Bank relief and Alibaba plans nudge stocks higher

Asian stocks rose on Thursday with fears easing on the banking front and the prospect of a break-up at Chinese conglomerate Alibaba offering an encouraging sign that Beijing’s regulatory storm focused on tech companies might finally be clearing. MSCI’s broadest index of Asia-Pacific shares outside Japan gained for a third day in a row, rising […]

Insurers purchase record equities in 2022

Domestic insurers, led by Life Insurance Corporation of India (LIC), stepped up equity purchases last year amid relentless selling by foreign portfolio investors (FPIs), especially in the first half. Domestic institutional investors (DIIs) shopped for equities worth Rs 2.75 trillion last year, a historical high. Of this, close to Rs 90,000 crore of net buying, […]

Petrol and Diesel Rate Today, 22 December: Fuel rates steady; Check prices in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The oil prices in the country have not been changed on 22 December 2022 and costs have been steady for about seven months now. The last country-wide change in fuel rates was on 21 May this year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per […]

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