News Overview

Weakness in the dollar overseas is expected to support the Indian rupee in opening trades on Monday. The dollar index that measures the greenback against a basket of currencies was seen lingering near 104 mark. Meanwhile, Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as traders remain optimistic that the US Fed will slow the […]

Copper extended its December rally to the new week on Monday, supported by prospect of a broader Chinese reopening, given that the country is one of the biggest commodity importers in the world amid relaxing anti-COVID measures over the weekend in Chinese cities. Several cities in China on Sunday eased some COVID restrictions, following the capital Beijings lead a day earlier after a wave of […]

The facility will serve clients of the company in the public sector, BFSI, energy & utilities, oil & gas, and telecom. The company will hire 1,000 employees to staff the facility and serve both local and international clients

Gold prices started the week on a solid footing tracking persistent weakness in the dollar overseas. The yellow metal stayed at its highest level in nearly four months as dovish Federal Reserve expectations continue to remain a weight on the US Dollar. The dollar index that measures the greenback against a basket of currencies was seen lingering near 104 mark. Meanwhile, COMEX gold futures are […]

State Bank of India (SBI): The state-run lender on Friday (2 December) said it has raised Rs 10,000 crore through its maiden infrastructure bonds, offering a coupon rate of 7.51%. The tenor of these bonds is 10 years. The amount raised through these bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segments. Titan Company: The Tata Group company […]

Cravatex said it completed the sale of its 100% shareholding held in Cravatex Brands, a material subsidiary, to Metro Brands on 1 December 2022.

RBI to announce its next interest rate hike tomorrow

The number of total active drilling rigs in the United States stayed the same this week, according to new data from Baker Hughes published on Friday. The total rig count stayed at 784 this week?215 rigs higher than the rig count this time in 2021, and 291 rigs lower than the rig count at the beginning of 2019, prior to the pandemic. Oil rigs in […]

A closely watched report released by the Labor Department showed employment in the U.S. increased by more than expected in the month of November. The report said non-farm payroll employment jumped by 263,000 jobs in November after surging by an upwardly revised 284,000 jobs in October. The Labor Department said the stronger-than-expected job growth reflected notable job gains in leisure and hospitality, healthcare, and government. […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 37 points at the opening bell. Global markets: Overseas, Asian stocks are trading higher on Monday as China relaxed virus testing rules in some cities, signaling more easing may come in the nation, which has been under strict Covid-related restrictions for more than two years. The […]