Gold prices eased on Friday, but were on track for a second straight month of gains on rising bets of a Federal Reserve rate cut next month, while traders awaited key U.S. inflation data for additional guidance. Spot gold was down 0.3% at $2,513.99 per ounce as of 0333 GMT, but on track to have … Read more
The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a report showed on Friday. The proportion on registrations in this age group increased from 12 per … Read more
Led by growing consumer preference for online shopping and strong internet penetration, India’s e-commerce market value is set to increase at a compound annual growth rate (CAGR) of 18.7 per cent, from $147.3 billion this year to $292.3 billion in 2028, according to a new report. The future of e-commerce payments in the country appears … Read more
Signatureglobal (India) is currently trading at Rs. 1496.35, up by 23.20 points or 1.57% from its previous closing of Rs. 1473.15 on the BSE. The scrip opened at Rs. 1473.30 and has touched a high and low of Rs. 1496.35 and Rs. 1473.30 respectively. So far 62 shares were traded on the counter. The BSE … Read more
The Indian rupee gained slightly on Friday on the back of inflows into local stocks but importers' dollar demand limited the gains. The rupee was at 83.84 against the U.S. dollar as of 10:25 a.m. IST, against its close at 83.87 in the previous session. Despite expectations of inflows related to India's increased weight in … Read more
Indian rupee strengthened against the US dollar on Friday, tracking firm trend in domestic equities, significant foreign fund inflows and muted American currency at overseas markets. Foreign Institutional Investors were net buyers in the capital markets on Thursday, as they purchased shares worth Rs 3,259.56 crore, exchange data showed. Meanwhile, MSCI is set to rebalance … Read more
Industry body Automotive Tyre Manufacturers Association (ATMA) has said that tyre exports from India grew 17 per cent year-on-year to reach Rs 6,219 crore in the first quarter of the current fiscal (Q1FY25) with the US emerging as the biggest market. ATMA said citing data just released by the Ministry of Commerce 'Tyre exports from … Read more
The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for … Read more
The retail inflation rate for farm and rural workers eased to 6.17 per cent and 6.20 per cent, respectively, in July, a government statement said on Thursday. The retail inflation rates for farm and rural workers were 7.02 per cent and 7.04 per cent, respectively, in June this year, according to the Labour Ministry statement. … Read more
Prime Minister Narendra Modi on Friday is all set to lay the foundation of the Rs 76,000 crore Vadhvan Port, an ambitious project expected to play a game-changing role in transforming the economic landscape of Maharashtra as well as the country by generating employment opportunities and facilitating seamless movement of cargo. PM Modi will … Read more
