News Overview

Industrial output in South Korea climbed a seasonally adjusted 1.3 percent on month in March. On a yearly basis, industrial production climbed 3.7 percent – missing forecasts for an increase of 4.0 percent following the downward revised 6.3 percent increase in the previous month (originally 6.4 percent). The index of all-industry production was up 1.5 percent on month and 3.1 percent on year. The Manufacturing […]

Record date for IDCW is 04 May 2022

Anshul is an alumnus of the Indian Institute of Management- Lucknow (IIM- Lucknow).

Germanys inflation unexpectedly accelerated further in April to set a new high in over four decades, driven by runaway energy prices and increased production costs due to supply bottlenecks in the backdrop of the Russias invasion of Ukraine. The flash consumer price index rose 7.4 percent year-on-year following a 7.3 percent increase in the previous month. Compared to the previous month, the CPI rose 0.8 […]

First-time claims for U.S. unemployment benefits edged slightly lower in the week ended April 23rd. Initial jobless claims dipped to 180,000, a decrease of 5,000 from the previous weeks revised level of 185,000. Economists had expected jobless claims to slip to 180,000 from the 184,000 originally reported for the previous week. A reading on the number of people receiving ongoing unemployment assistance, edged down by […]

U.S. economic activity unexpectedly contracted in the first quarter of 2022. The real gross domestic product declined by 1.4 percent in the first quarter after spiking by 6.9 percent in the fourth quarter of 2021. The unexpected drop in GDP reflected decreases in private inventory investment, exports, and government spending along with an increase in imports, which are a subtraction in the calculation of GDP. […]

The move will give a boost to EV adoption in the state.

Gold is trying to find some balance after recent spate of losses but a firm US dollar index is capping gains. The yellow metal is currently trading up 0.54% at $1901 per ounce. Demand remains well supported in broad terms. According to latest Gold Demand Trends from the World Gold Council (WGC), World Gold demand (excluding OTC) was 34% higher year-on-year in Q1 2022, driven […]

The Indian rupee pared initial losses to settle 4 paise higher at 76.53 against the US dollar on Thursday, tracking positive domestic equities. However, the appreciation bias in the local unit is likely to be capped in the near term amid strong American currency, inflationary concerns and fears about an aggressive pace of the US rate hikes. At the interbank forex market, the rupee opened […]

Axis Bank: Axis Banks net profit rose 54% to Rs 4,117.77 crore on 16% increase in total income to Rs 21,999.58 crore in Q4 March 2022 over Q4 March 2021. Vedanta: Vedanta reported 10% drop in consolidated net profit to Rs 5,799 crore on a 41% increase in revenue from operations to Rs 39,342 crore in Q4 FY22 over Q4 FY21. The companys board has […]