Gold price declined Rs 305 to Rs 56,035 per 10 grams in the national capital on Thursday amid a fall in rates of precious metal in the overseas markets, according to HDFC Securities. The yellow metal had settled at Rs 56,340 per 10 grams in the previous trade. “Spot gold prices in the Delhi markets […]
By Amit Pabari The inflation in the US began to rise from the beginning of 2021 from 2% to peak at around 9.1% in June whereas the Fed began to rise rates in March 2022 from 0.25% to 4.5% up-till December 2022. Since the inflation began to fall sustainably from July 2022 and markets got […]
By Shivangi Sarda The Nifty 50 index opened positive on Wednesday and held its gains at higher zones but remained stuck in a narrow range of 100 points in the first half. The last hour saw a quick pullback move and it inched towards 17000 zones. It gave the highest daily close of the last […]
After falling over 1% a day before, domestic indices remained flat on the monthly F&O expiry. The Nifty 50 was trading around 17500, while Sensex stayed below 59600. If Nifty settles below 17,500 today, or breaks the 17,350 level, then the lower targets of 17,035 & 16,600 are expected in the coming weeks. “Worst Case […]
Equated monthly installment (EMI) cards are a popular medium of credit, with it being preferred by 49% of borrowers, a survey by Home Credit India showed. The survey was conducted across 17 cities, including Mumbai, Kolkata, Chennai, Pune, Hyderabad, and Delhi – National Capital Region. The ‘How India Borrows’ survey noted that since 2021, the […]
Indian Oil Corp is planning to build a 10 billion rupee ($122 million) sustainable aviation fuel plant as global supplies run significantly short of what’s needed by airlines to meet decarbonization goals. The facility will have the capacity to produce 88,000 tons of SAF a year and Indian Oil is seeking to partner with other […]
Market regulator Sebi is likely to extend the relaxed open offer norm now applicable to public sector undertakings (PSUs) being privatised to IDBI Bank, sources said. If the relaxation is extended to the wining bidder of the bank, jointly owned by LIC and the government, it could acquire additional shares from the public in the […]
By Rajesh Palviya Nifty started the week on a positive note and traded with extreme volatility on either side for most part of the week, however buying momentum at lower levels pulled the index higher to close on a flat note. Nifty closed at 17784 with a gain of 114 points on a weekly basis. […]
Insurtech player InsuranceDekho has raised $150 million in Series A funding, consisting of a mix of equity and debt. “The equity round was led by Goldman Sachs Asset Management and TVS Capital Funds with participation from Investcorp, Avataar Ventures and LeapFrog Investments,” the company said in a release. This is the first time the firm […]
Mankind Pharma IPO opened for subscription on 25 April and the issue has been fully subscribed at 15.32 times on day 3. Qualified institutional buyers (QIBs) subscribed for 49.16% of their reserved portion, demonstrating high interest in the issue. The portion for retail investors remains undersubscribed as investors bid only 0.92 times of the shares […]
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