News Overview

Cement production is expected to increase by 18-20% in FY2022 and is expected to surpass pre-Covid levels (FY2020) by around 6%.

Proceeds from the fresh issue will be used to repay/prepay — Rs112.5 crore of its borrowings and will be used for general corporate purposes.

Sales rise 17.10% to Rs 27.32 crore

The key equity barometers ended with modest losses on Wednesday. The market opened with strong gains, but slipped as the session progressed. After hitting a high of 17,442.40 in initial deals, the Nifty 50 reversed trend and hit a low of 17,199.60 in afternoon trade. Banks, autos and financial stocks were under pressure. Metal shares bucked the weak market trend. The barometer index, the S&P […]

Concerns regarding higher crude oil prices continue to weigh down the Indian rupee that weakened towards 76.30 against the dollar. The rupee on Wednesday, pared initial gains to settle 14 paise lower at 76.32 (provisional) against the US dollar due to month-end dollar demand from importers and rising crude prices amid geopolitical uncertainties. Crude oil prices crossed $110 per barrel amid fears of prolonged supply […]

According to a latest update from the US EIA, the United States has imported a relatively small share of crude oil from Russia, but US imports of petroleum products from Russia—namely, unfinished oils and fuel oil—is a larger share. US refineries use imported unfinished oils and fuel oil as a supplement to crude oil in the refining process. On March 8, President Biden announced a […]

Madhulika will be acting as the chairman and managing director of the company.

Today over 89% of retail loans are sourced online up from less than 20% before the Covid-19 pandemic.

Japan share market finished session higher on Wednesday, 23 March 2022, extending gains for seventh straight session on tracking positive lead from Wall Street overnight and yen depreciation to 121 level against greenback.. At closing bell, the 225-issue Nikkei Stock Average advanced by 816.05 points, or 3%, to 28,040.16, its highest level since Jan. 18. The broader Topix index of all First Section issues on […]

Rajneesh is a fellow member of the Institute of Chartered Accountants of India (ICAI) and holds a degree in Masters in Financial Management.