Domestic indices recovered losses on Tuesday and closed in the green territory, reacting positively to the Economic Survey 2023. The BSE Sensex closed above 59,500 and the NSE Nifty 50 settled above 17,660. The top gainers of the BSE Sensex were Mahindra & Mahindra (up 3.53%), UltraTech Cement (up 3.09%), Power Grid (up 3.02%), State […]
Foreign investors are likely to keep flocking into South Korean bonds as cooling inflation combined with growing concerns over the nation’s key tech sector pressure the Bank of Korea to start easing policy as early as this year.Offshore markets have already scooped up a net $13.8 billion of South Korean bonds this year, outstripping inflows […]
The SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might open in the green, as Nifty futures traded 44 points higher at 17,683.5 on the Singaporean exchange. On Friday, Nifty and Sensex ended flat, with Sensex settling at 59,655 and Nifty maintaining its position just under 17,625. “Mounting uncertainty in both […]
The new norms for prevention of money laundering have lowered the threshold for identifying beneficial owners (BOs) in foreign portfolio investors (FPIs) to 10% for companies and trusts, a move that could increase compliance and know your customer (KYC) requirements and make India access a little more difficult for many such investors. This threshold was […]
The India Rupee is likely to depreciate on Friday on the back of a strong dollar, rise in crude oil prices and risk aversion in global markets. Market sentiments were hurt as major central across the globe signalled that interest rates will go higher despite recessionary fears. Additionally, investors will remain cautious ahead of manufacturing […]
U.S. stock index futures were mixed on Tuesday after Treasury Secretary Janet Yellen said the government could run out of money within a month, while investors awaited the Federal Reserve’s policy decision.The cost of insuring against a U.S. default hit fresh highs as Yellen said the government will be unlikely to meet all payment obligations […]
Construction major Larsen & Toubro and Canadian pension fund manager Canada Pension Plan Investment Board (CPP) have sold their 100% stake in L&T IDPL, infra asset ownership entity, for `6,000 crore EV. `2,720 crore is the gross equity receipts with L&T’s 51% share implying `1,390 crore receipt. Buoyant equity markets is helping L&T with its […]
To serve the influx of commuters on New Year’s Eve, the Central Railway has announced that four special suburban trains will facilitate passengers between midnight of December 31, 2023 and January 1, 2024.These four special trains will cater to the rush as peoplefrom extended suburbs visit famous locations like the Gateway of India in south […]
In a concerning development, scientists are sounding the alarm about the potential spread of a condition known as chronic wasting disease (CWD), often referred to as “zombie deer disease,” from animals to humans. Over the past year, around 800 cases of CWD have been identified in deer, elk, and moose in Wyoming, USA. The disease […]
Vertex Pharmaceuticals and CRISPR Therapeutics made history last month by gaining approval for the first CRISPR-based drug, exagamglogene autotemcel (Casgevy). However, given that 88% of CRISPR drugs are in the early stages of development, it is unlikely to see another CRISPR approval any time soon, says GlobalData, a leading data and analytics company. In November […]
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