Posts

Showing posts with the label stockmarket

March CPI inflation at 6.9% may trigger rate hike cycle from June: Analysts

Image
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
Post a Comment
Read more

Mrs Bectors Food Specialities slips 10% on heavy volumes

Image
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
Post a Comment
Read more

Anand Rathi Wealth zooms 16% to hit record high on strong Q4 results

Image
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
Post a Comment
Read more

7 Indian-origin persons charged in million dollar insider trading scheme

Image
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
Post a Comment
Read more