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The US stock market finished session on Tuesday, 22 February 2022, as investors offloaded risk assets amid heightening geopolitical anxiety after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine. At the close of trade, the Dow Jones Industrial Average index fell 482.57 points, or 1.42%, to 33,596.61. The S&P500 index was down 44.11 points, or 1.01%, to 4,304.76. The tech-heavy Nasdaq […]

WTI Crude oil futures saw heavy volatility in last session, moving in broad range of $95-89 per barrel. Wall Streets main indexes slipped on Tuesday as shares of Home Depot slumped after earnings, while the prospect of harsh Western sanctions against Russia over its conflict with Ukraine kept investors on edge. The commodity also saw some selling pressure on weak US economic cues. The US […]

COMEX Copper futures consolidated around $4.50 per pound in choppy trades amid weak equities as Russia-Ukraine worries weighed on sentiments. MCX Copper futures closed up 0.29% at Rs 764.50 per kg. Meanwhile, the International Copper Study Group (ICSG) said that world copper mine production increased by about 2.5% over the first eleven months of 2021, with concentrate production increasing by around 3.9% and solvent extraction-electrowinning […]

US consumer confidence index dipped to 110.5 in February from a downwardly revised 111.1 in January, reflecting a deterioration in consumer expectations, the Conference Board reported on Tuesday. The modest decrease by the consumer confidence index came as the expectations index slipped to 87.5 in February from 88.8 in January. Consumers expecting business conditions to improve edged down to 23.4 percent from 23.6 percent, although […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 91 points at the opening bell. The escalating crisis between Russia and Ukraine, and the resultant surge in crude oil prices is worrisome, Finance Minister Nirmala Sitharaman said on February 22, adding that the government is constantly monitoring the situation. In post-Budget consultations with several stakeholders, […]

Gold stayed supported in volatile trades yesterday as escalating tensions between Russia and Ukraine hurt the global equities and risk aversion. The stock markets moved sharply lower during trading on Tuesday. The Dow tanked to an eight-month closing low. Gold hit highs above $1910 per ounce but gains were capped by the strength in the US Dollar index. The dollar index stabilized above 96 mark. […]

The two-wheel manufacturer and Bharat Petroleum Corporation (BPCL), a Maharatna and Fortune Global 500 company, collaborated to set up charging infrastructure for two-wheeled electric vehicles (EVs) across the country.

The gold loan auctions by NBFCs rose in 9MFY22, perhaps highest since FY14 when gold saw larger volatility in its prices.

Wipro: The IT major announced that it has formed a joint go-to market partnership with vFunction, a Palo Alto-based startup that has developed a scalable, AI-based technology platform for modernizing Java applications and accelerating migration to the cloud. Tata Power Company: Prayagraj Power Generation Company Limited (PPGCL) has signed an MOU with ZaaK Technologies GmbH to jointly establish Indias first Lypors pilot manufacturing plant at […]

The bond proceeds will be used to repay the bridge loan facility at MIAL, and for capex