GST collections rise 11 per cent, manufacturing PMI hits three-month high India’s goods and services tax collections rose 11 per cent in November from a year ago to Rs 1.46 lakh crore. The S&P Global India Manufacturing Purchasing Managers’ Index hit a three-month high in November, inching up to 55.7 from 55.3 in October. Passenger […]
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Voltas closed nearly 3 percent higher at Rs 842.35 apiece on Thursday and formed long bullish candle on the daily charts with strong volumes Sunil Shankar Matkar December 02, 2022 / 07:34 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // […]
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Representative Image Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve’s interest rate hikes are working. On Wednesday, the S&P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes. U.S. manufacturing activity shrank in […]
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Representative Image The complete electrification of India’s entire fleet of two and three-wheelers, the largest in the world, will require financing to the tune of USD 285 billion (nearly Rs 23 lakh crore), according to a new white paper. Published in collaboration with NITI Aayog, the World Economic Forum (WEF) paper said the last-mile and […]
Continue ReadingAfter a short rally above $ 17,000, bitcoin BTCUSD, +0.38% has dipped to $ 16,959.93, a change of -0.70% over the past 24 hours, according to CoinDesk. “Right now it is kind of stabilizing around that $ 16,000 level. It did a rally above $ 17,000 and that was something that was providing decent resistance. […]
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Commercial vehicle sales in the domestic market fell 10 per cent to 29,053 units, from 32,245 units in November 2021, it added. PTI December 01, 2022 / 03:14 PM IST The AVINYA Concept is an uncompromising vision for electric mobility. The concept enhances the overall sense of space and natural light to the functional console […]
Continue ReadingIt has been a long road for Washington’s cannabis banking bill and an unrelated measure targeting the U.S retirement system. Now both legislative packages have decent or even strong chances of becoming reality by year’s end, according to analysts. The bill that aims to protect financial institutions that work with the marijuana industry MSOS, +6.78% […]
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Representative image Q2 Gross Value Added (GVA) growth slowed expectedly to 5.6 percent, led by sharp contraction in the manufacturing sector, even as continued strength in services sector acted as a growth buffer. However, the GDP growth grew a tad better than our expectations at 6.3 percent, largely reflecting higher net taxes adjusted for subsidies. […]
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Scorpio Classic is powered by an all-aluminum lightweight GEN2 mHawk engine, producing a whopping 97 kW (132 PS) of power and 300 Nm torque. A substantial 230 Nm of low-end torque is produced at only 1000 rpm. (Image: Auto Mahindra) Mahindra & Mahindra on Thursday reported a 56 per cent rise in domestic passenger vehicles […]
Continue ReadingDear Quentin, We have a large friend group from college. We’re all getting married, starting families, getting established in our careers and our lives. I eloped and have a child now. None of my friends attended my wedding. I have attended all of theirs, but none of the bachelorette parties. I was invited to a […]
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Despite strong inflows and positive cues, market participants are doubtful about the rupee’s likely trend for the rest of the year as a wide current account keeps the currency under pressure. Reuters December 01, 2022 / 03:42 PM IST The Indian rupee pared gains but finished stronger against the dollar on Thursday as global markets […]
Continue ReadingThe chairman of the Commodity Futures Trading Commission on Thursday made a plea for more rules governing the crypto industry, as lawmakers are probing what went wrong at the crypto exchange FTX. “If we are going to ensure that FTX and the other firms that are subjecting customers to billions in losses are appropriately regulated […]
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The rupee appreciated by 4 paise to close at 81.26 against the US dollar on Thursday on broad dollar weakness after Federal Reserve Chairman Jerome Powell pointed towards slower interest rate hikes. Forex traders said a fall in crude oil and a rally in domestic equities boosted investor sentiments while foreign fund outflows capped the […]
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TP-ICAP company added the crypto exchange platform, which is for institutional investors only. Reuters December 01, 2022 / 03:46 PM IST Representative image TP ICAP has obtained a license to register as a cryptoasset exchange provider with UK’s financial regulator through its Fusions Digital Assets marketplace, the world’s largest inter-dealer broker said on Thursday. The […]
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In 1968 the London Bullion Market closed for two weeks. The world’s largest precious-metal market had run out of gold, drained by a five-month run on America’s stash by European central banks. The crisis marked the beginning of the end for the Bretton Woods standard that had kept the dollar pegged to gold, and currencies […]
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After four years of intensive work and planning, country’s first and the second Vande Bharat trains as electric multiple units at semi-high speed, were flagged off by Prime Minister Narendra Modi in 2019 on the New Delhi-Varanasi and New Delhi-Katra in J&K routes. PTI December 01, 2022 / 03:50 PM IST State-run Bharat Heavy Electricals […]
Continue ReadingShares of Snowflake Inc. fell more than 5% in after-hours trading Wednesday, when the data-software company’s executives announced quarterly revenue that topped expectations but came up shy with their fourth-quarter sales outlook. Revenue increased to $ 557 million from $ 334 million in the third quarter, whereas analysts were modeling $ 540 million. Snowflake SNOW, […]
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The gaining momentum continued for the eighth straight session on Dalal Street, thus aiding the Nifty50 index to close above the 18,800 mark for the first time on December 1 (the weekly expiry day) amid positive global cues. The US Fed’s hints at smaller rate hikes going ahead and encouraging economic data points bolstered investor […]
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Representative image. (Image: AP/File) GDP growth for Q2 FY23 printed at 6.3 percent yoy (after 13.5 percent in Q1), just slight above analysts’ median estimate. However, growth by the Gross Value Added (GVA) measure tuned out to be substantially lower at 5.6 percent (vs 12.7 percent in Q1). Formally, GDP is equal to GVA plus indirect taxes […]
Continue ReadingU.K. house prices took a sharp tumble in November, falling by the most since the height of the pandemic, according to Nationwide Buliding Society. The latest survey, released Thursday, showed annual house prices slowing to 4.4%, from 7.2% in October. A monthly fall of 1.4% was the biggest since June 2020, following a 0.9% fall […]
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