9 TO 10 BILLION DOLLAR INDUSTRY
Markets on alert for Biden exit as Trump-win trades mount
Portfolio recalibration began at the end of last week after Biden's contentious debate with Trump sparked concerns about the 81-year-old Democrat's suitability for another term.
Investors pour $27.1 billion into AI startups, defying a downturn
Investors poured $27.1 billion into AI startups in the United States from April to June, accounting for nearly half of all U.S. startup funding in that period, according to PitchBook, which tracks startups. In total, U.S. startups raised $56 billion, up 57% from a year earlier and the highest three-month haul in two years.
Dollar on the defensive amid lower yields, yen hovers near 38-year trough
The dollar weakens after Powell's dovish U.S. bond yield comments, amid potential Japanese intervention during U.S. holiday. Concerns over Biden presidency and easing long-term Treasury yields persist, as local inflation remains steady and the Australian dollar sees a rise.
Yen hits 38-year low, Nikkei surges as Trump risk buoys US yields
In a sensational turn of events, the U.S. dollar skyrockets to a 38-year high against the yen amidst speculation of a Trump comeback. The Nikkei soars past 40,000, while oil prices surge at the beginning of the summer driving season. Sterling and the Chinese yuan weaken, with all eyes on the Federal Reserve and upcoming job data.
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Dollar nears 38-year high to yen amid Trump re-election speculations, Biden's debate influence expected, ECB event in focus.
Indian Pharma exports: 'USD 10 billion opportunity up for grabs in off patent drug market by 2029'
A senior official of the Pharmexcil said drugs such as Merck's Pembrolizumab (Keytruda) whose revenue were at USD 25 billion and Bristol-Myers Squibb's Eliquis (Apixaban)-USD 12 billion, among others would be off-patented in the next few years.
- Go To Page 1
Rupee ends higher, lifted by bond inflows; oil firms' dollar bids cap gains
The Indian rupee closed higher at record levels despite dollar demand, reflecting resilience amidst regional pressures. Anticipation of dollar inflows related to JPMorgan's index inclusion boosted the currency.
Battered yen pinned near multi-decade low amid resilient dollar
U.S. Treasury yields drive market dynamics as the yen weakens, impacting global currencies. Analysts await U.S. PCE data for potential Japanese intervention, while political uncertainties in Europe add to market volatility. Higher U.S. yields influence bond markets globally, affecting currencies like Sterling and Antipodean currencies against a strong dollar.
Dollar hits 38-year high vs yen; stocks mixed
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, gained 0.31% at 106.00, with the euro down 0.25% at $1.0686.
$100 billion m-cap: ICICI Bank 6th Indian company to join the league
The other five companies that have reached the $100 billion market capitalisation milestone are Reliance Industries, Tata Consultancy Services, HDFC Bank, Bharti Airtel, and Infosys. Notably, Infosys reached this milestone in January 2022 but could not maintain that level for long.
Vedanta mulls 1st dollar bond sale of $500 million
The bond sale could climb to $1 billion depending on the response from investors, according to one of the people. The company is also exploring other avenues of fundraising, including equity sales and local currency loans from domestic banks, the people said.
China's yuan steady near 7-month lows as traders eye yen and data
China's yuan weakens against the dollar as foreign investors avoid the stock market. Analysts suspect currency manipulation by Beijing to maintain stability and competitiveness.
Copper slides as China factory output data disappoints
Copper prices fell on Monday due to weaker-than-expected industrial output in China and a stronger U.S. dollar. Three-month copper on the London Metal Exchange dropped 1.1% to $9,637 per metric ton, while the most-traded July copper contract on the Shanghai Futures Exchange slid 2% to 78,110 yuan.
Adani Group’s concrete plan: $3 billion buyouts in cement space
It is keeping aside a war chest of $3 billion for these acquisitions, these people said. The group is aggressively pursuing an inorganic strategy to boost capacity and emerge as the largest cement manufacturer within the next three to four years, overtaking the Aditya Birla Group’s UltraTech.
Cognizant to acquire Belcan for $1.3 billion
The deal would expand Teaneck, New Jersey-based Cognizant's footprint in the aerospace, defense, space and automotive sectors. Cincinnati-based Belcan, which has been owned by private equity firm AE Industrial Partners since 2015, employs 10,000 people across 60 locations globally. Some of its clients include Boeing, General Motors, Rolls-Royce, the U.S. space agency NASA and the U.S. Navy.
