News Overview

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.

ICRA has considered the financial performance of the company while considering the ratings.

Vishal Fabrics Ltd, Repro India Ltd, Superhouse Ltd and Shivalik Bimetal Controls Ltd are among the other gainers in the BSEs B group today, 13 January 2022.

The supply order is for over a period of 3 years from one of the largest Tier-1 manufacturers in North America in the CV segment.

Currently, coworking spaces charge a GST of 18% to all clients and this is a big impact to startups.

The January edition of World Agricultural Supply and Demand Estimates (WASDE) of the USDA noted yesterday that the 2021/22 global wheat outlook is for stable supplies, decreased consumption, reduced exports, and increased stocks. Production increases in Argentina and the EU are offset by decreased production in Brazil and Paraguay and lower beginning stocks for Russia. Argentina’s production is increased 0.5 million tons to a record […]

InvaGen Pharmaceuticals, USA is a wholly owned step down subsidiary of Cipla.