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The US stock market finished session steep lower on Thursday, 05 May 2022, erasing more than the prior days rally on Wall Street, as profit booking triggered across the board amid concerns about higher rates, inflation, and the economic outlook. Doubts that policy makers can arrest runaway prices rocked markets, with the prospect of stagflation unsettled investors. Meanwhile, sharp increase in treasury yields also weighed […]

Both the companies will collaborate on a portfolio of 5G products for the telecommunications sector, including 5G radio access network and 5G transport equipment.

The Indian rupee is likely to see appreciation bias on Friday, 06 May 2022 on the back of weakness in the US currency in early Asia although elevated crude oil prices and sustained foreign fund outflows from the domestic market will continue to restrict gains in the local unit. Rupee gained against the US dollar after a surprise rate hike by the Reserve Bank of […]

Sales decline 36.86% to Rs 18.24 crore

Labor productivity in the U.S. showed a substantial pullback in the first quarter of 2022, according to a report released by the Labor Department. Labor productivity plunged by 7.5 percent in the first quarter, reflecting the largest decline since the third quarter of 1947. The sharper than expected pullback in productivity, a measure of output per hour, came as output slumped by 2.4 percent and […]

Sales rise 17.87% to Rs 431.44 crore

The Labor Department released a report showing a modest increase in first-time claims for US unemployment benefits in the week ended April 30th. The report showed initial jobless claims rose to 200,000, an increase of 19,000 from the previous weeks revised level of 181,000. The Labor Department said the less volatile four-week moving average also edged up to 188,000, an increase of 8,000 from the […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could tumble 283 points at the opening bell. Global markets: Overseas, Asian stocks are trading lower on Friday after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Technology stocks in the region sold off, following the tech-heavy Nasdaq […]

Sales rise 113.17% to Rs 161.07 crore

With effect from 04 May 2022