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To 13 May 2022

HDFC Bank, Axis Bank and RIL were top traded stock futures contract in NSEs F&O segment

Domestic equity benchmarks went into a tailspin during fag-end of the trade on Friday, dragged by weakness in Axis Bank, Reliance Industries and Infosys. The Nifty ended a tad above 17100 after hitting the days high of 17,377.65 in afternoon trade. All the sectoral indices on the NSE ended in the red. Media, oil & gas and auto shares tumbled. Concerns over rising inflation and […]

Business Wire India Expansion follows successful UK Post Office digital cross-border money transfers roll-out in 2019 Western Union services to become available in 4,000 UK Post Office locations, doubling Western Union’s UK retail network   Western Union (NYSE: WU) announced today that it is expanding its collaboration with the UK Post Office to provide retail cross-border money transfers. This alliance is part of the Company’s […]

At 76.4250/4275 per Dollar

Wipro reported 4% rise in consolidated net profit to Rs 3,087.3 crore on a 3% increase in revenue to Rs 20,860 crore in Q4 FY22 over Q3 FY22.

The Indian rupee appreciated 18 paise to settle at 76.43 (provisional) against the US dollar on Friday, tracking a weak greenback overseas and fresh foreign fund inflows. At the interbank forex market, the domestic unit opened at 76.62 against the US dollar. It moved in the range of 76.63 to 76.29 during the day trade. The rupee finally closed at 76.43, registering a rise of […]

Germany GDP grew 0.2% qoq in Q1, recovering from a 0.3% contraction in the previous period. On the same quarter a year earlier, GDP grew 3.7% yoy. The growth was mainly due to higher capital formation, whereas the balance of exports and imports had a downward effect on economic growth. The economic consequences of the war in Ukraine have had a growing impact on the […]

Eurozone GDP grew 0.2% qoq in Q1, slightly below expectation of 0.3% qoq. Year-on-year, the GDP expanded 5 percent, accelerating from an upwardly 4.7 percent increase in Q4. Growth in Spain (0.3 percent) and Germany (0.2 percent) more than offset a contraction in Italy (-0.2 percent) while the French economy stalled. Preliminary Eurostat data indicated the war and related commodity price spikes cut growth by […]

Eurozone annual rate of inflation rose to a fresh record high of 7.5% in April from 7.4% in March. The inflation is now more than three times above the ECB target of 2%. War in Ukraine and sanctions on Russia continued to push prices of commodities higher, preliminary estimates showed. Meanwhile, energy prices slowed but remained extremely high (38% vs 44.4%). Excluding energy, the inflation […]