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The US shares mostly declined in choppy trading session on Friday, 08 July 2022, with the Dow and the S&P 500 closing below the unchanged line, while the Nasdaq managed to cling gains line. The weakness on the Wall Street was majorly due to intensifying worries about bigger Federal Reserve interest rate hikes ahead after stronger than expected jobs data. At the close of trade, […]

The price of 10 grams of 24-carat gold in Delhi, Mumbai, and Kolkata is Rs 51,210.

The Commerce Department released a report showing wholesale inventories in the U.S. increased by less than expected in the month of May. The report showed wholesale inventories jumped by 1.8 percent in May after surging by an upwardly revised 2.3 percent in April. The report also showed wholesale sales rose by 0.5 percent in May after climbing by 0.8 percent in April. With inventories increasing […]

With this acquisition, Kotak will gain access to over 25,000 high-quality customers with a total standard loan outstanding of around Rs582 crore.

Strength in dollar is expected to keep rupee sentiments damp in opening trades on Monday, 11 July 2022. Concerns about global economic growth offered support to the safe haven currency that stays tall near two-decade peaks at 107.13. Risk off mood in equities coupled with sustained foreign fund outflows are likely to further weigh down the local currency. On Friday, rupee declined by 13 paise […]

Copper prices extended further decline near two-year lows on recession fears coupled with resurfacing Covid worries. With lockdowns in China and mounting recession fears weighing on the commodity market, the industrial metal has experienced an immense amount of pressure from demand disruptions, driving prices back to levels last tested in November 2020. Copper is down 1.73% at $3.45 per pound. Asia Pacific stocks were down […]

During the June quarter, the standalone profit increased to Rs. 680 crores.

The Reserve Bank of India (RBI), by an order dated 7 July 2022, imposed a monetary penalty of Rs 5.72 crore on Federal Bank due to deficiencies in regulatory compliance.

Khan may succeed the current CEO in future

Housing Development Finance Corp is poised to become the first Indian borrower to benefit from the central bank's relaxed rules on external commercial borrowings by increasing its foreign borrowing to approximately $1 billion from $750 million previously.