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At meeting held on 11 August 2022

Oil prices eased in early Asia on Friday as OPEC cut its forecast for growth in world oil demand in 2022 in contrast to a raise in forecast by IEA in its monthly report. The Organization of the Petroleum Exporting Countries (OPEC) cut its forecast for growth in world oil demand in 2022 by 260,000 barrels per day (bpd). It now expects demand to rise […]

Gold is seen losing appeal on Friday as dollar regained 105 mark in early trades tracking surge in treasury yields overnight after reports that San Francisco Fed President Mary Daly said she was open to a 75 basis point rate hike in September, noting that inflation still remained around 40-year highs. Chicago Fed President Charles Evans also said this week that the Fed would need […]

The Company stated that it continues to be debt free and its Other Equity (excluding revaluation reserve) stood at Rs10,347.62 lakh.

In the quarter under review, the company's revenue from operations fell slightly by 1% to Rs3,795.60 crore from Rs3,760.21 crore

At 01:12 GMT, the price of Brent oil futures dropped 34 cents, or 0.3%, to $99.26 per barrel, while the price of U.S. West Texas Intermediate (WTI) crude futures down 34 cents, or 0.3%, to $94.00 per barrel

Hero MotorCorp, ONGC among stocks that may see price movement today

EBITDA of Rs49 crore, YoY growth of 17%.

The US stocks gave up gains to end mixed on Thursday, 11 August 2022, with the NASDAQ and the S&P500 indexes settling below the unchanged line, while the Dow managed to hold gains line. The mixed finish of the Wall Street came as the upward momentum inspired by tamer-than-expected inflation data fizzled out. At the close of trade, the Dow Jones Industrial Average index inclined […]

The U.S. Labor Department released a report showing producer prices unexpectedly decreased during the month of July. Producer price index for final demand fell by 0.5 percent in July after surging by a revised 1.0 percent in June. The unexpected decrease in producer producers, which marked the first drop since April 2020, largely reflected a sharp pullback in energy prices. Energy prices plunged by 9.0 […]