New Delhi, April 13 (IANS) India’s IT services sector is showing early signs of recovery with improving growth visibility and strengthening fundamentals, a new report said on Monday.The data compiled by BNP Paribas highlighted that despite cautious investor sentiment, underlying indicators suggest a gradual rebound in demand and earnings momentum.The brokerage noted that near-term trends are turning more supportive, backed by rising hiring activity, steady management commentary, and continued …
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Seoul, April 7 (IANS) LG Electronics on Tuesday estimated its first-quarter operating profit to have increased 33 per cent from a year earlier, driven by strong performance of its mainstay home appliance business.Operating profit for the January-March period came to 1.67 trillion won (US$1.1 billion), compared with 1.25 trillion won a year earlier, the company said in a regulatory filing.Sales rose 4.4 percent to 23.73 trillion won, marking a record high for a first quarter.Net profit data was n…
New Delhi, April 6 (IANS) The Indian rupee opened 10 paise higher at 93 against the US dollar on Monday, as traders continued to unwind speculative positions in the offshore non-deliverable forwards (NDF) market.The domestic currency was trading at 93 per dollar in early trade, compared to its previous close of 93.10. Currency and fixed income markets remained closed on April 3 on account of Good Friday.The rupee has gained around 2 per cent over the past week following the Reserve Bank of India…
Seoul, April 6 (IANS) South Korean stocks continued to trade higher late on Monday morning as investors anticipated a strong performance by Samsung Electronics in its first-quarter earnings guidance this week, boosting optimism in the artificial intelligence (AI) industry.The benchmark Korea Composite Stock Price Index (KOSPI) rose 116 points, or 2.16 per cent, to 5,493.3 as of 11:20 am (local time), reports Yonhap news agency.On Tuesday, Samsung Electronics is set to release its preliminary fir…
New Delhi, April 2 (IANS) The Indian Rupee saw its biggest single-day gain in nearly 13 years on Thursday, closing at 93.10 against the US dollar, as authorities stepped up efforts to curb currency speculation.The sharp rally came after the Reserve Bank of India tightened rules in both domestic and offshore markets.”The move was largely driven by improved risk sentiment following US President Donald Trump’s speech, which hinted at negotiations rather than escalation, triggering a relief rally….
Seoul, March 31 (IANS) The South Korean currency fell sharply to a 17-year low against the US dollar on Tuesday as the escalating Middle East conflict fuelled fears of further disruptions to global oil supplies and broader economic impacts.The won was quoted at 1,530.1 won per dollar, down 14.4 won from the previous session, extending its losing streak to a fifth consecutive session, reports Yonhap news agency.Tuesday’s level marked the lowest since March 9, 2009, on a closing basis, when the wo…
Seoul, March 31 (IANS) South Korean stocks traded lower late on Tuesday morning, led by heavy foreign sell-offs, as an escalating conflict in the Middle East heightened concerns about global oil supplies and broader economic impacts.The benchmark Korea Composite Stock Price Index (KOSPI) fell 89.14 points, or 1.69 percent, to 5,188.16 as of 11:20 a.m.The index opened about 3 percent lower and had been under downward pressure, though some of the earlier losses were erased, reports Yonhap news age…
New Delhi, March 30 (IANS) The Indian rupee on Monday crossed the 95 per dollar mark for the first time, hitting 95.2 against the US dollar, down 0.3 per cent.It ended at a record closing low of 94.83 per dollar, compared to Friday’s close of 94.81.The currency has depreciated by 4.4 per cent against the US dollar in the March quarter. The rupee, which had opened on a strong note after the Reserve Bank of India (RBI) reduced the net open position limit that banks can keep overnight to $100 milli…
New Delhi, March 30 (IANS) The Indian rupee opened higher by 1.3 per cent to reach 93.59 per US dollar on Monday over the Reserve Bank of India’s (RBI) restrictions on onshore position limits.The RBI has instructed banks to limit their net open positions in rupees in the foreign exchange market to $100 million, in a bid to curb speculative trading to cap decline in the Indian rupee.It ordered banks acting as authorised dealers to limit their end‑of‑day open positions in the onshore rupee t…
New Delhi, March 27 (IANS) India’s gold market is shifting toward investment‑driven demand as high prices weigh on jewellery consumption, a report said on Friday.The joint report from ICRA and Assocham said that India’s gold jewellery demand declined about 26 per cent year‑on‑year in the first half of FY26, with a 15 per cent rise in demand for bars and coins partly offsetting the dip.Global gold jewellery consumption fell 15 per cent in FY25 and a further 17 per cent in the first half o…