growing among 6 Indian cities amid real estate surge
Hyderabad fastest-growing among 6 Indian cities amid real estate surge
Source: IANS
2024-11-19 02:07:59 pm
Embedded finance to unlock $25 bn revenue opportunity for India`s platforms by 2030 Embedded finance can unlock $25 billion revenue opportunity for India’s digital and financial services platforms by 2030, a report showed on Tuesday.  Embedded finance means where financial services can exponentially expand customer reach by directly integrating within everyday consumer platforms, open digital networks and supply chains. According to the report by Elevation Capital, India’s leading early-stage venture capital firm, large consumer platforms in e-commerce...
Embedded finance to unlock $25 bn revenue opportunity for India`s platforms by 2030
Embedded finance to unlock $25 bn revenue opportunity for India`s platforms by 2030
Source: IANS
2024-11-19 11:02:05 am
Women in India getting more jobs, higher pay over last 6 years: Centre There has been an enhanced engagement of women in economic activity in India, accompanied by a declining unemployment rate and upward trend of educated women in the workforce over the last six years, according to data released by the Ministry of Statistics on Monday.  The Ministry’s figures also show a steady increase in the earnings of women across employment categories. Besides, there has been a sharp rise in female labour force participation in rural areas due to an increased...
Women in India getting more jobs, higher pay over last 6 years: Centre
Women in India getting more jobs, higher pay over last 6 years: Centre
Source: IANS
2024-11-19 10:41:46 am
GST Council likely to decide on tax relief for life & health insurance at Dec 21 meet The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance.  The council, chaired by Union Finance Minister Nirmala Sitharaman, may also take up the issue of rationalising GST rates on a number of goods consumed by the common man such as bottled drinking water and notebooks for students, to bring them under the 5 per cent slab from 12 per cent ...
GST Council likely to decide on tax relief for life & health insurance at Dec 21 meet
GST Council likely to decide on tax relief for life & health insurance at Dec 21 meet
Source: IANS
2024-11-19 10:03:15 am
India`s 2-wheeler retail sales to see 11-14 pc growth in FY25 There was a robust 14 per cent growth in two-wheeler retail sales during the festive season (October 3-November 13), aided by festive cheer and an improvement in rural demand, a report showed on Monday.   Credit rating ICRA has revised the outlook for the wholesale volume growth for the two-wheeler industry to 11-14 per cent in FY25, led by steady replacement demand and an improvement in rural demand on the back of a healthy monsoon precipitation. "Retail sales of passenger ve...
India`s 2-wheeler retail sales to see 11-14 pc growth in FY25
India`s 2-wheeler retail sales to see 11-14 pc growth in FY25
Source: IANS
2024-11-19 09:44:57 am
Gross exports of gems and jewellery from India see over 9 pc growth in Oct The overall gross exports of gems and jewellery from India stood at Rs 25,194 crore in October, a growth of 9.18 per cent compared to Rs 22,857.16 crore in the same month last year, bringing relief for the industry amid volatility in markets, according to a data released by the Gems and Jewellery Export Promotion Council (GJEPC) on Monday.   The overall imports of gems and jewellery for October stood at Rs 12,489.33 crore, showing a decline of 14.65 per cent as compared to Rs 14,496.0...
Gross exports of gems and jewellery from India see over 9 pc growth in Oct
Gross exports of gems and jewellery from India see over 9 pc growth in Oct
Source: IANS
2024-11-19 09:28:53 am
Oil prices ease, but caution prevails over Russia-Ukraine war Oil prices retreated on Tuesday after the previous day's rally driven by halted production at Norway's Johan Sverdrup oilfield, but investors remained cautious amid fears of a potential escalation in the Russia-Ukraine war. Brent crude futures for January delivery slipped 7 cents, or 0.1%, to $73.37 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures for December delivery were at $69.23 a barrel, down 7 cents, or 0.1%. The more active WTI January contract fell 4 ...
