Gold sank to its lowest level in a month in early Asia on Monday, tracking sharp spike in the US dollar following a hawkish Fed speech at the much awaited Jackson Hole conference on Friday. Fed Chairman Jerome Powell said, ?Restoring price stability will take some time, require using central banks tools forcefully,?. The policymaker also stated that restoring price stability will likely require maintaining […]
The Commerce Department released a report showing US personal income increased by 0.2 percent in July after climbing by an upwardly revised 0.7 percent in June. Personal income less of personal current taxes also crept up by 0.2 percent in July. Meanwhile, personal spending inched up by 0.1 percent in July after jumping by 0.1 percent in June. Personal savings as a percentage of disposable […]
The number of total active drilling rigs in the United States rose by 3 last week, according to new data from Baker Hughes published on Friday, interrupting a three-week decline. The total rig count rose to 765 this week?257 rigs higher than the rig count this time in 2021. Oil rigs in the United States rose by 4 this week, to 605. Gas rigs fell […]
Speaking of the upcoming holiday season and Big Billion Days (BBD), Flipkart's biggest discount sale, Badri predicted that demand will increase and that this year's sale will be the best holiday sale ever.
The money raised will be put to use by Oasis for strategic acquisitions and growth both domestically and abroad.
Early on Monday, gold and silver prices were stable, with ten grams of the gold trading at Rs51,600
The consumer sentiment in the US improved by much more than previously estimated in the month of August, as per the data released by University of Michigan. The report showed the consumer sentiment index for August was upwardly revised to 58.2 from the previously reported 55.1. With the much bigger than expected upward revision, the consumer sentiment index is well above the final July reading […]
The company is in discussion with family offices and early-stage investors for the fund raise.
Reliance Industries (RIL): RIL will hold 45th Annual General Meeting at 14:00 IST today, 29 August 2022. The focus may be on the consumer retail business, as per reports. UltraTech Cement: UltraTech Cement has completed expansion of 1.3 mtpa capacity at Dalla Cement Works in Uttar Pradesh. Following the completion, the plants production capacity will increase to 1.8 mtpa. Cipla: Cipla said that the US […]

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