FOMC, FII action among 10 factors to dictate D-Street mood this week
The Nifty index closed the week with a 3.6% increase amidst two significant occurrences: the highly anticipated election results and the monetary policy decision by the Reserve Bank of India (RBI). As trading resumes on Monday, a range of significant domestic and international events scheduled throughout the holiday-shortened week are expected to influence market movements.
Domestic air passenger traffic grows 5.1 pc to about 138.9 mn in May: ICRA
In May, domestic air passenger traffic grew 5.1% YoY to 138.9 million, 14% higher than pre-Covid levels, as per Icra. The Indian aviation industry outlook is stable with a continued recovery in passenger traffic and stable cost environment, expecting the trend to continue in FY2025.
FDI inflows into India fall 3.5 pc to $44 billion in FY24
Foreign direct investment (FDI) equity inflows in India fell 3.49% to USD 44.42 billion in 2023-24 due to lower investments in key sectors like services, telecom, and pharma. Total FDI, including reinvested earnings, declined marginally to USD 70.95 billion. However, inflows rose by 33.4% in January-March FY24.
Nasdaq closes above 17,000; S&P 500 slightly higher, Dow down
Nasdaq crossed 17,000 for the first time boosted by Nvidia, while S&P 500 closed higher and Dow lower as Treasury yields rose.
Malaysia targets over $100 billion in semiconductor industry investment
Malaysia aims for $107 billion investment in its semiconductor industry, led by Prime Minister Anwar Ibrahim, targeting design, packaging, and manufacturing. The country is a key player globally, attracting major investments from firms like Intel and Infineon.
ChrysCapital sets sights on pharma buyout deals
ChrysCapital, led by MD Kshitij Sheth, aims to acquire Indian companies in the formulation business with potential valuations of $200 million-$500 million, focusing on growth and eventual public listings.
GIFT Nifty down 10 points; here's the trading setup for today's session
"We expect the market to witness a gradual up-move and see some volatility next week as both election and earning season are nearing the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
India's forex reserves rise to an all time high for week ending on May 17; up by $4.54 bn to $648.7 bn
India's forex reserves reached an all-time high of $648.7 billion as of May 17, according to the Reserve Bank of India. This follows a surge of $2.56 billion in the previous week. Foreign currency assets (FCAs) also increased by $3.361 billion to $569.01 billion. Gold reserves increased by $1.24 billion to $57.19 billion, while SDRs rose by $113 million to $18.16 billion.
Ahead of Market: 10 things that will decide D-Street action on Friday
Financial stocks powered up Indian blue-chip indices on Thursday, taking them to all-time highs. Short-term moving averages are expected to support the indices on any decline. Nifty formed a long bull candle on the daily chart. The MACD showed bearish signs on the counters of Vadilal Industries, Bharat Rasayan, Godrej Properties, Maithan Alloys, Mrs Bectors Food Specialities, Astral, and Ajanta Pharma.
10 Best Dell Monitors in India for exceptional quality and innovative features
Dell monitors stand out for their exceptional quality and innovative features. Renowned for their crystal-clear displays and sleek designs, Dell offers a diverse range of monitors to suit every need, from gaming and multimedia to professional tasks like graphic design and programming. With cutting-edge technologies such as IPS panels, high refresh rates, and HDR support, Dell monitors deliver immersive viewing experiences with vibrant colors and sharp details. Whether you're a creative professional seeking color accuracy or a gamer craving fluid gameplay, Dell monitors excel in providing superior performance and reliability, making them a top choice for users worldwide.
Indian space industry offers tremendous opportunity for private players, says ISRO Chief
ISRO Chairman S Somanath highlights the vast potential for growth and development in the Indian space industry, estimating a $9-10 billion industry within 5-10 years. He praises the collaboration between ISRO and private sector companies like SFO Technologies, emphasizing their role in advancing space technology and environmental sustainability initiatives.
Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion
India's auto market aims for a USD 300 billion milestone by 2026, backed by rising income levels and urbanization. The industry showcases robust production figures and significant FDI inflow, positioning itself as a global automotive hub with a promising future.
India's pharma exports rise 10% to USD 27.9 bn in FY24
India's pharmaceutical exports surge 9.67% to USD 27.9 billion in 2023-24, despite a 3% dip in total exports. March sees a 12.73% rise to USD 2.8 billion. US remains the top market, comprising over 31% of exports, followed by the UK and the Netherlands. Growing market opportunities expected to drive further growth.
Bitcoin 'halving' could deal a $10-billion blow to crypto miners
Around April 20, the halving will cut the amount of Bitcoin that "miners" can earn each day for validating transactions to 450 from 900 now. Based on Bitcoin's current price, it could spell revenue losses of around $10 billion a year for the industry as a whole.
Load More
