News Overview

Broad strength in dollar overseas is expected to add pressure on the Indian rupee in opening trades on Monday. The greenback gained appeal as safe haven currency as protests against COVID restrictions in China stoked uncertainty and dented sentiment. Against a basket of currencies, the U.S. dollar index was down 0.08% at 106.25, but off its recent three-month low of 105.30. On Friday, rupee settled […]

Zydus Lifesciences U.S. subsidiary Zydus Pharmaceuticals (USA) Inc. has received tentative approval from the United States Food and Drug Administration (USFDA) to market Levothyroxine Sodium for injection, 100 mcg/vial, 200 mcg/vial, and 500 mcg/vial (USRLD: Levothyroxine Sodium injection manufactured by Fresenius Kabi USA, LLC). Levothyroxine Sodium injection is indicated for the treatment of myxedema coma. Levothyroxine Sodium injection had annual sales of USD 45.2 mn […]

Copper prices dropped nearly 2% in early Asia on Monday tracking a firm dollar amid unrest over zero-covid policy and renewed COVID-19 lockdowns in China. China is facing a wave of civil disobedience over its strict zero-COVID policy, with demonstrators and police clashing in several major cities amid growing public discontent over lockdown measures. This also dented Chinas appetite for commodity imports, hurting copper prices. […]

Gold drifted lower as dollar demand as safe haven rose amid civil disobedience in China over its strict zero-COVID policy, with demonstrators and police clashing in several major cities amid growing public discontent over lockdown measures. Against a basket of currencies, the U.S. dollar index was down 0.36% at 106.30, but off its recent three-month low of 105.30. COMEX gold is currently lower by 0.26% […]

Foreign investors may again provide buying support today

Crude oil prices tumbled to its lowest level in 11 months on Monday amid rising COVID cases in China and ensuing lockdowns that escalated worries of increased economic disruptions in the worlds largest crude importer. China witnessed a record number of coronavirus cases for the third consecutive day on Saturday, with infections surpassing 35,000 despite large-scale lockdowns under the stringent Zero-Covid policy, triggering rare protests […]

The Committee of Directors of Indus Towers Limited for Fund raising in its meeting held on November 25, 2022, has, approved the offering of NCD's of total up to Rs1,500 crore.

The US stock market closed shortened lacklustre trade in mixed fashion on Friday, 25 November 2022. The lacklustre performance on Wall Street came as many traders remained away from their desks following yesterdays holiday. At the close of trade, the Dow Jones Industrial Average index advanced 152.97 points, or 0.45%, to 34,347.03 The S&P500 index was down 1.14 points, or 0.03%, to 4,026.12. The tech-heavy […]

Hero MotoCorp: Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective from 1 December 2022. The price increase will be up to Rs 1500 and the exact quantum of increase will vary by specific models and markets. Indian Energy Exchange (IEX): The board of Indian Energy Exchange (IEX) on Friday, 25 November 2022, approved a share buyback […]

Dharmaj Crop Guard IPO of issue size Rs 251 crore is opening on November 28 and closing on November 30. The company will be selling its shares at the price band of Rs 216-237 apiece.