News Overview

The WTI Crude oil futures stayed under stress amid weak equities and a modest rebound in the US dollar. WTI Crude has dropped this week, witnessing sustained losses after a break under $80 per barrel. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, together called OPEC+ have held their output targets steady ahead of a European Union ban and a price […]

Today’s policy announcement provides a soft support for the rupee ahead of the Fed meeting next week and can be viewed perhaps as an attempt by the RBI to continue aligning itself with the still hawkish G7 central banks: Abheek Barua, Chief Economist and Executive Vice President, HDFC Bank

Chinas exports and imports fell more than expected in November as strict Covid restrictions continued to disrupt supply chains as well as consumption, further darkening the growth outlook for the biggest Asian economy amid signs of an imminent global recession. Chinese shipments registered an annual decrease of 8.7 percent in November, data from the General Administration of Customs revealed. Likewise, imports to China decreased the […]

Hikal rallied 7.49% to Rs 377.35, extending gains for the fifth trading session.

Hindustan Unilever Ltd is quoting at Rs 2700.45, up 1.73% on the day as on 12:49 IST on the NSE. The stock is up 15.37% in last one year as compared to a 6.37% jump in NIFTY and a 21.36% jump in the Nifty Financial Services index.

Business Wire India Z Capital Partners, L.L.C., the private equity fund management arm of Z Capital Group, L.L.C. (“ZCG”), a leading privately held merchant bank, today announced that affiliates of ZCG have acquired Universal Marine Medical Supply International (“Unimed” or the “Company”), the leading global provider of pharmaceutical and medical solutions to the maritime industry, serving both commercial and cruise end markets. Financial terms of […]

Microsoft Azure offers essential compute, storage and networking resources on demand, on a pay-as-you-go-basis.

Union Minister of State (Independent Charge) Science & Technology, Dr Jitendra Singh said, India will make significant investment in R&D to develop a roadmap for design and delivery of vaccine development for future pandemic. In his message to the two-day International meet on ?Preparedness for Future Epidemics: Is India ready to meet the CEPI 100 days vaccine challenge??, Singh said, while efforts are still on […]

Punjab National Bank is quoting at Rs 55.5, up 0.09% on the day as on 12:44 IST on the NSE. The stock is up 41.04% in last one year as compared to a 6.31% spurt in NIFTY and a 15.52% spurt in the Nifty Bank.

Bank of India is quoting at Rs 93.6, up 3.65% on the day as on 12:44 IST on the NSE. The stock is up 70.8% in last one year as compared to a 6.31% spurt in NIFTY and a 55.05% spurt in the Nifty Pharma.