News

Hyundai, Kia`s Europe sales down 7.5 pc in October  Combined vehicle sales of Hyundai Motor and Kia, South Korea's leading automakers, in Europe fell 7.5 per cent in October from a year ago, industry data showed on Thursday.  According to data from the European Automobile Manufacturers' Association (ACEA), Hyundai and Kia sold a combined 82,840 units in Europe last month. ACEA data showed Hyundai Motor's sales dropped 3.9 per cent to 41,594 units, while those of Kia dropped 11 per cent to 41,246 units, reports Yonh...
Hyundai, Kia`s Europe sales down 7.5 pc in October
Hyundai, Kia`s Europe sales down 7.5 pc in October
Source: IANS
2024-11-21 06:23:19 pm
Amul poised to debut in European market this month Gujarat Cooperative Milk Marketing Federation (GCMMF) Managing Director Jayen S. Mehta said on Monday that the dairy co-operative was poised to debut in the European market with its popular Amul products by the end of this month.  "The company will launch the products in Spain first and then look at expanding to other countries in Europe," Mehta said at the 57th Convocation of the Indian Institute of Foreign Trade (IIFT) here. Amul launched its fresh milk in the US in May...
Amul poised to debut in European market this month
Amul poised to debut in European market this month
Source: IANS
2024-11-12 10:35:45 am
India cenbank sees European proposal for oversight of clearing corp as 'extra jurisdictional', official says India's central bank continues to be in talks with the European Securities and Markets Authority (ESMA) but views the latter's proposal for supervisory and auditing powers over domestic clearing corporations as "extra jurisdictional", an official said on Thursday. "We have taken a very consistent stand that ESMA is being extra jurisdictional in telling us how we should do regulation," Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar said at an event. ...
India cenbank sees European proposal for oversight of clearing corp as 'extra jurisdictional', official says
India cenbank sees European proposal for oversight of clearing corp as 'extra jurisdictional', official says
Source: Reuters
2024-11-07 04:20:43 pm
Granules India Q2 profit falls on weak demand in North America, Europe Drugmaker Granules India reported a 4.8% fall in its second-quarter profit on Wednesday, dragged by a slow demand in the North American and European markets. Consolidated profit fell to 972.3 million rupees ($11.54 million) for the quarter ended Sept. 30, from 1.02 billion rupees a year earlier. Granules, which generates 66% of its revenue from North America and 19% from Europe, posted an 18.7% fall in its revenue from operations. For further earnings highlights, (click here) KEY ...
Granules India Q2 profit falls on weak demand in North America, Europe
Granules India Q2 profit falls on weak demand in North America, Europe
Source: Reuters
2024-11-06 02:13:09 pm
From Festivals to Folklore: A Journey through Europe`s Cultural Heartlands Europe’s cultural heartlands offer a timeless tapestry of festivals, folklore, and traditions rooted in the essence of centuries-old customs. This journey invites travelers to immerse themselves in iconic celebrations, from the vibrant spectacle of Spain’s La Tomatina and the intricate elegance of Vienna’s Opera Ball to Germany’s Oktoberfest, where community and celebration are interwoven with music, dance, and traditional attire. Beyond the festivals, Europe’s c...
From Festivals to Folklore: A Journey through Europe`s Cultural Heartlands
From Festivals to Folklore: A Journey through Europe`s Cultural Heartlands
Source: Go Vishva
2024-10-30 09:07:33 am
Stocks stutter, dollar sags; Nvidia earnings in focus Major share markets turned hesitant on Monday, while the dollar and bond yields sagged ahead of inflation data that could pave the way for rate cuts in the United States and Europe, while Wall Street braced for earnings from AI darling Nvidia. Oil prices climbed after Israel and Hezbollah traded rocket salvos and air strikes on Sunday, stirring worries about possible supply disruptions if the conflict escalated. Brent rose 81 cents to $79.83 a barrel as of 0701 GMT, while U.S. crude add...
