News Overview

On 10 May 2022

Nifty IT outperformed counterparts by gaining over 200 points amid US technology stocks.

Voltas Ltd has lost 6.14% over last one month compared to 3.16% fall in S&P BSE Consumer Durables index and 5.96% drop in the SENSEX

SBI Cards and Payments Services on Tuesday announced that Nalin Negi has tendered his resignation from the post of chief financial officer (CFO) of the company.

Tata Steel rose 1.84% to Rs 1295.10 after the companys consolidated net profit rose 46.84% to Rs 9756.20 crore on 38.57% rise in turnover to Rs 69,324 crore in Q4 March 2022 over Q4 March 2021.

China share market closed on Wednesday, 04 May 2022, for Labor Day national holiday. Hong Kong stocks fell on Wednesday, after the city reported that its economy contracted in the first quarter of the year. Asian stock market were mostly lower on Wednesday, 04 May 2022, as investors largely staying cautious and refraining from making significant moves ahead of Federal Reserves monetary policy announcement due […]

Oil prices see advance to above $103 per barrel, amid news that European Union is working on fresh sanctions against Russia and as China demand slowdown fears slowly ease. WTI crude oil futures fell to $100 levels at the start of the week. The American Petroleum Institute (API) reported a larger-than-anticipated draw this week for crude oil of 3.479 million barrels. US crude inventories have […]

Adani Enterprises announced that its step down subsidiary, Mumbai International Airport (MIAL), which owns and operates the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, the second largest airport in India has successfully raised USD 750 million senior secured private placement notes from Apollo-managed credit funds. Apollos Credit business was able to provide a scaled, long-term capital solution for MIAL, with the majority of proceeds […]

Britannia Industries Ltd has added 6.7% over last one month compared to 4.03% gain in S&P BSE FMCG Sector index and 5.95% drop in the SENSEX

Ageas Federal’s total premium rose by 13% to INR 2,207 crore in FY 2021-22 from INR 1,959 crore in FY2020-21. The growth was driven by a 27% rise in Individual New Business Premium to INR 639 crore and 5% rise in renewal premium to INR 1,391 crore.