News Overview

Capco, a Wipro company, will provide strategic management and technology consulting services to Middle Eastern financial services firms.

Today, the price of ten grams of 22-carat gold is Rs 50,300

PFL will look at inorganic investments for business expansion. Five other bidders have also shown interest in the business.

On NSE, the IT, Consumer Goods, Metal, FMCG index were under selling pressure has plunged between 0.7-0.1%.

According to the statement, the funds will be used, among other things, to fund capital expenditures, refinance current debt, and other general business purposes

TGP Capital will be selling 10-11% of its stake in RR Kabel through an initial public offer (IPO). The company is planning to file DRHP in May 2023.

FPI flows in November 2022 marked a sharp bounce back as nearly $4.45 billion were infused into Indian equities by these global investors. This was a welcome relief after two months of tepid flows from FPIs.

The company intends to invest around Rs 100 crore over the next 5 years.

Fed Chairman Jerome Powell has the art of mixing good news with bad news. Announcing the Fed statement of the last FOMC meeting on 14th December, Jerome Powell hiked rates by just 50 bps as was already expected.

The project cost is Rs1061.00 crore and the completion period is 26 months.