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Crude oil prices lack lustre and are trading in a narrow band on Tuesday, held between tightening supply condition amid fears of depleting demand in the face of recession. Aggressive monetary tightening by global central banks to curb soaring inflation is seen adding to recessionary concerns. Meanwhile, members of the Organization of Petroleum Exporting Countries and its allies (OPEC+) recently voiced their support for a […]

The US stock market finished session sharp higher on Monday, 17 October 2022, with major averages all posting strong gains on the day, as investors hunting stocks at reduced levels following the steep drop seen on Friday. Meanwhile, better than expected earnings from Bank of America also lifted up sentiments. The strength on Wall Street also came following news the U.K. government is reversing course […]

The agreement will assist Outokumpu in achieving its aim of being an agile, data-driven, and sustainable company by delivering next-generation apps and developing a Microsoft Azure-powered platform for Outokumpu's corporate and factory applications.

Consolidated Total Income for Q2FY23 higher by 30%.

According to figures released today, the RBI sold $19.05 billion in net sales in July, but $4.25 billion in August

Gold is down nearly half a percent on Tuesday as dollar is seen recovering in early trades. The yellow metal pulled back below $1660 mark as dollar index picked up bids near 112 levels. Also, the 10-year US Treasury yields is oscillating below the critical figure of 4%. Gold futures are currently quoting down 0.43% at $1656.80 an ounce. The New York Fed said its […]

Wipro and Outokumpu, a leading multinational stainless steel manufacturer, have announced a strategic deal to accelerate Outokumpus cloud transformation for applications. This is yet another win for Wipro in Finland, resulting from Wipros renewed focus and investments across the Nordics and in Finland. The deal will help Outokumpu reach its goal of becoming an agile, data-driven, sustainability focused organization by delivering next-generation applications and building […]

Copper is holding near lower levels in early Asia as accumulating rate hikes from the Federal Reserve and central banks worldwide added significant weight to copper prices over the past few months. Concerns over Chinese demand also weighed, after President Xi Jinping signaled that the country has no plans to scale back its strict zero-COVID policy. However, on the day the red metal is down […]

A report released by the Federal Reserve Bank of New York on Monday showed regional manufacturing activity has contracted by more than expected in the month of October. The New York Fed said its general business conditions index slid to a negative 9.1 in October from a negative 1.5 in September, with a negative reading indicating a contraction in regional manufacturing activity. The bigger than […]

Suzlon Group today announced a new order win for the development of a 48.3 MW wind power project for Adani Green Energy. Suzlon will install 23 units of their wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located in Mandvi, Kutch Gujarat and is expected to be commissioned in 2023. This […]