News Overview

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The Indian rupee is likely to stay listless on Wednesday, 13 April 2022 in a truncated trading week with stock markets remaining closed on Thursday, 14 April 2022 on account of Mahavir Jayanti / Dr.Baba Saheb Ambedkar Jayanti. Markets will also remain closed on Friday, 15 April 2022 due to Good Friday. Besides, Indias industrial growth, as per the Index of Industrial Production (IIP), edged […]

Additionally, the financial creditors of RFT will get 10% of the equity shares of RFT towards the part conversion of their loan.

COMEX Copper futures bounced from a three week low amid supportive Asian equities today. The red metal is tracking some positive developments in China as Covid related lockdowns are eased a bit. COMEX Copper has soared 1% to $4.74 per pound today. Chinas bank lending increased notably in March, data from the Peoples Bank of China showed on Monday. Bank extended CNY 3.13 trillion local […]

COMEX Gold shot up last night on spike in US inflation. The Labor Department said its consumer price index surged by 1.2 percent in March after climbing by 0.8 percent in February. The jump in consumer prices came as gasoline prices skyrocketed by 18.3 percent, accounting for over half of the monthly increase. Food prices also shot up by 1.0 percent. Meanwhile, the report showed […]

The Reserve Bank of New Zealand raised its official cash rate (OCR) by 50 bps to 1.5% during the April meeting. This was the fourth straight rate hike, amid soaring inflation. The board mentioned that annual CPI is expected to peak around 7% in H1 2022 and the path of least regret is to increase the OCR by more now, rather than later, to head […]

Infosys: Infosys will release its quarterly earnings today, 13 April 2022. Tata Steel: Tata Steel Mining (TSML), an unlisted wholly-owned subsidiary of Tata Steel (Company), has successfully completed the acquisition of controlling stake of 90% in Rohit Ferro-Tech (RFT) in accordance with the approved Resolution Plan under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code 2016 (IBC). ICICI Bank: The board […]

The private sector lenders board will consider fund raising on 23 April 2022.

EIA noted yesterday that the Brent crude oil spot price averaged $117 per barrel (b) in March, a $20/b increase from February. Crude oil prices increased following the further invasion of Ukraine by Russia. Sanctions on Russia and other actions contributed to falling oil production in Russia and created significant market uncertainties about the potential for further oil supply disruptions. These events occurred against a […]