Oil prices ease, but caution prevails over Russia-Ukraine war
Oil prices ease, but caution prevails over Russia-Ukraine war
Source: Reuters
2024-11-19 09:15:19 am
Dollar rally stalls, giving yen respite  The yen got some much-needed respite on Tuesday as it steadied on the stronger side of 155 per dollar thanks to a pullback in the U.S. currency, which ran into profit-taking after a stellar rally that saw it scale a one-year high. The yen last edged 0.2% higher to 154.40 per dollar, recovering from its fall in the previous session after Bank of Japan Governor Kazuo Ueda stuck to his usual script and failed to offer any hints on whether a rate hike could come in December. "Rec...
Dollar rally stalls, giving yen respite
Dollar rally stalls, giving yen respite
Source: Reuters
2024-11-19 09:10:26 am
Rupee eyes breathing room as dollar rally stalls, importers may cap gains The Indian rupee is likely to open steady on Tuesday and may look to make mild gains through the session as the dollar's post-U.S. election surge shows signs of cooling after touching a one-year high last week. The 1-month non-deliverable forward indicated that the rupee will open at 84.38-84.39 to the U.S. dollar, little changed from its close of 84.3850 in the previous session. The local currency had declined to its record low of 84.4125 last week. The dollar index was at 106.2...
Rupee eyes breathing room as dollar rally stalls, importers may cap gains
Rupee eyes breathing room as dollar rally stalls, importers may cap gains
Source: Reuters
2024-11-19 09:06:17 am
Gold hits one-week high on softer dollar; markets await Fed cues Gold prices climbed to a one-week high on Tuesday, buoyed by a softer U.S. dollar, while the market awaited comments from Federal Reserve officials for cues on the U.S. interest rate outlook. Spot gold rose 0.4% to $2,623.54 per ounce by 0246 GMT, the highest since Nov. 12. Prices rose 2% on Monday. U.S. gold futures gained 0.5% to $2,627.60. The U.S. dollar pulled back as profit-booking kicked in after last week's stellar rally. A weaker dollar makes bullion less expensive for b...
Gold hits one-week high on softer dollar; markets await Fed cues
Gold hits one-week high on softer dollar; markets await Fed cues
Source: Reuters
2024-11-19 09:02:59 am
Asian stocks rise, dollar weak as US yields tick down Asian stocks rose on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing. Tech shares advanced, tracking Wall Street's recovery from last week's steep losses although Nvidia's upcoming earnings on Wednesday limited the scope for big moves. Markets have pared bets for a quarter-point interest-rate cut at the Fed's ne...
Asian stocks rise, dollar weak as US yields tick down
Asian stocks rise, dollar weak as US yields tick down
Source: Reuters
2024-11-19 08:56:19 am
Indian shares set to open higher  Indian shares are expected to open higher on Tuesday, with analysts anticipating a rebound after the Nifty 50 posted its longest losing streak since February 2023. The Gift Nifty futures were trading at 23,582, as of 07:55 a.m. IST, indicating that the benchmark Nifty 50 will open above Monday's close of 23,453.8. India's benchmark BSE Sensex entered correction on Monday amid concerns over foreign outflows and weak corporate earnings, while the Nifty 50, which signaled cor...
Indian shares set to open higher
Indian shares set to open higher
Source: Reuters
2024-11-19 08:50:47 am
Employment rises in India`s urban areas during July-September There has been an increase in the Labour Force Participation Rate (LFPR) in India’s urban areas among persons of age 15 years and above from 49.3 per cent during the July–September 2023 period to 50.4 per cent in the July–September 2024 period, indicating an increasing in employment, data released by the Ministry of Statistics on Monday showed.   The gender-wise figures show that LFPR for males of age 15 years and above in urban areas increased from 73.8 per cent dur...
Employment rises in India`s urban areas during July-September
Employment rises in India`s urban areas during July-September
Source: IANS
2024-11-18 06:25:48 pm
India`s electronics sector set to create 12 million jobs amid skill hunting As India's electronics industry witnesses unprecedented growth, it is set to create 12 million (1.2 crore) jobs at a compound annual growth rate (CAGR) of 25-30 per cent, according to a report on Monday.   The projections indicate the creation of 12 million jobs, encompassing 3 million direct and 9 million indirect roles, according to a report by TeamLease Degree Apprenticeship.  However, a pressing deficit of 10 million trained professionals underscores the urgent need to...
