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Bharti Airtel: Hughes Communications India Pvt Ltd, (HCIPL), a majority-owned subsidiary of Hughes Network Systems, LLC (HUGHES) and Bharti Airtel announced the formation of a joint venture to provide satellite broadband services in India. GAIL (India): GAIL (India) has acquired equity stake of 26% in ONGC Tripura Power Company (OTPC), which owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura. […]

The Indian rupee is poised for a lower opening on Thursday, 06 January 2022 tracking an overnight surge in the dollar after the FOMC meeting minutes showed the US central bank might start raising interest rates from record-low levels sooner than expected. Pessimistic cues from global shares are also seen weighing down the local unit. However, sustained foreign fund inflows into the Indian markets and […]

The Board of Surat Textile Mills at its meeting held on 01 January 2022 has approved in principle the proposal for sale of its assets of Jolwa Manufacturing Division situated at Village Jolwa Taluka Palsana Dist Surat Undertaking by way of an asset transfer slump sale on a Going Concern basis on an as is where is and what is to Garden Silk Mills GSML […]

US services providers registered another steep expansion in business activity at the end of 2021, according to the latest PMI data. The upturn eased slightly to the slowest for three months, but was supported by a sharper increase in new business. The rise in new orders was the fastest for five months, as demand conditions strengthened. Although firms sought to expand workforce numbers to tackle […]

Here is the important stock market news to watch out for today.

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 171 points at the opening bell. Global markets: Overseas, Asian stocks are trading lower on Thursday following overnight losses on the Wall Street. Activity in Chinas services sector expanded at a faster pace in December, a private sector survey showed on Thursday. The Caixin/Markit services Purchasing […]

Fed minutes of the December 14-15 meeting, released on Wednesday stated that very tight U.S. labour market might warrant raising rates sooner, and indicated they could also reduce the central banks overall asset holdings to tame high inflation. Some Fed policymakers also noted that it could be appropriate to start reducing the size of the balance sheet soon after the central bank begins raising interest […]

RBL Bank said that its gross advances rose 5% to Rs 59,941 crore as on 31 December 2021 as against Rs 57,092 recorded on 31 December 2020.

The US stocks tumbled on Wednesday, 05 January 2022, with the Nasdaq and the S&P 500 all settling notably below the unchanged line, as investors reacting negatively to the minutes of the latest Federal Reserve meeting, focusing on more hawkish removal of monetary stimulus than had feared. At the close of trade, the Dow Jones Industrial Average index stumbled 392.54 points, or 1.07%, to 36,407.11. […]

US private sector employment surged in the month of December, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment spiked by 807,000 jobs in December after jumping by a revised 505,000 jobs in November. The much stronger than expected private sector job growth reflected broad-based gains, with employment in the service-providing sector soaring by 669,000 jobs amid a […]