Stocks stutter, dollar sags; Nvidia earnings in focus
Stocks stutter, dollar sags; Nvidia earnings in focus
Source: Reuters
2024-08-26 08:54:55 am
Kerala: Technopark’s software export grows by 14 pc  The revenue from software exports by the IT/ITEs companies of capital city headquartered Technopark has reached Rs 13, 255 crore for the previous fiscal registering a 14 per cent growth as compared to 2022-23. The software export revenue of Technopark for the FY 2022-23 was Rs 11,630 crore. Covering a total area of 768.63 acres with 12.72 million sqft of built-up space, the premier IT hub of the country houses as many as 490 companies, providing 75,000 direct jobs and two lakh plu...
Kerala: Technopark’s software export grows by 14 pc
Kerala: Technopark’s software export grows by 14 pc
Source: IANS
2024-08-17 04:15:39 pm
Norwegian Prime Minister inaugurates Europe's first gigawatt battery factory Norwegian Prime Minister Jonas Gahr Store inaugurated Europe's first gigawatt-scale factory for Lithium Iron Phosphate (LFP) batteries.  Located in Arendal, southern Norway, the factory is owned by the start-up Morrow Batteries. Achieving yet another significant milestone, Morrow Batteries can produce 3 million battery cells annually, amounting to a capacity of 1 GWh, Xinhua news agency reported. Addressing the opening ceremony on Friday, Store applauded Morrow Batteries' r...
Norwegian Prime Minister inaugurates Europe's first gigawatt battery factory
Norwegian Prime Minister inaugurates Europe's first gigawatt battery factory
Source: IANS
2024-08-17 11:26:37 am
Rupee ends at record closing low as risk appetite wavers The Indian rupee ended at its lowest closing level on record as global risk appetite remained shaky but dollar sales by state-run banks, likely on behalf of the central bank, curbed further losses, traders said. The rupee settled at 83.9625 against the U.S. dollar, against 83.9550 at previous close. India's benchmark equity indices, the BSE Sensex and Nifty 50, closed lower by 0.7% each, tracking weakness in global stocks. Europe's continent-wide STOXX 600 index fell 1% in ea...
Rupee ends at record closing low as risk appetite wavers
Rupee ends at record closing low as risk appetite wavers
Source: Reuters
2024-08-08 04:40:41 pm
US markets open low, extending worldwide selloffs Trading on the US stock market on Monday began with another sell-off over recession fears extending the worldwide slump that started in Japan and spread across India and South Korea in Asia and and Europe. The Dow Jones Industrial Average was down 1,197, or  3 per cent, at 5 minutes past 9:30 am on the East Coast. The Nasdaq composite dipped 5.5 per cent the S&P 500 was down by 4 per cent in early trading.  These indices had ended 1.5 per cent, 2.4 per cent and 1.8 per...
US markets open low, extending worldwide selloffs
US markets open low, extending worldwide selloffs
Source: IANS
2024-08-06 09:47:18 am
India stands to gain as global oil prices decline to 8-month low India, the world’s third-largest importer of crude oil, stands to gain as oil prices have fallen to an eitht-month low at $75.8 a barrel in the international market, with a more than $4 a barrel decline since Friday as the slowdown in the US and Chinese economies have raised fears of dampening demand. With US job data showing an increase in the unemployment rate and a sharp fall in Chinese consumption of fuel amid a slowing economy, concerns of a dip in demand outweigh the supply-sid...
India stands to gain as global oil prices decline to 8-month low
India stands to gain as global oil prices decline to 8-month low
Source: IANS
2024-08-05 02:43:14 pm
TIL zooms on signing partnership agreement with Snorkel Europe TIL is currently trading at Rs. 405.00, up by 14.40 points or 3.69% from its previous closing of Rs. 390.60 on the BSE. The scrip opened at Rs. 410.10 and has touched a high and low of Rs. 410.10 and Rs. 371.10 respectively. So far 65070 shares were traded on the counter. The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 410.10 on 05-Aug-2024 and a 52 week low of Rs. 68.72 on 14-Aug-2023. Last one week high and low of the scrip stood at Rs. 410.10...
