Indian rupee weakened against the US dollar on Monday tracking sluggish domestic equities, elevated crude oil prices, and dollar demand from importers and foreign banks, while RBI data showed India's forex reserves dropped by $3.235 billion to $654.857 billion for the week ended December 6. However, some weakness were limited by foreign fund inflows into … Read more
After witnessing a bumper growth in 2024 across residential, office and industrial domains, 2025 is likely to be a year of consolidation and continued innovation for the Indian real estate sector, a report showed on Monday. While residential and office markets can potentially stabilise after consecutive peaks, industrial and warehousing demand can witness heightened traction, … Read more
Infosys co-founder Narayana Murthy has reiterated the call to work 70-hour a week, urging young people in India to work hard for the country’s growth. Murthy first suggested the idea of a 70-hour work week in 2023 to boost the country’s growth. While he invited widespread criticism from people and doctors, the concept was hailed … Read more
Reliance Industries is currently trading at Rs. 1274.00, up by 0.65 points or 0.05% from its previous closing of Rs. 1273.35 on the BSE. The scrip opened at Rs. 1275.00 and has touched a high and low of Rs. 1281.60 and Rs. 1271.05 respectively. So far 221547 shares were traded on the counter. The BSE … Read more
World Travel and Tourism Council (WTTC) President and CEO Julia Simpson has said that the Indian tourism sector is expected to double in size to $523 billion in the next 10 years from the present size of $256 billion. Simpson stated the travel and tourism sector employs 45 million people in India. She stated in … Read more
India has seen a record smartphone exports in November this year, surpassing the Rs 20,000 crore mark for the first time in a month, which was led by Apple. According to industry data, smartphone exports crossed Rs 20,300 crore, a more than 90 per cent rise from the same period last year. Apple led the … Read more
Glenmark Pharmaceuticals is currently trading at Rs. 1531.70, up by 14.50 points or 0.96% from its previous closing of Rs. 1517.20 on the BSE. The scrip opened at Rs. 1510.80 and has touched a high and low of Rs. 1550.75 and Rs. 1501.50 respectively. So far 2765 shares were traded on the counter. The BSE … Read more
Asian stock markets were in a wary mood on Monday as surging bond yields challenged equity valuations, particularly for the richly priced tech sector, in a week packed with central bank meetings and major economic data. Figures from China out on Monday showed retail sales rose just 3.0% in November, compared to a year earlier, … Read more
The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential … Read more
Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited however by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents, … Read more
