By Dilip Parmar The Indian rupee retreated in the week after marking two weeks of gain following month-end dollar demand and profit booking by the foreign institutions in the equities. The strength in the dollar index after FOMC and weaker Asian currencies also weighed on the local unit. Going ahead, the focus will remain on […]
Month: February 2024
US Fed interest rate decision, global cues key factors to drive markets this week: AnalystsUS Fed interest rate decision, global cues key factors to drive markets this week: Analysts
The US Federal Reserve’s interest rate decision, global market trends and trading activity of foreign investors are the major factors that would dictate terms in the equity markets in a holiday-shortened week ahead, analysts said. Equity markets will remain closed on Tuesday on account of Ganesh Chaturthi. From the global front, interest rate decisions from […]
Windfall profit tax on crude oil cut; levy on diesel, ATF exports hikedWindfall profit tax on crude oil cut; levy on diesel, ATF exports hiked
The government has cut the windfall profit tax on crude oil produced in the country while the levy on exports of diesel and ATF has been hiked, an official notification said. The tax, levied in the form of special additional excise duty or SAED, on domestically produced crude oil was reduced to Rs 6,700 per […]
Samsung Galaxy A54 5G and Galaxy A34 5G rough-cut: Everything to know in 5 pointsSamsung Galaxy A54 5G and Galaxy A34 5G rough-cut: Everything to know in 5 points
1/5 Samsung’s Galaxy A54 and A34 5G are mid-rangers with lots to like. They are follow-ups to the Galaxy A53 and Galaxy A33. Both smartphones pack a peppy new design scheme based on the Galaxy S23 series template with IP67 rating, fast and colour-rich 120Hz AMOLED screen, optically stabilised main camera, and sizeable 5,000mAh battery. […]
Trials for Coal India’s in-house e-auction platform successful: OfficialsTrials for Coal India’s in-house e-auction platform successful: Officials
The trials for Coal India’s in-house e-auction platform have been carried out satisfactorily, and the mechanism can have a full-fledged rollout across the company’s coal-producing subsidiaries, officials said Sunday. A total of seven trial auctions involving nearly 18 million tonnes of coal have been conducted, they said. At present, external agencies like MSTC and mjunction […]
ISRO Aditya L-1 Launch: All eyes on January 6 firing – Here’s what will happen if it failsISRO Aditya L-1 Launch: All eyes on January 6 firing – Here’s what will happen if it fails
The Indian Space Research Organisation (ISRO) is finally executing the final launch of one of the key maneuvers for Aditya L-1 on January 6 which will reach Lagrange Point 1, nearly 15 lakh kilometers away from Earth to collect data from the Sun. The ISRO Chairman S Somnath has said the L1 insertion will be […]
What is the new hit-and-run law that has led to pan-India protests by truckers?What is the new hit-and-run law that has led to pan-India protests by truckers?
Drivers of commercial vehicles, including trucks and tankers, stopped work across several states on January 1 to protest against the new provision for hit-and-run cases under the Bharatiya Nyaya Sanhita. On Day 2, the protests led to massive traffic jams on highways, creating inconvenience for people across several states, including Maharashtra, Madhya Pradesh, Uttar Pradesh, […]
A global play on India’s largest imports – Oil & MetalsA global play on India’s largest imports – Oil & Metals
By Joydeep Sen As the world transitions from unipolar to multi-polar, global geopolitics has hit a reset button for the first time after the collapse of the USSR in 1990. In the midst of a new market cycle with mixed GDP prospects across major economies, where DMs are constrained by structurally sticky inflation, and tighter […]
Gold slips on rising bond yields, dollar; traders eye FOMC minutes for further cuesGold slips on rising bond yields, dollar; traders eye FOMC minutes for further cues
By Saumil Gandhi In the previous week, bullion prices extended losses due to the upward march in US bond yields and the dollar index. On the other hand, Federal Reserve policymakers have lowered investor expectations on the interest rate front with ‘hawkish’ comments, which have bolstered the possibility of additional rate hikes despite recent U.S. […]
The Rise of the Retail Investor: How Technology is Making Investment Accessible to AllThe Rise of the Retail Investor: How Technology is Making Investment Accessible to All
By Pratik Adani The rise of retail investor uprising in the capital market that came to the fore across the globe (including India) during the COVID pandemic is going to last long. This is because technological advancement in the field of investing has empowered smaller investors and levelled the field for them with institutional investors. […]