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…
On Wednesday, the rupee reached a historic low of 90.30 against the US dollar during intra-day trading. (AI image) Rupee has breached the 90 mark versus the US dollar for the first time ever, but the currency’s depreciation is not troubling the government. Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the government…
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…
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…
The RBI’s three-day monetary policy committee meeting opens in Mumbai on Wednesday, marking the start of the central bank’s latest policy review. Over the course of the discussions, members of the six-member panel is set to hold discussions on how the central bank should navigate policy, in accordance with the newest growth and inflation readings….
HSBC has a buy on Dr Reddys Labs with the target price at Rs 1,430. Analysts said that the semaglutide opportunity is intact for Dr Reddy’s in Canada, and it has replied to Health Canada’s queries on its application. GLP-1 drugs class remains the company’s focus segment and it is making progress in long-term drivers…
MUMBAI: The rupee fell to a record low on Tuesday, extending losses driven by the absence of a trade deal with the US that has weakened trade and portfolio inflows and pushed the currency into its fifth straight day of decline.The rupee touched 89.95 during the session before closing at 89.87, down 0.4%. Data from…
A steadier mood returned to US equities on Tuesday as easing Treasury yields and a rebound in bitcoin helped major indices regain traction after ending a six-day winning streak, according to AP. Investors leaned back into technology counters while weighing signals on global interest rates and the broader health of the economy.The S&P 500 was…
