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UPLs consolidated net profit surged 28.4% to Rs 814 crore in Q2 FY23 on 18.4% rise in revenue from operations to Rs 12,507 crore in Q2 FY23 over Q2 FY22.

Weakness in the greenback overseas supported the Indian rupee to appreciate 10 paise to close at 82.71 (provisional) against the US dollar on Tuesday. The dollar weakened ahead of the FOMC policy meeting on Wednesday. At the interbank foreign exchange market, the local currency opened at 82.74 and witnessed a high of 82.59 and a low of 82.79. It finally settled at 82.71 against the […]

Mainland China share market finished session sharply higher on Tuesday, 1 November 2022, as the Caixin PMI data for Chinas factory activity came in slightly better than expected and hopes that the country will ease its disruptive COVID-Zero policy by the end of this year. At close of trade, the benchmark Shanghai Composite Index surged 2.62%, or 75.72 points, to 2,969.20. The Shenzhen Composite Index, […]

The key equity barometers ended with decent gains on Tuesday, rising for the fourth consecutive session. The Nifty 50 index ended near 18,150 mark. Metals, pharma and healthcare stocks were in demand. However, banks and auto shares lagged. Positive global cues and encouraging domestic economic data supported buying. Strong buying by the FIIs also boosted sentiment. The barometer index, the S&P BSE Sensex, advanced 374.76 […]

Tata Motors said that the companys sales in the domestic & international market for October 2022 stood at 78,335 vehicles, up by 15% as compared to 67,829 units sold during October 2021.

The offer received bids for 12.43 crore shares as against 1.45 crore shares on offer.

UK house prices fell for the first time in 15 months in October after the turmoil caused by the mini-budget announcement hurt the sentiment in the property market as rising borrowing cost worsen the stretched housing affordability, the Nationwide Building Society. House prices dropped 0.9 percent in October from the previous month, marking the first fall since July 2021 and the biggest since June 2020. […]

Incidentally, core sector growth had been consistently falling from 19.3% in May 2022 to 13.2% in June 2022 to 4.5% in July 2022 and 3.3% in August 2022.

At 82.8550 per Dollar

The Reserve Bank of India, in a statement, said that it shall commence the first pilot in the Digital Rupee – Wholesale segment (e&8377;-W) on 1 November 2022. The central bank said that nine banks, viz., State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC have been identified for […]