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WTI Crude oil futures are holding above $100 per barrel after a China induced tumble earlier in the week. In China lockdowns to counter COVID in Shanghai have dragged into their fourth week. Meanwhile orders for mass testing, including in Beijings largest shopping district, have prompted fears of other Shanghai-style lockdowns. However, escalating Russia-Ukraine war is keeping Oil supported. The commodity is holding up despite […]

The IT major has signed a definitive agreement to acquire US-based Rizing Intermediate Holdings, Inc. (Rizing), a global SAP consulting firm, for about $540 million.

Reliance Industries (RIL): RIL and Abu Dhabi Chemicals Derivatives Company RSC (TAZIZ) have signed the formal shareholder agreement for the TAZIZ Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) project. Bajaj Finance: Bajaj Finance reported a 80% rise in consolidated net profit to Rs 2420 crore on 26% rise in total income to Rs 8630 crore in Q4 FY22 over Q4 FY21. Wipro: Wipro announced that […]

The company has reported a revenue of Rs1,073 crore in Q4FY22 as against Rs974 crore in Q4FY21, up by 10.16% yoy.

Ashoka Buildcon has entered into a Share Purchase Agreement (SPA) with National Investment and Infrastructure Fund (NIIF) and GVR Ashoka Chennai ORR (CORR) for the sale of 18,90,00,000 equity shares in CORR, constituting 100% of the share capital of CORR, from the Company to NIIF for an aggregate financial consideration of Rs.686 crore subject to adjustment of cash and working capital, discharge of sponsor loans, […]

US Commerce Department reported that new home sales plunged by 8.6 percent to an annual rate of 763,000 from an upwardly revised rate of 835,000 in February. The steep drop in new home sales came as new home sales in the South plummeted by 10.2 percent to a rate of 414,000, while new home sales in the Midwest plunged by 8.7 percent to a rate […]

The Indian rupee is likely to shed gains in opening trades on Wednesday, 27 April 2022 tracking broad strength in American currency that surged to fresh two-year highs overnight. Meanwhile, crude prices extended gains in early trades amid geopolitical tensions with Russia warning of gas supply cuts to Poland and Bulgaria. This could further dampen rupee sentiments. On Tuesday, rupee rose by 4 paise to […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 205 points at the opening bell. Global markets: Overseas, Asian stocks are trading mixed in Wednesday after overnight losses saw the tech-heavy Nasdaq Composite sliding to a fresh low for 2022. Chinas industrial profits rose 8.5% year-on-year in the January-March period, official data showed Wednesday. U.S. […]

COMEX Copper fell near a three month low of $4.40 per pound amid heavy selling in US equities. Economic cues were also weak. The Conference Board released a report on Tuesday showing a modest decrease in US consumer confidence in the month of April. The Conference Board said its consumer confidence index edged down to 107.3 in April from an upwardly revised 107.6 in March. […]

Biocon Biologics' Insugen formulations will be available to patients at all Ministry of Health Hospitals, districts health offices and health clinics.