Economic Buzz: Australia inflation down from 3.8% to 3.5% in July

Mumbai, Aug. 26 -- Australia's consumer price index (CPI) rose 3.5% on an annual basis in July, down from the 3.8% annual inflation rate reported in June, the Australian Bureau of Statistics reported ... Read More

Park Medi World to set up 550-bed speciality hospital in Prayagraj

Mumbai, Aug. 26 -- Park Medi World has been awarded a mandate under the Public-Private Partnership (PPP) model by the Prayagraj Municipal Corporation, Uttar Pradesh, for the development and operation ... Read More

Fedbank Financial board raises borrowing limit to Rs 23,000 crore

Mumbai, Aug. 26 -- This limit would include the funds raised by way of issue of non-convertible debentures (NCDs) or any other securities or instruments and other modes of borrowings to be made from t... Read More

Economic Buzz: Feds Barkin says there may be a need to hike rates if price pressures become embedded

Mumbai, Aug. 26 -- Richmond Fed President Tom Barkin has stated that there will eventually be a reckoning if US debt continues to rise, though the timing is difficult to predict. Barkin said the gover... Read More

Commodities Buzz: LME Lead inventories fall near five-week low

Mumbai, Aug. 26 -- LME lead inventories dipped today, adding to recent slide. The inventories fell by 3600 tonnes on Tuesday to 412200 tonnes, testing near five-week low. Published by HT Digital Cont... Read More

Market trade sideways; private bank shares advance

Mumbai, Aug. 26 -- The key equity benchmarks traded sideways in mid-morning trade, supported by easing crude oil prices and an improved risk appetite. The Nifty traded below the 24,350 level, while pr... Read More

SEPC to enter UAE petroleum trading biz by acquisition of Wintality Petroleum FZE

Mumbai, Aug. 26 -- SEPC announced that its Board has approved a restructuring of the equity and capitalisation reserves of its wholly owned UAE subsidiary, SEPC FZE, Sharjah - enabling the acquisition... Read More

Oil extends slide near $80, down more than 7% this week on Hormuz hopes

Mumbai, Aug. 26 -- Oil prices fell nearly 3% to trade around $80 per barrel in Asian electronic trading on Wednesday, extending the previous session's losses as renewed hopes of easing tensions around... Read More

Subex bags fraud management deal with leading African mobile operator

Mumbai, Aug. 26 -- Subex announced a three-year engagement with a leading African mobile operator for the deployment of Subex HyperSense Fraud Management. The operator is part of a major global teleco... Read More

Subex inks multi-year pact with African mobile operator for fraud management solutions

Mumbai, Aug. 26 -- The engagement will strengthen the operator's ability to detect and combat emerging fraud across mobile networks and mobile money operations, leveraging Subex's HyperSense Fraud Man... Read More

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