News Overview

A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended November 5th. The Labor Department said initial jobless claims crept up to 225,000, an increase of 7,000 from the previous weeks revised level of 218,000. Meanwhile, the report said the less volatile four-week moving average edged down to 218,750, a decrease […]

Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Cyclophosphamide Capsules, 25 mg and 50 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Cyclophosphamide Capsules, 25 mg and 50 mg, of Hikma Pharmaceuticals USA Inc. Cyclophosphamide Capsules is an alkylating drug indicated for the treatment of […]

The Adani group firm reported profit after tax for Q2 FY23 at Rs 696 crore as against loss of Rs 231 crore in Q2 FY22, due to higher one-time income.

Gold prices continue to hold at three month highs although a recovering dollar overseas is likely to cap gains in the yellow metal. The dollar index rose toward 107 on Monday, rising slightly from near three-month lows after Federal Reserve Governor Christopher Waller warned investors against getting too optimistic over one inflation report, and said that the central bank ?still got a ways to go? […]

LIC, ZEE, Bhel, Thermax in focus Life Insurance Corporation of India (LIC): The life insurance company reported net premium of Rs 1.32 lakh crore for the quarter ended September FY23 as compared to net premium of Rs 1.04 lakh crore for the quarter ended September FY22. The net profit for the quarter jumped to Rs 15,952 crore from Rs 1,434 crore last year. The companys […]

The provisional figures of direct tax collections up to 10 November 2022 stood at Rs 10.54 lakh crore which is 30.69% higher than the gross collections for the corresponding period of last year. Direct tax collection, net of refunds, stood at Rs 8.71 lakh crore which is 25.71% higher than the net collections for the corresponding period of last year. This collection is 61.31% of […]

Check the price of gasoline and fuel in Delhi, Mumbai, and other cities

There is a probability of profit booking after the gains of Friday

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 19 points at the opening bell. On the macro fronr, Indias industrial growth, as per the Index of Industrial Production (IIP), rose to 3.1% in September, data released on Friday showed. The growth was primarily owing to a rise in manufacturing and mining outputs. The IIP […]

The US stock market finished session modestly higher on Friday, 11 November 2022, as investors continued chasing risker assets on optimism that the Federal Reserve likely to trim the pace of interest rate hikes following Thursdays softer than expected inflation data. At the close of trade, the Dow Jones Industrial Average index rose 32.49 points, or 0.1%, to 33,747.86. The S&P500 index added 36.56 points, […]