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Virinchi surges on entering into agreement with one of leading Micro Lending companies in USA Virinchi is currently trading at Rs. 39.40, up by 1.32 points or 3.47% from its previous closing of Rs. 38.08 on the BSE. The scrip opened at Rs. 38.55 and has touched a high and low of Rs. 39.98 and Rs. 38.55 respectively. So far 75874 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.45 on 06-Sep-2022 and a 52 week low of Rs. 28.70 on 25-Apr-2023. Last one week high and low of the scrip stood at Rs. 40.75 an...
Virinchi surges on entering into agreement with one of leading Micro Lending companies in USA
Virinchi surges on entering into agreement with one of leading Micro Lending companies in USA
Source: Accord Fintech
31/07/2023 10:13:57 AM
PHD Chamber: India-US Bilateral Trade Likely to Touch USD 300 Billion in 2026-27 Industry body releases a report on “India-USA Bilateral Relations: Steady Strides into the Future” in its interaction with Mr Jonathan M. Heimer (Minister Counselor for Commercial Affairs, Embassy of the United States of America) and Mr. Drew Schufletowski (Minister Counselor for Economics, Environment, Science and Technology, Embassy of the United States of America), at PHD House, New Delhi. India-USA trade is likely to touch US $ 300 billion in 2026-27 from its current trade ...
PHD Chamber: India-US Bilateral Trade Likely to Touch USD 300 Billion in 2026-27
PHD Chamber: India-US Bilateral Trade Likely to Touch USD 300 Billion in 2026-27
Source: PR Agency
27/07/2023 3:44:05 PM
Shoppers in US spend record $12.7 bn on Amazon Prime Day sales Consumers in the US spent a record $12.7 billion during the two-day Amazon Prime Day sale, as the company confirmed the first day of the sale was the single largest sales day in its history. According to Adobe Analytics data, this year's sales figure represents 6.1 per cent growth year-over-year, a new record. In a separate blog post, Amazon said that over the course of the two-day shopping event, Prime members purchased more than 375 million items worldwide and saved more than $2.5...
Shoppers in US spend record $12.7 bn on Amazon Prime Day sales
Shoppers in US spend record $12.7 bn on Amazon Prime Day sales
Source: IANS
14/07/2023 12:11:59 PM
Tesla to provide more info on driver alert system as US agency probes Autopilot The US National Highway Traffic Safety Administration (NHTSA) has requested additional information from Elon Musk-Tesla to aid in their ongoing investigation into 8,30,000 Tesla vehicles equipped with Autopilot, the automaker's advanced driver assistance system. According to TechCrunch, NHTSA sent Tesla a letter on July 3 seeking updated answers to questions it had asked in August 2022.  The questions focused on Tesla's cabin camera and driver monitoring system, which the a...
Tesla to provide more info on driver alert system as US agency probes Autopilot
Tesla to provide more info on driver alert system as US agency probes Autopilot
Source: IANS
7/07/2023 5:34:49 PM
Tesla Power USA brings innovative alkaline water purifiers to India Tesla Power USA, a leading provider of innovative sustainable solutions, on Thursday launched innovative alkaline water purifiers that features like hot water dispensing with child lock, fruit and vegetable detoxifier and a digital display with live TDS. Tesla Power India is based out of Gurugram (APAC office) with the global headquarters in Delaware, the US. (The company has nothing to do with Elon Musk-run Tesla). The new alkaline water purifiers in Alkalino series utilise advanced fi...
Tesla Power USA brings innovative alkaline water purifiers to India
Tesla Power USA brings innovative alkaline water purifiers to India
Source: IANS
29/06/2023 12:26:57 PM
Westlife Foodworld trades higher on the BSE Westlife Foodworld is currently trading at Rs. 835.80, up by 7.60 points or 0.92% from its previous closing of Rs. 828.20 on the BSE. The scrip opened at Rs. 832.05 and has touched a high and low of Rs. 844.00 and Rs. 829.10 respectively. So far 3997 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 851.35 on 01-Jun-2023 and a 52 week low of Rs. 435.80 on 22-Jun-2022. Last one week high and low of the scrip stood ...