TIL zooms on signing partnership agreement with Snorkel Europe
TIL zooms on signing partnership agreement with Snorkel Europe
Source: Accord Fintech
2024-08-05 02:13:14 pm
Portugal approves major investments in national energy grid  The Portuguese government announced that it has greenlit a series of significant investments by Redes Energetics Nacionais (REN) aimed at extending and developing the National Transmission Network (RNT).  The approval, announced in a statement by Environment and Energy Minister Maria da Graca Carvalho on Friday, underscores the country's commitment to enhancing its energy infrastructure and promoting sustainability, Xinhua news agency reported. The specific investment pla...
Portugal approves major investments in national energy grid
Portugal approves major investments in national energy grid
Source: IANS
2024-08-03 01:53:04 pm
Zodiac Clothing moves up as its arm acquires 100% stake in Zodiac Clothing Company, England and Wales Zodiac Clothing Company is currently trading at Rs. 107.15, up by 0.20 points or 0.19% from its previous closing of Rs. 106.95 on the BSE. The scrip opened at Rs. 105.45 and has touched a high and low of Rs. 109.75 and Rs. 105.45 respectively. So far 714 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.60 on 20-Oct-2023 and a 52 week low of Rs. 97.15 on 09-Jun-2023. Last one week high and low of the scrip st...
Zodiac Clothing moves up as its arm acquires 100% stake in Zodiac Clothing Company, England and Wales
Zodiac Clothing moves up as its arm acquires 100% stake in Zodiac Clothing Company, England and Wales
Source: Accord Fintech
2024-06-06 12:34:40 pm
Lupin surges as its arm completes acquisition of two brands from Sanofi in Europe, Canada Lupin is currently trading at Rs. 1640.60, up by 77.35 points or 4.95% from its previous closing of Rs. 1563.25 on the BSE. The scrip opened at Rs. 1582.70 and has touched a high and low of Rs. 1640.95 and Rs. 1572.25 respectively. So far 14819 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1727.90 on 22-May-2024 and a 52 week low of Rs. 805.40 on 09-Jun-2023. Last one week high and low of the scrip stood at Rs...
Lupin surges as its arm completes acquisition of two brands from Sanofi in Europe, Canada
Lupin surges as its arm completes acquisition of two brands from Sanofi in Europe, Canada
Source: Accord Fintech
2024-06-05 02:16:05 pm
Hyundai, Kia's Q1 sales in Europe drop 1.3 pc year-on-year The combined vehicle sales of South Korea's leading automakers Hyundai Motor and Kia fell 1.3 per cent from a year ago in the first quarter (Q1) of 2024 in Europe, industry data showed on Thursday. According to data from the European Automobile Manufacturers' Association both automakers sold a combined 2,78,432 units in Europe during the January-March period, down 1.3 per cent from the same period last year. The data showed Hyundai Motor's sales inched up 1.3 per cent to 1,3...
Hyundai, Kia's Q1 sales in Europe drop 1.3 pc year-on-year
Hyundai, Kia's Q1 sales in Europe drop 1.3 pc year-on-year
Source: IANS
2024-04-19 09:22:02 am
Factbox-Key details of India`s pact with four-nation European trade bloc India signed a free trade pact on Sunday with a group of European nations - Switzerland, Norway, Iceland and Liechtenstein - committing to reduce tariffs, while New Delhi receives $100 billion in investments over the next 15 years. India and the members of the European Free Trade Association (EFTA) held 21 rounds of talks over 16 years to clinch the broad-based Trade and Investment Agreement. Here are key facts about the trade pact: BOOST TO TRADE, INVESTMENT: India expects that t...
