[ad_1] Emerging markets are in a good position to see a US recession and may even be able to lure investors in. That’s the message from money managers, including JPMorgan Chase & Co. Deutsche Bank AG may be dashing treasuries and other haven assets for fear of a contraction in the world’s largest economy. They […]
Rupee Today: Rupee hits fresh record low against dollar. Here’s what analysts have to say
[ad_1] New Delhi: Rupee fell to an all-time low of 78.86 on Wednesday U.S. Dollar in the open. Some analysts said that it will touch the 79 mark. The partially convertible rupee was trading at 78.94/95 per dollar. The currency had closed at 78.77 on Tuesday. “As the equity markets decided that the downturn was […]
India: As diversification hits the headlines for India Inc, here’s what equity investors should do
[ad_1] Strategic investments, especially mergers and acquisitions, have become the new craze India Because companies with deep pockets spend huge amounts to pursue inorganic growth. This frenzy has been seen across sectors, with recent large investments in everything from paints and cement to media and entertainment, from transportation logistics to pharma. The objective is to […]
Cairn India hits record high on BSE amid stake sale talks
[ad_1] Mumbai: Shares of Cairn India Limited rose 5 per cent to a record high of Rs 358 on Friday. BSE between the news Vedanta Resources UK-based Cairn is in talks to buy a majority stake in a subsidiary of Energy. Shares, which were flat for most of the session, shot up in the last […]
Rupee Today: Rupee hits all-time low, breaks 78/$1 level for the first time
[ad_1] New Delhi: The rupee has come down to the lowest level ever against the rupee. U.S. Dollar A higher-than-expected inflation reading in the world’s largest economy on Monday fueled speculation of an aggressive rate hike by the Federal Reserve, prompting global strength in the greenback. The partially convertible rupee weakened from the 78/$1 mark […]
Core sector output hits six-month high of 8.4% in April
[ad_1] According to official data released on Tuesday, infrastructure industries grew 8.4% year-on-year in April, a six-month high. The core sector saw an exceptionally high growth rate of 62.6% in April 2021, mainly due to the low base effect as Covid disrupted economic activity in the month before. Barring crude oil and steel, all other […]