News Overview

The Indian Rupee saw choppy moves after recent slide.The INR is witnessing tepid moves after testing all-time lows against the US dollar. Indias forex reserves fell by 2.68 billion to around $593.2 billion for the week ended May 13 with a sizable contraction of gold reserves aiding the fall, show latest data from the Reserve Bank of India. The foreign currency assets fell by 1.3 […]

Copper eased in Asia on broad demand worries over world economy. Ukrainian President Volodymyr Zelenskyy called for maximum sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Forum gathering in Davos. He said sanctions need to go further to stop Russias aggression, including an oil embargo, blocking all of its […]

Crude oil eased today. Asian shares slipped on Tuesday as relief at a rally on Wall Street failed to extend. Traders also eyed rising US rig count data. The US energy firms last week added oil and natural gas rigs for the ninth week in a row. The oil and gas rig count, an early indicator of future output, rose 14 to 728 in the […]

COMEX Gold futures moved up further on sustained losses in the US dollar index and worries over Russia-Ukraine war. COMEX Gold is also up 0.50% at $1852 per ounce. Risk appetite has picked up impressively in last couple of sessions and is keeping the dollar under wraps. COMEX Gold has hit one week high following the recent surge now. The MCX Gold futures moved up […]

Acquisition of equity shares of HW Wellness completed on 23 May 2022 at a mutually agreed pre-money enterprise valuation.

Maruti Suzuki India (MSIL): The company has agreed to acquire an equity stake of 12.09% in Sociograph Solutions Private Limited (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company that specializes in a visual AI platform predominantly used to help enterprises improve sales experiences and improve efficiency in their business. Marico: Marico has made a strategic investment and acquired stake […]

Sales rise 28.67% to Rs 35.72 crore

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 32 points at the opening bell. Global markets: Overseas, Asian stocks are trading subdued on Tuesday, as investors weighed a possible thawing of U.S.-China trade relations as U.S. President Joe Biden floated the idea of tariff cuts on Chinese goods. US stocks ended higher on Monday […]

The US stocks moved significantly higher on Monday, 23 May 2022, with the Dow, the Nasdaq, and the S&P 500 settling firmly above neutral line, as investors continued to pick up stocks at reduced levels after tumbling nearly 20% from Januarys record closing high. The strength on Wall Street also have been generated in reaction to news the financial hub of Shanghai has lifted some […]

Sales rise 40.97% to Rs 594.23 crore