Business

India’s services sector regained momentum in November as firms reported a quicker rise in new business and only mild price pressures, helping the industry rebound after losing pace in October, according to PTI. The latest HSBC India Services PMI survey showed a broad improvement in operating conditions, supported by stronger domestic demand.The seasonally adjusted HSBC…

On Wednesday, the rupee reached a historic low of 90.30 against the US dollar during intra-day trading. (AI image) Rupee has breached the 90 mark versus the US dollar for the first time ever, but the currency’s depreciation is not troubling the government. Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the government…

Gold prices surged on Wednesday, extending their upward momentum in both domestic and international markets, as a weak rupee and expectations of monetary easing in the United States boosted investor appetite for bullion. The sharp depreciation of rupee, which slipped to an all-time low against the US dollar, played a key role in lifting local…

The rupee’s fall past 90 is more than a number-it’s a marker of a new phase in India’s economic story. (AI image) Driving the newsOn Wednesday, the Indian rupee broke a historic barrier, falling below Rs 90 to the US dollar for the first time. Though the drop from Tuesday’s 89.94 may seem minor, the…

Online shopping platform Meesho is set to open for subscription on Wednesday, attracting investors with a solid grey market premium. The excitement has been fuelled by positive commentary from analysts.The company is targeting proceeds of Rs 5,421 crore from the IPO, which will remain open until 5 December. The price band has been set between…

Analysts believe that In the near term, major resistance for the Nifty is placed at 26,325. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Wednesday on weak global cues. While Nifty50 was above 26,000, BSE Sensex was near 85,100. At 9:16 AM, Nifty50 was…

Premiumisation push to help co target faster growth in India, says India chief executive NEW DELHI: India has emerged as the biggest volume-grosser for French spirits giant Pernod Ricard, led by strong sales of local whisky brands, such as Royal Stag, Blenders Pride and 100 Pipers, as well as its premium portfolio of products like…

HSBC has a buy on Dr Reddys Labs with the target price at Rs 1,430. Analysts said that the semaglutide opportunity is intact for Dr Reddy’s in Canada, and it has replied to Health Canada’s queries on its application. GLP-1 drugs class remains the company’s focus segment and it is making progress in long-term drivers…

Rupee on Tuesday tumbled 42 paise to close at an all-time low of 89.95 against the US dollar, extending its depreciation streak and edging closer to the crucial 90-per-dollar mark.So far, the rupee has depreciated by over 4% this year, falling 0.8% in November alone.This slump was mainly driven by speculators covering their short positions…

A steadier mood returned to US equities on Tuesday as easing Treasury yields and a rebound in bitcoin helped major indices regain traction after ending a six-day winning streak, according to AP. Investors leaned back into technology counters while weighing signals on global interest rates and the broader health of the economy.The S&P 500 was…