The Indian rupee is likely to open marginally lower and hover close to its all-time low on Thursday, after U.S. inflation data reinforced bets of a December rate cut by the Federal Reserve, but did little to dent the dollar's stride. The 1-month non-deliverable forward (NDF) indicated that the rupee will open at around 84.85 … Read more
Newly appointed RBI Governor Sanjay Malhotra on Wednesday said the central bank will maintain continuity and stability in policy matters with a greater use of technology to promote financial inclusion. Addressing his first press conference after taking charge at the central bank, the IIT-Kanpur graduate said he would work toward further use of technology to … Read more
Arundhati Bhattacharya, CEO and Chairperson of Salesforce India, will now oversee operations for the company in the ASEAN region, effective February 1, 2025. The major countries in this region under her leadership will include, Singapore, Philippines, Malaysia, Vietnam, Thailand and Indonesia, in addition to India, Sri Lanka and Bangladesh. The ASEAN sales leadership team will … Read more
The government is committed to advancing digital radio technology and its integration into the media ecosystem in the country, Sanjay Jaju, Secretary, Ministry of Information and Broadcasting (MIB), said on Wednesday, as the digital FM radio broadcast in 13 metros and major cities are set to be rolled out in the coming months. Addressing an … Read more
The U.S. dollar traded in a narrow range on Thursday after hitting a two-week high in the previous session, supported by a rise in U.S. Treasury yields even as market players bet the U.S. Federal Reserve will cut interest rates next week. The Aussie dollar surged after Australian employment beat forecasts, while the euro held … Read more
Asian stocks gained on Thursday, tracking Wall Street's tech-led rally overnight after an as-expected reading of U.S. consumer inflation cemented bets for a Federal Reserve interest-rate cut next week. Japan's Nikkei topped 40,000 for the first time since mid-October, led by advances in chip-sector shares. The exporter-heavy index also got a boost from a weakening … Read more
Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows. Brent crude futures were down 5 cents at $73.47 a barrel at 0141 GMT. … Read more
Indian shares are set to open higher on Thursday, tracking other Asian peers, after in-line U.S. inflation data reinforced expectations of a Federal Reserve rate cut next week. The Gift Nifty futures were trading at 24,742.5, as of 7:47 a.m. IST, indicating that the benchmark Nifty 50 will open above Wednesday's close of 24,641.8. Other … Read more
Styrenix Performance Materials is currently trading at Rs. 2881.95, up by 24.90 points or 0.87% from its previous closing of Rs. 2857.05 on the BSE. The scrip opened at Rs. 2857.10 and has touched a high and low of Rs. 2883.25 and Rs. 2823.25 respectively. So far 3623 shares were traded on the counter. The … Read more
India’s retail inflation based on the Consumer Price Index (CPI) is expected to ease to 5.5 per cent in November due to a decline in food prices, according to a Morgan Stanley report. "We expect CPI inflation to edge downwards to 5.5 per cent in November from 6.2 per cent in October, aided by a … Read more
