BUSINESS
Solar cushion helps India’s green energy firms to offset wind shortfall: Moody’s
Rated issuers have adequate financial headroom in their credit metrics to absorb the moderate project underperformance, the report states.
Nirmala Sitharaman calls for inter-governmental cooperation to prevent smuggling
"It is important for all governments to know how to deter smuggling and activities which are endangering our wild fauna and flora. Deterrence is what is going to help, and in which we are at an advantage as enforcement agencies because of the advantage of technology," she said while addressing the Global Conference on Cooperation in Enforcement Matters organised by the Directorate of Revenue Intelligence.
Thieves steal $100K worth of items from Apple store in US: Report
On October 24 morning, five suspects entered the Apple Store located on Burlingame Avenue, California and stole a number of undisclosed Apple items, reports Kron4. As per the Burlingame Police Department, the five suspects fled in a grey BMW X5 SUV with no license plate after stealing the products.
Reliance Industries leads Sensex gains
The other major factor impacting the markets -- the elevated US bond yields -- also will remain a short term concern since the Fed is likely to continue its hawkish stance in the light of the resilience of the US economy and inflation (3.7 per cent) remaining above the Fed’s target. So watch out for the Fed’s message on November 1 even while it holds the rate as the market expects, he said.
Ola, Porter, Uber & Dunzo worst digital platforms for gig workers: Report
While Ola and tech-enabled logistics company Porter scored zero on a scale of 1-10, Uber and Dunzo received only one point, according to the 'Fairwork India 2023' report, spearheaded by the Centre for IT and Public Policy (CITAPP) at International Institute of Information Technology Bangalore (IIIT-B), in association with Oxford University.
Short term support, but stability still some time away
BSESENSEX lost on three of the four trading sessions and gained on just Friday. BSESENSEX lost 1,614.82 points or 2.47 per cent to close at 63,782.80 points while NIFTY lost 495.40 points or 2.53 per cent to close at 19,047.25 points.
Market sentiment remains cautious amid West Asia crisis
FIIs selling is affecting the domestic market invariably to heavy buying by DIIs. Domestic indices have displayed some recovery in the last trading day of the week, due to favourable US Q3 GDP growth and moderating US inflation leading to moderation in bond yield.
Investors feel nervous over US Fed's Nov 1 statement on bond issuance
Come November 1 this year, the US Treasury department will update its quarterly update on its bond issuance plans for the next three months. Investors are concerned about upward revisions about the bond market's appetite for additional Treasury Bonds, sending their yields higher but leading to a historic collapse on the price tag of the bonds, media reports said.
Govt notifies minimum export price of $800 per metric tonne on onion
The measure has been taken to maintain sufficient availability of onion to domestic consumers at affordable prices as the quantity of stored Rabi 2023 onion is declining by curbing the quantity of onion exports.
Gold prices soar ahead of festive, wedding season
The sharp increase in the price of the yellow metal comes ahead of the auspicious Dhanteras occasion for buying gold on November 10, as well as the approaching festive and wedding season when the demand for jewellery shoots up.
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