News Overview

On 21 January 2022

The US EIA noted yesterday that crude oil prices will fall from 2021 levels. In the fourth quarter of 2021, the price of Brent crude oil, the international pricing benchmark, averaged $79 per barrel (b). EIA forecasts that the price of Brent will average $75/b in 2022 and $68/b in 2023. The declining prices are driven by a shift from global petroleum inventory declines during […]

These five securities derivatives’ contracts have crossed 95% of the market-wide position limit, and hence NSE banned any further such contracts.

Also, steps must be taken to make the industry more technologically smart the ongoing pandemic has made us all realize how important technological aspects are for any business to run successfully, the company's founder said.

State Bank of India has concluded the issue of USD 300 million Senior Unsecured Fixed Rate Notes having maturity of 5 years and coupon of 2.49 percent payable semi-annually under Regulation-S. The Bonds will be issued through the Banks London Branch as of 26 January, 2022 and shall be listed on Taipei Exchange (TPEx), Singapore stock Exchange and India International Exchange, GIFT City. Powered by […]

RattanIndia backed Revolt Motors announced the expansion of its retail presence in Uttar Pradesh. The company opens its first store in Lucknow, Uttar Pradesh region and it is the 20th dealership store across the country. Last month Revolt Motors opened three retail stores in Kolkata, Madurai and Coimbatore. All the new stores will be set up by retail partners across the key cities and it […]

As the direct and indirect tax collections are picking up, we are excepting that the government to achieve its budgeted fiscal deficit target for FY22, in spite of miss on budgeted divestment revenue target (as per the current run-rate).

Here is the stock market performance at 12:30 PM today.

The domestic equity barometers traded near the flat line with some positive bias in afternoon trade. The Nifty was trading above the 18,200 mark after hitting a low of 18,163.80. Auto, banks and financial stocks corrected while metal, pharma and healthcare shares advanced. At 12:24 IST, the barometer index, the S&P BSE Sensex, was up 46.57 points or 0.08% to 61,196.61. The Nifty 50 index […]

TVS Motor Company rose 1.01% to Rs 661.25 after the company announced a strategic partnership with Swiggy, Indias leading on-demand delivery platform.