Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Reuters
Ahead of the fourth quarter results of the IT heavyweights Infosys and TCS, and key macro data release, major equity indices ended the week on a higher note led by gains in banking stocks. The BSE Sensex closed 160.10 points or 0.41 per cent higher at 38,767.11. The broader Nifty finished 46.75 points or 0.40 per cent higher at 11,643.45. “Market turned positive despite a weak rupee as investors
Major Indian indices − Sensex and Nifty − closed at their highest-ever on Tuesday riding strong and sustained foreign fund inflows and bets of yet another rate cut over a near-normal monsoon forecast. Both indices touched their all-time highs − Sensex at 39,364.34 and Nifty 11,810.95 − during the early trade and mostly held on to the gains
Investors on Tuesday traded with caution anticipating a further rise in the international oil prices, and conclusion of the third and largest phase of the general elections. Sensex ended 80 points lower after a range-bound movement throughout the day’s trade.
The contribution of core digital sectors like information technology-business process management (IT-BPM), digital communications, and electronics manufacturing to India’s gross domestic product (GDP) may increase from seven per cent in 2017-18 to eight to 10 per cent in 2025, says a new report from McKinsey Global Institute.
Further weakness in inflation could prompt the US Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday. The risk of the Fed missing its 2 per cent inflation target and the trade war
Tokyo: Japanese exports fell for the fifth month in April in a sign of the growing economic strain exerted by the Sino-US trade war, but a pickup in business sentiment and machinery orders show companies remain optimistic about the future. The exports contraction followed gross domestic product (GDP) data
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has completed three roadshows this month visiting Sweden, the United Kingdom and China highlighting the opportunities available through DMCC for companies seeking expansion to global markets through Dubai.
Arada, a developer mandated to build communities that enrich, engage and inspire their residents, has secured two syndicated loans worth a total of Dhs1 billion with Mashreq Bank, a leading financial institution in the UAE. The two Islamic facilities, worth Dhs600 million and Dhs400 million,