News Overview

Positive equities are expected to support the Indian rupee in early trades on Tuesday, although strength in the dollar overseas could add some pressure on the currency. Overseas, Asian stocks are mostly trading higher on Tuesday as investors weighed Chinas economic outlook and the Federal Reserves interest-rate path. The dollar index was higher after falling 4% last week, marking its biggest weekly drop since March […]

This collaboration will leverage the strong brand presence and wide sales and distribution network of Voltas.

On Monday, the Reserve Bank fined multiple co-operatives and other banks a total of about Rs12 lakh for violating different banking regulations.

The management company for Mindspace REIT, K Raheja Corp Investment Managers LLP, approved a payout of Rs281.7 crore for the second quarter of FY23.

The US stock market finished choppy trading session slightly in negative territory on Monday, 14 November 2022, as market participants opted to book profit recent profit amidst uncertainty about the near-term outlook for the markets and on caution ahead of slew of economic data and earnings from major retailers that likely to give investors hints about the economic outlook. At the close of trade, the […]

Gold stays propped up near three month highs but edged slightly lower in early Asia tracking strength in the dollar overseas. The dollar index was higher after falling 4% last week, marking its biggest weekly drop since March 2020, after data showing U.S. consumer prices rose less than expected in October and prompted bets for slower hikes. The dollar index, which gauges the greenback against […]

As part of the merger, 73 shares of LTI will be issued to each shareholder of Mindtree for every 100 shares of Mindtree. L&T, the merging entity's parent business, will own 68.73% of it.

Copper continued to hover near five month highs on Tuesday although further gains in the commodity were restricted amid dollar strength overseas following statements from Fed that the banks hiking cycle was far from over, and that stubbornly high inflation warranted much more tightening. Rising interest rates weighed heavily on metals this year. Meanwhile, rising COVID-19 cases in major importer China pointed to more potential […]

Retail inflation in October stands at 6.77%

Larsen & Toubro Infotech (LTI), Mindtree: LTI and Mindtree announced that both Mumbai and Bengaluru Benches of National Company Law Tribunal (NCLT) have approved, via two separate orders, the scheme of amalgamation and arrangement between the two companies and their respective shareholders and creditors. The two companies had announced their intent to merge in May 2022. As part of the merger, all shareholders of Mindtree […]