Micron gains on strong forecast buoyed by data center demand
Shares of Micron Technology Inc. gained about 6% in premarket trading Thursday after the largest US maker of memory semiconductors gave a strong revenue forecast, indicating that data center demand is compensating for a slowly recovering market for personal computers…
IL&FS puts two arms on the block to boost recoveries
IL&FS group has put its two subsidiaries, IL&FS Investment Managers Limited (IIML) and IL&FS Securities Services (ISSL), on the block. The debt-laden group is looking to sell its entire 50.42% stake in IIML, a private equity fund management firm having…
Federal Reserve’s favoured inflation gauge tumbles in November as price pressures continue to ease
The Federal Reserve’s preferred measure of inflation fell last month in another sign that price pressures easing in the face of the central bank’s interest rate hikes. Friday’s report from the Commerce Department showed that US consumer prices slid 0.1…
BEL bags orders worth Rs 2759.15 crore
Bharat Electronics Limited (BEL) on Friday announced that it has received orders worth Rs 2,673 crore from Goa Shipyard Limited (Value: Rs 1701 crore) and Garden Reach Shipbuilders & Engineers (Value: Rs 972 crore) for supply of 14 types of…
Rupee trades in narrow range against US dollar
The rupee was trading in a narrow range against the US dollar in early trade on Wednesday, amid a muted trend in domestic equities. Forex traders said the rupee was trading in a narrow range as sustained foreign fund outflows…
Lower edible oil import duty to stay till March 31, 2025
The government on Friday extended the lower import duty structure for palm, soyabean and sunflower oils by a year till March 31, 2025, which the industry says may adversely impact processing and prices of domestic oilseeds. Currently, crude palm, soyabean…
Worldcoin pauses iris scanning in India
Worldcoin is expected to have “temporarily scaled back” its offline orb verification function for users in India. It is believed that the service will be reinstated in 2024, after initial previews, stated Cointelegraph. With insights from a report by Moneycontrol,…
Embarking on a new era: India’s exciting space journey in 2024 with FDI and Space Activity Bill
In the year of 2023, India achieved remarkable heights by successfully launching Chandrayaan-3 and Aditya-L1, its inaugural solar mission. These triumphs not only solidified India’s position in the global space economy but also set the stage for a flourishing private…
INDIA bloc protest: Rahul Gandhi blames ‘unemployment’ under Modi govt for Parliament security breach
Leaders of the Opposition-led Indian National Developmental Inclusive Alliance (INDIA) bloc hit the streets on Friday to protest against the suspension of a whopping 146 MPs from Parliament in an “undemocratic manner” during the Winter Session which ended on December…
Will Nifty continue to trade above 19000 or fall in trade? See GIFT Nifty, FII data, crude, more before market opens
GIFT Nifty traded up 68 points or 0.36% at 19,096, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Friday, the NSE Nifty 50 soared 190 points or 1.01% to settle at…
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