Business

Indian corporates with inadequate foreign-exchange hedging could face rating pressure if the rupee weakens sharply, global credit rating agency Fitch Ratings cautioned in a new commentary released on Thursday. The agency said that companies in sectors with limited natural hedges remain the most vulnerable to currency swings, ANI reported.Fitch noted that “in sectors with significant…

Rupee versus dollar (AI image) 👉 Visit the Official SleepLean Website The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The…

Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…

MCX Gold prices are showing a firm bullish undertone, and the current market structure suggests the potential for further upside. (AI image) Gold and silver price prediction today: Gold and silver are exhibiting signs of bullish breakout, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold…

US President Donald Trump on Wednesday (local time) launched the “Trump Gold Card,” offering legal status and an eventual pathway to United States citizenship for individuals and corporations willing to make large financial contributions.Announcing the rollout on Truth Social, Trump wrote, “The United States Government’s Trump Gold Card is here today! A direct path to…

Asian markets traded higher on Thursday after the US Federal Reserve delivered its third consecutive interest rate cut, although gains were capped as policymakers hinted they could slow the pace of future reductions.The latest quarter-point cut, bringing borrowing costs to their lowest level in three years, had already been widely expected. Investors, however, drew comfort…

Market watchers anticipate that trading will be influenced by global factors, particularly the US Federal Reserve’s monetary policy decisions. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Thursday. While Nifty50 was near 25,750, BSE Sensex was close to 84,350. At 9:18 AM, Nifty50 was…

Most experts believe that a rate cut by the US Federal Reserve is a positive signal for the Indian markets. (AI image) The US Federal Reserve cut the benchmark rate by 25 basis points in the latest monetary policy review. A split US Federal Reserve announced its third successive interest rate cut of the year,…

The US Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with gaps in economic data caused by the recent govt shutdown and work through competing views about the risks facing the economy. The anticipated quarter percentage point cut may come with a non-committal approach to next year’s rate path given…

BENGALURU: TCS signed a definitive agreement to acquire US-based Salesforce consulting firm Coastal Cloud in an all-cash deal valued at $700 million. Founded in 2012, Coastal Cloud brings AI-led advisory and business consulting capabilities to help clients reimagine sales, service, marketing, revenue, and commerce. With the acquisitions of ListEngage and now Coastal Cloud, TCS said…