Headwinds for the Indian rupee are likely to persist on Wednesday amid ongoing strength in the U.S. dollar and a lingering bearish bias on the local currency that may push it to another lifetime low, but traders expect the central bank's intervention to limit sharp losses. The one-month non-deliverable forward indicated that the rupee may … Read more
Oil prices rose slightly early on Wednesday, with market participants expecting to see demand rising in China next year after Beijing announced a looser monetary policy to stimulate economic growth. Brent crude futures gained 10 cents, or 0.14%, to $72.29 a barrel by 0131 GMT, while U.S. West Texas Intermediate crude futures rose 9 cents, … Read more
The dollar traded close to a two-week high versus the yen on Wednesday ahead of a highly anticipated reading of U.S. inflation that could provide clues on the pace of Federal Reserve interest rate cuts. The Australian dollar sagged near a four-month low after a dovish tilt to the central bank's policy outlook a day … Read more
H.G. Infra Engineering is currently trading at Rs. 1511.40, up by 55.10 points or 3.78% from its previous closing of Rs. 1456.30 on the BSE. The scrip opened at Rs. 1539.55 and has touched a high and low of Rs. 1539.55 and Rs. 1508.15 respectively. So far 11891 shares were traded on the counter. The … Read more
Gold prices scaled a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the U.S. Federal Reserve next week, and ahead of the closely watched U.S. inflation report later in the day. Spot gold was up 0.2% at $2,698.47 per ounce, as of 0253 GMT, and hit its … Read more
There is a potential $40 billion investment opportunity for the development of electric vehicles (EVs) and ancillary industries in India over the next 5-6 years, a report showed on Wednesday. About two-thirds of the planned investments can potentially materialise in the lithium-ion battery segment alone, said the report by Colliers, a professional services and investment … Read more
Banks have sanctioned loans to the tune of Rs 1,751 crore to poor artisans such as blacksmiths, masons, potters, carpenters and tailors under the PM Vishwakarma scheme as of October 31, the Parliament was informed. Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha that the government has … Read more
Indian rupee strengthened marginally against the US dollar on Wednesday, despite volatility in the domestic equity benchmark indices ahead of key inflation data later in the day that could influence the Federal Reserve’s interest rate decision. Meanwhile, foreign fund inflows and steady dollar index have supported rupee sentiments. Foreign Institutional Investors were net buyers in … Read more
The Central government has released Rs 122.50 crore to over 1,700 agri-startups in the last five years under the Innovation and AgriEntrepreneurship Development programme, Minister of State for Agriculture Bhagirath Choudhary has informed the Lok Sabha. The programme, implemented in 2018-19 under the Rashtriya Krishi Vikas Yojana (RKVY), aims to promote innovation and agri-entrepreneurship, by … Read more
India’s tea exports increased by 13.18 per cent in value to Rs 3,403.64 crore during the first half of the current financial year (April-September) from Rs 3,007.19 crore during the same period of the previous year, according to the latest data compiled by the Tea Board. In volume terms, tea exports went up by 8.67 … Read more
