Bitcoin at 3-month high as Trump odds drive currencies

Election polls show rising odds of former President Donald Trump winning the Nov. 5 election and are boosting the dollar, since his proposed tariff and tax policies are seen as likely to keep U.S. interest rates high and undermine currencies of trading partners.

Oil & gas companies take the shine out of India Inc’s Q2 show

Revenue rose 7.2% from a year earlier, the slowest in five quarters, shows an analysis of the numbers from 175 companies that have reported results for the fiscal second quarter. Net profit growth at 2.5% was a six-quarter low, even as the operating margin of the sample group fell 1.5 percentage point to 20.9%.

Wall Street zeroes in on semiconductors after turbulent week

Because semiconductors are key components in a broad array of products, chipmakers and related equipment companies are closely followed for insight into the economy. Wall Street also watches the stocks as indicators of overall market trends.

Recent acquisitions help shore up Tata Consumer revenue

At 14.9%, the company’s operating profit margin for the quarter was 47 basis points, or 0.47 percentage point, higher than the year-ago level, but it was lower than the previous three quarters. TCPL’s revenues from the beverage business in India grew 3%. Excluding the Organic India acquisition, growth of its beverage business declined 4% due […]

Give Leverage, Will Trade: MTF book rises to Rs 84,800 cr

The money borrowed under the brokers’ margin trading funding (MTF) facility – a system allowing investors to borrow to buy shares they cannot afford – swelled by 50% jump last week from March 31, as interest rate cuts on loans for trading in the market recently has encouraged individuals to use more of this funding […]