U.S. stocks opened lower on Friday, with the S&P 500 on track for a second week of declines, as a strong monthly jobs report heightened expectations the U.S. Federal Reserve could raise interest rates sooner than anticipated.
The Reserve Bank of India's (RBI) foreign exchange reserves hit an all-time high of $ 338.08 billion for a consecutive week, show data released on Friday. The rise in reserves was $ 3.89 billion.
Brent crude oil rose to around $61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets.
The new 10-year benchmark bond, which is considered as the key parameter to price corporate bonds on the street, is expected to be auctioned in the first quarter of the new fiscal at a coupon rate much below the existing one.
The tax sops proposed in the Budget for REITs (real estate investment trusts) can help realise a potential $96 billion by listing the occupied commercial real estate across offices, retail and warehousing segments over the next few years, according to
The dollar held pole position in Asia on Friday as bulls wagered a looming US jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying.
Indian equity, forex, money and commodity markets will remain closed today on account of Holi.
Slowing sales of Mahindra & Mahindra (M&M) for its key product categories of utility vehicles (UVs) and tractors is expected to continue over the near term, due to a slowing rural economy and lack of new products.
Since hitting a low of Rs 137.20 in February, the NTPC stock has risen 15 per cent to Rs 158 levels.
Infosys Chief Executive Officer and Managing Director Vishal Sikka on Thursday said the company's acquisition of Panaya last month showed it was keen to become a next-generation services provider by bringing in automation and artificial intelligence (AI).
For incumbent telecom operators, history is repeating itself. As in the previous round in February last year, this time, too, these operators are putting most of their money in trying to retain their 900-MHz spectrum.
Mario Draghi (pictured) primed investors for an initial bond-buying salvo on Monday as he signaled European Central Bank (ECB) officials are convinced they will succeed in choking off the threat of deflation.
After the Reserve Bank’s rate cut on Wednesday, issuers are rushing to raise short-term funds.RBI cut the repo rate, at which it lends to banks, by 25 basis points to 7.5 per cent.
Insurers feel insurance marketing firms, introduced by the regulator as a new distribution channel, would help boost cross-selling and increase penetration, especially in smaller cities and towns.
While the government may have moved a step closer to launching real estate investment trusts, or Reits, by giving certain exemptions in the Union Budget, developers and tax experts believe some glitches are still there.