MUMBAI: Rupee is poised to open higher on Thursday, after largely in-line US inflation data made it more likely the US Federal Reserve will not raise rates at its next meeting. Non-deliverable forwards indicate rupee will open at around 81.94 to the US dollar compared with 81.9850 in the previous session. Asian peers were mostly […]
Rupee May Nudge Higher After Data Indicates Fed May Pause Rate Hikes Read More »
MUMBAI: Less than four months after allegations of fraud by a short seller tipped his business empire into crisis, billionaire Gautam Adani is considering tapping equity markets in a major test of investor confidence.Adani Enterprises Ltd, the Indian tycoon’s flagship, said in a statement on Wednesday it’s holding a May 13 board meeting to consider
Adani: Adani Enterprises to weigh stock sale months after Hindenburg turmoil Read More »
NEW YORK: The Nasdaq ended Wednesday at its highest intraday level in more than eight months, boosted by a slightly lower-than-expected increase in April inflation and Alphabet Inc’s latest artificial intelligence rollout.The Labor Department’s Consumer Price Index (CPI) rose 4.9% in April from a year ago, compared with expectations of a 5% increase, raising hopes
Nasdaq: US stocks: Nasdaq rallies as investors cheer inflation data, Alphabet Read More »
NEW DELHI: Cisco plans to go big on India with chairman & CEO Chuck Robbins apprising Prime Minister Narendra Modi about the investments lined up to kickstart manufacturing of telecom equipment in the country. The move comes at a time when mobile operators are expanding 5G networks while activities around Digital India and electronics manufacturing
India has growth opportunity: Cisco Read More »
