News Overview

About two months have passed since TAFE's Chairman and Managing Director, Mallika Srinivasan, announced her resignation. Mitra has now been appointed to the Swiggy board.

According to a NATO officer on Thursday, ongoing Ukrainian drone attacks on Russian refineries may have interrupted over 15% of Russian capacity, affecting the nation's gasoline output.

Although it is still near the 152 level, the yen rose to a two-week high versus the US dollar due to safe-haven bids and new cautions from Japanese officials.

The banned stocks include Hindustan Copper, SAIL, and ZEEL, which will remain unavailable for F&O trading, though they can still be traded in the cash market.

Chinese Shanghai Composite is trading 0.18% lower. Japan’s Nikkei 225 closed 2.42% down. Hong Kong’s Hang Seng index is down by 0.97%. South Korean Kospi index is down by 1.08%.

The Bombay Stock Exchange (BSE) has raised the circuit limit for 331 stocks, such as IFCI, Mahanagar Telephone Nigam, and Kesoram Industries, from 5% to 10%.

Among sectors, banks, power, and information technology are up 0.5-1%, while PSU Bank, oil & gas index is down 0.5-1%.

Gross advances made by the bank during the quarter came to Rs 85,640 crore, a 19% YoY growth and a 5% QoQ increase.

According to a release, PFC has given its shareholders an interim dividend totalling ₹3,630 Crore for the fiscal year 2023–2024, which is the highest sum the company has ever paid out.

Conversely, the healthcare and food and beverage segments are anticipated to register low single-digit growth.