News Overview

Russias central bank unexpectedly slashed its key rate by 300 basis points on Friday, citing challenging external conditions. At an unscheduled meeting, the Board of Directors of Bank of Russia decided to cut the benchmark rate to 17.00 percent from 20.00 percent. The bank said todays decision reflects a change in the balance of risks of accelerated consumer price growth, decline in economic activity and […]

Lemon Tree Hotels announced the opening of Keys Lite by Lemon Tree Hotels, Tapovan, Rishikesh. This is the second property of the group in the city, strategically located near the Holy Ganges River, on the Badrinath road. Powered by Capital Market – Live News

IDFC First Bank has receives credit ratings from CRISIL as under: Rs 3000 crore Tier II Bonds (Under Basel III) – CRISIL AA/Stable (Assigned) Rs.2000 crore Tier II Bonds (Under Basel III) – CRISIL AA/Stable (Reaffirmed) Rs.50000 crore Fixed Deposits – F AAA/Stable (Reaffirmed) Rs.45000 crore Certificate of Deposits – CRISIL A1+ (Reaffirmed) Powered by Capital Market – Live News

Japan share market finished session higher on Friday, 08 April 2022, as risk sentiments underpinned by tracking overnight gains on Wall Street. Meanwhile, shares were additionally supported by dip-buying after steep losses in previous two sessions. Market gains were, however, capped amid concerns that the extension of a COVID-19 lockdown in Chinas financial hub of Shanghai may hamper the countrys economic recovery as well as […]

Bank of Maharashtra has reviewed the Marginal Cost of Funds based Lending Rate with effect from 08 April 2022 as under: Overnight – 6.70% One month – 6.80% Three month – 7.10% Six month – 7.15% One year – 7.25% Further, Repo Linked Lending Rate (RLLR) is kept unchanged at 6.80% p.a. Powered by Capital Market – Live News

Lacosamide injection is indicated for the prevention and control of seizures. It is an anticonvulsant / antiepileptic drug.

Nifty Metal index ended up 2.07% at 6755.55 today. The index has gained 12.00% over last one month. Among the constituents, JSW Steel Ltd rose 3.92%, Adani Enterprises Ltd jumped 3.43% and Welspun Corp Ltd fell 3.26%. The Nifty Metal index has soared 50.00% over last one year compared to the 19.57% increase in benchmark Nifty 50 index. In other indices, Nifty FMCG index gained […]

It is noteworthy that the India-Australia ECTA (Economic Cooperation and Trade Agreement) is a first trade agreement of India with a developed country after more than a decade.

The broader BSE Midcap and Smallcap indices rose in tandem with the frontline indices and closed 0.9 per cent higher each.

RBI noted today that since the MPCs meeting in February 2022, the global economic and financial environment has worsened with the escalation of geopolitical conflict and accompanying sanctions. Commodity prices have shot up substantially across the board amidst heightened volatility, with adverse fallouts on net commodity importers. Financial markets have exhibited increased volatility. Crude oil prices jumped to 14-year high in early March; despite some […]