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A report released by the Commerce Department on Thursday showed U.S. business inventories increased in the month of July. The Commerce Department said business inventories rose by 0.6 percent in July after surging by 1.4 percent in June. Wholesale sales tumbled by 1.4 percent, while manufacturing sales slumped by 0.9 percent and retail sales dipped by 0.3 percent.With inventories climbing and sales falling, the total […]

The US Federal Reserve released a report on Thursday showing a modest decrease in U.S. industrial production in the month of August. The report said industrial production edged down by 0.2 percent in August after climbing by a downwardly revised 0.5 percent in July. The report also showed capacity utilization in the industrial sector dipped to 80.0 percent in August from a revised 80.2 percent […]

The 26th Meeting of the Financial Stability and Development Council (FSDC) was chaired by the Union Finance and Corporate Affairs Minister Nirmala Sitharaman in Mumbai yesterday. The Council, inter alia, deliberated on the Early Warning Indicators for the economy. It was noted that there is a need to monitor the financial sector risks, the financial conditions and market developments on a continuous basis by the […]

This Rs 600 crore expansion project will take companys ductile iron pipe plant capacity to over 4 lakh tonnes per annum in two phases.

The company is engaged in the business of Goods Transportation and bus operations.

Copper is seen trading close to the flat line on Friday, although the red metal is all set to record a weekly fall of more than 2.5%. Strength in dollar, hovering near two decade highs pulled by strong treasury yields on expectations of rising interest rates are seen weighing on copper prices. Besides, firmly negative US stocks overnight added to woes for the industrial metal. […]

The US stock market finished volatile session in red territory on Thursday, 15 September 2022, amid persistent concerns over an increased pace of interest rate hiking cycle following unexpectedly strong U.S. inflation data and slew of U.S. economic data released this morning. At the close of trade, the Dow Jones Industrial Average index declined by 173.27 points, or 0.56%, to 30,961.82. The S&P500 index was […]

Broad strength in dollar pulled higher by stronger treasury yields is likely to keep the Indian rupee under pressure on Friday. US 10-year Treasury yields were hovering at 13 week highs near 3.45%, while the dollar index hovered near a 20-year peak of 109.47. Besides, weak risk sentiments across the globe are also expected to weigh down the domestic currency. Asian shares declined on Friday […]

Through launch of two new projects in Thane and Mumbai

Earlier in 2020, STL became the world's first optical fibre and cable manufacturer to attain the ZWL certificate.