Global banking and wealth management group Investec on Wednesday initiated a ‘BUY’ rating for Ambuja Cements with a target price of Rs 950 from Rs 577 apiece, which is an impressive 65.1 per cent return as projected. In a note, Investec wrote that it “finds comfort in management, reaffirming its growth goals, cost/synergy targets and … Read more
Gensol Engineering is currently trading at Rs. 777.65, up by 5.90 points or 0.76% from its previous closing of Rs. 771.75 on the BSE. The scrip opened at Rs. 778.55 and has touched a high and low of Rs. 782.80 and Rs. 776.45 respectively. So far 872 shares were traded on the counter. The BSE … Read more
For a developing nation like India, harnessing the power of technology is crucial to driving inclusive growth, improving governance and tackling the long-standing challenges in areas like education, healthcare and financial inclusion, ensuring that technology benefits all segments of society, Jeet Adani, Director of Adani Airport Holdings Ltd (AAHL), said on Tuesday. Delivering the … Read more
The Indian rupee is likely to hold near lifetime lows on Wednesday, with traders awaiting the Federal Reserve's projections on how many times it will cut interest rates next year. The one-month non-deliverable forward indicated that the rupee will mostly unchanged from 84.8950 in the previous session. The dollar index was little changed on Wednesday, … Read more
Under Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) a total of 16.9 lakh candidates have been trained and more than 10.97 lakh candidates or 65 per cent of the total have been placed in gainful employment from FY 2014-15 till November 2024, the Lok Sabha was informed on Tuesday. Under DDU-GKY, placement in the domain … Read more
Gold prices edged higher on Wednesday as attention turned to the Federal Reserve's upcoming monetary policy decision, with the U.S. central bank anticipated to implement a third rate cut this year and provide insights into its plans for 2025. Spot gold nudged 0.1% higher to $2,648.43 per ounce by 0237 GMT. U.S. gold futures were … Read more
The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other central banks meet this week. The Fed is widely expected to deliver a 25-basis-point interest rate cut at the end … Read more
Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve. Brent futures inched up 12 cents, or 0.16%, to $73.31 a barrel by 0134 GMT, while U.S. West Texas Intermediate crude rose 11 cents, or 0.16%, to $70.19 a … Read more
Asian stocks hovered near two-week lows and the dollar hit milestone highs against the Australian and New Zealand dollars on Wednesday in the countdown to an expected U.S. interest rate cut. In Japan, auto shares leapt on hopes that talks between Honda and Nissan heralded industry consolidation. The S&P 500 edged 0.4% lower overnight but … Read more
There has been a close to six-fold increase in the budget allocation for the Department of Agriculture & Farmers Welfare from Rs 21,933.50 crore during 2013-14 to Rs 122,528.77 crore in 2024-25, the Lok Sabha was informed on Tuesday. The major schemes being implemented for farmers’ welfare include the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), … Read more
