News Overview

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 […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 17 points at the opening bell. On the macro front, Indias industrial growth, as per the Index of Industrial Production (IIP), edged up to 1.7% in February from 1.5% in January, government data released yesterday showed. Indias retail inflation jumped to a 17-month high of 6.95% […]

In Jan-22, CPI inflation crossed 6% after a gap of 7 months and has since stayed above 6%. In 5 out of the last 11 months, CPI inflation was above 6%, which is the RBI outer tolerance limit. However, Mar-22 also marks the 30th successive month that retail inflation stayed above the RBI median target of 4%.

Russia has offered to pay the dues in equivalent roubles deposited in the account but S&P still calls it a default. From Russia’s side, they have refused to accept it as a default since it was artificially caused by US sanctions. Russia has clarified that it is willing to pay, but its hands are tied by the sanctions.

Expect a stable quarter from the company

Sales rise 60.27% to Rs 112.51 crore

Sales rise 26.17% to Rs 20.01 crore

Sales rise 22.90% to Rs 19.43 crore

Sales rise 2.30% to Rs 448.79 crore