Sensex, Nifty Bounce Back After Days of Respite After RBI Policy
Equity benchmarks closed slightly higher on Friday after the Reserve Bank raised key interest rates to cool stubbornly high inflation and defend the rupee. Traders...
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RBI Retains Retail Inflation Forecast at 6.7% for FY23, Hikes Repo Rate by 50 bps to 5.40%
In its bi-monthly meeting, the Monetary Policy Committee of the Reserve Bank of India (RBI) increased the policy Repo Rate by 50 (BP) basis points...
Asian Stocks Rise on Upbeat Data, Fed Hawks Lift Dollar
Asian shares rose on Thursday from a strong rally on Wall Street after strong economic data, and upbeat corporate guidance dampened investor interest. Fed officials...
RBI MPC Meet Starts Today, Repo Rate Hike on the Cards
Today, three days Monetary Policy Committee meeting is scheduled with the governor of the Reserve Bank of India (RBI), Shaktikanta Das, and another member of...
Kansai Nerolac Surges 11% on Strong Revenue Growth
Shares of Kansai Nerolac Paints surged more than 11% on August 2 after reporting June-quarter results. Growth numbers were strong, a positive surprise for Wall...
India Approves $1.6 Billion Investment in BPCL’s Brazilian Unit
On Wednesday, the Union Cabinet approved an additional investment of $1.6 billion (about Rs 12,000 crore) in Bharat PetroResources Ltd (BPRL) to boost overseas oil...
Reliance Industries Fell 4% After June Quarter Profit Missed Expectations
Shares of Reliance Industries fell 4% to Rs 2,404 in intraday trading on BSE on Monday after the company reported a lower-than-expected consolidated net profit...
RBI Closer to Its Inflation Mandate Than Other Central Banks
Central banks worldwide have been raising interest rates frantically to curb inflation. The Reserve Bank of India (RBI) is closer to its inflation target than...
Rupee Falls Past 80 Per US Dollar for First Time
Today, the Indian rupee hit a high record low for the seventh straight day by falling to 80.01 against the US dollar. Yesterday, the rupee...
Spicejet, Indigo Up 4% as OMC Cuts ATF Prices
Airline stocks were in high demand on July 18, providing relief to struggling airlines after the oil marketing company slashed the price of air turbine...