News Overview

Improving risk sentiment aided gains in the Indian rupee that spurted by 42 paise to a nearly two-week high of 76.20 against the US dollar on Wednesday. Positive domestic equities and Asian currencies ahead of the US Federal rate hike decision, easing crude oil prices and weak dollar overseas pushed rupee higher. At the interbank forex market, the local unit opened at 76.40 against the […]

Godrej Industries has made further investment in Godrej Capital, its subsidiary on 16 March 2022. Consequently, the Company now holds 87.11% of the total paid up share capital of Godrej Capital. Powered by Capital Market – Live News

GlaxoSmithKline Pharmaceuticals has completed the transaction relating to sale of the Companys trademarks pertaining to Iodex and Ostocalcium brands in India to GlaxoSmithKline Asia. Powered by Capital Market – Live News

At meeting held on 16 March 2022

Business Wire IndiaMahila Money, Visa and Transcorp have teamed up to launch the Mahila Money Prepaid Card, a product created for women entrepreneurs to use digital payments more effectively. The partnership leverages the deep expertise of Visa, the global leader in payments, Transcorp PPI, and the highly engaged community of Mahila Money.   The Mahila Money Prepaid Card, in partnership with Visa, is designed with […]

The board will also consider recommending a final dividend for the financial year ending 31 March 2022.

JSW Steel announced that as a part of the Companys overall efforts of simplifying the group structure, the three overseas subsidiaries of the Company domiciled in the Republic of Mauritius, named below, which were acquired in the earlier years have undergone winding up and have been liquidated w.e.f 15 March 2022: 1) Arima Holdings 2) Erebus 3) Lakeland Securities Powered by Capital Market – Live […]

A sharp selloff was seen in MCX Crude oil futures today as global prices failed to hold onto their gains in Asia. The WTI Crude oil futures have tanked under $100 per barrel on heavy correction in last few days. Oil prices have declined around 30% after hitting 14 year highs. The latest slide seemed to be linked to a sharp spike in COVID-19 cases […]

COMEX Gold extended a correction from all time highs as worries over Indian demand trends and an imminent interest rate hike from the US Federal Reserve took hold of the sentiments. The metal also tracked a deep slide in crude oil prices. COMEX Gold had seen continued losses after falling under $2000 per ounce despite broad worries over Russia-Ukraine war. Indias Gold imports came in […]

India VIX slumped 9.77% as shares rally