Westlife Foodworld trades higher on the BSE
Westlife Foodworld trades higher on the BSE
Source: Accord Fintech
5/06/2023 12:29:04 PM
Yao Ming on list of FIBA Hall of Fame Class of 2023  Former Chinese superstar Yao Ming is on the list of the FIBA Hall of Fame Class of 2023, the basketball governing body, the International Basketball Federation (FIBA) announced here. Former Houston Rockets' center Yao Ming, now the president of the Chinese Basketball Association (CBA), became the first international player to be picked number one overall in the 2002 National Basketball Association (NBA) draft. He retired in 2011 after being selected eight times as an NBA All-Star...
Yao Ming on list of FIBA Hall of Fame Class of 2023
Yao Ming on list of FIBA Hall of Fame Class of 2023
Source: IANS
3/06/2023 10:23:30 AM
Bharti Airtel rings loudly on witnessing growth for international roaming packs in Delhi Bharti Airtel is currently trading at Rs. 836.35, up by 8.30 points or 1.00% from its previous closing of Rs. 828.05 on the BSE. The scrip opened at Rs. 831.35 and has touched a high and low of Rs. 837.15 and Rs. 827.30 respectively. So far 103249 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 888.00 on 31-May-2023 and a 52 week low of Rs. 629.05 on 14-Jul-2022. Last one week high and low of the scrip stood at ...
Bharti Airtel rings loudly on witnessing growth for international roaming packs in Delhi
Bharti Airtel rings loudly on witnessing growth for international roaming packs in Delhi
Source: Accord Fintech
2/06/2023 3:32:13 PM
eMudhra announces 51% acquisition of ikon tech services LLC, USA through its wholly owned subsidiary eMudhra Inc, USA eMudhra Limited (BSE: 543533 NSE: EMUDHRA) today announced that it has entered into a definitive agreement to acquire 51% of Ikon Tech Services LLC, Texas, USA, through its wholly owned subsidiary eMudhra Inc, USA.   Ikon Tech is a technology company in Houston Texas, USA, specialising in digital transformation and cyber security and has been in operation since 2012 and is in the business of providing consulting, solutioning and technology services in cybersecurity, digital transfo...
eMudhra announces 51% acquisition of ikon tech services LLC, USA through its wholly owned subsidiary eMudhra Inc, USA
eMudhra announces 51% acquisition of ikon tech services LLC, USA through its wholly owned subsidiary eMudhra Inc, USA
Source: PR Agency
20/05/2023 11:02:06 AM
USA, UAE qualify for the 2023 ICC Men's Cricket World Cup Qualifier The United States of America (USA) and United Arab Emirates (UAE) have qualified for the ICC Men's Cricket World Cup Qualifier after finishing in the top two places of the six-team ICC Mens Cricket World Cup Qualifier Play-off in Namibia. USA finished on top of the table with four wins from five matches, ahead of the UAE on head-to-head, who scored a final-day win over Jersey to level with the USA on points. Hosts Namibia and Canada put in some strong performances but fell just short o...
USA, UAE qualify for the 2023 ICC Men's Cricket World Cup Qualifier
USA, UAE qualify for the 2023 ICC Men's Cricket World Cup Qualifier
Source: IANS
7/04/2023 12:21:07 PM
Response Informatics touches roof on acquiring Technologia Corporation Response Informatics is currently trading at its upper limit of Rs. 31.95, up by 1.50 points or 4.93% from its previous closing of Rs. 30.45 on the BSE. The scrip opened at Rs. 31.95 and has touched a high and low of Rs. 31.95 and Rs. 31.95 respectively. So far 810 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.70 on 29-Jul-2022 and a 52 week low of Rs. 13.60 on 21-Mar-2022. Last one week high and low of t...
Response Informatics touches roof on acquiring Technologia Corporation
Response Informatics touches roof on acquiring Technologia Corporation
Source: Accord Fintech
27/02/2023 3:38:03 PM
Glenmark Pharmaceuticals rises as its arm gets second tentative approval for Saxagliptin Tablets Glenmark Pharmaceuticals is currently trading at Rs. 439.85, up by 4.70 points or 1.08% from its previous closing of Rs. 435.15 on the BSE. The scrip opened at Rs. 429.10 and has touched a high and low of Rs. 440.40 and Rs. 429.10 respectively. So far 9131 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 497.60 on 17-Feb-2022 and a 52 week low of Rs. 348.90 on 20-Jun-2022. Last one week high and low of the scrip ...
