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Traders react after the closing bell on the floor at the New York Stock Exchange (NYSE) in New York City, | Photo Credit: REUTERS A U.S. stock market perched at record highs received an encouraging message from the Federal Reserve, after the central bank stuck with its rate cut projections for 2024 despite stronger-than-expected economic…
Read More “Steady Fed outlook lifts stock market’s hopes for ‘soft landing’” »
The Kudankulam nuclear power project in Tamil Nadu. | Photo Credit: REUTERS The story so far: On March 21, Brussels hosted the first-ever Nuclear Energy Summit, co-chaired by the Prime Minister of Belgium Alexander De Croo and the Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi. Several world leaders joined the…
The Bombay Stock Exchange in Mumbai. File Benchmark equity indices Sensex and Nifty surged nearly 1% on Thursday in tandem with a rally in global markets after the U.S. Fed projected three rate cuts this year. Rising for the second day, the 30-share BSE Sensex jumped 539.50 points or 0.75% to settle at 72,641.19. During…
Read More “Sensex, Nifty surge amid global markets rally on U.S. Fed rate cut plans” »
Rupee hit an intra-day high of 83.04 and a low of 83.16. File | Photo Credit: The Hindu The Rupee appreciated six paise to close at 83.13 (provisional) against the U.S. dollar on March 21, supported by a firm trend in domestic equities and a weak greenback amid rising appetite for riskier assets. At the…
Read More “Rupee rises six paise to close at 83.13 against U.S. dollar” »
Image used for representational purpose. | Photo Credit: Reuters The rupee rebounded 14 paise to 83.05 against the U.S. currency in early trade on Thursday as the dollar retreated from high levels in global markets after the U.S. Federal Reserve indicated three rate cuts this year. At the interbank foreign exchange market, the rupee opened…
Read More “Rupee rebounds 14 paise to 83.05 against dollar as U.S. Fed indicates 3 rate cuts” »
Australia’s vast iron ore mining sector is facing stark choices as its biggest customer China has likely hit a peak in its steel production and global pressures mount to decarbonise one the world’s most polluting industries. The scale of these challenges are massive, but not insurmountable, and there are an array of options that Australia’s…
Read More “Australia’s iron ore miners face falling Chinese demand” »
The CCI has dismissed four petitions of Indian app companies filed against Google’s new Play Store billing policy to levy an 11 to 26% charge on in-app payments. File | Photo Credit: Reuters Fair trade regulator CCI on March 20 dismissed four petitions of Indian app companies filed against Google’s new Play Store billing policy…
Read More “CCI dismisses pleas of Indian app cos against Google’s new Play Store billing policy” »
Mumbai, Mar 20 (ANI): Sajjan Jindal, JSW, Chairman, Parth Sajjan Jindal,Member of Steering Committee of JSW MG Motor India and Rajeev Chaba, CEO Emeritus of MG Motor India, JSW and MG Motors joint venture unveil the Cyberster, an all-electric convertible roadster in India, Worli in Mumbai on Wednesday. (ANI Photo) | Photo Credit: ANI Chinese…
indian currency and gdp word spelled out | Photo Credit: anita kumari India’s economic activity likely hit a nine-month high in February, despite rural demand remaining weak and unemployment rising, thanks to a sharp expansion in exports, imports and corporate bond issuances, as per a CareEdge Ratings barometer. The CareEdge Economic Meter, a composite index…
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On Tuesday, the rupee depreciated 13 paise to 83.03 against the U.S. dollar. File. | Photo Credit: Reuters The rupee declined 13 paise to close at 83.16 (provisional) against the U.S. dollar on March 20, weighed down by a strong American currency against major rivals overseas and elevated crude oil prices. However, a recovery in…
Read More “Rupee falls 13 paise to close at 83.16 against U.S. dollar” »