Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this…
U.S. stock futures were trading flat during Monday’s evening deals, after major benchmark indices finished the regular session higher ahead of the U.S. midterm elections on Tuesday. By 18:20 ET (23:20 GMT), Dow Jones Futures and S&P 500 Futures were…
Oil prices fell almost 5% to a three-week low on Friday, prompting investors to fear that interest rate rises by major central banks would slow the global economy and reduce energy demand. Shares of energy companies fell up to 17%…
The dollar extended its overnight run into Asian trading hours on Tuesday, reaching new two-decade highs against the yen as concerns over continuing inflation drove up US bond rates. The dollar gained ground against the euro, pound, and Swiss franc….
Sugar company shares were under pressure for the second day in a row, tumbling up to 9% on the BSE in Wednesday’s trade after the government announced export limits on sugar on Tuesday. Sugar exports will be regulated by the…
In April, India’s power consumption reached an all-time high of 132.98 billion units, owing to the country’s rising mercury levels. The country’s electricity demand is likely to grow to 220 gigawatts in the next two months, according to India’s power…
Bajaj Auto Ltd reported a 20% drop in overall sales in April to 3,10,774 units on Monday. Bajaj Auto said in a statement that it sold 3,88,016 vehicles in the same month last year. It stated that total domestic sales…
Mortgage lender HDFC Ltd has entered into a binding agreement to sell a 10 percent stake in HDFC Capital Advisors Ltd to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for Rs 184 crore. HDFC Capital is a wholly-owned subsidiary…
Shares of Vodafone Idea (Vi) moved 7 percent higher to Rs 11.03 on the BSE in Wednesday’s intra-day trade on the back of heavy volumes, in an otherwise weak market. At 10:40 am; the stock of Vi was trading 6 percent…
Shares of Zomato plunged to Rs 82.15 on the BSE in Tuesday’s intra-day trade on the back of heavy volume following reports that the Competition Commission (CCI) on Monday ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged…