Glenmark Pharmaceuticals rises as its arm gets second tentative approval for Saxagliptin Tablets
Glenmark Pharmaceuticals rises as its arm gets second tentative approval for Saxagliptin Tablets
Source: Accord Fintech
17/02/2023 11:27:54 AM
Maharashtra will chip in lion's share to India's $5 trillion economy dream: CM Eknath Shinde  Maharashtra Chief Minister Eknath Shinde has said that the state will contribute a "lion's share" to India's ambition to become a 5 trillion dollar economy by 2027. For achieving this goal, it was imperative for Maharashtra to become a USD 1-trillion economy with a holistic growth focussed on agriculture, industries and infrastructure development, he said. "Maharashtra is the country's growth engine... Our effort is to increase its capacity, output and p...
Maharashtra will chip in lion's share to India's $5 trillion economy dream: CM Eknath Shinde
Maharashtra will chip in lion's share to India's $5 trillion economy dream: CM Eknath Shinde
Source: IANS
14/02/2023 12:32:40 PM
India's Landmark Cars profit jumps 37% in first earnings since listing  Indian luxury auto dealer Landmark Cars reported a 37% jump in quarterly profit in its first earnings report since going public, driven by the strong demand for premium cars. The South Asian country, once a small and low-cost car market, is seeing a sharp expansion in demand for premium models with a growing middle class splurging on everything pricey from branded apparel to luxury cars. "The Indian car market is witnessing a radical shift towards premium brands. The premium ...
India's Landmark Cars profit jumps 37% in first earnings since listing
India's Landmark Cars profit jumps 37% in first earnings since listing
Source: Reuters
14/02/2023 12:13:35 PM
Asia shares take comfort in China property rally Asian shares edged higher on Tuesday as Beijing's latest move to support developers boosted the property sector, though it was still not clear what new damage public unrest over China's zero-COVID policy might do to the economy. Shares of Chinese property companies surged after the country's securities regulator lifted a ban on equity refinancing for listed property firms. That helped Chinese blue chips bounce 1.1%, while MSCI's broadest index of Asia-Pacific shares outs...
Asia shares take comfort in China property rally
Asia shares take comfort in China property rally
Source: Reuters
29/11/2022 9:08:36 AM
L&T Technology Services gains on unveiling two new design and prototyping centers in USA L&T Technology Services is currently trading at Rs. 3771.60, up by 16.30 points or 0.43% from its previous closing of Rs. 3755.30 on the BSE. The scrip opened at Rs. 3739.60 and has touched a high and low of Rs. 3812.95 and Rs. 3739.60 respectively. So far 5755 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5958.10 on 04-Jan-2022 and a 52 week low of Rs. 2923.35 on 04-Jul-2022. Last one week high and low of...
L&T Technology Services gains on unveiling two new design and prototyping centers in USA
L&T Technology Services gains on unveiling two new design and prototyping centers in USA
Source: Accord Fintech
18/11/2022 3:23:29 PM
India-US relations are multi-sectoral, says Finance Minister Nirmala Sitharaman; seeks greater investment Finance Minister Nirmala Sitharaman on Friday said that the India-US relations have developed into a global strategic partnership through 50+ bilateral dialogue mechanisms, and their cooperation is broad-based and multi-sectoral. "The strength of the India-US relationship lies in mutual understanding of each one's necessities and respecting the differences," she said while addressing the India US Business and Economic Opportunities Session Event on the sidelines of the 9th Ec...
