The US Dollar pops after stronger-than-expected January inflation numbers. Fed Chairman Jerome Powell heads into his second day at Capitol Hill. The US Dollar Index (DXY) shoots higher and heads to 108.50 in the CPI aftermath. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is soaring in…
The Indian equity market demonstrated resilience in a highly volatile session, though ultimately closing marginally lower. After showing a sharp decline in the last five sessions, the Nifty witnessed high volatility and a smart upside recovery on Wednesday. The index extended its downward trend for the sixth straight session, but the day’s trading pattern revealed…
Sanitary ware and glass container maker AGI Greenpac has sought a review of the Supreme Court’s January ruling that quashed the approval of AGI’s resolution plan for the bankrupt Hindusthan National Glass & Industries Ltd (HNGIL), citing failure to obtain prior permission from the Competition Commission of India (CCI). In addition to the review petition…
Mahindra showcased the Global Pik Up concept in 2023, confirming the launch of a pickup truck from the brand as a global product. A couple of test mules were spotted in Manali, Himachal Pradesh, a single cab version and a double cab version. The front section looked very similar to the outgoing Scorpio N. There…
Open AI CEO Sam Altman on Tuesday slammed Elon Musk and accused him of acting from a “position of insecurity” after his offer to buy the artificial intelligence startup.“Probably his whole life is from a position of insecurity,” Altman said during an interview with Bloomberg Television on the sidelines of the Paris AI Summit.“I feel…
James Howells lost a hard drive containing the keys to 8,000 Bitcoin in 2013, which is currently valued at approximately $774 million. Now 12 years later, the computer engineer is looking to purchase the dump he believes the hard drive to be buried in, now that the site is shutting down. The local council of…
Indian Railway Catering and Tourism Corporation (IRCTC) has reported impressive financial results for the third quarter, showcasing significant growth in its earnings. The company’s net profit surged by 13.7% year-on-year (YoY), reaching ₹341 crore, up from ₹300 crore in the same quarter last year. Company Value Change %Change In terms of revenue, IRCTC saw a…
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The US Dollar Index trades lower near 108.30 as market sentiment remains cautious. Trump confirms 25% tariffs on steel and aluminum imports but provides no clear implementation timeline. Investors await Powell’s testimony for further clues on the Federal Reserve’s policy outlook. US CPI data from January is also due this week. The US Dollar Index…
