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Gold is seen struggling near $1720 levels in early Asia on Monday despite a sharp decline in the dollar index. The dollar index is off its recent peaks near two decade highs that helped rally in gold prices on Friday. However, the yellow metal lost its sheen and is currently quoting lower by 0.28% at $1723.75 an ounce. Meanwhile, the dollar index that measures the […]

Wholesale inventories in the U.S. increased by less than expected in the month of July, according to a report released by the Commerce Department. Wholesale inventories rose by 0.6 percent in July after surging by 1.8 percent in June. The smaller than expected advance in wholesale inventories came as a 1.0 percent jump in inventories of durable goods was partly offset by a 0.1 percent […]

However, prices of petrol and diesel in India remain unchanged as oil marketing companies are yet to recover their full losses

By the end of this year, MBSI hopes to increase its fleet of 3,300 units to 9,500 units

Reliance filed its statement of claim with the Mumbai Centre for International Arbitration, citing a violation of the terms of an agreement from December 2017

The US drilling rig count decreased by 1 unit to reach 759 rigs working for the week ended Sept. 9, according to Baker Hughes data. The count is up 256 units from the 503 rigs working this time a year ago. The number of rigs drilling on land was unchanged at 741. The number of rigs drilling in inland waters also was unchanged with 3 […]

Titagarh Wagons announced that the Government of Italy, through its investment arm – Invitalia has taken a strategic stake in Titagarh Firema Spa (TFA), the subsidiary of Titagarh Wagons. Government of Italy will subsequently own 30.30% stake in Titagarh Firema, for an investment of Euro 10 million. This investment has been accompanied by an investment from a private Equity Fund based out of UAE, Hawk […]

Cigniti Technologies has further strengthened its partnership with a leading American retailer by ensuring superior digital experience to their customers and by accelerating their digital ambitions. The Fortune 500 American retailer and Cigniti recently celebrated their 1st anniversary of the partnership, and they see tremendous scope for growth via digitalization that will assure the retailers business outcomes at an accelerated pace. The American retailer is […]

US markets ended last week in green

Reliance Industries RIL): RIL said that its wholly owned subsidiary Reliance Petroleum Retail has executed definitive documents to acquire polyester business of Shubhalakshmi Polyesters (SPL) and Shubhlaxmi Polytex (SPTex). Reliance Petroleum Retail (under name change to Reliance Polyester) will be acquiring polyester business of SPL and SPTex for cash consideration of Rs 1,522 crore and Rs 70 crore, respectively, aggregating to Rs 1,592 crore by […]