India-US relations are multi-sectoral, says Finance Minister Nirmala Sitharaman; seeks greater investment
India-US relations are multi-sectoral, says Finance Minister Nirmala Sitharaman; seeks greater investment
Source: IANS
11/11/2022 8:05:49 PM
In tense political atmosphere, voters head to in-person balloting in US midterms New York, Nov 8  In an atmosphere suffused with high tension, in-person balloting began on Tuesday in US midterm elections that could determine the turn of the nation's politics over the next two years, leading to the 2024 presidential elections and beyond. Nearly 45 million voters had already cast their ballots through the early voting process in many states before the first voter entered the polling booth to elect members of Congress and, in some states, Governors and other offi...
In tense political atmosphere, voters head to in-person balloting in US midterms
In tense political atmosphere, voters head to in-person balloting in US midterms
Source: (IANS)
8/11/2022 9:57:11 PM
Alembic Pharmaceuticals gains on getting USFDA`s approval for Glycopyrrolate Injection Alembic Pharmaceuticals is currently trading at Rs. 553.30, up by 3.35 points or 0.61% from its previous closing of Rs. 549.95 on the BSE. The scrip opened at Rs. 552.70 and has touched a high and low of Rs. 557.95 and Rs. 550.00 respectively. So far 3408 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 847.95 on 04-Jan-2022 and a 52 week low of Rs. 541.10 on 20-Oct-2022. Last one week high and low of the scrip s...
Alembic Pharmaceuticals gains on getting USFDA`s approval for Glycopyrrolate Injection
Alembic Pharmaceuticals gains on getting USFDA`s approval for Glycopyrrolate Injection
Source: Accord Fintech
1/11/2022 2:36:29 PM
Glenmark Pharma surges as its arm launches Fingolimod Capsules in US Glenmark Pharmaceuticals is currently trading at Rs. 413.00, up by 8.60 points or 2.13% from its previous closing of Rs. 404.40 on the BSE. The scrip opened at Rs. 407.10 and has touched a high and low of Rs. 415.75 and Rs. 406.30 respectively. So far 42590 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 551.50 on 26-Nov-2021 and a 52 week low of Rs. 348.90 on 20-Jun-2022. Last one week high and low of the scrip...
Glenmark Pharma surges as its arm launches Fingolimod Capsules in US
Glenmark Pharma surges as its arm launches Fingolimod Capsules in US
Source: Accord Fintech
1/11/2022 10:29:46 AM
Renaissance Global gains on partnering with Signet Jewelers for NFL licensed Fans Fine Jewellery Collection Renaissance Global is currently trading at Rs. 111.25, up by 0.30 points or 0.27% from its previous closing of Rs. 110.95 on the BSE. The scrip opened at Rs. 111.30 and has touched a high and low of Rs. 111.60 and Rs. 111.20 respectively. So far 10459 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 218.00 on 18-Jan-2022 and a 52 week low of Rs. 108.45 on 14-Oct-2022. Last one week high and low of the scrip stood...
Renaissance Global gains on partnering with Signet Jewelers for NFL licensed Fans Fine Jewellery Collection
Renaissance Global gains on partnering with Signet Jewelers for NFL licensed Fans Fine Jewellery Collection
Source: Accord Fintech
31/10/2022 11:11:50 AM
The Economy Observer - FOMC Implicitly Acknowledges its Policy Error; to frontload further rate hikes - ICICI Securities ? The FOMC raised its policy rate by 75bp for the third consecutive time, taking it to 3- 3.25% (or a central rate of 3.125%), as expected, at its Sep’22 meeting. More importantly, FOMC members’ economic projections had a median forecast for the Fed Funds rate of 4.4% by end-2022, implying further rate hikes by 125bp at its subsequent two meetings this year. This is an implicit acknowledgement of its policy error, which the FOMC now seeks to correct by front-end loading its rate h...
The Economy Observer - FOMC Implicitly Acknowledges its Policy Error; to frontload further rate hikes - ICICI Securities
The Economy Observer - FOMC Implicitly Acknowledges its Policy Error; to frontload further rate hikes - ICICI Securities
Source: ICICI Securities Ltd
23/09/2022 10:16:44 AM
Man Infraconstruction inches up on incorporating Joint Venture entity in USA Man Infraconstruction is currently trading at Rs. 89.35, up by 0.05 points or 0.06% from its previous closing of Rs. 89.30 on the BSE. The scrip opened at Rs. 93.80 and has touched a high and low of Rs. 93.80 and Rs. 88.45 respectively. So far 13270 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 134.45 on 11-Jan-2022 and a 52 week low of Rs. 32.43 on 01-Jun-2021. Last one week high and low of the scrip stood at...
