News Overview

Here is the stock market performance at 11:30 AM today.

On 20 January 2022

To convert GTPL household connects into AI-enabled smart wi-fi access points

On 21 January 2022

GTPL Hathway rose 11.34% to Rs 299.50 after the company said it partnered with Aprecomm to bring innovation to customer experience with network intelligence.

The company will have 51,000 equity shares and Beetel 49,000 equity shares in the JVC.

Company estimates further investment approx. Rs100cr to reach the target of 100 stores at PAN India Level.

The 1st advance estimate (AE) of GDP for FY22 indicates GDP growth at 9.2% and GVA growth estimate is 8.6%. Nominal GDP growth is a whopping at 17.6%. Notably, this is the second highest nominal growth achieved with 19.9% nominal growth registered in 2010-11 and 17.1% growth in 2006-07. The data indicates that the overall GDP growth is 1% above of the pre-pandemic level (FY20). Almost all sectors except ‘trade, hotels, transport, communication & services related to broadcasting’ (which are still 8% below the pre-pandemic level) reached the pre-pandemic level (on constant prices).

Indias benchmark 10-year government bond yield rose to its highest level in nearly two years at 6.56%, following a rally in US treasury yields. Long term treasury yields in the US are trading at a year high at 1.76% after FOMC minutes showed the Fed might hike interest rates sooner than anticipated. Meanwhile, the Reserve Bank of India kept the interest rate at a record […]

SBI Cards and Payment Services fell 2.12% to Rs 908.50 after a foreign brokerage reportedly initiated coverage on the scrip with a Sell rating and a price target of Rs 654.