News Overview

The approval received is to market a generic equivalent of Kalydeco Tablets, 150 mg of Vertex Pharmaceuticals Incorporated.

If one were to assess the bounce in the Nifty and Sensex post the policy announcement, it was largely a celebration of the fact that the RBI abstained from another CRR hike.

The World Bank on Tuesday cut its global growth forecast to 2.9% for 2022 and warned of the world economy slipping into a period of stagflation reminiscent of the 1970s. Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble growth and elevated inflation, […]

The World Bank on Tuesday cut its global growth forecast to 2.9% for 2022 and warned of the world economy slipping into a period of stagflation reminiscent of the 1970s. Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble growth and elevated inflation, […]

Business Wire India Ares Management Corporation (“Ares”) announced today that Henry Lee has joined Ares Wealth Management Solutions (“AWMS”) to lead its Asia efforts as part of the Firm’s commitment to build out dedicated wealth management teams that cater to the growing retail opportunity in this region.   Mr. Lee is joining as a Partner in the Hong Kong office and will report to Raj […]

The Indian Rupee gained a little today after RBI continued with its interest rate hike mandate. The RBI Monetary Policy Committee (MPC) decided to Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 4.90 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.65 per cent and the marginal standing facility (MSF) […]

Ramkrishna Forgings said that the company has received an export order worth Rs 115 crore over a period of 4 years from a European Tier-1 supplier for a new differential housing case business.

Nifty Bank advanced 0.92% post the rate hike by RBI.

South Koreas gross domestic product was up a seasonally adjusted 0.6 percent on quarter in the first quarter of 2022, according to the Bank of Korea. That was down from 0.7 percent in the initial estimate following the 1.2 percent increase in the three months prior. On an annualized basis, GDP was up 3.0 percent on year – also revised down from the original call […]

South Koreas gross domestic product was up a seasonally adjusted 0.6 percent on quarter in the first quarter of 2022, according to the Bank of Korea. That was down from 0.7 percent in the initial estimate following the 1.2 percent increase in the three months prior. On an annualized basis, GDP was up 3.0 percent on year – also revised down from the original call […]