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Ambuja Cements: The company reported 55% fall in consolidated net profit to Rs 431 crore on 2.1% rise in net sales to Rs 7503 crore in Q4CY21 over Q4CY20. Lupin: Lupin Pharmaceuticals Inc., (Lupin) announced that the U.S. Food and Drug Administration approval of Supplemental New Drug Application for SOLOSEC (secnidazole) in adolescents for both the treatment of bacterial vaginosis in females and trichomoniasis. Birla […]

The US Energy Information Administration (EIA) reported on Thursday that US natural-gas supplies dropped by 190 billion cubic feet for the week ended February 11 to stand at 1.911 trillion cubic feet. Total stocks were down 404 billion cubic feet from a year ago and 251 billion cubic feet below the five-year average. Powered by Commodity Insights

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 14 points at the opening bell. Global markets: Overseas, Asian stocks are trading lower on Friday after an exchange of fire in eastern Ukraine and renewed U.S. warnings of an imminent Russian invasion had investors looking for safety ahead of the weekend. US stocks slumped Thursday […]

CSB Bank said that the Reserve Bank of India (RBI) has approved the appointment of Pralay Mondal as the deputy managing director of the bank, for a period of three years.

The Philly Fed said its diffusion index for current activity slid to 16.0 in February from 23.2 in January, although a positive reading still indicates growth in regional manufacturing activity, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The bigger than expected decrease by the headline index came as the new orders index fell to 14.2 in February from […]

Reported sales nil

US weekly jobless claims rose to 248,000 in the week ended February 12th, an increase of 23,000 from the previous weeks revised level of 225,000, the Labor Department reported on Thursday. The Labor Department said the less volatile four-week moving average dipped to 243,250, a decrease of 10,500 from the previous weeks revised average of 253,750. The report showed continuing claims, a reading on the […]

US housing starts tumbled by 4.1 percent to an annual rate of 1.638 million in January after inching up by 0.3 percent to a revised rate of 1.708 million in December, the Commerce Department reported on Thursday. The much bigger than expected decrease came after housing starts reached their highest annual rate since last March in December. Single-family housing starts led the way lower, plunging […]

Reported sales nil

COMEX Gold shot up yesterday, witnessing excellent safe haven buying on sustained worries due to the Russia-Ukraine crisis. The US stocks showed a substantial move back to the downside during trading on Thursday. The major averages all showed significant moves to the downside, with the tech-heavy Nasdaq seeing heavy losses of nearly 3%. The Dow crashed 1.8% and the S&P 500 index tanked around 2%. […]