Following the lackluster performance seen in the previous session, stocks may move to the upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent. Early buying interest may be generated in reaction to a report from payroll processor ADP showing private […]

Even if no statistical jugglery is afoot, only to warn that the ‘noise’ in the numbers should be eliminated in order to hear the underlying music, without distortion, warns T N Ninan. India’s latest GDP (gross domestic product) numbers flatter, though they don’t deceive — because the underlying story is a good one. The flow of quarterly GDP numbers should […]

The Reserve Bank of Australia left its cash rate unchanged at a 12-year high in the final meeting of the year as the impact of the more recent rate hikes continue to flow through the economy. The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.35 percent. The RBA board also […]

The Federal Aviation Administration (FAA) is proposing a new rule to increase the cockpit voice-recording requirement substantially for all newly manufactured aircraft in the United States. While current FAA regulations require cockpit voice recorders (CVRs) to retain only two hours of data, the proposed rule will require extending cockpit voice-recording to 25 hours. When implemented, the new rule would align […]

74 of these fatalities were reported by 8 companies: Coal India (21), L&T (14), Vedanta (13, of which Hindustan Zinc reported 7), Tata Steel (7), Power Grid Corporation of India (7), JSW Steel (6), and ONGC (6). More than 100 lives were lost at some of India’s top companies in industrial accidents in 2022-2023, regulatory disclosures show. The number was […]

After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading session on Friday. The Dow has risen to its best intraday level since early 2022, while the S&P 500 has reached a new four-month intraday high. The major averages have seen further upside in recent trading, reaching new highs for the session. […]

Indian conglomerate Tata Group is planning to construct a new assembly plant for Apple Inc.’s iPhones in India, Blommberg reported. The move is said to be inline with the tech major’s strategy to expand its manufacturing activities beyond China, to India, which is one of its largest emerging market. The new plant, deemed to be one of India’s largest iPhone […]

Israel has resumed combat operations targeting Hamas in Gaza after seven days of truce expired without renewal. Reports say that even as Egyptian and Qatari mediators are continuing efforts to reach an agreement between the two sides to extend the truce, explosions and gunfire are taking place in the Palestinian enclave. US Secretary of State Antony Blinken said that in […]

‘MNCs now recognise India’s capacity for innovation and its pivotal role in substantive contributions to global product development.’ Indian global capability centres (GCCs) are increasingly emerging as a hub for leaders with global roles. Today, several leaders from Indian GCCs handle strategic global functions, reporting directly to the C-suite at headquarters, as opposed to the earlier days when India was […]

The major U.S. stock indexes have moved in starkly opposite directions during trading on Thursday. While the Dow has moved notably higher, reaching its highest levels in well over a year, the tech-heavy Nasdaq has slid firmly into negative territory. Currently, the Dow is just off its highs of the session, up 272.58 points or 0.8 percent at 35,703.00. Meanwhile, […]