News Overview

The Indian rupee is likely to recover against the dollar in opening trades on Thursday, tracking broad weakness in the greenback overseas. Dollar declined following the release of the minutes of the Federal Reserves early November monetary policy meeting, which provided further evidence the central bank is considering slowing the pace of its interest rate hikes. The yield on the US 10-year Treasury note dropped […]

Revised record date is 18 November 2022

After reporting a sharp pullback in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales unexpectedly rebounded in the month of October. The Commerce Department said new home sales spiked by 7.5 percent to an annual rate of 632,000 in October after plunging by 11.0 percent to a revised rate of 588,000 in September. […]

Copper is seen quoting higher by more than 1% in early Asian trades on Thursday at $3.65 per pound supported by weakness in the dollar. The red metal also tracked higher equities on the Wall Street following the release of the minutes of the Federal Reserves early November monetary policy meeting, which provided further evidence the central bank is considering slowing the pace of its […]

The US stock market finished higher for a second day on Wednesday, 23 November 2022, as risk sentiments underpinned after minutes from the Federal Reserve that signals a slower pace of interest rate hikes ahead. US markets will be closed on Thursday in observance of the Thanksgiving holiday and will end trading at midday on Friday. At the close of trade, the Dow Jones Industrial […]

Gold futures added gains on Thursday as dollar retreated following Fed minutes that indicated slower pace of interest rate rises. The yield on the US 10-year Treasury note dropped toward 3.7%, the lowest in a week after the latest Fed minutes while dollar index dragged lower by 0.33% at 105.62. Policymakers also noted that with inflation showing little sign of abating, and with supply and […]

New orders for U.S. manufactured durable goods jumped by much more than expected in the month of October, according to a report released by the Commerce Department. The report said durable goods orders shot up by 1.0 percent in October after rising by a downwardly revised 0.3 percent in September. The stronger than expected growth in durable goods orders was partly due to a continued […]

In order to achieve a balance for developing a sustainable model of electricity regulation in the states, the bench ordered the state power regulatory commissions to frame regulations for tariff determination within three months.

Reliance Industries (RIL): RIL said that Jio announced that Jio True 5G will now be available in Pune from 23 November 2022. Jio users in Pune will be invited to the Jio Welcome Offer, to experience Unlimited Data at up to 1 Gbps+ speeds, at no additional cost. Keystone Realtors: Shares of Keystone Realtors will list on the bourses today, 24 November 2022. The issue […]

The bank stated that it anticipates credit growth of 14%—16% for the current financial year as it takes up efforts to recruit deposits after releasing results for the June—September quarter earlier this month.