News Overview

Civil business has secured orders in the Residential, Industrial and Defence segments in India.

Persistent weakness in the US dollar ahead of the Fed testimony due on Wednesday is likely to keep the Indian rupee supported. The dollar index, that measures the greenback against a basket of currencies is lingering near 104 levels. However, recovery in crude oil and sustained foreign fund outflows could restrict appreciation bias in the local unit. On Monday, rupee appreciated by 7 paise to […]

Payments companies have approached the National Payments Corporation of India (NPCI) for help because banks have refused to share government-funded subsidies for payment infrastructure development.

COMEX Gold stays supported near $1842.20 an ounce tracking weakness in the US dollar ahead of Wednesdays Fed Chair Jerome Powells Testimony. The dollar index, that measures the greenback against a basket of currencies is lingering near 104 levels. According to the data by the Department of Industry, Science, Energy and Resources of the Government of Australia (DISER), global gold supply to increase by 2.7% […]

The proposal is subject to shareholders approval and regulatory approvals.

Bharat Forge: The company has approved the transfer of its stake in Refu Drive GmbH (Refu), joint venture (JV) company to Kalyani Powertrain in order to house all the electric vehicle investments of the company under one entity. Adani Power: Adani Power on Monday completed the acquisition of 100% equity shares in Support Properties Private Limited (SPPL) and Eternus Real Estate Private Limited (EREPL) from […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 39 points at the opening bell. Global markets: Overseas, Asian stocks are mostly trading higher on Tuesday following a positive lead from Europe as some stability returned to markets after last weeks hefty losses. Meanwhile, Australias central bank says inflation will peak by the end of […]

However, the ministry also claims that the country faces a minimal chance of stagflation.

The Board of Eureka Forbes has accepted the resignation of Marzin R Shroff as the Managing Director and Chief Executive Officer Executive Director of the Company with effect from in or around August 2022

Housing Urban Development Corporation HUDCO announced that Fitch Ratings – has affirmed the ratings of HUDCO at BBB- level ie at the sovereign level At the same time Fitch Ratings has revised the outlook of HUDCO to Stable from Negative The rating action follows the change in outlook of Govt of India rating to Stable from Negative on 10 June 2022