Oil prices nudged higher on Monday as heightened tensions in the Middle East following the overthrow of Syrian President Bashar al-Assad by rebels offset concerns over weak Chinese demand that was highlighted by Saudi Aramco's price cuts to Asian buyers. Brent crude futures rose 22 cents, or 0.3%, to $71.34 per barrel by 0140 GMT. … Read more
The Indian rupee is likely to open slightly lower on Monday as expectations surrounding the incoming Trump administration's policies keep the dollar well-bid despite heightened hopes of a Federal Reserve rate cut this month. The 1-month non-deliverable forward indicated the rupee would open at 84.69-84.70 to the U.S. dollar, compared with its close of 84.6875 … Read more
Gold prices gained on Monday as investors awaited U.S. inflation data due this week for clues on the Federal Reserve’s next monetary policy moves. Spot gold was up 0.5% at $2,644.91 per ounce, as of 0238 GMT. Bullion fell nearly 1% last week. U.S. gold futures added 0.3% to $2,666.80. Gold is supported by headlines … Read more
India's digital infrastructure has undergone a transformative evolution in recent years and so far, 138.34 crore Aadhaar numbers have been generated, the government announced on Sunday. DigiLocker, a platform for digital document verification, now stores 776 crore documents, serving more than 37.046 crore users. Digital Infrastructure for Knowledge Sharing (DIKSHA), the world’s largest education … Read more
Researchers from City University of Hong Kong (CityUHK) on Sunday said they have discovered a new vortex electric field with the potential to enhance future electronic, magnetic and optical devices. The research, published in Science, is highly valuable as it can upgrade the operation of many devices, including strengthening memory stability and computing speed. With … Read more
Indian shares are set to open flat on Monday, after logging their best week since June on Friday, with traders expecting marginal moves ahead of U.S. and domestic inflation data this week. The Gift Nifty futures were trading at 24,731.5 as of 8:12 a.m. IST, indicating that the benchmark Nifty 50 will open near Friday's … Read more
India's finished steel imports from China reached an all-time high during the first seven months of the current financial year from April, according to provisional government data reviewed by Reuters, rattling hundreds of small Indian steel producers. China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, … Read more
India’s rising domestic production of thermal coal and the slowdown in the Chinese economy are expected to exert downward pressure on the price of fossil fuel in Asian markets during 2025, according to an S&P Global report released on Thursday. India’s rising domestic supply and the government’s emphasis on reducing import dependency are likely … Read more
The Indian government and the Asian Development Bank (ADB) on Thursday signed a $50 million loan to build a climate-adaptive water harvesting project in Meghalaya. The aim is to enhance water security by constructing water-harvesting systems to improve access to water and reduce community vulnerability against climate change impacts in the northeastern state. The … Read more
Google will help Andhra Pradesh government drive Artificial Intelligence advancements in the state. Under an agreement signed with Real Time Governance Society on Thursday, Google will provide skill development programmes in schools and colleges, train startups and traditional industries in AI-based solutions, and assist in areas like healthcare and sustainability. This partnership will also focus … Read more
