By Rahul Shah After a painful start to the previous week, stocks enjoyed a massive bounce in the last two trading sessions and clocked the best weekly advance in more than a year on optimism over peace talks between Moscow and Kyiv, clarity by the US Fed on its future monetary policy and after Beijing’s signal that it […]
Vodafone Idea shares surged 25% in trade on Monday as the government permitted converting the telecom operator’s interest dues into equity. Vodafone Idea scrip touched an intraday high of Rs 8.55, up 24.8% from Friday’s close of Rs 6.85. The net present value of the interest dues regarding the AGR dues and deferment of spectrum […]
Adani Enterprises Ltd (AEL), through its wholly owned subsidiary, Adani Global Limited and Sirius International Holding Limited (Sirius), a subsidiary of International Holding Company (IHC), UAE have entered into an agreement to create a new joint venture named Sirius Digitech International Limited (Sirius JV), an entity based in Abu Dhabi. Sirius JV will be owned […]
By Manish Gupta The ‘equity oil’ issue got highlighted recently, after India faced the double whammy of spike in oil prices following the decision by Opec+ nations to cut production and Russia’s Rosneft stating it will give dividends, not equity oil, to India. For India, which imports 87% of its oil needs, equity oil is […]
Foreign investors are likely to keep flocking into South Korean bonds as cooling inflation combined with growing concerns over the nation’s key tech sector pressure the Bank of Korea to start easing policy as early as this year.Offshore markets have already scooped up a net $13.8 billion of South Korean bonds this year, outstripping inflows […]
In a concerning development, scientists are sounding the alarm about the potential spread of a condition known as chronic wasting disease (CWD), often referred to as “zombie deer disease,” from animals to humans. Over the past year, around 800 cases of CWD have been identified in deer, elk, and moose in Wyoming, USA. The disease […]
Vertex Pharmaceuticals and CRISPR Therapeutics made history last month by gaining approval for the first CRISPR-based drug, exagamglogene autotemcel (Casgevy). However, given that 88% of CRISPR drugs are in the early stages of development, it is unlikely to see another CRISPR approval any time soon, says GlobalData, a leading data and analytics company. In November […]
Benchmark indices BSE Sensex and NSE Nifty traded with sharp cuts before trimming losses amid high volatility intraday. The 30-share BSE Sensex trades flat, down 43 points or 0.07% to 59,457 and NSE Nifty declines 2 points or 0.01% to 17,646. Adani Enterprises, Adani Ports, Reliance Industries, ICICI Bank and HDFC Bank are the most […]
Oil prices fell in thin early Asian trade on Tuesday as the market digests weak economic data from China and expectations of another U.S. interest rate hike. Brent crude fell by 2 cents to $79.29 a barrel by 0021 GMT, while U.S. West Texas Intermediate (WTI) crude fell 2 cents to $75.64. Both benchmarks fell […]
State Bank of India (SBI) chairman Dinesh Khara expects lending rates to fall from the middle of next calendar year, driven by decline in inflation. “I expect that somewhere in the middle of next calendar year we should get to see reduction in interest rates. “We are in the right trajectory because inflation is much […]
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