India’s services sector regained momentum in November as firms reported a quicker rise in new business and only mild price pressures, helping the industry rebound after losing pace in October, according to PTI. The latest HSBC India Services PMI survey showed a broad improvement in operating conditions, supported by stronger domestic demand.The seasonally adjusted HSBC…
The unprecedented decline in the rupee’s value against the US dollar contributed to the increased precious metal prices. (AI image) Silver price today: Silver prices continued to rally on Wednesday, with the precious metal hitting a new high of Rs 1,84,727 per kilogram. This is an increase of Rs 3,126, whilst gold futures climbed to…
If you want to own stocks at all, make sure they are the kind of businesses you’d be happy to still own 10 years from today. (AI image) Once you decide that you do want a small stock portfolio, the next question is obvious: “Okay, but what do I actually buy?” Most investors start in…
Gold prices surged on Wednesday, extending their upward momentum in both domestic and international markets, as a weak rupee and expectations of monetary easing in the United States boosted investor appetite for bullion. The sharp depreciation of rupee, which slipped to an all-time low against the US dollar, played a key role in lifting local…
Flight operations across several airports were disrupted on Wednesday morning after check-in systems unexpectedly stopped working, prompting airlines to fall back on manual procedures and slowing down departures. A source confirmed to PTI that a system outage affected airport check-in platforms simultaneously at multiple locations. The individual added that the disruption has already resulted in…
Asian equities traded mixed on Wednesday as global traders took their cue from another rally on Wall Street, although the enthusiasm remained limited ahead of crucial US economic data and next week’s Federal Reserve meeting.Hong Kong’s HSI was down 252 points or 0.97% to reach 25,842. Shenzhen and Shanghai also traded in red, down 0.09%…
Online shopping platform Meesho is set to open for subscription on Wednesday, attracting investors with a solid grey market premium. The excitement has been fuelled by positive commentary from analysts.The company is targeting proceeds of Rs 5,421 crore from the IPO, which will remain open until 5 December. The price band has been set between…
NEW DELHI: While asserting that Indian macroeconomic fundamentals are strong and tax cuts will help boost private sector investment, Anant Goenka, the newly elected Ficci president and vice-chairman of the RPG Group, on Tuesday suggested that the Reserve Bank of India should lower interest rates.“The situation is ripe for a rate cut. Inflation was better…
Premiumisation push to help co target faster growth in India, says India chief executive NEW DELHI: India has emerged as the biggest volume-grosser for French spirits giant Pernod Ricard, led by strong sales of local whisky brands, such as Royal Stag, Blenders Pride and 100 Pipers, as well as its premium portfolio of products like…
NEW DELHI: The Supreme Court on Tuesday endorsed an order of Securities Appellate Tribunal that had upheld SEBI’s Rs 30-lakh fine against Reliance Industries (RIL) and its compliance officers for failing to make prompt disclosures on the Rs 43,000-cr Reliance Jio-Facebook deal in 2020 despite it being reported in media.A bench of CJI Surya Kant…