By Bhavik Patel The market was watching for the US PCE (Personal consumption expenditure) index for July 2023 which contains the most current data on inflation and the preferred measuring benchmark by the Federal Reserve. The data shows that inflation although has subsided but continues to remain persistent. The US savings rate fell by 3.5% […]
Month: September 2023
Wall Street eyes muted open ahead of key economic dataWall Street eyes muted open ahead of key economic data
Wall Street’s main indexes were set to open subdued on Tuesday as investors refrained from placing big bets ahead of key economic data this week, including job openings figures due later in the day that will provide further clues on the state of the economy.Multiple sets of economic data are scheduled to be released this […]
Rupee snaps two-day fall, recovers 6 paise against US dollarRupee snaps two-day fall, recovers 6 paise against US dollar
The rupee on Wednesday staged a recovery after two days of steep losses to end 6 paise higher at 83.22 against the US dollar on positive cues from domestic equity markets.However, selling pressure from foreign equity investors amid a strong greenback against major crosses overseas and surging crude oil prices weighed on the local unit […]
Nifty, Sensex inch lower, NSE index’s support at 18350-18450; HCL Tech, M&M among top stocks to buyNifty, Sensex inch lower, NSE index’s support at 18350-18450; HCL Tech, M&M among top stocks to buy
By Ajit Mishra Markets have reached record high after 3 months and are currently hovering in a narrow range amid mixed cues. Apart from the continued underperformance of the banking pack, the recent dip in the US markets is largely weighing on the sentiment. Consequently, we are seeing profit taking across sectors and in the […]
Nifty Next 50 rejig: ACC, HDFC AMC, Nykaa to exit; PNB, Shriram Finance, TVS Motors, Zydus to make an entryNifty Next 50 rejig: ACC, HDFC AMC, Nykaa to exit; PNB, Shriram Finance, TVS Motors, Zydus to make an entry
The National Stock Exchange on Thursday announced ACC, HDFC AMC, and Nykaa will be excluded from the Nifty Next 50 index in the latest rejig. Indus Towers and Page Industries will also be removed from the index from 29 September onwards. In their steed, PNB, Shriram Finance, Trent, TVS Motor, and Zydus Lifesciences will be […]
Diamond Jubilee Celebrations of National Maritime Day: India scales new heights, set to be world leader in maritime infrastructure | See PhotosDiamond Jubilee Celebrations of National Maritime Day: India scales new heights, set to be world leader in maritime infrastructure | See Photos
1/10 The Grand Finale of Diamond Jubilee of National Maritime Day was held at Domestic Cruise Terminus, Mumbai with ‘Amrit Kaal in shipping’ as its theme. The day is celebrated to commemorate the embarkation of the first Indian-owned vessel “S S Loyalty” on her maiden voyage from Mumbai to London, on April 5 in 1919. […]
Users lost $300 million in crypto scam 2023: Scam SnifferUsers lost $300 million in crypto scam 2023: Scam Sniffer
According to Cointelegraph, over 324,000 crypto users experienced phishing scams in 2023, with around $295 million in digital assets lost to crypto scammers. Sources revealed that “2023 Wallet Drainers Report,” by Scam Sniffer, a blockchain security platform, had analysed the trends surrounding drainers used in crypto phishing scams. The platform is expected to have mentioned […]
Vedanta Demerger likely to reverse its past efforts of consolidation; Kotak maintains ‘Sell’ on stockVedanta Demerger likely to reverse its past efforts of consolidation; Kotak maintains ‘Sell’ on stock
The Kotak Institutional Equities has maintained its ‘Sell’ rating on Vedanta after the company announced a demerger of its existing businesses into six listed entities. The share of Vedanta surged over 5% to Rs 233.75 during the intra-day trade on Tuesday. “The demerger reverses VEDL’s past efforts (during 2012-17) of consolidating stakes in different businesses […]
ICC TV rights: Disney Star in a fix over $1.5-bn deal with ZeeICC TV rights: Disney Star in a fix over $1.5-bn deal with Zee
Disney Star, which had sub-licensed television rights for the 2024-27 ICC tournaments to Zee for $1.5 billion in August 2022, may now have to broadcast the events on its channels, in the absence of a closure of the deal, top media sources have told FE. Persons in the know say Zee has not sold sponsorships […]
Delhi excise policy case: Arvind Kejriwal skips third Enforcement Directorate summonsDelhi excise policy case: Arvind Kejriwal skips third Enforcement Directorate summons
Delhi Chief Minister has once again decided to skip the Enforcement Directorate (ED) summons for questioning in connection with the Delhi excise case. The Aam Aadmi Party (AAP) chief was asked to appear before the agency on January 3. The party asserted that Kejriwal was ready to cooperate with the agency but claimed that the […]