Asian equities inched lower on Wednesday ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve‘s monetary policy path, with markets wagering another hike in interest rates at the central bank’s next meeting. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.17% lower in choppy trading. Japan’s Nikkei was 0.49% […]
US tech major Accenture (ACN) has reported strong revenue growth of 15% y-o-y constant currency, 5.2% y-o-y US$ in Q1FY23 (Nov 22-end), above the guided range of 10-14% y-o-y constant currency (CC) terms. Adjusting for foreign exchange impact, which was higher at negative 9.5% vs guidance of negative 8.5%, revenue was ~$150mn higher than the […]
PepsiCo Inc on Tuesday raised its annual revenue and profit forecasts, betting on steady demand for its sodas and snacks as well as price hikes undertaken to offset rising costs. Major consumer goods companies hiked prices to battle skyrocketing costs of everything from aluminum cans to labor and shipping resulting from supply-chain disruptions due to […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading in the negative territory on Friday, while the silver rate is up 0.07%. On Multi Commodity Exchange, gold June futures were trading at Rs 59,759 per 10 grams, down Rs 142 or 0.24%. Silver May futures were trading lower by Rs 52 […]
Adani Group dollar bonds rallied on Friday as billionaire Gautam Adani was said to be in talks with creditors to prepay some loans in a bid to restore confidence in his business empire. The notes also pared losses from earlier in the week as Goldman Sachs Group Inc. and JPMorgan Chase & Co. told some […]
India’s fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia’s third biggest economy boosted by cheap Russian oil. Consumption of fuel, a proxy for oil demand, rose by more than 5% to 4.82 million barrels per day (18.5 million tonnes) in February, […]
By Siddhant Mishra The benchmark indices staged a second-half revival after fluctuating for the early part of the session, with some Adani Group stocks pulling off a revival to lift market sentiment. Investors gained almost Rs 1 trillion on Friday. This gain comes on the back of Rs 13.7 trillion lost since January 24 when […]
Domestic indices concluded Thursday’s volatile session on a mixed note. The BSE Sensex closed in green, above 59,900 while NSE Nifty 50 ended in red, below 17,650.The top gainers of the BSE Sensex were ITC (up 4.72%), IndusInd Bank (up 3.78%), Hindustan Unilever Ltd (up 2.38%), Infosys (up 1.97%) and Wipro (up 1.79%) while Bajaj […]
Foreign portfolio investors (FPIs) have no impact on the markets, according to VS Sundaresan, executive director of Sebi. Strong domestic inflows are now supporting the indices, he said. Speaking at Assocham痴 capital markets summit The Re-set of Globalisation: Capital Formation@2047 for New India, Sundaresan said: 典en years back, Indian markets were completely driven by FPI […]
Udayshivakumar Infra IPO opened for subscription on 20 March and the issue has been booked 58% on day 1, with total bids of 1,15,51,292 shares. Qualified institutional buyers (QIBs) subscribed for 0.97 times of their reserved portion. Retail investors bid for 0.44 times of the shares reserved for RIIs. The NII portion garnered 73% bids […]
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