Factbox-Key details of India`s pact with four-nation European trade bloc
Factbox-Key details of India`s pact with four-nation European trade bloc
Source: Reuters
2024-03-10 03:02:14 pm
India says Europe trade group commits to $100 billion 15-year deal -India and a trade group of four European nations signed an economic agreement on Sunday aimed at increasing trade and investment, capping nearly 16 years of negotiations. The deal is a binding agreement for the European Free Trade Association - Switzerland, Norway, Iceland and Liechtenstein - to invest $100 billion over 15 years in the fast-growing market of 1.4 billion people, said Piyush Goyal, India's union trade minister. "It is a modern trade agreement, fair, equitable an...
India says Europe trade group commits to $100 billion 15-year deal
India says Europe trade group commits to $100 billion 15-year deal
Source: Reuters
2024-03-10 11:55:33 am
India, four-nation European bloc to sign trade deal on March 10 - Economic Times India and a small group of European nations are likely to sign a trade pact on March 10 in which New Delhi has sought a $100 billion investment commitment from the bloc, the Economic Times reported on Friday. The European Free Trade Association (EFTA) - which includes Norway, Iceland, Liechtenstein and Switzerland, nations not part of the European Union - has been in talks with India for a trade deal on goods, services, and investment promotion. Under the deal, India is considering duty...
India, four-nation European bloc to sign trade deal on March 10 - Economic Times
India, four-nation European bloc to sign trade deal on March 10 - Economic Times
Source: Reuters
2024-03-08 11:50:27 am
LTIMindtree joins Eurolife FFH to set up GenAl & digital hubs in Europe, India  In a bid to enable widespread adoption of AI in India and Europe, tech consulting and digital solutions company LTIMindtree on Wednesday signed a memorandum of understanding (MoU) with Greece-based insurance company Eurolife FFH (powered by Fairfax Digital Services). As a part of this MoU, signed in the presence of visiting Greek Prime Minister Kyriakos Mitsotakis, Eurolife FFH will set up generative Al and digital hub in Athens to develop innovative solutions for insurance businesse...
LTIMindtree joins Eurolife FFH to set up GenAl & digital hubs in Europe, India
LTIMindtree joins Eurolife FFH to set up GenAl & digital hubs in Europe, India
Source: IANS
2024-02-21 06:01:41 pm
Google announces $27 mn funding to boost AI training for people in Europe  Google on Monday announced the 25 million euros ($26.98 million) funding from Google.org to support artificial intelligence (AI) training and skills for people across Europe, with a particular focus on vulnerable and underserved communities. The company announced the funding as part of its AI Opportunity Initiative for Europe. Google will start by dedicating 10 million euros to equipping workers with the skills they need to avoid being left behind. "AI has enormous potential ...
Google announces $27 mn funding to boost AI training for people in Europe
Google announces $27 mn funding to boost AI training for people in Europe
Source: IANS
2024-02-12 05:33:21 pm
Tesla price cuts, delivery plan and CEO pay in focus ahead of results Tesla's profitability and deliveries will be on top of investors' minds when the world's most valuable automaker reports results on Wednesday, days after sharp price cuts and announcement of a production pause at the Berlin factory. Falling prices of battery materials are expected to let Tesla show a slight rise in profit margin from the previous quarter. But it will be down sharply from a year ago, and pressure is rising after price cuts in Asia and Europe and rising costs ...
Tesla price cuts, delivery plan and CEO pay in focus ahead of results
Tesla price cuts, delivery plan and CEO pay in focus ahead of results
Source: Reuters
2024-01-22 04:49:27 pm
Asian shares cautious as oil jumps on US strikes in Yemen Asian shares were cautious on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected U.S. inflation data did not dent investors' views on early and aggressive rate cuts in the U.S. and Europe. The rally in rates may have been helped by dovish comments from European Central Bank (ECB) President Christine Lagarde who said rate cuts would occur if the central bank has certainty that inflation had fallen to the 2% level. In b...
