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Gold prices rebounded on Friday as dollar retreated from recent peaks of 113 mark, although it stays near two decade high, adding pressure on the yellow metal. Interest rate hikes by the Fed caused steep losses in gold this year, as the opportunity cost of holding the yellow metal increased. Accruing strength in the dollar tracking sharply higher treasury yields amid rate hike spree by […]

Samsung India's net profit in the year was Rs 3,844 crore; LG India's was Rs 1174 crore; Apple net profit from India was Rs 1,263 crore

Copper showed modest recovery in early Asia on Friday, recovering from sharp decline overnight as sentiments went haywire following aggressive interest rate hikes by the Federal Reserve. The fourth straight 75-basis point interest rate hike by the Federal Reserve, and comments from the central bank Chair Jerome Powell that signaled more interest rate hikes in the coming months rendered the mood bearish. COMEX copper was […]

Due to the exponential growth in the number of e-commerce companies that need to hold more merchandise close to customers, the demand for warehouses in India's Tier-1 and Tier-2 cities has surged.

According to a report released by Icra on Thursday, Indian dairy companies are expected to have revenue growth of 12—14% in FY23 on a year-over-year basis, supported by a significant recovery in demand, particularly in the HoReCa segment and an increase in retail prices.

Hero MotoCorp: Hero MotoCorp reported consolidated net profit of Rs 682.28 crore in Q2FY23 as compared with net profit of Rs 747.79 crore reported in Q2FY22. Total income rose to Rs 9,252.22 crore during Q2FY23 against Rs 8,696.8 crore recorded in Q2FY22. Wipro: The IT company has roped in former senior executive of Capgemini, Amit Choudhary, as its chief operating officer and member of the […]

Crude oil prices are seen higher in early Asia on Friday as dollar pulled back after strong gains in the previous session. Improving sentiments in Asia stocks also aided sentiments in the commodity. Investors awaiting domestic earnings reports for cues on corporate health and U.S. jobs data for hints on future rate hikes. The Fed had raised rates by 75 basis points on Wednesday and […]

In September, grocery sales decreased 10% month over month, according to the most recent report from retail analytics platform Bizom.

Markets showed strong resilience yesterday

Indian Energy Exchange achieved 7972 MU volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU). The total volume on the Exchange in October22 was lower by 13% on YoY basis due to high volume base of last year, and lower by 2% on MoM basis due to reduced REC trading. Improved supply of domestic coal […]