News Overview

Crude oil tanked more than 5% yesterday as traders eyed weak global growth estimates. The IMF slashed global growth forecast for 2022 and 2023 by 0.8 percentage point and 0.2 point, respectively, to 3.6%. The downgrade largely reflects the wars direct impacts on Russia and Ukraine and global spillovers, said the report. WTI Crude lost out on this and also tracked soaring Chinese Covid-19 cases. […]

The company will make Enedyms SRM drive motors, controllers, and drive trains for the target applications exclusively in India with serial production expected to start in 2023.

Pomila brings 36 years of varied experience across segments of the oil & gas Industry encompassing operating, regulatory, and policy aspects of upstream and downstream industry.

COMEX Gold tanked in last session as profit booking hurt the metal following a test of the psychological $2000 level the previous session. Gold fell in tune with other commodities and was also hurt due to soaring US equities. The metal lost more than $25 per barrel before witnessing some support and currently trades at $1950 per ounce, down marginally on the day. MCX Gold […]

Sales rise 20.35% to Rs 581.53 crore

The International Monetary Fund (IMF) on Tuesday trimmed Indias economic growth forecast to 8.2% for FY23 from 9% estimated in January, citing the impact of high oil prices on consumer demand and private investments. The Fund also cut Indias FY24 growth forecast to 6.9% from 7.2% estimated earlier. Powered by Capital Market – Live News

The New residential construction in the US saw modest growth in the month of March, according to a report released by the Commerce Department on Tuesday. The report showed housing starts rose by 0.3 percent to an annual rate of 1.793 million in March after spiking by 6.5 percent to an upwardly revised rate of 1.788 million in February. Powered by Commodity Insights

L&T Infotech: The technology consulting and digital solutions company reported 4.1% rise in consolidated net profit to Rs 637.50 crore on 4% increase in revenue to Rs 4301.60 crore in Q4 March 2022 over Q3 December 2021. ACC: The cement majors consolidated net profit dropped 29.66% to Rs 396 crore on a 2.58% increase in net sales to Rs 4,322 crore in Q1 March 2022 […]

In the highly complex world of mutual fund flows, the one variable that is a clear indicator of retail participation is the folio growth. Folios are accounts and normally an investor in a mutual funds needs one unique folio number per AMC

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 88 points at the opening bell. The International Monetary Fund (IMF) has cut its growth forecast for India for FY23 by 80 basis points to 8.2%, warning that Russias invasion of Ukraine would hurt consumption and hence, growth, by way of higher prices. Global markets: Overseas, […]