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New York manufacturing activity has unexpectedly seen a substantial contraction in the month of August, according to a report released by the Federal Reserve Bank of New York. The New York Fed said its general business conditions index plummeted to a negative 31.3 in August from a positive 11.1 in July, with a negative reading indicating a contraction in regional manufacturing activity. The unexpected contraction […]

Sales decline 26.30% to Rs 10.48 crore

K E C International has secured new orders of Rs. 1,313 crore across its various businesses: Transmission & Distribution (T&D): The business has secured orders for T&D projects in India, Middle East and Americas ? 400 kV Transmission line order in India, from Power Grid Corporation of India Limited (PGCIL) ? Supply of towers in Middle East, secured by our subsidiary in UAE ? Supply […]

WCK 5222 is a super-drug, an entirely new class of antibiotic known as ‘β-lactam ENHANCER’.

SpiceJet has entered into settlement agreement with aircraft lessor Goshawk Aviation and its affiliated leasing entities namely Wilmington Trust SP Services (Dublin), Sabarmati Aviation Leasing and Falgu Aviation Leasing related to two (2) Boeing 737 MAX aircraft and one (1) Boeing 737-800 NG aircraft. The parties have agreed to settle all their disputes under and related to the aircraft lease agreements for 3 aircraft. The […]

Brightcom reported a strong quarter, with consolidated revenues of Rs1480.61 crore and PAT of Rs277.24 crore for Q1 FY22-23.

Brent crude futures decreased by $1.00, or 90 cents, to $94.20 a barrel. To reach $88.60 per barrel, WTI crude futures lost 81 cents or 0.9%.

Sales decline 93.08% to Rs 0.20 crore

A report released by the National Association of Home Builders unexpectedly showed a continued deterioration in U.S. homebuilder confidence in the month of August. The report showed the NAHB/Wells Fargo Housing Market Index dropped to 49 in August from 55 in July. With the unexpected decrease, the housing market index fell below the key break-even measure of 50 for the first time since May 2020. […]

Weak Chinese economic data fuelling recessionary concerns and slowing demand dragged oil prices to its lowest level in six month. Chinas central bank cut interest rates unexpectedly on Monday as official data revealed weaker-than-expected industrial production and retail sales growth amid falling property investment. Industrial production growth in China decelerated to 3.8 percent in July from 3.9 percent in June, while retail sales advanced 2.7 […]