News Overview

West Texas Intermediate crude bounced above $105 levels. Crude prices steadied around the levels as investors weighed up tightening Russian supplies and the prospect of dwindling fuel demand in China amid economic woes. Meanwhile, The EIA noted in its latest weekly update that US crude oil imports averaged 5.9 million barrels per day last week, up by 98,000 barrels per day from the previous week. […]

Company reported revenue of Rs4,936 crore in FY22, up by 3% yoy against FY21.

Varroc Engineering Ltd, General Insurance Corporation of India, Shriram Transport Finance Company Ltd and Mahindra Holidays & Resorts India Ltd are among the other gainers in the BSEs A group today, 29 April 2022.

Mphasis rose 1.66% to Rs 2,841.05 after the companys consolidated net profit jumped 9.61% to Rs 392.07 crore on a 4.92% increase in revenue from operations to Rs 3,277.67 crore in Q4 FY22 over Q3 FY22.

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.

This collaboration between GE Power Conversion and BHEL, characterizes the UK’s commitment to partner with India in support of India’s Atmanirbhar Bharat programme.

This is the single largest order finalized by any state utility in the country for AMISP.

On 02 May 2022

PNB Housing Finance posted 33.5% increase in consolidated net profit to Rs 169.54 crore in Q4 FY22 as against Rs 127.03 crore in Q4 FY21.

Equity indices edged higher and traded with modest gains in mid morning trade. The Nifty scaled the 17,300 mark. Pharma and financial shares rallied while media shares corrected for the second day running. Positive global cues boosted sentiment. At 10:26 IST, the barometer index, S&P BSE Sensex gained 299.48 points or 0.52% at 57,820.84. The Nifty 50 index rose 93.4 points or 0.54% at 17,338.65. […]