Latest Updates Around The World
The rupee rose 9 paise to 87.93 (provisional) against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices. Positive sentiments in domestic stock markets lent further support to local unity, according to forex traders. At the interbank forex market, the rupee opened at 87.94 against the US dollar and […]
Eurozone government bond yields rose on Monday as tensions over US-China trade tensions and the health of US regional banks eased, slowing the recent flight to safe-haven assets, while Friday’s surprise credit downgrade for France barely made a difference. Benchmark bund yields recorded their fourth consecutive weekly decline on Friday. Market participants kept a close […]
Indian IT companies Infosys, Wipro and LTIMindtree delivered steady growth in the second quarter, with consecutive revenue increases across the board, Goldman Sachs said. While deal momentum and early signs of demand stabilization point to a soft recovery ahead, brokers warn that AI-driven productivity gains and subdued discretionary spending could keep sector valuations under pressure. […]
After several quarters of pressure from the microfinance portfolio, IDFC First Bank thinks the worst is behind it. “We were hit by the impact of microfinance but it is behind us now,” said V Vaidyanathan, MD & CEO, IDFC First Bank, in an interview with ET Now. He added: “You will now see our net […]
Indian shares rose for a fourth session on Monday, with the Sensex rising 0.5% and the Nifty closing above 25,800, while heavyweights Reliance Industries and HDFC Bank rose on optimism after the results. Gains were partly offset by profit-taking at ICICI Bank, which limited the broader rally. The S&P BSE Sensex rose 411.18 points, or […]
Japan’s Nikkei stock index rose to a record high on Monday as budget expansionist Sanae Takaichi was poised to become the country’s next prime minister with a new political coalition. The Nikkei 225 index rose 3.4% to close at a record 49,185.50. The broader Topix rose 2.5%. Japanese government bonds fell, causing interest rates to […]
Even as India celebrates the biggest festival of the year, Diwali, not everyone is in a festive mood as stock markets remain open. Gurmeet Chadha, Managing Partner and CIO at Complete Circle Consultants, took to social media to criticize the decision of the National Stock Exchange (NSE) and the BSE to remain operational on Diwali. […]
Shares of Dixon Technologies fell as much as 3.2% to Rs 16,150 on the BSE on Monday despite reporting a strong quarterly profit. Analysts from Motilal Oswal and JM Financial said the results confirmed the company’s growth trajectory, but warned that near-term margin pressure and the surge in new components could challenge near-term earnings. Dixon […]
Reliance Industries delivered strong performance across its key business segments in the last quarter, driven by robust telecom metrics, resilient retail growth and expectations of future value unlocking across its diversified portfolio. Telecom activities remain an important driver Sudip Bandyopadhyay, Group Chairman, Inditrade Capital in an interview with ET Now said: “Telecom has performed well. […]
