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SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 25 points at the opening bell. Global markets: Overseas, Asian stocks are trading mixed on Thursday as investors look ahead to the Bank of Japan rate decision. The Bank of Japan is expected to keep rates at ultra-low levels Thursday, as per reports. US stocks ended […]

After the gains of yesterday, there may be some profit booking in early trading

A report released by the National Association of Realtors showed existing home sales in the U.S. tumbled by much more than expected in the month of June. Existing home sales plunged by 5.4 percent to an annual rate of 5.12 million in June after slumping by 3.4 percent to an annual rate of 5.41 million in May. The report said the median existing home price […]

Company logs biggest ever quarterly sales

Wipro: The IT majors consolidated net profit dropped 16.96% to Rs 2,563.6 crore in Q1 FY23 as against Rs 3,087.3 crore in Q4 FY22. Revenue from operations increased 3.21% quarter on quarter (QoQ) to Rs 21,528.6 crore in Q1 FY23 over Q4 FY22. For the quarter ending 30 September 2022, Wipro expects revenue from IT Services business to be in the range of $2,817 million […]

Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) to market Norepinephrine Bitartrate Injection USP,4 mg/4 mL (1 mg/mL) Single-Dose Vial. (USRLD: Levophed). Norepinephrine Bitartrate is indicated for restoration of blood pressure in adult patients with acute hypotensive state. The drug will be manufactured at the groups topical injectable manufacturing facility at Jarod, India. Norepinephrine Bitartrate Injection USP, 1mg/1 […]

The drug maker said it received final approval from the US drug regulator to market Norepinephrine Bitartrate Injection USP,4 mg/4 mL (1 mg/mL) single-dose vial.

Crude oil continues its scuffle to cross the psychological $100 mark in early Asia on Thursday as the commodity was weighed down by EIA reports that pointed to weaker gasoline demand. The EIA reported an inventory increase of 3.5 million barrels, adding to the previous build of 5.8 million barrels in the week prior. To add to demand concerns, Baker Hughes said it sees the […]

The US shares were modestly higher on Wednesday, 20 July 2022, with the major averages all finished the day in positive territory after fluctuating in and out of boundary line, as investors parsed through the latest corporate results. Market gains were, however, limited amid growing concern that Europe may lose access to Russian gas and fresh uncertainties stemming from the conflict in Ukraine as Russian […]

Gold is lingering near a one-year low as dollar snapped a three-day losing streak awaiting major central bank decisions. The yellow commodity is closely watching outcome of the ECB meeting due later today. The dollar index, that measures the greenback against a basket of currencies is currently down marginally at 106.72 after recovering to 107 levels in the previous session tracking 10-year US Treasury yields […]