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The World Gold Council (WGC) stated yesterday that Global gold ETFs drew net inflows of 46.3t (US$2.7bn, 1.3% of AUM) in January, led by North American funds – partially offsetting the region’s 2021 outflows. These combined with positive flows from Europe significantly outweighed Asian outflows. Overall, net inflows were driven largely by gold price strength and a sharp selloff in equity markets, despite a reversal […]

Wockhardt on Tuesday said that it has received permission from the Central Drugs Standard Control Organization (CDSCO) to export up to 80 million doses of Sputnik Light and up to 20 million doses of Sputnik V Component I vaccine. Wockhardts Bulk vaccine and Fill-Finish manufacturing facilities at Waluj and Shendra, Aurangabad respectively were jointly inspected and approved by Drug inspectors from CDSCO (West zone) & […]

The Indian rupee could stay range bound, awaiting the upcoming monetary policy decision by the Reserve Bank of India later this week. The Reserve Bank of Indias (RBI) Monetary Policy Committee (MPC) will meet on 8-10 February 2022. The RBIs MPC will announce its interest rate decision on 10 February 2022. Meanwhile, higher crude oil prices and surging U.S. Treasury yields to their highest levels […]

Japan average of household spending was down 0.2 percent on year in December, the Ministry of Communications and Internal Affairs said on Tuesday, coming in at 317,206 yen, following the 1.3 percent drop in the previous month. The average of monthly income per household stood at 1,102,091 yen, up 4.6 percent on year. On a monthly basis, household spending rose 0.1 percent following the 1.2 […]

The Board has declared an interim dividend of Rs2 per share for the financial year 2021-22.

National Aluminium Company (NALCO) rose 1.22% to Rs 120.45 after the companys consolidated net profit surged 246.53% to Rs 830.67 crore on 58.62% rise in net sales to Rs 3773.26 crore in Q3 December 2021 over Q3 December 2020.

EBITDA had been impacted due to sharp rise in raw material and freight cost, however the Company has passed some cost to its customers.

Large precious metals speculators sharply cut their net long positions in the Silver futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 22118 net contracts in the data reported through week ended January 31, 2022. This was a fall of 10023 net […]

Maintains existing business operating margins @ 40%. Insurance premium grew by 68% yoy to Rs1,796cr. Credit disbursals grew by 94% to Rs1,926cr.