News Overview

Equity indices saw gap-down opening and traded with losses in early trade amid negative global cues. The Nifty traded below the 17,100 level. At 9:20 IST, the S&P BSE Sensex fell 390.73 points or 0.68% to 56,965.13. The Nifty 50 index declined 113.55 points or 0.66% to 17,087.25. The broader market traded with losses as well. The S&P BSE Mid-Cap index fell 0.29% while the […]

Schaeffler India reported 48.4% increase in net profit to Rs 207.1 crore on a 19% rise in total revenue to Rs 1,567.5 crore in Q1 CY2022 over Q1 CY2021.

New green development center will foster technology and R&D for automotive, media and telecom industries.

The overall profit in Q4FY22 logged growth of 19.7% as against the previous corresponding quarter.

Board of Directors have recommended a Final Dividend of Rs1.5 per share taking the total dividend to Rs2.4 per share for the Financial Year 2021-2022.

Biocon Biologics' Insugen formulations will be available to patients at all Ministry of Health Hospitals, districts health offices and health clinics.

The company has reported a revenue of Rs1,073 crore in Q4FY22 as against Rs974 crore in Q4FY21, up by 10.16% yoy.

Ashoka Buildcon has entered into a Share Purchase Agreement (SPA) with National Investment and Infrastructure Fund (NIIF) and GVR Ashoka Chennai ORR (CORR) for the sale of 18,90,00,000 equity shares in CORR, constituting 100% of the share capital of CORR, from the Company to NIIF for an aggregate financial consideration of Rs.686 crore subject to adjustment of cash and working capital, discharge of sponsor loans, […]

COMEX Copper fell near a three month low of $4.40 per pound amid heavy selling in US equities. Economic cues were also weak. The Conference Board released a report on Tuesday showing a modest decrease in US consumer confidence in the month of April. The Conference Board said its consumer confidence index edged down to 107.3 in April from an upwardly revised 107.6 in March. […]

WTI Crude oil futures are holding above $100 per barrel after a China induced tumble earlier in the week. In China lockdowns to counter COVID in Shanghai have dragged into their fourth week. Meanwhile orders for mass testing, including in Beijings largest shopping district, have prompted fears of other Shanghai-style lockdowns. However, escalating Russia-Ukraine war is keeping Oil supported. The commodity is holding up despite […]