News Overview

The US stock market finished session steep lower on Tuesday, 01 March 2022, as risk aversion selloff triggered across the board amid deepening Russia-Ukraine crisis and stirring anxiety among investors. At the close of trade, the Dow Jones Industrial Average index declined 597.65 points, or 1.76%, to 33,294.95. The S&P500 index was down 67.68 points, or 1.55%, to 4,306.26. The tech-heavy Nasdaq Composite Index sank […]

The board approved Expansion and Modernization of Plant of the Company at a budget of Rs250 crore. Approx.

Nodwin Gaming acquires 5,100 equity shares of Rs10/- each of Rusk Distribution and paid a total consideration of Rs51,000.

The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 crore, SGST is Rs 30,779 crore, IGST is Rs 67,471 crore (including Rs 33,837 crore collected on import of goods) and cess is Rs 10,340 crore (including Rs 638 crore collected on import of goods). The government has settled Rs 26,347 crore to CGST […]

India’s economy grew by 5.4% in Q3 FY22 after exhibiting 8.5% growth in Q2 and 0.7% in same quarter last fiscal, bringing to the fore pain points inherent as we enter the third year of pandemic

Australias gross domestic product or GDP rose by a seasonally adjusted 3.4% on quarter in the fourth quarter of 2021, the Australian Bureau of Statistics said on Wednesday. This followed the 1.9% contraction in the three months before. On a yearly basis, GDP gained 4.2%, up from 3.9% in the third quarter. Real net national disposable income rose 1.7%, while the terms of trade fell […]

Sentiments look very weak for the Indian Rupee as risk appetite has been hit badly by the intensity of the Russia-Ukraine war and equities are in a full downswing. The US dollar index is firmly above 97 mark. Indian Rupee rose marginally amid supportive cues from local equities in last session. The INR closed at 75.35 per US dollar, up 2 paise on the day. […]

The US manufacturing activity picked up in February as COVID-19 infections subsided, though hiring at factories slowed, contributing to keeping supply chains snarled and prices for inputs high. The Institute for Supply Management (ISM) said on Tuesday the outlook for manufacturing over the next two months was favorable, noting that backlog orders last month grew by the most in 11 years. Factories also reported strong […]

The issue of high rates of VAT rates is being addressed in close cooperation with the state governments with his consistent pursuance with the respective chief ministers.

Crude oil futures are on a boil as Russia intensified its attack on Ukraine and more curbs were announced at the global scale against the invading nation. WTI Crude oil broke above $100 per barrel to approach highest level in nearly eight years. The counter soared by around a double digit mark yesterday and soared further by 5.50% today to hit $109 per barrel level […]