Latest business news
MUMBAI (Reuters) -The Indian rupee is likely to open higher on Thursday, supported by the strength in Asian peers, with investors shying away from the dollar due to U.S. fiscal concerns. The 1-month non-deliverable forward indicated a open in the 85.55 to 85.58 range, versus 85.6375 in the previous session. The offshore Chinese yuan rose…
Foreign Institutional Investors (FIIs) have been net buyers for about 19 sessions, pouring in 46,003.66 crore into the Indian stock market recently. In the context of the US-China trade agreement, investors are analyzing whether foreign institutional investments in India will remain stable in the near future. On Monday, the US and China reached an unexpected…
Consumption-focused companies drove a significant share of revenue growth for India Inc. in the March quarter (Q4), the final leg of fiscal year 2024-25, even as profit growth lagged. In contrast, non-consumption sectors turned in more robust bottomlines, pointing to a shifting dynamic in corporate performance. This divergence—where consumption-led firms maintained sales momentum but ceded…