News Overview

The equity benchmarks ended with decent gains on Tuesday, rising for the sixth trading session. The buying was supported by positive global cues and falling crude oil prices. FMCG, consumer durables and metal shares were in demand. Autos, PSU banks and realty shares were under pressure. The barometer index, the S&P BSE Sensex, added 177.04 points or 0.28% to 62,681.84. The Nifty 50 index gained […]

The Indian rupee gave up initial gains to settle lower by 3 paise at 81.71 (provisional) against the US dollar on Tuesday. Rising crude oil prices in the international market weighed on forex market sentiment. However, a firm trend in domestic equities and a weak American currency overseas capped the losses in the local unit. At the interbank foreign exchange market, the local unit opened […]

UK mortgage approvals declined to a 28-month low in October as rising interest rates started to hurt housing market activity, official data revealed. Approvals for house purchases, an indicator of future borrowing, declined more-than-expected to 58,977 in October from 65,967 in September, the Bank of England data showed. Secured lending decreased to GBP 3.96 billion in October from GBP 5.87 billion in the previous month. […]

The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e&8377;-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI had launched the first pilot in the digital rupee – wholesale segment. Announcing the operationalisation of Central Bank Digital Currency – Retail (e&8377;-R) Pilot, the RBI said […]

Business Wire India Over 6.97 million sq. ft of space leased to startups in H1 2022 Gross leasing for startups jumped from 17% in 2021 to 28% in H1 2022 Delhi NCR witnessed leasing go up from 0.80 million sq. ft in 2021 to 1.96 million sq. ft in H1 2022 Bengaluru continues to be the leader in startup leasing activity ​ Startups are fuelling […]

RIL, HDFC Bank and Infosys were the top traded contracts.

Eurozone Economic Sentiment Indicator (ESI) rose from 92.7 to 93.7 in November, the first increase since February. Industrial confidence dropped from -1.2 to -2.0. Services confidence rose from 2.1 to 2.3. Consumer confidence rose from -27.5 to -23.9. Retail trade confidence was unchanged at -6.7. Construction confidence dropped from 2.6 to 2.3. Employment Expectation Indicator rose from 105.4 to 107.4. Economic Uncertainty Indicator dropped from […]

Krishna Institute of Medical Sciences has made a further investment by acquiring an additional equity stake of 7.79% in Arunodaya Hospitals , its subsidiary on 28 November 2022. Consequently, the Company now holds 65.62% of the total paid-up Equity Share capital of Arunodaya Hospitals. Powered by Capital Market – Live News

Aditya Birla Sun Life AMC (ABSLAMC) has been granted approval by IFSCA on 28 November 2022 to act as ?Registered Fund Management Entity (NonRetail)? and carry out Alternative Investment Fund (AIF) and Portfolio Management Services (PMS) through a branch office in International Financial Services Centre (IFSC) in India. ABSLAMCs move to set up a new unit at the Gujarat International Finance Tec-City (GIFT City) is […]

The Reserve Bank of India (RBI) announced that it will launch the first pilot for retail digital Rupee (e&8377;-R) on 1 December 2022. The pilot will cover select locations in closed user group (CUG) comprising participating customers and merchants. The e&8377;-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency […]