Indian equity indices rallied over 1.5% on Friday with Sensex closing above 60,800 and Nifty 50 settling above 17,850 led by heavy buying in banking shares and recovery in Adani Group stocks. During the day indices remained volatile, but towards the end of the session, they surged, ending broadly in green. The NSE Nifty 50 […]
By Dilip Parmar In the week gone, the Indian rupee recovered after registering four weeks of fall, as high-frequency data pointed to better growth prospectus. The foreign fund inflows, lower crude oil prices and the central bank’s intervention supported the local unit to outpace the regional currencies. Spot USDINR fell one-tenth of a percentage to close […]
Adani Group-controlled Ambuja Cements and ACC will be dropped from S&P BSE 100 ESG Index from February 22, according to a statement issued by Asia Index on Friday. Ambuja Cements and ACC have been added to the Media and Stakeholder Analysis (MSA) list. Based on the S&P BSE 100 ESG Index methodology, the index committee […]
By Shrikant Chouhan The Nifty ends 71 points lower while the Sensex down by 195 points, Metals, Energy and Auto stocks witnessed sharp profit booking at higher levels. On Tuesday, after a positive opening the index quickly surpassed the yesterday high and rallied over 200/900 points but once again bears took the charge at higher […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Thursday, 2 March 2023, keeping costs steady for about nine months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at […]
Oil prices fell in early trade on Friday but were headed for a weekly gain with the market continuing to seesaw between fears of a recession hitting the United States and hopes for strong fuel demand recovery in China, the world’s top oil importer. Brent crude futures fell 28 cents, or 0.3%, to $84.22 a […]
This year, the mergers and acquisition (M&A) scenario in India has seen a muted growth trajectory. While experts are hopeful for a better activity graph in 2024, this year is ending on a somber note. The overall M&A in India has been subdued in the year-to-date (YTD) calendar year 2023 in comparison to the last […]
SGX Nifty hinted that the domestic equity indices could see a start in the green. On the Singapore Exchange, Nifty futures were trading higher, up 58 points, at the 17,071 level. On Monday, markets gained mildly as Nifty ended marginally higher, still not reclaiming the 17,000 level, while Sensex settled at 57,653, up over 125 […]
In yet another setback, Dish TV India’s shareholders voted against the proposals to adopt the financial statements for FY21 and FY22, at the satellite service provider’s annual general meeting (AGM). For the adoption of FY22 financial statements (both consolidated and standalone), the shareholders voted against the resolution 73.17% of their votes, while that for FY21 […]
The retail industry has been through dramatic changes in recent years driven by Covid-19 and rapidly changing consumer tastes. With the height of the pandemic largely behind us, retail businesses have been focused this year on restoring profit margins and bracing for what is sure to be an unpredictable economy next year. Big challenges are […]
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