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The New York Fed said its general business conditions index rose to a positive 3.1 in February from a negative 0.7 in January. The modest rebound by the headline index partly reflected a turnaround by new orders, with the new orders index climbing to a positive 1.4 in February from a negative 5.0 in January. The shipments index also rose to 2.9 in February from […]

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US producer price index for final demand surged up by 1.0 percent in January after rising by an upwardly revised 0.4 percent in December, according to a report released by the Labor Department on Tuesday. The sharp increase in producer prices was partly due to a substantial rebound in energy prices, which spiked by 2.5 percent in January after tumbling by 1.7 percent in December. […]

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Vedant Fashions: Shares of the celebration wear maker will debut on the bourses today. The final issue price has been fixed at Rs 866 per share. Tech Mahindra: The wholly owned subsidiary of the company viz., Tech Mahindra (Singapore) Pte. has approved the proposal to acquire 80% equity shares in Geomatic.ai Pty for a consideration of A$6m. Burger King India: The company has closed its […]

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WTI Crude oil futures tanked today, pulling back from seven year highs in afternoon trades. The US and UK leaders have said not all hope is lost for a diplomatic solution to the Ukraine crisis. Joe Biden and Boris Johnson agreed a deal was still possible despite warnings of imminent Russian military action. Russia also said some troops are starting to return to their permanent […]

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MCX Gold futures broke above Rs 50000 per 10 grams mark in last session, hitting Rs 50300 per 10 grams as global Gold futures soared to eight month high of $1880 per ounce. However, a sharp slide in crude oil and some pick up in risk appetite on some easing of geopolitical tensions pertaining to the Ukraine pulled Gold down sharply. The metal tanked around […]

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Tech Mahindra said that its wholly owned subsidiary Tech Mahindra (Singapore) has approved the proposal to acquire 80% equity shares in Geomatic.AI.

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