News Overview

This plant is a women lead packaged gas plant that will serve the medical and industrial gases demand.

The sales/ supply of products/ services for these orders will be in a phased manner FY 2026 onwards.

With this acquisition, Kotak will gain access to over 25,000 high-quality customers with a total standard loan outstanding of around Rs582 crore.

The Reserve Bank of India (RBI), by an order dated 7 July 2022, imposed a monetary penalty of Rs 5.72 crore on Federal Bank due to deficiencies in regulatory compliance.

Khan may succeed the current CEO in future

Strength in dollar is expected to keep rupee sentiments damp in opening trades on Monday, 11 July 2022. Concerns about global economic growth offered support to the safe haven currency that stays tall near two-decade peaks at 107.13. Risk off mood in equities coupled with sustained foreign fund outflows are likely to further weigh down the local currency. On Friday, rupee declined by 13 paise […]

During the June quarter, the standalone profit increased to Rs. 680 crores.

Copper prices extended further decline near two-year lows on recession fears coupled with resurfacing Covid worries. With lockdowns in China and mounting recession fears weighing on the commodity market, the industrial metal has experienced an immense amount of pressure from demand disruptions, driving prices back to levels last tested in November 2020. Copper is down 1.73% at $3.45 per pound. Asia Pacific stocks were down […]

The US shares mostly declined in choppy trading session on Friday, 08 July 2022, with the Dow and the S&P 500 closing below the unchanged line, while the Nasdaq managed to cling gains line. The weakness on the Wall Street was majorly due to intensifying worries about bigger Federal Reserve interest rate hikes ahead after stronger than expected jobs data. At the close of trade, […]

Housing Development Finance Corp is poised to become the first Indian borrower to benefit from the central bank's relaxed rules on external commercial borrowings by increasing its foreign borrowing to approximately $1 billion from $750 million previously.