Gift Nifty plunged over 241 points on Friday morning, falling 0.97% to 24,756 as global and domestic concerns rattled investor sentiment. The early weakness comes after Israel conducted airstrikes on Iran, dramatically escalating tensions in the Middle East and raising fears of a broader regional conflict. According to reports by Bloomberg, explosions were heard in … Read more
The Indian market closed sharply lower on Thursday as investors reacted to a cocktail of global uncertainties, including escalating tensions in the Middle East and a cautious tone ahead of the weekly F&O expiry. The sell-off was led by IT stocks, with benchmark indices slipping over 1%. The BSE Sensex dropped 823.16 points, or 1.00%, … Read more
The scheme has yet to take off two months after it was launched because it covers limited grades of the commodity and the prevailing domestic prices are lower, said people familiar with the matter. Under the scheme, export-oriented MSMEs are to be supplied steel at concessional rates by large producers. The scheme is applicable only … Read more
Mumbai: India’s equity indices shed 1% on Thursday as a flare-up in tensions in West Asia and a resultant rebound in crude prices soured investor sentiment. The US on Wednesday withdrew personnel from West Asia, citing heightened security risks in the region, which resulted in Brent crude futures rising by 4% before they pulled back … Read more
The rupee ended nearly unchanged against the US dollar on Thursday, rising just 1 paisa to settle at 85.52, as weakness in the greenback against major currencies offset pressure from a sharp decline in domestic equities and a rise in crude oil prices. At the interbank foreign exchange market, the rupee opened at 85.43 and … Read more
ET Intelligence Group: Oswal Pumps, a pump manufacturer, plans to raise ₹890 crore through an issue of fresh shares to repay debt, and for . It will raise another ₹497 crore through an offer for sale. The promoter group’s stake will fall to 80% after the IPO from 100%. The company has shown traction in … Read more
banks are back to selling , a riskier kind of , thanks to demand from a wider swathe of lenders including their rivals and conventional investors. Second-liens have in recent years been largely provided by private credit firms. But banks are once again selling these transactions to investors including collateralised loan obligations-the biggest buyers of … Read more
Crude oil prices saw their sharpest single-day gains in over two years on Friday, spurred by mounting geopolitical tensions in the Middle East following Israeli airstrikes on Iran. The market responded with alarm to news that Israel had launched attacks targeting Iran’s military assets, including nuclear infrastructure and missile facilities—an action that has significantly heightened … Read more
Continuing its downward trend, consumer price inflation in India hit an over six-year low in May, in respite to common people. According to the statistics ministry, the year-on-year inflation rate based on Consumer Price Index (CPI) for the month of May was 2.82 per cent (provisional). It is the lowest year-on-year inflation since February 2019. … Read more
Here’s more on the matter Ghosh believes this all happened because Soren thought he helped a rival politician hurt her campaign. He’s filed an official complaint against her and eight others; the court has accepted it and is looking at evidence like call records and emails. On the other side, Soren denies everything and says … Read more