Man Infraconstruction inches up on incorporating Joint Venture entity in USA
Man Infraconstruction inches up on incorporating Joint Venture entity in USA
Source: Accord Fintech
1/06/2022 4:36:36 PM
US clarifies India's Russian oil purchases minuscule; energy payments not under sanctions Given the clamour in some US media and among politicians criticising India for buying oil from Russia, President Joe Biden's spokesperson Jen Psaki has clarified that its imports were minuscule and energy payments did not come under American sanctions. "Right now, just to give everybody the full scope of it, India's imports of Russian energy represent only 1 to 2 per cent of their total energy imports," she said at a briefing in Washington on Monday. Psaki also clarifi...
US clarifies India's Russian oil purchases minuscule; energy payments not under sanctions
US clarifies India's Russian oil purchases minuscule; energy payments not under sanctions
Source: IANS
5/04/2022 9:33:24 AM
US recession indicator flashes warning sign The bond market is flashing a warning sign that has correctly predicted almost every recession over the past 60 years: a potential inversion of the US Treasury note yield curve, CNN reported. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than the longer term, spurring interest rates on short-term bonds to move higher than those paid on long-term bonds. While the curve isn't inverted yet, it's getting close. That shou...
US recession indicator flashes warning sign
US recession indicator flashes warning sign
Source: IANS
27/03/2022 1:42:09 PM
Kamala Harris swears in 1st Black woman as WH budget chief US Vice President Kamala Harris has sworn in Shalanda Young as chief of the White House Office of Management and Budget (OMB), making her the first Black woman in the country's history to assume the position. Thursday's swearing in came two days after the Senate confirmed Young to serve as the director of the OMB with a vote of 61 to 36, reports Xinhua news agency. Nearly a year ago, Young was confirmed as deputy director of the OMB, and began serving as the acting chief of the ...
Kamala Harris swears in 1st Black woman as WH budget chief
Kamala Harris swears in 1st Black woman as WH budget chief
Source: IANS
18/03/2022 11:59:18 AM
NASA to get over $24 bn in new US budget bill for 2022 NASA will get over $24 billion for space missions for fiscal year 2022, if the US Congress is able to pass a newly-devised omnibus spending bill. The funding package allocates a total of $1.5 trillion throughout the government. The funds are about $760 million less than what US President Joe Biden had requested last year, Space.com reported. In the US, the fiscal year runs from October 1 through September 30. However, this is still about $700 million more than NASA received in fiscal ye...
NASA to get over $24 bn in new US budget bill for 2022
NASA to get over $24 bn in new US budget bill for 2022
Source: IANS
10/03/2022 1:00:36 PM
US 'OK' with India's 'distinct' ties to Russia, suggests it use 'leverage' to influence Moscow The US has said it is "okay" with India's "distinct" relationship with Russia and suggested it use its "leverage" with Moscow to protect a rules-based international order. Speaking to reporters in Washington before the Security Council met in New York on Friday, State Department Spokesperson Ned Price said that India and Russia shared a relationship and Washington has asked every country with leverage to use it to uphold international norms. India absta...
US 'OK' with India's 'distinct' ties to Russia, suggests it use 'leverage' to influence Moscow
US 'OK' with India's 'distinct' ties to Russia, suggests it use 'leverage' to influence Moscow
Source: IANS
27/02/2022 10:56:13 AM
Release of US oil inventories douse Crude prices  Rise in the US oil inventories along with assurance of energy supply from Russia doused international crude oil prices on Friday. The price movement comes a day after the Russia-Ukraine war pushed Brent Crude Oil prices to $105 per barrel. Besides, Thursday was the first time since 2014 that crude oil prices crossed the $100 per barrel mark. On the NYMEX WTI index, crude oil prices surged by 5.50 per cent near $97.22 per barrel. Currently, Russia is one of the world's to...
