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The Centre, which is the promoter, holds 64.86% stake in IFCI.

Consumer confidence in the U.S. improved much more than expected in the month of September, the Conference Board revealed in a report released on Tuesday. Consumer confidence index climbed to 108.0 in September from an upwardly revised 103.6 in August. The bigger than expected increase by the headline index came as the present situation index increased to 149.6 in September from 145.3 in August, while […]

Bharat Heavy Electrical Limited (Bhel): Bhel has received a order for setting up the 2×660 MW Talcher Thermal Power Project Stage-III on EPC (Engineering, Procurement & Construction) basis from NTPC. Torrent Pharmaceuticals: Torrent Pharmaceuticals has entered into definitive agreements to acquire 100% of Curatio Healthcare (I) Private Limited (Curatio) for Rs 2,000 crore. The consideration includes Rs. 115 crores (on the date of signing) of […]

Gold came under renewed pressure in early Asia on Wednesday tracking an overnight bounce in the US dollar overseas. The greenback strengthened on upbeat consumer confidence and a lower-than-expected decline in durable goods demand. The dollar index that measures the greenback against a basket of currencies was up 0.44% at 114.54, fresh two decade peaks while benchmark US treasury yields spike to 4% early today. […]

A report released by the Commerce Department on Tuesday showed a modest decrease in new orders for U.S. manufactured durable goods in the month of August. Durable goods orders slipped by 0.2 percent in August after edging down by 0.1 percent in July. The modest decreases seen in July and August came after durable goods orders spiked by 2.3 percent in June. The continued dip […]

Renewed strength in dollar overnight is expected to add further pressure on the Indian rupee that lingering at record low levels. The greenback strengthened on upbeat consumer confidence and a lower-than-expected decline in durable goods demand. Meantime, Chicago Fed President Charles Evans and St. Louis Fed President James Bullard made a case for more rate hikes, reaffirming the central banks commitment to tame inflation even […]

But may be a good time, to buy at lower valuations, for retail investors with long term perspective

New home sales in the U.S. unexpectedly showed a substantial rebound in the month of August, according to a report released by the Commerce Department. The report showed new home sales skyrocketed by 28.8 percent to an annual rate of 685,000 in August after plunging by 8.6 percent to a revised rate of 532,000 in July. The sharp increase came after new home sales tumbled […]

The American Petroleum Institute (API) reported a build last week for crude oil of 4.150 million barrels. According to API data, U.S. crude inventories have now gained 23 million barrels so far this year?a build made possible only by releasing 166 million barrels from the nations Strategic Petroleum Reserve. The build comes as the Department of Energy released 4.6 million barrels from the Strategic Petroleum […]

Copper continues to be hammered by strength in dollar overseas and persistent worries that a recession will dent industrial activity and hurt demand for copper. US equities fluctuated on Tuesday before eventually ending the session mixed. While the tech-heavy Nasdaq managed to end the day modestly higher, the Dow and the S&P 500 once again fell to their lowest closing levels since late 2020. Meanwhile, […]