Indian markets face worsening economic conditions with the Feds and RBI’s interest rate hikes. The US Federal Reserve increased its interest rates by 75 basis points on Wednesday. In the last week, RBI Governor announced the hike of interest rates by 50 bps. Fitch ratings stated that Reserve Bank would likely raise interest rates to [...]
FMCG firm Adani Wilmar on Saturday slashed the prices of its edible oils by Rs 10 following the government's move to reduce import duties on the commodity. Adani Wilmar has reduced the maximum retail price (MRP) of Fortune refined Sunflower oil's 1-litre pack to Rs 210 from Rs 220, the company said in a statement. [...]
Telecom minister Ashwini Vaishnaw on Saturday said 5G deployment will commence in 20-25 cities and towns by the year-end, and indicated that India, with its current data prices significantly lower than global average, will continue to set rate benchmarks as new services are rolled out. The 5G deployment will start from August-September, Vaishnaw said. The [...]
Rajnish Wellness Ltd is a BSE-listed stock that has given multi-bagger returns to its shareholders in the past year. The shares of the company are trading at ₹197.25 as of IST: 14:06, Friday. The stock has surged from ₹4.92 per share to ₹197.60 per share giving a multi-bagger return of 3,913.21% in the last year. [...]
Infrastructure finance firm PTC India Financial Services (PFS) has signed an agreement with the Global Green Growth Institute for setting up a renewable energy-focused infrastructure debt fund. Under the pact, GGGI (Global Green Growth Institute) will provide technical support to PFS for the development and establishment of Renewable energy focused Infrastructure Debt Fund (RIDF). Discussions [...]
Analysts around the world are forecasting a recession following the Fed’s steepest interest rate hike in the last 3 decades. This coupled with signals of weak consumer spending and anticipation of future rate hikes may not bode well for the economy as the Federal Reserve is aggressive toward taming inflation. There are some positive points [...]
Deltatech Gaming Ltd, a digitally native, technology-led gaming platform, has filed preliminary papers with the markets regulator Sebi to raise Rs 550 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 300 crore and an offer-for-sale (OFS) of Rs 250 crore by promoter -- Delta [...]
State-owned CIL is looking at green mining options by leveraging a slew of eco-friendly technologies in both underground and opencast mines, a move that would help in augmenting the production and reduce the adverse impact on environment. With land turning out to be a major pain point for expansion of coal mining operations, these technologies [...]
Integrated logistics player Delhivery on Friday said it has launched "guaranteed same-day delivery" service in 15 key cities in the country to help direct to-consumer (D2C) brands deliver their orders the same day. Under the new service, orders received as late as 3 pm will be delivered on the same day, Delhivery said in a [...]
Domestic benchmark indices are trading lower on Friday after they witnessed heavy drubbing on Thursday. The 30-share index is trading at 51251 levels, 0.47% lower than the previous day, while the 50-share index is trading at 15281 levels, down 0.52%. Overall, the indices are trading 6% lower than their levels a month ago. Analysts have [...]