Asian shares cautious as oil jumps on US strikes in Yemen
Asian shares cautious as oil jumps on US strikes in Yemen
Source: Reuters
2024-01-12 08:54:24 am
Economics - Impact of supply shocks on inflation minimal by Elara Capitals Elara Composite Supply Chain Index rising; inflation spike unlikely The Elara Composite Supply Chain Index (ECSI; data available till 21/22 December 2023) is up by 18% YoY in Dec-23 to 145 versus past threemonth average of 122, indicating risks are re-emerging to global supply chains and global trade, especially through Asia/Europe to Europe/Asia. Given the strategic importance of the Red Sea (12% of trade), a prolonged disruption in the route could hit global merchandise supply. However, ...
Economics - Impact of supply shocks on inflation minimal by Elara Capitals
Economics - Impact of supply shocks on inflation minimal by Elara Capitals
Source: Elara Capital
2023-12-27 12:51:05 pm
Asia shares start December on cautious note, oil nurses losses Asian sharemarkets started the last month of the year on a cautious note after recent strong gains, though growing expectations Europe and the U.S. are poised to cut rates should help ease pressure on local currencies and central banks. Global oil prices extended losses after a drop of more than 2% overnight as voluntary oil output cuts by OPEC+ producers for the first quarter next year fell short of market expectations. [O/R] MSCI's broadest index of Asia-Pacific shares outside Jap...
Asia shares start December on cautious note, oil nurses losses
Asia shares start December on cautious note, oil nurses losses
Source: Reuters
2023-12-01 08:40:55 am
Brisk export orders stoke new season basmati rice prices in India New season basmati rice prices in India have surged this year due to robust demand from the world's top buyers in the Middle East and Europe, forcing bulk buyers in wholesale grain markets to pay 10% to 15% more than last year. Last month's decision to cut a floor price for basmati rice exports to $950 a ton from $1,200 a ton has spurred a flurry of export contracts, boosting demand and pushing up prices in most wholesale markets of top grain growing states, farmers said. This m...
Brisk export orders stoke new season basmati rice prices in India
Brisk export orders stoke new season basmati rice prices in India
Source: Reuters
2023-11-29 08:59:50 am
HSBC taps UBS` Gautam Anand for key South Asia private banking role HSBC Holdings has hired UBS Group banker Gautam Anand as the global coordinator for affluent Indian clients across the Middle East, North Africa and Europe, according to an internal memo seen by Reuters on Tuesday. Anand, with over 25 years of experience in the private banking industry, was crucial in expanding UBS' South Asian and global Indian client network across Asia, according to the memo.He is set to assume the new role on Dec. 1. A spokesperson for HSBC confirmed the content...
HSBC taps UBS` Gautam Anand for key South Asia private banking role
HSBC taps UBS` Gautam Anand for key South Asia private banking role
Source: Reuters
2023-11-28 11:59:38 am
India`s first-ever shipment of bananas by sea to Europe flagged off India’s first ever shipment of bananas by the sea route to Europe was flagged off on Thursday. The groundbreaking initiative organised by the Agricultural and Processed Food Products Export Development Authority (APEDA) is aimed at enhancing the market share of Indian bananas in the European market. A total of 19.50 metric tons of bananas were exported by the APEDA registered exporter M/s INI Farms Pvt. Ltd. from Maharashtra, The consignment of bananas was dispatched from the pack...
India`s first-ever shipment of bananas by sea to Europe flagged off
India`s first-ever shipment of bananas by sea to Europe flagged off
Source: IANS
2023-11-10 10:29:00 am
Meta launches paid ad-free subscription for FB, Instagram in EU Meta on Monday introduced a new paid subscription option in the EU, EEA (European Economic Area) and Switzerland that will remove ads from Facebook and Instagram. The service will be offered next month for around 9.99 euros per month on the web or 12.99 euros a month on iOS and Android. To comply with evolving European regulations, Meta will offer people who use Facebook or Instagram and reside in these regions the choice to continue using these personalised services for free with ads, ...
