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While the interest rate for the well-known PPF and NSC was kept constant, it was increased by up to 30 basis points for five other schemes where income accruing is taxed.

First-time claims for U.S. unemployment benefits unexpectedly fell to a five-month low in the week ended September 24th, according to a report released by the Labor Department. The report showed initial jobless claims slipped to 193,000, a decrease of 16,000 from the previous weeks revised level of 209,000. The Labor Department said the less volatile four-week moving average also edged down to a four-month low […]

The rupee had a stronger opening at 81.61, but due to dollar purchases by foreign banks and energy corporations, the gains were not able to be maintained

IOC stated in a stock exchange statement that its board had approved the incorporation of the subsidiary, Finance Company, and the opening of its office in Gandhinagar's Gujarat International Finance Tec-City (Gift City), which is home to the International Financial Services Centre (IFSC).

The Indian rupee is expected to commence on a slightly stronger note on Friday as dollar is seen giving up some of its large gains seen in recent times. The dollar index that tracks the greenback against a basket of currencies is currently down marginally at 112.15. However, all eyes are now on the central bank that is due to give out its monetary policy […]

Gold prices are seen recovering from two and half year lows helped by dollar that is seen off recent peaks. A spike in dollar index to fresh two decade peaks above 114 following a hawkish Fed has weighed heavily on the yellow metal that is still on track for a sixth straight month of losses. In September alone, the bullion is down 3.8%. Elevated U.S. […]

According to the terms agreed upon between the parties, the developer may even later purchase an additional 0.4-acre property parcel that adjoins this plot through a different transaction. K Raheja Corp will own about 1.9 acres of land in this location with the second tranche of the agreement.

Copper gave up recent gains and is down in early Asia on Friday after manufacturing sector in China continued to contract in September, and at a faster pace, the latest survey from Caixin showed on Friday with a manufacturing PMI score of 48.1. Besides, US stocks showed a substantial move back overnight with major averages well off their worst levels going into the close but […]

Ranju Alex stated during her speech at the Hoteliers' Conclave 2022 that Tier II and Tier III cities in India are experiencing unprecedented growth.

The Commerce Department released its third estimate of U.S. economy activity in the second quarter on Thursday, showing the decrease in gross domestic product was unrevised from the previous estimate. The report said real GDP fell by 0.6 percent in the second quarter, unchanged from the drop reported last month. The dip in GDP in the second quarter follows a 1.6 percent slump in the […]