News Overview

December saw the recovery in the German economy stall. The seasonally adjusted Germany Composite PMI Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, registered 49.9 in December. This was down from 52.2 in November and broadly in line with the 50.0 no-change threshold. A slightly faster rise in manufacturing output during the month was offset […]

COMEX Gold futures stayed supported after a drop under $1800 per ounce at the start of the New Year. The sustained selling pressure in Bitcoin, which lingers around $46000 mark is capping downside for Gold. The leading cryptocurrency has been under stress following the drop under $50000 level. Gold is also witnessing buying support on firm Indian demand trends. COMEX Gold futures are currently quoting […]

MSTC has received reaffirmation in credit ratings from Acuite Ratings & Research as under: Long term bank facilities (Rs 58.25 crore)- Acuite A+; Stable Short term bank facilities (Rs 275 crore) – Acuite A1+ Powered by Capital Market – Live News

Business Wire India CellPoint Digital, a leading global provider of digital commerce and payment solutions, today announced an equity financing round of $25M provided byToscafund and its private equity arm, Penta Capital, to build on a series of major successes in recent years.   The move follows a series of investments by Toscafund and Penta Capital into CellPoint Digital following their initial investment in 2019 […]

COMEX Gold futures stayed supported after a drop under $1800 per ounce at the start of the New Year. The sustained selling pressure in Bitcoin, which lingers around $46000 mark is capping downside for Gold. The leading cryptocurrency has been under stress following the drop under $50000 level. Gold is also witnessing buying support on firm Indian demand trends. COMEX Gold futures are currently quoting […]

From CARE

The rating reaffirmation continues to factor in PNB Gilts Limited’s strong parentage in the form of Punjab National Bank.

Although IT stocks witnessed a steep selloff, the impact was overpowered by outperformance seen in banking, financials, auto, metals and oil & gas stocks.

On fund-based/Non-fund based Limits of the company ICRA A (Stable) / ICRA A2+ rating has been assigned.

The commitments on emission control made by India at the recent Glasgow COP26 summit are expected to benefit the country in the long-term with new technologies in energy efficiency, carbon reduction and green fuels etc