News Overview

WTI crude oil slumped overnight to its lowest level in more than a month on extended worries of a global recession that could hit demand coupled with prolonged Russia-Ukraine war. Meanwhile, US President Joe Biden is expected to call for a gasoline tax holiday to drive down fuel prices, as per media reports. WTI Crude is down around 4%, hovering at $105.66 per barrel, after […]

PVR and INOX Leisure announced that their merger has been authorized by the NSE and BSE.

The National Association of Realtors released a report showing another steep drop in U.S. existing home sales in the month of May. NAR reported existing home sales plunged by 3.4 percent to an annual rate of 5.41 million in May after slumping by 2.6 percent to a revised rate of 5.60 million in April. Existing home sales fell for the fourth consecutive month. The report […]

SEBI has barred mutual funds from starting new schemes unless new pool account mechanisms are put in place.

The board of the restaurant aggregator and food delivery company is scheduled to meet on 24 June 2022 to consider a potential acquisition transaction by the company.

COMEX Copper slides back to $3.97 per pound as dollar turns firm after two consecutive declines. The dollar, index, that measures the greenback against a basket of currencies is higher by 0.15% at 104.36. The metal recovered briefly near $4 levels in the previous session supported by low inventories and rebound in risk sentiment across the world. Yesterday, the red metal had recaptured $4 mark […]

In his letter to shareholders in the annual report 2021-22, Jagdishan outlined the reasons for HDFC's merger with HDFC Bank, saying: "The proposed combination gives the future a completely new dimension. We feel that the runway is vast and that an HDFC Bank may be added every five years."

Hero MotoCorp: The company has further strengthened its commitment and operations in Turkiye with the introduction of Euro-5 compliant variants of its three globally popular products. The range of Hero MotoCorp products in the Turkiye include the Xpulse 200 4V motorcycle and Dash 110, Dash 125 scooters. Biocon: Biocons subsidiary Biocon Biologics issued a statement in response to the media reports related to bribery allegations. […]

Here are the stocks gaining traction that have the potential to move the markets today.

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 45 points at the opening bell. Global markets: Overseas, Asian stocks are mostly trading lower on Wednesday, as Wall Street bounced back after a turbulent week. The Bank of Japan, after maintaining its ultra-low interest rates last week, released the minutes from its April monetary policy […]