BUSINESS
Indian Factory Growth Hits an 8-Month Low in October, Notes S&P Global
The Manufacturing Purchasing Managers' Index (PMI) dropped to 55.5 in October, down from 57.5 in September.
Rupee Encounters Strong Headwinds
Market analysts have noted that while the Reserve Bank of India (RBI) has been successful in maintaining the stability of the rupee by releasing US dollars from its reserves, this cannot be sustained indefinitely.
Commercial LPG Cylinder Prices Rise by More Than Rs 100, Marking Second Monthly Increase
According to the latest adjustments, the price of a 19 kg commercial LPG cylinder in Delhi has risen to Rs 1,833, up from the previous Rs 1,731. This recent hike follows a Rs 209 increase per cylinder on October 1.
US Bond Yield Spikes Outweigh Israel-Hamas Conflict in Equity Market Influence
It's worth noting that the global equity markets are currently more affected by the increase in US bond yields than by the Israel-Hamas conflict, according to him.
US Bond Yield Spikes Outweigh Israel-Hamas Conflict in Equity Market Influence
It's worth noting that the global equity markets are currently more affected by the increase in US bond yields than by the Israel-Hamas conflict, according to him.
WeWork Gearing Up for Bankruptcy Filing as Stock Continues to Plummet
Sources cited in a Wall Street Journal report claim that WeWork is making preparations for a chapter 11 bankruptcy filing in the state of New Jersey.
RBI Survey Reveals Automobile Sector at the Forefront of India's Foreign Technical Collaborations
During the fiscal year 2022-2023, the motor vehicles sector recorded remarkable production growth, reaching 28.4%, surpassing the 24.3% growth registered by all FTC companies collectively.
Zydus Lifesciences acquires UK LiqMeds Group for 68 mn pounds
In a regulatory filing, Zydus Lifesciences said the acquisition will be by its UK subsidiary Zydus Pharmaceuticals UK Ltd.
Sitharaman meets US-India strategic partnership forum delegation, discusses investment climate
"Union Finance Minister Smt. @nsitharaman met with a delegation led by Mr. @JohnTChambers, Chairman, US-India Strategic Partnership Forum @USISPForum, comprising of business leaders and senior executives, in New Delhi, today.
Nifty declined by 2.8% in October
Going forward, US Fed policy outcome, which is due on Wednesday, would provide cues to the market.
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