News Overview

The Bank of Korea lifted its key interest rate by a quarter point for the second straight meeting to tackle high inflation. The Monetary Policy Board decided to lift the Base Rate by 25 basis points to 1.75 percent from 1.50 percent. The economy is forecast to grow 2.7 percent this year, somewhat below the February forecast of 3.0 percent. The bank raised its inflation […]

On 30 May 2022

The rating agency has reviewed total bank facilities worth Rs1,378.25 crore.

Motherson Sumi Wiring India reported 73% fall in net profit to Rs 46 crore despite a 10% rise in revenues to Rs 1,662 crore in Q4 FY22 over Q4 FY21.

The company has reported an EBITDA of Rs232.10 crore in FY22 as against Rs259.40 crore in FY21, down by 10.52% yoy.

To 30 May 2022

To 30 May 2022

Domestic equity benchmarks sharply reversed losses and traded with strong gains in the afternoon trade. The Nifty regained 16,100 level, reversing from the days low of 15,903.70 hit in early afternoon trade. Most sectoral indices on the NSE were trading higher. However, oil & gas, FMCG and healthcare shares continued to be under pressure. Trading was volatile due to expiry of monthly F&O contracts on […]

WTI Crude oil futures are managing to hold on just above $110 per barrel amid sustained hopes of good demand in the US driving season. Rising US Crude oil imports and tight gasoline inventories are keeping the sentiments well supported. The EIA reported yesterday that US crude oil imports averaged 6.5 million barrels per day last week, down by 82,000 barrels per day from the […]

The company has reported a revenue of Rs152 crore in Q4FY22.