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Union Minister for Chemicals & Fertilizers and Health & Family Welfare, Mansukh Mandaviya stated yesterday that Indias Petrochemical Industries has been one of the fastest-growing industries in the Indian economy with high demand growth. India is projected to contribute more than 10% of the incremental global growth in Petrochemicals over the next decades. However, amidst the Petrochemical growth globally, volatility, significant Import dependency and attractive […]

The U.S. Energy Information Administration estimated oil inventories had added 1.3 million barrels during the week to April 29. At 415.7 barrels, the EIA said, inventories were 15 percent below the five-year average for this time of the year. Gasoline inventories fell by 2.2 million barrels last week, according to the authority. This compared with a decline of 1.6 million barrels a week earlier. Gasoline […]

The US dollar eased overnight after the Fed sounded less hawkish on larger rate hikes going forward although it raised benchmark interest rates by 50 bps in yesterdays FOMC, the largest since 2000 as policymakers urgently tried to tamp down inflation. The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by half a percentage point. The Fed announced that it […]

Agro Chemical operations contributed 70% of the total revenue.

The off-cycle meet of MPC announcing hike in benchmark Repo rate by 40 bps and another 50 bps hike in CRR kept the broader markets on the tenterhooks, as the realization of siding with changing realms of inflation control gained currency, already palpable for sometime as economies from developed as well as emerging worlds have struggled to rein in the galloping price rises that hurt the masses, and probably classes alike

Sachin Seth joins BSE Ebix from Ernst & Young LLP (EY) where as a Partner, he was instrumental in setting up and growing the Digital and Fintech Practice for EY’s Financial Services Division since 2016

Till now, the Fed has stuck to what it has stated. It promised to unwind fresh purchases by March, which was done.

COMEX Copper saw good buying on firm US equities. The major US averages finished the session just off their best levels of the day. The Dow jumped 932.27 points or 2.8 percent to 34,061.06, the Nasdaq surged 401.10 points or 3.2 percent to 12,964.86 and the S&P 500 spiked 124.69 points or 3 percent at 4,300.17. The stocks surged after Federal Reserve Chair Jerome Powell […]

The Indian rupee could extend some of its previous day gains to Thursday, 05 May 2022 although elevated crude oil prices are likely to weigh. Rupee gained traction yesterday after the central bank hiked benchmark interest rates in an unscheduled meeting. RBI raised the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation that has remained stubbornly above the […]

Rategain Travel Techs will hold a meeting of the Board of Directors of the Company on 16 May 2022