Tag: market

Higher demand revives operations at small foundries in Coimbatore

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Higher demand revives operations at small foundries in Coimbatore

For the small foundries in Coimbatore, the last six months have seen a revival of orders after a phase of sluggish demand. “If the current trend continues, small foundries will start investing again,” said Coimbatore Tiny and Small Foundry Owners Association (COSMAFAN) president A. Shiva Shanmughakumar. The foundries in Coimbatore district require about two lakh…

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Business

Higher demand revives operations at small foundries in Coimbatore

Posted on By admin
Higher demand revives operations at small foundries in Coimbatore

For the small foundries in Coimbatore, the last six months have seen a revival of orders after a phase of sluggish demand. “If the current trend continues, small foundries will start investing again,” said Coimbatore Tiny and Small Foundry Owners Association (COSMAFAN) president A. Shiva Shanmughakumar. The foundries in Coimbatore district require about two lakh…

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Nation

Rupee ends almost flat at 89.23 against U.S. dollar

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Rupee ends almost flat at 89.23 against U.S. dollar

Representative image | Photo Credit: Reuters The rupee slipped 1 paisa to close at 89.23 (provisional) against the U.S. dollar in a range-bound trade on Wednesday (November 26, 2025), as firm domestic equities and a slide in global crude prices offset the impact of a strengthening greenback. Foreign fund outflows and concerns over geopolitical developments…

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Business

Rupee declines 16 paise to settle at 86.56 against U.S. dollar

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Rupee declines 16 paise to settle at 86.56 against U.S. dollar

Image for representative purposes only | Photo Credit: Reuters The rupee depreciated 16 paise to close at 86.56 (provisional) against the U.S. dollar on Thursday (January 16, 2025), dragged down by a strong American currency overseas, elevated crude oil prices and foreign fund outflows. “However, positive domestic equity markets provided some cushion at the lower…

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Business

Rupee recovers from record low to settle 8 paise higher at 86.62 against U.S. dollar

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Rupee recovers from record low to settle 8 paise higher at 86.62 against U.S. dollar

Image for representative purposes only | Photo Credit: Reuters The rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 (provisional) against the U.S. dollar on Tuesday (January 14, 2025) as the American currency retreated from record high. Some recovery in domestic equity markets after the release of macroeconomic numbers also supported…

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Business

Markets trade lower in first session of 2025 on unabated foreign fund outflows

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Markets trade lower in first session of 2025 on unabated foreign fund outflows

Image for representative purposes only | Photo Credit: Reuters Benchmark indices Sensex and Nifty traded lower in early trade on Wednesday (January 1, 2025), the first session of 2025, as unabated foreign fund outflows continued to dent investor sentiments. Investors also remained cautious ahead of the start of earnings season next week. The 30-share BSE…

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Business

Markets settle lower amid selling in blue-chip stocks

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Markets settle lower amid selling in blue-chip stocks

Image for representative purposes only | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty ended lower on Monday (December 9, 2024), dragged down by selling in blue-chip stocks Reliance Industries, Hindustan Unilever, Axis Bank and mixed global trend. After oscillating between highs and lows during the day, the 30-share BSE benchmark Sensex declined 200.66…

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Business

Rupee rises 2 paise to 83.96 against U.S. dollar

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Rupee rises 2 paise to 83.96 against U.S. dollar

Image used for representational purpose. | Photo Credit: Reuters The rupee rose 2 paise to 83.96 against the U.S. dollar in early trade on Wednesday (September 4, 2024) aided by a weakening dollar against major currencies overseas and a drop in crude oil prices. The dollar index, which gauges the greenback’s strength against a basket…

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Business

Export bans and stocking limits: are they working? | Data

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Export bans and stocking limits: are they working? | Data

A policy brief argued for a rational trade policy to contain food inflation which takes into account both consumers and producers. | Photo Credit: TRAVELLINGLIGHT A policy brief issued by the Indian Council for Research on International Economic Relations said that the recent steps taken by the government to curb inflation, such as wheat and…

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Business