Release of US oil inventories douse Crude prices
Release of US oil inventories douse Crude prices
Source: IANS
25/02/2022 3:46:36 PM
Oil rises as U.S. says Russian attack on Ukraine may occur soon BEIJING - Oil prices gained more than $1 on Thursday, trading below seven-year highs hit earlier this week, as fresh developments on the Russia-Ukraine crisis sparked concerns that supported prices. Brent crude rose 73 cents, or 0.75%, to $97.57 a barrel at 0130 GMT, after soaring as high as $98.08. U.S. West Texas Intermediate (WTI) crude futures jumped 85 cents, or 0.9%, to $92.95 a barrel, after rising to as much as $93.50. U.S. Secretary of State Antony Blinken has said he believ...
Oil rises as U.S. says Russian attack on Ukraine may occur soon
Oil rises as U.S. says Russian attack on Ukraine may occur soon
Source: Reuters
24/02/2022 9:02:25 AM
US likely to regulate cryptocurrency this week: Report US President Joe Biden is likely to move executive order to regulate cryptocurrency this week, as per media reports. As per a memorandum by the US National Security Council (NSC) memorandum, government agencies, include the Departments of the Treasury, State, Justice, and Homeland Security, will be asked to assess the risks and opportunities that crypto poses, and delve into the details of a central bank digital currency, Bloomberg news cited an administration official as saying last month...
US likely to regulate cryptocurrency this week: Report
US likely to regulate cryptocurrency this week: Report
Source: IANS
23/02/2022 10:57:21 AM
$40 bn Nvidia-Arm chip deal falls apart amid regulatory hurdles In a massive blow to Big Tech, graphics chip giant Nvidia on Tuesday finally scrapped the $40 billion deal -- the biggest ever in the world of semiconductors -- to acquire British chip designer Arm, amid anti-trust probes in the US and Europe. Nvidia and Softbank (which owns Arm) agreed to terminate the agreement because of "significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties". Softbank also announced that...
$40 bn Nvidia-Arm chip deal falls apart amid regulatory hurdles
$40 bn Nvidia-Arm chip deal falls apart amid regulatory hurdles
Source: IANS
8/02/2022 4:39:02 PM
How US researchers performed pig kidney transplant in human patient Researchers at University of Alabama at Birmingham, US, have successfully conducted transplant of pig kidneys into a brain-dead human. In the days long experiment, the organs implanted on a 57-year-old male brain-dead patient, produced urine and were not rejected. However, this is not the first such surgery. In September 2021, a study published in the American Journal of Transplantation, showed a transplantation of a gene-edited pig's two kidneys onto a brain-dead patient. Aga...
How US researchers performed pig kidney transplant in human patient
How US researchers performed pig kidney transplant in human patient
Source: IANS
4/02/2022 10:43:02 AM
Exclusive-India could buy potash from Belarus in rupees as sanctions hit Minsk-sources MUMBAI - India plans to buy 1 million tonnes of potash from Belarus in the first such bilateral deal between the two countries after sanctions crippled Minsk's ability to sell the crop nutrient, two Indian officials involved in the discussions told Reuters. India has suggested that the state-run Belarus Potash Company (BPC) could open a rupee account with a state-run Indian bank for potash sales as sanctions imposed by the United States and European Union cut off the Minsk from dollar ...
Exclusive-India could buy potash from Belarus in rupees as sanctions hit Minsk-sources
Exclusive-India could buy potash from Belarus in rupees as sanctions hit Minsk-sources
Source: Reuters
2/02/2022 2:13:57 PM
US stock market having worst ever start to a year As things stand at the end of trading on Tuesday -- the 16th session of 2022 -- it is now officially the worst-ever start to a year in the history of S&P 500, according to data from Ned Davis Research, a stock market research shop, Axios reported. It's been a decidedly ugly start to the year for the US stock market, with particular pain in the tech trade. The 8.6 percent decline for the month edges out the 8.57 per cent drop experienced in January 2009. The S&P 500 data goes...
