Sugar prices are hovering near six-year highs, leaving a bad taste in Indian consumers’ palates but sweetening the portfolios of investors in related stocks at Dalal Street. Shares of sugar manufacturers such as Piccadily Agro, DCM Shriram, Magadh Sugar, and Bajaj Hindustan have rallied up to a whopping 200 per cent so far in the financial year 2024 (FY24) as […]

‘Building a whole product with the railways was challenging; we had to figure out how to load and unload a train when it stops for only about five minutes at a station.’‘We also helped them understand the revenues this would generate for them.’ Akhil Saxena, Vice President of Operations for APAC, MENA and LATAM, and Worldwide Customer Service Head at […]

European stocks may open on a steady note Friday, with trading later in the day likely to be impacted by reaction to the release of monthly U.S. jobs report. The U.S. jobs report as well as next week’s inflation data may provide additional clues as to the path forward for Federal Reserve interest rates. U.S. employment is expected to climb […]

After an early move to the downside, stocks are seeing continued weakness in afternoon trading on Thursday. With the downward move, the major averages have partly offset the rebound seen in the previous session. Currently, the major averages are off their lows of the session but still in negative territory. The Nasdaq is down 64.82 points or 0.5 percent at […]

Germany’s exports declined more than expected in August highlighting the risk of the economy slipping into a recession in the second half of the year. Exports decreased 1.2 percent on a monthly basis in August, slower than the 1.9 percent drop in July, Destatis reported Thursday. But the fall was bigger than economists’ forecast of 0.4 percent decrease. At the […]

After turning in a lackluster performance early in the session, stocks moved mostly higher over the course of the trading day on Wednesday. The major averages all moved to the upside on the day, bouncing off their lowest closing levels in four months. The major averages all finished the day firmly positive, with the tech-heavy Nasdaq leading the way higher. […]

The brainchild of founders Lionel Benjamin, an experienced hotelier, and entrepreneurial investor Vivian Watts, AGO’s hybrid profit lease currently has 15 properties in its fold catering to the comfortable and affordable budget market.   Guests range from staycationers wanting to be near tourist hotspots or visiting friends to those travelling for work throughout the week. The average room rate is […]

The UK service sector contracted the most since January largely due to subdued demand and cutbacks to non-essential spending among clients, final survey results published by S&P Global revealed on Wednesday. The Chartered Institute of Procurement & Supply final services Purchasing Managers’ Index posted 49.3 in September, down from 49.5 in August. The score remained below the neutral 50.0 threshold […]

Debt management is going to be a worry for the Vedanta group until FY25 at least. However, the restructuring of business divisions in Vedanta India could lead to an unlocking of values. The group structure is fairly complex. Anil Agarwal-led Vedanta Resources (VRL), which is London-listed, has a lot of debt on the balance sheet. It will have to repay […]

The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight. India’s automated teller machine (ATM) network may soon see an upgrade as it introduces a new feature to existing ATMs, allowing them to dispense cash through Unified Payments Interface (UPI)-based quick response (QR) codes. In September, the National Payments Corporation […]