News Overview

The domestic equity barometers traded with limited losses in early trade. The Nifty traded below the 15,750 level. Banks, financials and realty stocks declined while metals and FMCG stocks edged higher. At 09:23 IST, the barometer index, the S&P BSE Sensex, was down 205.74 points or 0.39% to 52,640.96. The Nifty 50 index fell 53.45 points or 0.34% to 15,720.95. The NSEs India VIX, a […]

The consumer pricing index-based (CPI-based) inflation rate for May 2022 fell from an eight-year high in April to 7.04 %

ICRA has also reviewed and reaffirmed the rating for the Commercial Papers amounting to Rs300 crore as ‘ICRA A1+’.

The board also approved Bonus Issue of 25,61,58,220equity shares to existing shareholders of the Company in the ratio of 2:1.

No significant investment has been made by the company in the Joint Venture company except for Rs74,900 towards the initial subscribers.

The project is expected to be completed over a period of 24 months.

WTI crude is recovering near $120 per barrel on Tuesday as dollar takes a breather. The dollar index, that measures the greenback against a basket of currencies is hovering at 105.08, tracking US treasury yields that is soaring past 3.3%. However, expectation of aggressive Fed rate hike amid soaring US inflation levels and China lockdown amid rising Covid cases are likely to keep demand for […]

EPFO is expected to increase its equity investment limit from 15% to 25%

Gold futures are lingering at sharply lower levels posted in the previous session, although a minor correction in the dollar is seen supporting the yellow metal to some extent. COMEX Gold is down 0.16% at $1828.90 an ounce. The counter settled down $43.70, or 2.3%, at $1,831.80 an ounce yesterday. Also aiding the precious metal is a sharp plunge in Bitcoin that slumped below $22,000, […]

The medical diagnostic chain on Monday clarified that its promoters have no intention to exit the business.