Currencies on Edge as US Inflation Data Looms
Tue, Sep 10, 2024 11:31 AM

Currencies on Edge as US Inflation Data Looms

A Flip by Shubhangi Gupta
Get it on Google Play
Dollar remained steady in early trade on Tuesday, with yen retreating from one-month highs as investors await U.S. inflation data and rethink expectations for a big interest rate cut from Fed beginning next week. A mixed labour report released on Friday failed to make a clear argument for whether the Fed will decrease interest rates by 25 bps or 50 bps at its decision meeting on September 17-18.

More great flips

DIIs net bought shares worth Rs 2,174 crore, FIIs net sold Rs 1,893 crore

DIIs net bought shares worth Rs 2,174 crore, FIIs net sold Rs 1,893 crore

On December 30, domestic institutional investors (DIIs) net bought shares worth Rs 2,174 crore crore, while foreign institutional investors (FIIs) net sold shares worth Rs 1,893 crore, provisional data from NSE showed. During the trading session, DIIs bought Rs 41,787 crore and sold shares worth Rs 39,613 crore, and FIIs purchased Rs 15,508 crore in shares.

Open Flip
Govt to adopt new approach to track cost overruns: Sources

Govt to adopt new approach to track cost overruns: Sources

The Indian government will launch a new system in January 2025 to track cost overruns in projects, making the process more standardised, with reforms to the Online Computerised Monitoring System and integration with other government initiatives. The move aims to better track outcomes and address cost overruns, which currently stand at nearly 20% of the original cost.

Open Flip
Lupin acquires Huminsulin from Eli Lilly to enhance diabetes care portfolio

Lupin acquires Huminsulin from Eli Lilly to enhance diabetes care portfolio

Pharma major Lupin has acquired Huminsulin brand in India from Eli Lilly, in an effort to enhance its diabetes portfolio, the company said in an exchange filing on December 30.Lupin had been marketing Huminsulin through an existing agreement with Lilly India before proceeding to acquire the brand. The drug is used in the treatment of Type 1 and Type 2 diabetes mellitus.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon