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Annual retail inflation shot up to a 17-month high of 6.95 per cent in March from a year ago, remaining above the tolerance limit of the Reserve Bank of India (RBI) for a third straight month A higher-than-expected rise in retail inflation, or consumer price index (CPI)-based inflation in March, could lead to India's first repo rate hike in nearly two years in June, said analysts. Annual retail inflation shot up to a 17-month high of 6.95 per cent in March from a year ago, remaining above the tolerance limit of the Reserve Bank of India (RBI) for a third straight month. Core inflation, excluding food and fuel, rose to 6.53 per cent in... read more

Mrs Bectors Food has underperformed market in the past 3-6 months after reporting weak set of numbers. In comparison, the benchmark index was down by less than 4 per cent during the same period. Shares of Mrs Bectors Food Specialities slipped 10 per cent to Rs 303 on the National Stock Exchange (NSE) on Wednesday’s intra-day trade on back of heavy volumes in an otherwise firm market. At 09:37 am; the stock traded 7 per cent lower at Rs 315, as compared to... read more

The management expects an increased inflow of funds and consistent growth in AUM in the coming quarters. Shares of Anand Rathi Wealth zoomed 16 per cent to Rs 711.95 on the BSE in Wednesday’s intra-day trade after the company reported strong results with its profit after tax (PAT) and operating profit more-than-doubling in the March quarter (Q4FY22). The company’s assets under management rose 23 % year-on-year to... read more

Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks to date Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks to date. Computers known as nodes operated by Axie Infinity maker Sky Mavis and the Axie DAO that support a... read more

Seven Indian-origin persons have been charged by US federal authorities with insider trading in a scheme through which they made over a million dollars in illegal profits Seven Indian-origin persons have been charged by US federal authorities with  insider trading  in a scheme through which they made over a million dollars in illegal profits. Hari Prasad Sure, 34, Lokesh Lagudu, 31 and Chotu Prabhu Tej Pulagam, 29, are friends and worked as software engineers at... read more

 At present, the company has 586 stores in 134 cities spread across 29 states and union territories in India. Of these, 211 stores were opened in the last three years Footwear retailer Metro Brands Ltd, which is likely to come out with its initial share-sale by the end of the month, will utilise Rs 250 crore from the proceeds towards opening 219 stores in the next two-and-half years, its senior official said on Thursday. At present, the company has 586 stores in 134 cities spread across 29 states and union territories in India. Of these, 211 stores were opened in the last three years. It opened its first store under the Metro brand in Mumbai in 1955 and have since evolved into a one-stop-shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex, and kids, and for every... read more

  His resignation is to be effective from December 31, 2021 Dhanlaxmi Bank on Thursday said its Part-Time Chairman G Subramonia Iyer has resigned, on personal grounds. "G Subramonia Iyer, part-time chairman and independent director of the bank, has submitted his resignation from the board of directors of the bank vide his letter dated December 2, 2021," the bank said in a regulatory filing. His resignation is to be effective from December 31, 2021, it added. "G Subramonia Iyer has informed that he was tendering his resignation owing to certain urgent and emergent domestic and personal reasons and there were no... read more

  Early indications suggest Omicron may be markedly more contagious than previous variants, though researchers are still seeking to understand its impact Market news : The emergence of Omicron is fueling uncertainty in markets, as investors await information about the heavily mutated coronavirus variant and gauge how badly it could damage the global recovery. Early indications suggest Omicron may be markedly more contagious than previous variants, though researchers are still seeking to understand its impact. In the meantime, volatility across asset markets has soared, with a recent hawkish turn from the Federal Reserve contributing to the... read more

  Post listing the stock hit a high of Rs 1,341 and a low of Rs 1,215 on the BSE Shares of  Go Fashion   (India) have made a stellar market debut, with stock listed at Rs 1,316, a 91 per cent premium over its issue price of Rs 690 per share on the BSE on Tuesday. On the National Stock Exchange (NSE), the stock opened at Rs 1,310, 90 per cent higher as against its issue price. Post listing the stock hit a high of Rs 1,341 and a low of Rs 1,215 on the BSE. At 10:01 am, it was trading at Rs 1,226, 78 per cent higher from its issue price and 7 per cent down from its opening level. A combined 4.8 million shares changed hands on the counter on the NSE and BSE. Go Fashions is the first company to launch a brand exclusively dedicated to the women’s bottom-wear category. It is a play on the unorganised to the modern retail shift. The company is a one stop shop for… Continue reading

  Go Fashion India will make its debut on the brouses today, while Star Health IPO opens for subscription in the primary segment The  markets  are likely to start trade on a tepid note awaiting fresh cues from the global markets. As of 08:30 AM, the December Nifty futures on SGX were quoted at 17,079, down seven points. Meanwhile, here the top stocks to focus in trade today. Among individual stocks, shares of Zomato, IRCTC, Godrej Properties and Tata Power will be in focus due to the scheduled rejig of MSCI indices. The Standard Index (India) will see 7 additions and 2 deletions, and will see weight changes for certain stocks such as HDFC Life and Piramal Enterprises. Overall, analysts expect India to see a net inflow of approximately $500 million with all the adjustments. Go Fashion India: The stock will list on the bourses today after the IPO was subscribed 135.46 times during the offer… read more