News Overview

New York manufacturing activity unexpectedly contracted in the month of May, according to a report released by the Federal Reserve Bank of New York. The New York Fed said its general business conditions index plunged to a negative 11.6 in May from a positive 24.6 in April. A negative reading indicates a contraction in regional manufacturing activity. Looking ahead, the New York Fed noted firms […]

VIP Industries rose 3.32% to Rs 607.95 after the company reported consolidated net profit of Rs 12.39 crore in Q4 FY22 compared with net loss of Rs 3.78 crore in Q4 FY21.

The Nifty Metal outperformed by 2.3%, while Nifty Oil & Gas and Nifty Media surged by more than 1% each.

Vedanta Ltd has lost 29.5% over last one month compared to 19.26% fall in S&P BSE Metal index and 8.66% drop in the SENSEX

Benchmark indices opened higher and traded with moderate gains in early trade. Domestic sentiment was positive amid upbeat global cues. The Nifty traded above the 15,950 level. All the sectoral indices on the NSE traded in the green. At 09:19 IST, the barometer index, S&P BSE Sensex was up 288.58 points or 0.54% to 53,262.42. The Nifty 50 index rose 111.25 points or 0.70% to […]

RBL Bank has completed its first issuance of Basel III compliant unsecured and subordinated Tier 2 Notes aggregating to US$ 100 million with a tenor of 117 months to United States International Development Finance Corporation (DFC), Americas development finance institution. The Tier 2 issuance increases the Banks Total Capital Adequacy Ratio to 17.85%, enhancing the Banks overall capital adequacy. This is DFCs first investment in […]

In A Group

The acquisition will help the Company in its foray into the e-commerce and fintech space.

Civil business has secured orders in the residential, hydrocarbon and data centre segments in India.

The company is setting up a greenfield plywood manufacturing unit with the capacity of 13.5 million Sqm p.a. at district Sandila, Lucknow, U.P.