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The headline equity indices traded with modest gains in the afternoon trade. The Nifty traded near 17,650 mark. Barring the Nifty FMCG index, all the other sectoral indices on the NSE were in the green. At 13:26 IST, the barometer index, the S&P BSE Sensex, was up 383.28 points or 0.65% to 59,186.61. The Nifty 50 index added 110.40 points or 0.63% to 17,649.85. In […]

Chinese services companies signaled a further marked increase in business activity in August as the sector continued to recover from the recent wave of COVID-19. The upturn was supported by a solid rise in overall sales, as companies reported higher customer numbers as market conditions continued to normalize. International demand remained subdued, however, with foreign sales falling again in August. Prices data showed that input […]

A media report stating that Federal Bank is seeking a merger with Kotak Mahindra Bank was circulated recently.

The Board of Directors at its meeting have approved the acquisition of the Lithium Battery Business Undertaking from related party WAAREE ESS Pvt Limited.

At meeting held on 05 September 2022

KPI Green Energy added 3.53% to Rs 922.60 after the company informed about the setting up green hybrid capacities totalling 16.10 MW at Bhavnagar, under the Gujarat hybrid power policy 2018.

Out of the planned borrowing of 14.31 trillion Indian rupees ($179.20 billion) for the 2022—23 year beginning on April 1, the govt would borrow Rs8.45 trillion ($105.82 billion) by the end of September

The US dollar index soared to fresh two decade highs on Monday, as the euro that carries the maximum weight in the dollar basket fell sharply after Russian energy supplier Gazprom announced on Friday that it would not resume its supply of natural gas to Europe through the key Nord Stream 1 pipeline because of a malfunctioning turbine. The euro is lingering below parity against […]

COMEX Gold futures are hovering around seven week low amid firm US dollar and lack of buying support. The US dollar index is holding above 110 mark. The metal currently trades down marginally at $1721 per ounce. The overall trend in Gold is likely to be choppy given the solid slide in European equities. Powered by Commodity Insights

The FAO Food Price Index (FFPI) averaged 138.0 points in August 2022, down 2.7 points (1.9 percent) from July, registering its fifth consecutive monthly decline. Despite the latest drop, the index remained 10.1 points (7.9 percent) above its value a year ago. All the five sub-indices of the FFPI fell moderately in August, with monthly percentage declines ranging from 1.4 percent for cereals to 3.3 […]