Meta launches paid ad-free subscription for FB, Instagram in EU
Meta launches paid ad-free subscription for FB, Instagram in EU
Source: IANS
2023-10-31 09:18:09 am
India`s Dr Reddy's tops Q2 profit view on higher sales India's Dr Reddy's Laboratories reported a bigger-than-expected rise in second-quarter profit on Friday, boosted by strong U.S. sales of its generic version of the popular cancer drug Revlimid. The company's consolidated net profit after tax rose 33% to 14.82 billion rupees ($178 million) in the quarter ended Sept. 30, beating analysts' average estimate of 12.69 billion rupees, as per LSEG data. Consolidated quarterly revenue rose 9% to 69.03 billion rupees led by a 9% g...
India`s Dr Reddy's tops Q2 profit view on higher sales
India`s Dr Reddy's tops Q2 profit view on higher sales
Source: Reuters
2023-10-27 04:46:15 pm
Asian stocks slump to 11-mth lows as higher-for-longer rate fears persist Asian stocks slid to 11-month lows on Wednesday, U.S. futures dropped and the dollar surged as Treasury yields spiked back toward peaks on fears that U.S. interest rates will stay high.A rebound in U.S. home sales was the latest trigger for concern in the bond market. Corporate earnings have also been mixed. Alphabet shares logged their worst session since March 2020 overnight, dropping 9.5% as investors were disappointed with stalling growth in its cloud division.MSCI's broadest index of Asi...
Asian stocks slump to 11-mth lows as higher-for-longer rate fears persist
Asian stocks slump to 11-mth lows as higher-for-longer rate fears persist
Source: IANS
2023-10-26 08:47:00 am
AKI India to raise Rs 80 crore via issue of equity shares, warrants AKI India Ltd, a Kanpur-based leather goods maker, announced on Wednesday that it would be raising Rs 80 crore via issue of equity shares and warrants.It will raise Rs 40 crore by issuing equity shares, through preferential allotment to persons and entities belonging to the non-promoter category.Another Rs 40 crore would be raised by issuing convertible warrants, again through preferential allotment to persons and entities belonging to both the promoter and promoter group, as well as and the ...
AKI India to raise Rs 80 crore via issue of equity shares, warrants
AKI India to raise Rs 80 crore via issue of equity shares, warrants
Source: IANS
2023-10-25 05:24:55 pm
India`s Glenmark Life Sciences posts Q2 profit rise on API boost India's Glenmark Life Sciences reported an 11.1% rise in second-quarter profit on Friday, led by strong growth in its mainstay active pharmaceutical ingredients (API) business in domestic as well as U.S. and European markets.The Mumbai-based drugmaker said its profit rose to 1.19 billion rupees ($14.3 million) for the quarter ended Sept. 30, from 1.07 billion rupees a year earlier.The company, spun off from Glenmark Pharmaceuticals in 2019 to focus on the API business, said its revenue from o...
India`s Glenmark Life Sciences posts Q2 profit rise on API boost
India`s Glenmark Life Sciences posts Q2 profit rise on API boost
Source: Reuters
2023-10-20 02:21:06 pm
Perfios makes 62 employees millionaires after ESOP buyback worth Rs 154 cr B2B SaaS fintech company Perfios on Tuesday announced an ESOP buyback of equity shares worth Rs 154 crore from its 135 employees, making 62 staff members millionaires.Among the beneficiaries of the buyback are 80 women employees. Additionally, 98 employees are under 30 years, while 152 fall within the 30 to 40-year age bracket, the company said in a statement.?It's gratifying to see the Perfios Millionaire Club grow and thrive along with the company?s growth. The buy-back reaffirms our dedica...
Perfios makes 62 employees millionaires after ESOP buyback worth Rs 154 cr
Perfios makes 62 employees millionaires after ESOP buyback worth Rs 154 cr
Source: IANS
2023-10-18 09:37:24 am
TVS Motor rides high on commencing production of first electric bike `CE 02` along with BMW Motorrad TVS Motor Company is currently trading at Rs. 1521.50, up by 20.15 points or 1.34% from its previous closing of Rs. 1501.35 on the BSE.The scrip opened at Rs. 1490.05 and has touched a high and low of Rs. 1528.00 and Rs. 1490.05 respectively. So far 16993 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1546.20 on 28-Sep-2023 and a 52 week low of Rs. 968.00 on 20-Jan-2023.Last one week high and low of the scrip stood at Rs. 1540.0...
