News Overview

Business Wire IndiaWipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced the opening of its Asia Pacific, Middle East and Africa (APMEA) Strategic Market Unit Headquarters in Dubai, UAE.   His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, and His Highness Sheikh Maktoum bin […]

Eicher Motors Ltd has lost 6.48% over last one month compared to 0.82% gain in S&P BSE Auto index and 4.45% rise in the SENSEX

Life Insurance Corporation of India (LIC) disclosed that it decreased its stake in Bajaj Auto from 7.203% to 5.200%.

Bharat Electronics (BEL) has signed memorandum of understandings (MoU) with Armoured Vehicles Nigam and Advanced Weapons and Equipment India to meet the requirements of domestic and export markets.

Except for IT and metal, all other sectoral indices were under pressure.

Route Mobile Ltd has lost 1.13% over last one month compared to 5.31% gain in S&P BSE Telecommunication index and 4.62% rise in the SENSEX

First-time claims for U.S. unemployment benefits edged slightly lower in the week ended November 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 222,000, a decrease of 4,000 from the previous weeks revised level of 226,000. Meanwhile, the Labor Department said the less volatile four-week moving average crept up to 221,000, an increase of […]

A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of November. The Philly Fed said its diffusion index for current activity tumbled to a negative 19.4 in November from a negative 8.7 in October, with a negative reading indicating a contraction in regional manufacturing activity. With the unexpected slump, […]

The key equity indices fluctuated between gains and losses early trade as a tug of war among bears and bulls continued. The Nifty traded tad below the 18,350 level. Auto, pharma and FMCG stocks declined while IT, PSU banks and metal stocks advanced. At 09:23 IST, the barometer index, the S&P BSE Sensex, was up 18.31 points or 0.03% to 61,768.91. The Nifty 50 index […]

The Indian rupee is expected to see some recovery tracking positive equities and as greenback came off overnight highs. Dollar climbed yesterday on comments from St. Louis Fed President James Bullard that even dovish assumptions would require the central banks policy rate to rise to at least around 5%, while stricter assumptions suggest it would be above 7%. The dollar index that measures the greenback […]