News Overview

Gold cut losses after rising US treasury yields weighed on the metal. The COMEX Gold futures fell to a one week low near $1800 per ounce following profit booking after a latest surge. However, weak US equities capped the losses and the counter moved up. The US stocks tanked on Tuesday. NASDAQ fell to a three month low. MCX Gold closed in green with weak […]

Towards prepayment of all deferred spectrum liabilities

Copper stayed under pressure yesterday amid mostly tepid economic cues. The US Builders in the single-family housing market are facing growing expenses, which is causing a turnaround in sentiment to start the year. Builder confidence fell one point to 83 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything above 50 is considered positive, but that is […]

Jubilant Foodworks has launched the iconic US Fried Chicken brand Popeyes? in India, with the grand opening of its first restaurant in Bengaluru today. Popeyes?, best known for its spicy New Orleans style fried chicken & Chicken Sandwich, aims to delight Indian guests with the bold and delicious flavours of its Louisiana-style chicken. Powered by Capital Market – Live News

OPEC stated in its monthly update for January 2022 that world oil demand growth in 2021 is unchanged from last month’s assessment at 5.7 mb/d to average 96.6 mb/d. An upward revision in 4Q21, amid better-than-anticipated transportation fuel consumption in the OECD, was offset by a downward revision in 3Q21 given the latest actual data. Oil demand growth in the OECD is estimated to have […]

Spiking US treasury yields has lifted the dollar with all focus next weeks meeting of the U.S. Federal Reserve, which is highly anticipated to signal a rate hike in March for the first time in more than three years. The dollar index stayed firm in early Asian trades, after posting its best daily gain in two weeks in the previous session and rising to a […]

Bajaj Finance: The NBFC major posted an 85% jump in consolidated net profit to Rs 2,125.2 crore on a 28% increase in total income to Rs 8,535.06 crore in Q3 FY22 over Q3 FY21. L&T Technology Services (LTTS): The IT major reported 8.2% rise in consolidated net income to Rs 248.8 crore in Q3FY22 over Q2FY22. Revenue rose 5% to Rs 1687.50 crore. LTTS announced […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 19 points at the opening bell. Global markets: Overseas, Asian stocks are trading lower on Wednesday following an overnight sell-off on Wall Street. US stocks fell sharply Tuesday as government bond yields hit Covid-era highs and after Goldman Sachs reported disappointing earnings. Microsoft announced that the […]

Sales rise 33.18% to Rs 635.41 crore

Sales decline 14.05% to Rs 294.11 crore