Rupee slips for third session in a row; oil near $113 a barrel
The rupee depreciated for the third straight session to close 10 paise lower at 76.29 against the dollar on Monday, tracking the strength of the greenback overseas, coupled with foreign fund outflows. At the interbank foreign exchange market, the rupee opened lower at 76.41 against the American currency, and shuttled between a high of 76.20 […]
Gold up as dollar, yields weaken; progress in Russia-Ukraine talks weighs
Gold prices rose on Wednesday, supported by a dip in the U.S. dollar and Treasury yields, though signs of progress in Russia-Ukraine peace talks dented the metal’s appeal as a safe haven and kept gains in check. Spot gold was up 0.3% to $1,923.95 per ounce by 0210 GMT. U.S. gold futures rose 0.5% at $1,927.70. The metal fell as […]
Over 6.2 crore ITRs, 21 lakh audit reports filed on new e-filing portal
Over 6.2 crore income tax returns and about 21 lakh tax audit reports have been filed on the new e-filing portal since June last year. The new income tax portal was launched on June 7, 2021. “More than 6.2 crore Income Tax Returns (ITRs) and about 21 lakh major Tax Audit Reports (TARs) have been […]
AI firm Fractal becomes second unicorn in 2022 with $360 million investment from TPG
Fractal, a US-based artificial intelligence firm, becomes the second unicorn in 2022 with the latest investment of $360 million from the private equity firm TPG Capital Asia. The funding will close by the first quarter of 2022. With the latest investment, the company’s valuation has exceeded $1 billion, according to industry sources. Mamaearth, valued at […]
Asia stocks, oil struggle as Omicron worries weigh
TOKYO (Reuters) – Asian stock markets were generally weaker in holiday-thinned trading on Monday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment. U.S. airlines have cancelled or delayed thousands of flights over the past three days due to COVID-19-related staff shortages, while several cruise ships had to cancel […]
