The commerce ministry has proposed revised election bye-laws for all export promotion councils (EPCs) including apex exporters’ body FIEO, under which a chairman will hold office for two years and will not be eligible for the immediate next election. The revised model articles of associations/bye-laws for EPCs and Federation of Indian Export Organisations (FIEO) are […]
UltraTech Cement, India’s largest cement producer, posted a 32.30% fall in consolidated net profit at ₹1,666 crore for the fourth quarter ended March 31, impacted by a rise in energy and raw material costs. The Aditya Birla group company had posted a net profit of ₹2,461 crore for the same quarter of the previous fiscal. […]
Indian equity indices ended Friday’s session in the red territory. The Sensex closed below 60,900 while the Nifty settled below 18,200. The top gainers of the BSE Sensex were Bajaj Fiserv (up 2.21%), Titan (up 1.77%), Bajaj Finance (up 1.03%), Tata Steel (up 0.81%) and Tata Motors (up 0.57%) while ICICI Bank (down 1.74%), Bharti […]
By Raj Deepak Singh Rupee appreciated last to last week amid weak dollar coupled with rise in risk appetite in the global markets. Market sentiments improved as concerns over the US banking sector ebbed. USDINR after facing strong resistance near 82.50 levels made a low of 82.03 last week. Further, currency firmed on anticipation that […]
The Poco X6 series India launch is imminent, suggests a new X (formerly Twitter) post by Poco India country head, Himanshu Tandon. The cryptic “happy Xmas” post is rife with signs pointing toward the potential launch of the Poco X5 Pro and Poco X5 successors launch in India, without directly naming the product(s) or giving […]
Investor appetite for bond index funds has been increasing over the past year, with assets under management (AUM) of such funds rising by over Rs 1 trillion just in one year. Data shows that the assets under management (AUM) of bond index funds stood at Rs 83,179 crore as of January 31, 2022, and the […]
By Saumil Gandhi Commodity prices edged lower with most commodities witnessing sharp correction for the week except the energy complex. Bullion prices lost ground and plummeted their fresh swing low as the market braced for more interest rate hikes by the U.S. Federal Reserve in the coming months. Crude oil prices after volatile trade throughout […]
Indian benchmark indices are likely to open on a muted note, hinted SGX Nifty on Friday. Ahead of the session, Nifty futures were trading marginally higher at 18,133 level on the Singapore Exchange. In the previous session, BSE Sensex fell 187 pts to 60,858, while NSE Nifty 50 fell 58 pts to 18,108. “Though the […]
The gross non-performing assets (GNPA) ratio of banks may decline further to 3.1% by September next year from 3.2% at present under the baseline scenario, according to the Financial Stability Report released by the RBI on Thursday. However, under a severe stress scenario, the ratio of banks may rise to 4.4%, noted the bi-monthly report. […]
The rupee appreciated 6 paise to close at 82.70 against the US dollar on Tuesday, as a weak American currency against major rivals overseas boosted investor sentiments. However, muted domestic equities, unabated foreign capital outflows and rising crude prices restricted the rupee’s rise, forex dealers said. It finally settled at 82.70, up 6 paise over […]
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