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Reliance New Energy Limited (RNEL), a wholly owned subsidiary of Reliance Industries (RIL), will invest $12 million to acquire 20% stake in Caelux.

Tata Steel: The board of directors of Tata Steel has approved amalgamation of all metal companies of Tata group into Tata Steel. The companies that will be merged with Tata Steel are Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining and S & T Mining Company. Reliance Industries (RIL): Reliance New Energy […]

Domestic and global cues are negative today

Potentially signaling a recession, the Conference Board released a report on Thursday showing its index of leading U.S. economic indicators declined for the sixth consecutive month in August. The Conference Board said its leading economic index fell by 0.3 percent in August after sliding by a revised 0.5 percent in July. With the continued decrease, the LEI slumped by 2.7 percent over the six-month period […]

After reporting modest decreases in first-time claims for U.S. unemployment benefits for five straight weeks, the Labor Department released a report on Thursday showing an uptick in jobless claims in the week ended September 17th. The report showed initial jobless claims inched up to 213,000, an increase of 5,000 from the previous weeks revised level of 208,000. The modest increase came after jobless claims dropped […]

The US dollar hovering near its recent peak post an aggressive Federal rate hike coupled with persistent concerns of global recession is weighing on the outlook for energy demand. Rate hikes by central banks around the world this week are stoking concerns about a global economic slowdown. The US Federal Reserve led the charge with its third straight 75 basis point rate hike, along with […]

Copper prices were seen lower on Friday, tracking lower equities and persistent worries of a global recessionary scenario amid sharp rate hikes by global central banks. The US Federal Reserve led the charge with its third straight 75 basis point rate hike, along with increases by the Bank of England and the Swiss National Bank, among others. Rising interest rates across the globe are expected […]

The hackathon, which has a prize pool of Rs1 crore, will end applications on October 9.

Shipyards in Surat and Dahej, Gujarat, as well as various commercial and residential properties in Gujarat and Maharashtra, as well as bank accounts owned by ABG Shipyard Ltd., its group companies, and other related entities are among the seized properties, according to a statement from the federal agency.

Gold prices stayed subdued in early Asia on Friday as a hawkish signal from the Federal Reserve sent benchmark treasury bond yields and dollar soaring. The US Federal Reserve went ahead with third straight 75 basis point rate hike. US 10 year treasury yields spurted above 3.7% while the dollar index that measures the greenback against a basket of currencies were hovering near recent peaks […]