Dollars

The U.S. dollar strengthened on Thursday, bouncing back from an earlier drop after the Federal Reserve implemented a larger-than-expected half-percentage-point rate cut.

Stocks get tech sparkle; dollar steadies as investors assess rate outlook

The dollar was holding around its highest in three months, buoyed by the fact that investors are banking on far fewer rate cuts this year than they were just weeks ago.

Dollar pares gains on soft US inflation data

Dollar index trims gains on unexpected U.S. producer price fall, sparking rate cut expectations. Safety buying persists amid U.S.-British strikes in Yemen.

The Reality Of '1 Crore Salary Packages' | Purchasing Power Parity Explained

Whenever we hear someone talking about their salary packages abroad, we start making currency conversions and calculations. But what we forget is the actual purchasing power of it! Watch this video where we explain how the purchasing power parity works.

US dollar gains as rate cuts doubts surface

The U.S. economy grew faster than expected in the second quarter as labor market resilience underpinned consumer spending, while businesses boosted investment in equipment, potentially keeping a recession at bay.

Dollar steadies after biggest weekly loss this year

This week is likely to see the dollar consolidate as investors wait on the Federal Reserve's meeting next week when the U.S. central bank is expected to hike rates by an additional 25 basis points.

Forex reserves rise by USD 1.85 billion to USD 595.05 billion

In October 2021, the country’s forex reserve reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

DBS, three other finance bodies fined 3.8 million Singaporean dollars for money laundering: Report

Of the four entities, DBS was fined 2.6 million Singaporean dollars for breaches between July 2015 to February 2020 relating to accounts maintained by 11 corporate customers.

India's exports dips marginally to $35.24 billion in July

The imports in July went up to $66.26 billion from $46.15 billion in the corresponding month last fiscal.

ConsCent raises $1.75 million in funding round led by Inflection Point Ventures

Early stage funds Varanium Capital, RiSo Capital, SucSEED Innovation Fund, Sigurd Ventures, AngelList, PitchRight Ventures, and angels like Quess Corp’s Vijay Sivaram, former Rivigo Co-founder Gazal Kalra etc also participated in the round.

Dollar rally stalls as risk appetite returns

Upbeat earnings views from Home Depot and United Airlines along with optimism around the easing of China's crackdown on tech and COVID-19, helped to lift risk sentiment.

MNC investment dollars flow to states that offer best soft infrastructure

Karnataka and Tamil Nadu’s predominance in IT-related businesses stems from how tech-ready the residents are.

Commodities@Moneycontrol: Roundup of key happenings in the market

Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.

Commodities@Moneycontrol: US shale output set to surge over next 5 years

The rally in oil prices could well continue until late Tuesday.

Commodities@Moneycontrol: Rupee nears 3-month low as crude rises, FIIs continue selling

Experts believe this could be because of a disappointment with the budget and more recently, the Rs 11,400 crore Punjab National Bank fraud that came to light last week.

IFC invests Rs 130 crore in Aavas Financiers

This investment of Rs 130 crore is in line with IFC's strategy to increase access to affordable housing finance to promote inclusive growth and the mission for housing for all by 2022, the company said in a statement.

K2 Global to invest more in Paytm, Saavn

Start-up investment firm K2 Global, backed by Indian and Asian billionaires, is looking to increase its stake in online mobile applications Paytm and Saavn, which are among start-ups with strong growth market strategies in India.

India mulls local steel requirement for $59 bn infra spend

The government expects the move to boost sales of local companies such as JSW Steel and Tata Steel , and eventually attract global steelmakers such as ArcelorMittal and POSCO to invest in the country, five steel ministry sources told Reuters.

Rupee rises for 2nd day, up 8 paise to 68.07

The rupee extended its gains against the American currency for the second straight day, firming up by another 8 paise to close at 68.07 on selling of dollars by banks and exporters amid lower greenback overseas.

AirAsia denies role in Rolls-Royce corruption scandal

After its largest ever graft probe, Britain's Serious Fraud Office (SFO) found Rolls-Royce paid massive bribes over three decades to win contracts in Indonesia, Thailand, India, Russia, Nigeria, China and Malaysia.

Bain, Permira interested as Toshiba flags chip biz stake sale

The sale is aimed at helping the industrial conglomerate deal with an upcoming writedown for its US nuclear business - a charge that local media have said could come in at a bigger-than expected USD6 billion.

'Digital transformation can save trillions of dollars in cost'

"More than half of the value that digitalisation offers is in the form of societal benefits. These include net job creation and reduced income inequality, improved health outcomes and fewer accidents, reduced carbon emissions and time and cost savings for consumers," it said.

HSBC funding Indonesian forest destruction: Greenpeace

The environmental group said the British bank had broken its own guidelines which ban supporting palm oil companies involved in unsustainable practices as it was part of syndicates that had arranged USD 16.3 billion of loans since 2012.

Court documents allege clashes inside RBS over 2008 toxic assets

The claimants' filings allege senior managers were warned by internal risk experts for more than six months that overvalued toxic debt, including subprime mortgage bonds, had left the bank dangerously exposed to a collapse in US property prices.