The Indian rupee is likely to open little changed on Tuesday on the back of a recovery in the Chinese yuan and other Asian currencies despite a further rise in U.S. yields. Non-deliverable forwards indicate rupee will open near Monday’s level of 83.1075. “The RBI (Reserve Bank of India) is averse to it (the USD/INR) […]
Month: May 2023
Wall Street Week Ahead-Historically stormy month of September may test US stock rallyWall Street Week Ahead-Historically stormy month of September may test US stock rally
U.S. stock investors are bracing for a potentially volatile September as the market faces key economic data reports, a Federal Reserve meeting and worries over a possible government shutdown during a month of historically muted equity performance.In Septembers since 1945, the S&P 500 has declined an average of 0.7%, the worst performance of any month, […]
State-owned IREDA files draft papers with SebiState-owned IREDA files draft papers with Sebi
State-run Indian Renewable Energy Development Agency (IREDA) has filed preliminary papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO).This is the third time that the state-owned company has filed its IPO papers and is proposing to take the firm public after two failed attempts in 2017 and 2019 in the […]
FPI buying in Indian shares slows to four-month low in AugustFPI buying in Indian shares slows to four-month low in August
Foreign portfolio investor (FPIs) inflows in Indian equities were at a four-month low of 122.62 billion rupees ($1.48 billion) in August, even as purchases rose in the second half of the month, data from the National Securities Depository Ltd (NSDL) showed. FPIs bought shares worth 115.25 billion rupees on a net basis in the second […]
Vande Bharat in Kerala! PM Modi green flags first semi-high-speed train from Thiruvananthapuram – See PhotosVande Bharat in Kerala! PM Modi green flags first semi-high-speed train from Thiruvananthapuram – See Photos
1/7 Prime Minister Narendra Modi flagged off the first Vande Bharat Express of Kerala on Tuesday. It will run from Thiruvananthapuram to Kasargod.At Thiruvananthapuram Central Station, PM Modi flagged off Vande Bharat Express. Chief Minister of Kerala Pinarayi Vijayan, Congress MP Shashi Tharoor, and Governor of the state Arif Mohammed Khan were present on the […]
Hero MotoCorp’s premium push continues to dent market share, m-capHero MotoCorp’s premium push continues to dent market share, m-cap
Hero MotoCorp’s attempts to crack the premium bike segment once again by bringing back the Karizma motorcycle after a nine-year hiatus has not enthused investors, even as it continues to cede market share and has slipped to fourth position in the market capitalisation ranking. After pulling it out from showrooms in 2014 due to poor […]
Shares set to open lower on domestic inflation concernsShares set to open lower on domestic inflation concerns
Indian shares are set to open lower on Wednesday as a sharp rise in July domestic inflation hurt sentiment, while global peers fell on interest rate concerns in the U.S. and worries over China’s economy. India’s GIFT Nifty on the NSE International Exchange was down 0.40% at 19,396.00 at 7:59 a.m. IST. The figures breached […]
Global Uncertainties – Will they fog the Indian growth story?Global Uncertainties – Will they fog the Indian growth story?
By Parry Singh In recent times, the world has been experiencing unprecedented uncertainties due to geopolitical tensions, global banking crises, and the potential for an economic downturn. These factors have created an atmosphere of concern and insecurity, which may inevitably impact India’s growth prospects. However, India has demonstrated its ability to withstand such challenges in […]
Gold Price Today, 31 August: MCX gold slips marginally; support at Rs 59200-58950, resistance at Rs 59650-59810Gold Price Today, 31 August: MCX gold slips marginally; support at Rs 59200-58950, resistance at Rs 59650-59810
Gold Price Today, Gold Price Outlook, Gold Price Forcast: MCX Gold prices slipped marginally on Thursday, while silver rates tumbled 0.32%. On the Multi Commodity Exchange, gold October futures were trading at Rs 59,460 per 10 grams, down by Rs 18 or 0.03%. Silver December futures were trading down by Rs 243 at Rs 76,037 […]
Moody’s downgrades Vedanta Resources, outlook remains negativeMoody’s downgrades Vedanta Resources, outlook remains negative
Moody’s Investors Service has downgraded the rating of Vedanta Resources Ltd because of the elevated risk of debt restructuring over the next few months, as the firm has not made progress on refinancing its upcoming debt maturities. Moody’s said it has downgraded to Caa2 from Caa1, the corporate family rating (CFR) of Vedanta Resources Limited […]