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US first-time claims for unemployment benefits showed another modest decrease in the week ended February 5th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 223,000, a decrease of 16,000 from the previous weeks revised level of 239,000. Jobless claims fell for the third straight week after reaching a three-month high in mid-January amid the […]

US natural gas storage volumes fell by more than 200 Bcf for the fourth week, latest data from the US Energy Information Administration or EIA noted. Storage fields withdrew 222 Bcf for the week ended February 4. The drawdown outpaced the five-year average of 150 Bcf and the 174 Bcf pull in the corresponding week a year ago. Working gas inventories fell to 2.101 Tcf. […]

Hero MotoCorp: The company reported consolidated net profit of Rs 704.24 crore in Q3FY22 as compared to Rs 1029.17 crore in Q3FY21. Total income rose to Rs 8,133.30 crore from Rs 10,032.61 crore YoY. Sun TV Network: The company reported consolidated net profit of Rs 471.19 crore in Q3FY22 as compared to Rs 445.41 crore in Q3FY21. Total income rose to Rs 1060.43 crore from […]

The decision to hold rates will cap borrowing costs and will also aid credit delivery.

Torrent Power on Thursday announced that it has entered into a share purchase agreement with Blue Daimond Properties and Balrampur Chini Mills for the acquisition of 100% equity share Capital of Visual Percept Solar Project.

Dinesh, the founder of the company, has been instrumental in driving the company’s strategy and growth.

The US stock market finished session lower on Thursday, 10 February 2022, in the wake of data showing inflation reached a new four-decade high, raising the stakes on whether the Federal Reserve will plot a more aggressive path on interest rates. At the close of trade, the Dow Jones Industrial Average index declined 526.47 points, or 1.47%, to 35,241.59. The S&P500 index was down 83.10 […]

There are 3 bets that the RBI has taken in its quest for a lower term structure of interest rates.

RBI expressed sanguinity about the health of Banks’ balance sheets and we believe that the improving capacity utilization aiding investment demand will lead to credit growth

The RBI has continued to remain steadfast on its accommodative policy stance and postponed the initiation of any formal monetary policy normalization process with the continuous focus on supporting the uncertain growth revival trajectory.