ADP and GMR Airports Infrastructure own 49% and 51%, respectively, of the unlisted GMR Airports Ltd., according to a statement Sunday from the French company, which operates Paris’s Charles de Gaulle and Orly.
The employment increase was better than analysts had forecast, and saw firms of all sizes add positions, with the bulk of the growth in the services sector, including leisure and hospitality businesses that were badly hit by the pandemic restrictions.
GMR Infrastructure is reportedly in the final stages of signing a deal with Paris-based ADP for selling about 40 percent stake in Delhi airport to raise roughly Rs 4,000 crore.
Geoff Lewis, Global Strategist, Capital Markets Group, Manulife Asset Management although surprised at the ADP jobs data in the US says it does confirm that the economy is on an improving track and makes a strong case for Fed rate hike next week.
Spot gold eased 0.2 percent to USD 1,112.06 an ounce by 0653 GMT, after earlier dropping to USD 1,111.45, its lowest since Sept. 16.
American companies added 215,000 jobs for the month, while the unemployment rate remained at 5.3 percent, the department said. The labor force participation rate also remained flat at 62.6, its lowest level since 1977.
Spot gold had eased 0.2 percent to USD 1,255.24 an ounce by 0323 GMT. Gold rose nearly USD 20 an ounce on Wednesday after a weak US jobs report but pared most of the gains on other strong numbers.
According to M Cary Leahey, the Federal Reserve is likely to pullback monetary stimulus as long as the US jobs data improves.
HSBC's Dominic Bunning finds it difficult to be positive on the Indian currency in the near term. He believes if markets are a bit positive on general risk assets then rupee can look a little more attractive given its high yield.
There are more than a few apps on Googles Play Store that help users have an ad-free web browsing and gaming experience. But it seems Google isnt
The Automatic Data Processing Inc. (ADP) released its employment change data for the month of November which excludes farming industry and government
Mecklai graph of the day: Soaring unemployment claims. The number of Americans filing unemployment claims last week rose to 386,000 compared to its previous reading of380, 000.
Mecklai graph of the day - The ADP (Automatic Data Processing Inc) released its private payrolls change report on Wednesday, which measures the estimated change in the number of employed people in the US excluding the farming industry and government.