US stock market having worst ever start to a year
US stock market having worst ever start to a year
Source: IANS
27/01/2022 9:48:51 AM
US technology stocks have been tumbling in the new year US technology stocks have been nursing a new year hangover, pushing the Nasdaq into correction territory, The Guardian reported. Momentum is building against companies with exciting promises to reshape the world, as investors turn to "value" alternatives such as oil and banking, the report said. The tech sector now faces a crunch fortnight as its biggest names report results, including Microsoft on Tuesday, Tesla on Wednesday and Apple on Thursday. They must prove they can thr...
US technology stocks have been tumbling in the new year
US technology stocks have been tumbling in the new year
Source: IANS
23/01/2022 1:59:30 PM
Intel to invest $20 bn on 2 new chip factories in US Chip-maker Intel on Friday said it will invest more than $20 billion to build two new factories int US for advanced chipmaking, as the world grapples with semiconductor shortage. The initial phase of the project in New Albany near Columbus, Ohio, is expected to create 3,000 Intel jobs and 7,000 construction jobs over the course of the build, and to support tens of thousands of additional local long-term jobs across a broad ecosystem of suppliers and partners. "Intel's actions w...
Intel to invest $20 bn on 2 new chip factories in US
Intel to invest $20 bn on 2 new chip factories in US
Source: IANS
21/01/2022 5:13:48 PM
Air India to commence normal ops to US from Friday National carrier Air India will commence normal operations to US from Friday, the airline said. On Tuesday, the national carrier said that it will not be able to operate a number of US-bound flights due to the deployment of 5G communications in the US. As per industry insiders, the 5G network technology might cause certain crucial flight instruments to malfunction. The airline informed passengers via its official Twitter handle: "#FlyAI : Flight operations to/from destinations i...
Air India to commence normal ops to US from Friday
Air India to commence normal ops to US from Friday
Source: IANS
21/01/2022 9:50:32 AM
Gold eases as yields gain on Fed rate hike bets Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet. FUNDAMENTALS * Spot gold was down 0.2% to $1,814.08 per ounce by 0024 GMT. U.S. gold futures edged down 0.1% at $1,815.00. * U.S. 10-year Treasury yields hovered near two-year highs hit in the previous week. [US/] * Fed Chair Jerome Powell said last week that the U.S. economy is ready for the sta...
Gold eases as yields gain on Fed rate hike bets
Gold eases as yields gain on Fed rate hike bets
Source: Accord Fintech
17/01/2022 10:40:36 AM
Dollar weakens for a 4th day on U.S. rate view LONDON  - The U.S. dollar fell for a fourth consecutive day on Friday to its lowest in more than two months as investors took the view that most of the recent hawkishness from the U.S. central bank has already been priced in. On Friday, the greenback slipped 0.2% to 94.62 against a basket of currencies, its lowest since early November. On a weekly basis, it is set to weaken 1.11%, its biggest drop since December 2020. On Thursday, it fell below a 100-day moving average for the first t...
Dollar weakens for a 4th day on U.S. rate view
Dollar weakens for a 4th day on U.S. rate view
Source: Reuters
14/01/2022 5:37:37 PM
US fundraise at highest since 2003 to beat interest rate hikes In the US market, companies raised almost $96 billion through Wednesday, according to data from Refinitiv. It is the strongest start to the year on records dating back to 2003, CNN reported. For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. In the early days of the year, corporations have been racing to issue debt. Their aim is to tap the market before the Federal Reserve starts hiking interest rates, which have been near zero since the...
US fundraise at highest since 2003 to beat interest rate hikes
US fundraise at highest since 2003 to beat interest rate hikes
Source: IANS
14/01/2022 9:49:15 AM
How 5G connectivity will drive value of cars post-sale Nearly all cars sold in the US, Europe and China now come equipped with 5G connectivity which allows automakers to preserve or enhance the value of vehicles post-sale in a manner that will alter the calculation of residual vehicle values, according to a study. Once all cars are equipped with 5G, the report says that automakers will be able to tap into $40 billion in annual warranty cost avoidance; consumers will see $32 billion in annual lease/loan savings; and dealers will see a $24 billi...
