The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 752 this week?273 rigs higher than the rig count this time in 2021. Oil rigs in the United States rose by 2 this week to 597. Gas rigs stayed the same at 153. […]
Recent criticisms of the RBI for missing inflation targets and being "behind the curve" in hiking the benchmark interest rate have been met with attempts by RBI officials to refute these claims.
Strength in dollar is keeping gold under pressure in early Asia on Monday, after registering a fall of nearly 4% last week. The yellow metal was battered by the dollars rally to levels not seen since 2002, backed by expectations that the Federal Reserve will maintain its aggressively hawkish monetary policy stance after a stronger-than-expected jobs report. The US economy added 372,000 jobs in June […]
Tata Consultancy Services (TCS): TCS reported 4.5% fall in consolidated net profit to Rs 9,478 crore despite a 4.3% rise in revenue from operations to Rs 52,758 crore in Q1 FY23 over Q4 FY22. Power Grid Corporation of India: The company has been declared as the successful bidder under Tariff based competitive bidding to establish Inter-State transmission system for Transmission System for Evacuation of Power […]
The Commerce Department released a report showing wholesale inventories in the U.S. increased by less than expected in the month of May. The report showed wholesale inventories jumped by 1.8 percent in May after surging by an upwardly revised 2.3 percent in April. The report also showed wholesale sales rose by 0.5 percent in May after climbing by 0.8 percent in April. With inventories increasing […]
Markets may see some improvement in sentiments
Housing Development Finance Corp is poised to become the first Indian borrower to benefit from the central bank's relaxed rules on external commercial borrowings by increasing its foreign borrowing to approximately $1 billion from $750 million previously.
The price of 10 grams of 24-carat gold in Delhi, Mumbai, and Kolkata is Rs 51,210.
The Reserve Bank of India (RBI) on 8 July 2022 imposed a penalty of Rs 70 lakh on Bank of India.
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