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Friday, October 4, 2024
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Economy

Dollar down and oil slips as Fed readies rate cuts

By Tom Westbrook SINGAPORE (Reuters) -Oil fell for a fifth day in a row on demand jitters on Thursday, stocks were subdued in Asia, and the dollar hovered near one-year lows as Federal Reserve minutes

Gold retreats on stronger dollar; US jobs data, Powell speech in focus

By Daksh Grover (Reuters) - Gold prices fell on Thursday as the U.S. dollar ticked up, while traders took positions ahead of U.S. jobs data and comments from the Federal Reserve chief that could offer

India’s composite PMI output Index for August 2024 stands at 60.5, a little lower than 60.7 in July

New Delhi , August 22 (ANI): India's private sector demonstrated strong output across India for the 37th consecutive month in August, highlighting the latest...

Roadmap to profitability laid out, electric car off the table: Ola Electric CMD Bhavish Aggarwal

New Delhi, Aug 22 (PTI) Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply...

Oil prices slip for fifth session as demand worries pressure sentiment

By Katya Golubkova and Trixie Yap (Reuters) -Oil prices fell for a fifth session on Thursday as global demand concerns exerted pressure on the market despite a decline in U.S. fuel inventories. Brent

Fed minutes indicate rate cut likely in September

New Delhi , August 22 (ANI): The majority of the Fed members, in the latest monetary policy meeting, indicated a policy rate cut in...

Nifty, Sensex open higher; Analysts predict new all-time high next week

Mumbai (Maharashtra) , August 22 (ANI): Indian stock markets experienced a surge on Thursday during the opening session, following a flat performance the previous...

Major Indian multinational to establish operations in Tamil Nadu, announces Industries Minister T.R.B. Rajaa

Chennai (Tamil Nadu) , August 22 (ANI): A big economic announcement is expected in Tamil Nadu on Thursday, as the state's Minister of Industries,...

TRAI recommends launch of THEA to boost 6G and next-gen wireless technologies in India

New Delhi , August 22 (ANI): The Telecom Regulatory Authority of India (TRAI) has urged the government to launch the Tera Hertz Experimental Authorisation...

Gold retreats from record highs as traders assess Fed rate outlook

By Daksh Grover (Reuters) - Gold prices fell on Thursday, retreating from all-time highs hit earlier this week, as the U.S. dollar ticked up ahead of U.S. jobs data and the Federal Reserve chief's

On Camera

Gaza, Ukraine being fought on techno-battlefields. Indian military is 3 decades behind

My assessment is that the Indian armed forces are adopting emerging technologies for incremental change and not transformation—which is the need of the hour.

Even as SEBI lays down new curbs on F&O market, discount brokerages are changing business models

SEBI Tuesday unveiled rules to curtail retail participation in derivatives market. Options premia to be collected upfront from options buyer effective 1 Feb 2025.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?