How 5G connectivity will drive value of cars post-sale
How 5G connectivity will drive value of cars post-sale
Source: IANS
19/12/2021 4:45:09 PM
India registers highest ever FDI inflow of $81.97 billion in FY21: Ministry of Commerce and Industry Highlighting various steps taken by the government to boost domestic and foreign investments in India, the Ministry of Commerce and Industry in its latest report has said that India registered the highest ever annual FDI Inflow of $ 81.97 billion (provisional) in the financial year 2020-21. The Ministry of Commerce and Industry noted that FDI inflow in the last 7 financial years (2014-21) is $ 440.27 billion, which is nearly 58% of the total FDI inflow in last 21 financial years (2000-21: ...
India registers highest ever FDI inflow of $81.97 billion in FY21: Ministry of Commerce and Industry
India registers highest ever FDI inflow of $81.97 billion in FY21: Ministry of Commerce and Industry
Source: Accord Fintech
17/12/2021 1:56:06 PM
Gold dips as Fed's hawkish rhetoric dampens safe-haven appeal  Gold prices eased on Thursday as investors gauged the U.S. Federal Reserve's response to inflationary risks and economic recovery concerns amid the new Omicron coronavirus variant. Spot gold was down 0.3% at $1,777.13 per ounce, as of 0443 GMT. U.S. gold futures fell 0.4% to $1,778.00. In congressional testimony on Wednesday, Fed Chair Jerome Powell said the central bank needs to be ready to respond to the possibility that inflation may not recede in the second half of 2022. ...
Gold dips as Fed's hawkish rhetoric dampens safe-haven appeal
Gold dips as Fed's hawkish rhetoric dampens safe-haven appeal
Source: Reuters
2/12/2021 11:45:52 AM
Euro set for biggest 3-day rising streak in 2021 LONDON  - The euro surged on Tuesday and is on track for its biggest three-day rising streak this year as traders cut their short positions on the single currency after Moderna's CEO said COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been with other types. Risk appetite took a battering across all markets for a second day in less than a week after his comments reinforced expectations that the global economy is set for a rocky and longer...
Euro set for biggest 3-day rising streak in 2021
Euro set for biggest 3-day rising streak in 2021
Source: Reuters
30/11/2021 4:11:38 PM
Oil gains on bets OPEC+ will pause output hike SINGAPORE  - Oil prices climbed on Tuesday, extending a rebound from last week's plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant. Brent crude futures climbed 43 cents, or 0.6%, to $73.91 a barrel at 0418GMT after gaining 1% on Monday. U.S. West Texas Intermediate (WTI) crude futures jumped 73 cents, or 1%, to $70.68 a barrel, adding to a 2.6% rise on Monday. Oil...
Oil gains on bets OPEC+ will pause output hike
Oil gains on bets OPEC+ will pause output hike
Source: Reuters
30/11/2021 10:36:50 AM
USA, Canada replace Australia, New Zealand in Junior Hockey World Cup The United States and Canada have been invited to participate in the FIH Men's Junior World Cup to be held in Bhubaneswar in place of Australia and New Zealand, which have pulled out citing Covid-related international travel restrictions put in place by their respective governments. Soon after the Odisha government announced that it is sponsoring the event and will be hosting the FIH Men's Junior World Cup at the Kalinga Stadium in Bhubaneswar, the FIH released the substitutes for ...
USA, Canada replace Australia, New Zealand in Junior Hockey World Cup
USA, Canada replace Australia, New Zealand in Junior Hockey World Cup
Source: IANS
24/09/2021 10:48:51 AM
American Shelby Rogers sends Ashleigh Barty packing at US Open American Shelby Rogers kept her US Open hopes alive as the 28-year-old made a stunning third-set comeback to defeat world No.1 Ashleigh Barty of Australia 6-2, 1-6, 7-6(5) in the third round to advance to her second straight Round of 16 in New York. A quarterfinalist last year, Rogers played a disciplined match to earn her first win in six matches against Barty, coming back from a double-break down in the final set to steal the win. The victory is Rogers' first over a top 10 player sin...
American Shelby Rogers sends Ashleigh Barty packing at US Open
American Shelby Rogers sends Ashleigh Barty packing at US Open
Source: IANS
5/09/2021 10:39:48 AM