Latest News

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

As per analysts, institutions seem to be on a buying spree for IT, Banks, Capital Goods, and FMCG stocks Market : Foreign funds' continuous flight from Indian equities has led domestic institutions along with retail investors to go in for a buying spree across sectors. Accordingly, the outflow of foreign funds have made valuations of many "quality stocks" attractive again. Taking advantage of the trend, DIIs have pumped in funds worth Rs 40,000 crore since October. On Thursday, they pumped in Rs 1,372.6 crore, whereas the FPIs sold equities worth Rs 909.71 crore. Notably, FPIs have sold more than Rs 68,000 crore till now from October. As per analysts, institutions seem to be on a buying spree for... read full article  

 Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore Reliance Power (RPower) has defaulted on payment of interest worth Rs 1.17 crore to DBS Bank India and Rs 44 lakh to IDBI Bank. It failed to pay up interest on October 30, 2021. The firm, part of the Anil Ambani-promoted Reliance group, in filing with BSE, said it has term loans and working capital arrangements with three lenders — YES Bank, IDBI Bank and DBS. Its stock closed 1.41 per cent lower at Rs 12.6 per share on the BSE. About exposure of YES Bank, there is a ‘standstill’ applicable till December 26, 2021. IDBI Bank extended working capital facility and total principal amount is Rs 42 crore. The credit is secured with an interest rate of 12.5 per cent. DBS exposure is in the nature of a secured term loan of Rs 113 crore with a tenure of eight years. It carries an interest rate of 13 per cent. Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore. ...

  Popular is set to be the first Indian auto dealership in a highly fragmented market to list Market news : Popular Vehicles & Services, India's biggest auto dealer, is planning a $100 million listing next year, a source with direct knowledge of the matter said. Papers filed in August with India's markets regulator seeking approval for its listing show the dealer plans to raise $20 million by issuing new shares. Those funds have been earmarked to acquire smaller cash-strapped dealers in India and expand Popular's repairs and services business, Naveen Philip, a shareholder and member of Popular's founding family, told Reuters. The rest of the IPO will consist of Indian private equity fund BanyanTree Growth Capital cashing out by... read more

E-commerce giant Amazon also is among the fastest as it went public in just three years. HDFC Bank is the fastest among 100 global companies to have gone public. The gap between its incorporation and listing was less than a year, shows a study done by Tide, a UK-based financial platform. The second quickest was Chinese beverage firm Kweichow Moutai, which took two years to launch an IPO. E-commerce giant Amazon also is among the fastest as it went public in just three years. Meanwhile, the slowest was luxury goods firm Hermès, founded in 1837 and listed 162 years later. The other Indian firms in the top 100 global list are... know more

Brent crude futures for February were up $2.08, or 3%, at $71.31 a barrel at 1445 GMT.   Oil prices rallied on Wednesday after recent sharp drops as major producers started to discuss future output against the backdrop of a new coronavirus variant triggering fresh travel restrictions that could dampen oil demand. Equity markets , which often move in tandem with oil prices, also rebounded as investors bought the previous session's dip in the hope the Omicron variant would not derail an economic recovery. Brent crude futures for February were up $2.08, or 3%, at $71.31 a barrel at 1445 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $2.06, or 3.1%, to $68.24 a barrel. Both contracts retraced some of their gains after an... read more

 The price of 10 gram of gold remained unchanged on Thursday while the rate of 1 kg of silver decreased by Rs 200 Market news : The price of 10 gram of gold remained unchanged on Thursday: 24-carat is trading at Rs 48,120 and 22-carat at Rs 47,120. The price of 1 kg of silver decreased by Rs 200 with the precious metal trading at Rs 61,700 on Thursday. In Delhi, the rate of 24-carat gold stands at Rs 51,000, while in Mumbai the yellow metal's price is at Rs 48,120, according to the Goodreturns website. The price of 10 gram of 22-carat gold in Delhi and Mumbai is at Rs 46,750 and Rs 47,120, respectively. In Chennai, 10 gram of 24-carat gold is selling at... Read more

  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