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July 12, 2023 6:11 PM
U.S. stocks rose yesterday helped by optimism ahead of key inflation reports and as JP Morgan and other financial shares gained. The Dow Jones Industrial Average climbed 0.9 percent, the S&P 500 index gained 0.7 percent and the Nasdaq Composite rose 0.6 percent....
July 12, 2023 6:09 PM
Global crude oil prices were steady today. In intra-day trade, Brent crude was trading at 79 dollars and 30 cents a barrel. West Texas Intermediate crude price was at 74 dollars and 90 cents per barrel....
July 12, 2023 5:00 PM
In the forex market, the rupee today appreciated 12 paise to close at 82 rupees and 25 paise against the US dollar. The dollar index, which indicates the US currency's strength against a basket of six other leading currencies, was at 101.47 in intra-day trade....
July 12, 2023 4:52 PM
Asian markets today ended mixed. Hong Kong's Hang Seng surged 1.1 percent, South Korea's Kospi climbed half a percent and Singapore's Straits Times index gained 0.4 percent. On the other hand, China's Shanghai Composite and Japan's Nikkei-225, both dec...
July 11, 2023 8:51 PM
GST Council has decided to exempt cancer-fighting drugs, medicines for rare diseases, and food products for special medical purposes from GST tax. Union Finance Minister Nirmala Sitharaman today chaired the 50th GST Council meeting in New Delhi. Addressing the media after the meeting, the Minister s...
July 11, 2023 8:37 PM
Reserve Bank of India's Governor Shaktikanta Das has asked banks to be extra careful and vigilant in view of various adverse global developments. Governor today held meetings with the MD & CEOs of public and select private sector banks in Mumbai. In introductory remarks, the Governor not...
July 11, 2023 8:23 PM
RBI's Deputy Governor T. Rabi Shankar said that by the end of Month, Central Bank Digital Currency (CBDC) will be interoperable with the UPI QR code. It means participants of CBDC's pilot project will be able to transfer CBDC to another user's CBDC account if he has one, else the CBDC...
July 11, 2023 6:53 PM
Gold prices today rose 180 rupees at Multi Commodity Exchange for August contracts. The precious metal was trading at 58,870 rupees per 10 grams. Silver also added marginally to trade at 71,370 rupees per kilogram for September Contracts. In the global markets, gold was trading up at 1,942 dollar...
July 7, 2023 6:16 PM
Gold prices rose 143 rupees at Multi Commodity Exchange for August contracts. The precious metal was trading at 58,544 rupees per 10 grams. Silver fell 29 rupees to trade at 70,295 rupees per kilogram for September Contracts when reports last came in. In the global markets, gold was trading...
July 7, 2023 5:20 PM
U.S. stocks ended sharply lower on 6th July 2023, Thursday as the predictions that the Federal Reserve will be aggressive in raising U.S. interest rates hiked. The Nasdaq Composite and the S&P 500 index both, tumbled 0.8 percent and the Dow Jones Industrial Average declined 1.1 per...
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