By Bhavik Patel Gold bulls heard what they were waiting for. After 10 consecutive rate hikes the Fed signaled that they may finally enact a pause of further rate increases at the next FOMC meeting in June. According to the CME’s FedWatch tool, there is a 79.5% probability that the Federal Reserve will pause at […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Theoil pricesin the country have not been changed on 18 December 2022 and costs have been steady for about six months now. The last country-wide change infuel rateswas on 21 May this year, when Finance MinisterNirmala Sitharamanslashed excise duty on petrol by Rs 8 per […]
With just a few months left for the FAME II—Faster Adoption and Manufacturing of Hybrid and Electric Vehicles—scheme to run its course, there is much debate on whether it should be continued or not. One hears the department of heavy industries is keen to come out with a new variant—FAME III. However, the finance and […]
The Securities and Exchange Board of India (Sebi) is likely to appeal against the order by the Securities Appellate Tribunal (SAT) in the co-location matter in the Supreme Court. The regulator may seek expungement of remarks against it such as “slow approach”, “placing a protective cover”, according to people in the know. “The judgment may […]
The benchmark indices rose for the third consecutive session after the RBI delivered a smaller rate hike in line with market expectations. The investor sentiment was also lifted by largely positive global cues after remarks by Fed chair Jerome Powell on Tuesday. The Sensex rose 0.6% to close at 60,663 points while the Nifty settled […]
Indian benchmark indices ended nearly 1% higher on Tuesday amid mixed global cues. NSE Nifty 50 closed at 18,055 levels, up 160 points or 0.9%, whereas the S&P BSE Sensex closed at 60,655 levels, up 562 points or 0.9%. L&T, HUL, HDFC, HCL Technologies and HDFC Bank were among the top gainers on the Nifty, […]
By Dharmesh Shah Equity benchmarks extended their losing streak over the fourth consecutive week amid escalating geopolitical concerns that led to spike in crude oil prices. The Nifty settled the truncated week at 16245, down 2.5%. The broader market indices relatively outperformed as Nifty midcap and small cap lost 1.6% and 0.4%, respectively. Sectorally, Metal, […]
India’s еconomic ascеnt prеsеnts еxciting opportunitiеs for invеstors. Oncе rеliant on forеign manufacturing and tеchnology, thе country is еxpеriеncing a rеmarkablе transformation, spеarhеadеd by advancеmеnts in domеstic capabilitiеs and a thriving еntrеprеnеurial spirit. This articlе еxplorеs two kеy sеctors poisеd for robust growth: manufacturing and tеchnology. Notably, India’s prowеss in manufacturing has attractеd global attеntion, […]
India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank. Local lenders with a so-called IFSC Banking Unit — basically having a unit in the International Financial Services Centre currently in GIFT City in the western state of […]
Oil prices reclaimed ground on Monday after tumbling more than $2 a barrel in the previous session as optimism from China’s reopening and oil demand recovery outweighed concerns of a global recession. Brent crude futures rose 72 cents, or 0.9%, to $79.76 a barrel by 0103 GMT while U.S. West Texas Intermediate crude was at […]
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