TVS Motor rides high on commencing production of first electric bike `CE 02` along with BMW Motorrad
TVS Motor rides high on commencing production of first electric bike `CE 02` along with BMW Motorrad
Source: Accord Fintech
2023-10-09 01:44:31 pm
Why diabetics maybe twice at risk of death from heart disease Low muscle mass is associated with a two-fold risk of death from cardiovascular disease in individuals with diabetes, finds a study.The study showed that the association is independent of frailty, glycaemic control and the microvascular complications retinopathy (damage to the blood vessels of the retina) and nephropathy (kidney disease).Sarcopenia -- age-related loss of muscle mass and strength -- was known to be associated with cardiovascular disease (CVD) and mortality in individuals with ...
Why diabetics maybe twice at risk of death from heart disease
Why diabetics maybe twice at risk of death from heart disease
Source: IANS
2023-10-07 12:48:38 pm
India`s services sector growth surges to 13-yr high in September: S&P survey India?s services sector grew at a robust pace in September, as a positive demand environment boosted intakes of new business and output volumes, according to the S&P Global survey released on Thursday.The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61.0 in September, signalling a sharp upturn in output that was one of the strongest in over 13 years.With workloads rising and capacities experiencing mild pressure, job numbers con...
India`s services sector growth surges to 13-yr high in September: S&P survey
India`s services sector growth surges to 13-yr high in September: S&P survey
Source: IANS
2023-10-05 04:19:28 pm
India`s factory growth eased in September but remained strong -PMI India's factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite increased inflationary pressures, a private survey showed.The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August, missing the Reuters poll forecast for 58.1.That marked the 27th straight month of the index being above the 50-mark separating expa...
India`s factory growth eased in September but remained strong -PMI
India`s factory growth eased in September but remained strong -PMI
Source: Reuters
2023-10-03 11:49:28 am
Dollar hits new high on upbeat data, yen teeters near intervention line The dollar held on to fresh highs on Tuesday, pushing the yen down closer to an intervention zone, after strong U.S. economic data bolstered the view that the Federal Reserve will keep interest rates higher for longer.The euro also traded near a one-year low against the greenback, dropping below January's 1.0482 nadir, as manufacturing surveys released in both Europe and the U.S. on Monday highlighted the divergence between the two economies.The dollar index rose around 0.5% to 107.06, at one...
Dollar hits new high on upbeat data, yen teeters near intervention line
Dollar hits new high on upbeat data, yen teeters near intervention line
Source: Reuters
2023-10-03 09:16:14 am
US pharma giant Viatris inks 2 deals to sell India business for $1.2 bn Viatris (formerly known as Mylan Inc) has finalised two deals in India to divest its API (active pharmaceutical ingredients) and women's healthcare businesses for a combined consideration of around $1.2 billion, the healthcare company said on Monday.The United States-headquartered global healdthcare company has centres in Pittsburgh, Shanghai, and Hyderabad.Viatris has executed an agreement to divest its API business in India to Iquest Enterprises, a Hyderabad-based pharmaceutical company own...
US pharma giant Viatris inks 2 deals to sell India business for $1.2 bn
US pharma giant Viatris inks 2 deals to sell India business for $1.2 bn
Source: IANS
2023-10-02 06:13:17 pm
Dollar at 10-month top as US yields spike; yen slides The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone.A combination of resilient economic data, hawkish Federal Reserve rhetoric and a budget deficit to be financed by borrowing has the 10-year Treasury yield up more than 45 basis points in September to top 4.5% for the first time since 2007.Rates markets are priced for an almost 40% risk of another...
Dollar at 10-month top as US yields spike; yen slides
Dollar at 10-month top as US yields spike; yen slides
Source: Reuters
2023-09-26 08:57:06 am