News Overview

Godrej Properties (GPL) today announced that it has, on an outright basis, acquired an ~18.6-acre land parcel in Kandivali, Mumbai. The project will have a developable potential of approximately 3.72 million square feet with an estimated revenue potential of approximately Rs 7,000 crore. The development will comprise primarily of premium residential apartments with supporting retail spaces. This will be one of GPLs largest residential developments and significantly […]

The US stocks were mostly lower on Thursday, 01 December 2022, weighing the Dow and the Nasdaq indexes below neutral line, while the S&P 500 index managed to close session slightly higher. The soft finish of the Wall Street came is investors opted to secure profit after a big rally the day before and as report from the Institute for Supply Management showing manufacturing activity […]

Recovery in dollar in early Asia on Friday is seen adding some pressure on gold prices although the bullion continues to hover near a three-month high. The dollar index that measures the greenback against a basket of currencies bounced back to 104.70 tracking 10year benchmark US treasury yields that recovered to 3.53% on Friday. However, the yellow metal is set for their best week in […]

The Commerce Department released a report showing U.S. personal income increased by more than expected in the month of October. The Commerce Department released a report on Thursday showing U.S. personal income increased by more than expected in the month of October. The stronger than expected personal income growth primarily reflected increases in compensation and government social benefits. Disposable personal income, or personal income less […]

Asian markets have opened in red

Activity in the U.S. manufacturing sector contracted for the first time in over two years in the month of November, according to a report released by the Institute for Supply Management. The ISM said its manufacturing PMI slipped to 49.0 in November from 50.2 in October, with a reading below 50 indicating a contraction. With the slightly bigger than expected decrease, the manufacturing PMI fell […]

The price of Brent oil futures has fallen by 11 cents, or 0.1%, to $86.77 per barrel, while the price of U.S. West Texas Intermediate (WTI) crude futures has fallen by 14 cents, or 0.2%, to $81.08 per barrel.

Hero MotoCorp: Hero MotoCorp sold 390,932 units of two-wheelers in November 2022, a growth of 12% over the corresponding month of the previous year (November 2021), when the company had sold 349,393 units. Godrej Properties: Godrej Properties announced that it has, on an outright basis, acquired an ~18.6-acre land parcel in Kandivali, Mumbai. The project will have a developable potential of approximately 3.72 million square […]

Monthly GST revenues more than Rs1.4 lakh crore for nine straight months in a row.

However, such financial instruments should Not be linked to Indian Rupee.