News Overview

World Health Organizations assessment is that the risk of monkeypox is moderate globally and in all regions, except in the European region where they assess the risk as high. However, there is also a clear risk of further international spread, although the risk of interference with international traffic remains low for the moment, WHO noted. ?So in short, we have an outbreak that has spread […]

As per the Companies Act 2013, a special resolution must receive approval from shareholders who own at least 75% of the total equity.

The U.S. Federal Reserve is expected to increase interest rates by 75 basis points, according to officials at the institution.

The mentioned foreign subsidiary is located in Chantilly, Virginia, the USA.

On account of ongoing CIRP process

Revenue from exports contributed 34% in Q1FY23 as compared to 30% in Q1FY22.

The sale is a component of L&T's asset-light strategy, which has seen the company sell off several non-core properties.

The proposed capacity addition is 1000 MTPA and to be commissioned by May 31, 2023, the company said,

The Company achieved capacity utilization of 83% as against 73% during 01 FY22.

The Indian rupee is expected to see some recovery on Monday, tracking weakness in US dollar overseas couple with lower crude oil prices. Dollar is tracking US treasury yields lower ahead of Federal Reserve decision later this week. The dollar index, that measures the greenback against a basket of currencies is down 0.11% at 106.50. On Friday, rupee fell by 5 paise to close at […]