India`s electronics sector set to create 12 million jobs amid skill hunting
India`s electronics sector set to create 12 million jobs amid skill hunting
Source: IANS
2024-11-18 06:19:38 pm
India`s economic growth needs more affordable interest rates, minister says  India's economic growth requires "far more affordable" bank interest rates, the finance minister said on Monday, adding New Delhi was committed to measures to ensure the economy remained on course. "At a time when we want industries to ramp up and build capacities, bank interest rates will have to be far more affordable," the minister, Nirmala Sitharaman, said at an event in Mumbai. Last week, the nation's trade minister said the Reserve Bank of India (...
India`s economic growth needs more affordable interest rates, minister says
India`s economic growth needs more affordable interest rates, minister says
Source: Reuters
2024-11-18 06:14:53 pm
FIIs stood as net sellers in equities as per November 18 data: NSDL The FIIs as per Monday's data were net sellers in both equity and debt segments, according to data released by the NSDL.   In equity segment, the gross buying was of Rs 13809.15 crore against gross selling of Rs 15302.15 crore. Thus, FIIs stood as net sellers of Rs 1493.00 crore in equities. In the debt segment, the gross purchase was of Rs 4335.03 crore with gross sales of Rs 4984.35 crore. Thus, FIIs stood as net sellers of Rs 649.32 crore in debt. Of the total debt, ...
FIIs stood as net sellers in equities as per November 18 data: NSDL
FIIs stood as net sellers in equities as per November 18 data: NSDL
Source: Accord Fintech
2024-11-18 06:08:16 pm
Electronics, engineering, agricultural goods propel India`s export growth: CRISIL India's core group exports surged 27.7 per cent in October with growth being particularly strong in categories such as engineering goods, electronic goods, chemicals, textiles, marine products and rice, according to a CRISIL report released on Monday.   Growth improved for key core sectors such as engineering goods (39.4 per cent vs 10.6 per cent), drugs and pharmaceuticals (8.2 per cent vs 7.2 per cent), organic and inorganic chemicals (27.4 per cent vs 11.2 per cent) and electro...
Electronics, engineering, agricultural goods propel India`s export growth: CRISIL
Electronics, engineering, agricultural goods propel India`s export growth: CRISIL
Source: IANS
2024-11-18 03:33:19 pm
Pratiksha Chemicals surges despite getting advisory to halt manufacturing activity Pratiksha Chemicals is currently trading at Rs. 20.80, up by 0.61 points or 3.02% from its previous closing of Rs. 20.19 on the BSE. The scrip opened at Rs. 20.00 and has touched a high and low of Rs. 20.89 and Rs. 19.79 respectively. So far 230 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.00 on 18-Jan-2024 and a 52 week low of Rs. 19.15 on 28-Oct-2024. Last one week high and low of the scrip stood at Rs...
Pratiksha Chemicals surges despite getting advisory to halt manufacturing activity
Pratiksha Chemicals surges despite getting advisory to halt manufacturing activity
Source: Accord Fintech
2024-11-18 02:08:36 pm
DHL Express, Hilton ranking & AbbVie top world`s 25 best workplaces list in 2024 The transportation and logistics giant DHL Express, hotelier Hilton, and AbbVie have been ranked the top three among the world's 25 best workplaces in 2024, according to the report by Great Place To Work, a global authority on workplace culture, on Monday.  The 2024 World’s Best Workplaces list is based on surveys from over 7.4 million employees worldwide and an in-depth analysis of workplace programmes impacting more than 20 million people globally. These companies range...
DHL Express, Hilton ranking & AbbVie top world`s 25 best workplaces list in 2024
DHL Express, Hilton ranking & AbbVie top world`s 25 best workplaces list in 2024
Source: IANS
2024-11-18 01:48:44 pm
Exclusive-India cenbank plans 2025 launch of cloud services, countering dominance of global firms  India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central...
Exclusive-India cenbank plans 2025 launch of cloud services, countering dominance of global firms
Exclusive-India cenbank plans 2025 launch of cloud services, countering dominance of global firms
Source: Reuters
2024-11-18 12:14:16 pm