Plans for French oil major TotalEnergies to form a new joint venture with India's Adani Green Energy took a step forward on Monday, as the Indian company's board voted to approve a deal with a $444 million investment on Total's side. The pair had announced in September 2023 that they would form a new joint … Read more
Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel by 0156 GMT. U.S. West Texas Intermediate crude, which did … Read more
Gold prices drifted lower on Tuesday, while investors awaited a slew of U.S. economic data to gauge the size of the Federal Reserve's expected interest rate cut this month. Spot gold eased 0.2% at $2,494.19 per ounce by 0155 GMT. Prices hit a record high of $2,531.60 on Aug. 20. U.S. gold futures fell 0.1% … Read more
Bond yields drifted higher on Tuesday, while currencies and Asia's stock markets steadied as investors waited on a raft of data to determine how deeply the U.S. can cut interest rates. Ten-year Treasury yields were slightly higher at 3.919% and two-year yields rose a basis point to 3.935% as trade resumed in Asia following a … Read more
India's benchmark Nifty 50 index is set to open at a record high on Tuesday as investor sentiment remains upbeat on the back of strong domestic growth and rising foreign inflows, while traders eye Adani Green Energy as it deepens ties with France's TotalEnergies. The GIFT Nifty was trading at 25,365.5 points as of 8:04 … Read more
The coal production in India reached 384.08 million tonnes (MT) up to August in the current fiscal, a growth of 6.48 per cent compared to 360.71 MT during the same period in FY24, the government said on Monday. According to the Ministry of Coal, the production of Coal India Limited (CIL) surged to 290.39 MT … Read more
Developers are driving GDP growth and in the era of artificial intelligence (AI), India is set to surpass the US to become the largest software developer community globally by 2027, according to Thomas Dohmke, CEO of Microsoft-owned software development collaboration platform GitHub. India is creating the digital public infrastructure (DPI) of the future with the … Read more
BLS International Services is currently trading at Rs. 427.65, up by 5.80 points or 1.37% from its previous closing of Rs. 421.85 on the BSE. The scrip opened at Rs. 421.80 and has touched a high and low of Rs. 439.90 and Rs. 407.50 respectively. So far 318897 shares were traded on the counter. The … Read more
India's Nifty 50 rose for a thirteenth consecutive session on Monday, its longest-ever rally, powered by gains in IT stocks on hopes of a U.S. rate cut and as shares of consumer goods companies rose on a prediction of good monsoon rains. The benchmark Nifty 50 index ended 0.17% higher at 25,278.7 points and the … Read more
Nomura lowered its FY25 economic growth forecast for India to 6.7% year-on-year from 6.9% after official data on Friday showed the country's gross domestic product (GDP) grew slower than expected on an annual basis in the April-June quarter. India's GDP rose 6.7%, less than the 6.9% forecast by a Reuters poll and the 7.8% growth … Read more
