India’s economic horizon is currently navigated by the sails of inflation, as Governor Shaktikanta Das asserts that the Reserve Bank of India (RBI) won’t be contemplating any interest rate cuts until inflation comfortably anchors around the 4% mark. Despite moderation in price gains, Das emphasizes the need for concrete evidence of sustained inflation before entertaining …
About Agreement Glenmark Life Sciences (GLS) has signed a Master Supply Agreement (MSA) with a Japanese innovator pharmaceutical company with a global presence in Europe, the United States and Asia. Under the aegis of the Master Supply Agreement, Glenmark Life Sciences will manufacture API in the therapeutic area of urinary anti-spasmodic, to supply to the …
The benchmark index S&P BSE 500 opened today at 30,950.27 and made its day high at 31,012.96 and it is trading in green today, up by more than 0.70% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 6% today. Aarti Industries Ltd …
About the order Avantel Limited has secured a prestigious contract worth Rs 5.3 crore from the Naval Headquarters, Ministry of Defence. This domestic order involves the development and manufacturing of Satcom Baseband equipment (LDPC) for Cband Hub, a crucial component of the Indian Navy’s satellite communication infrastructure. The equipment, scheduled for delivery by November 2024, …
On Friday, the benchmark indices were trading in green with the Sensex up around 411 points or 0.58% at 71,598 while the Nifty-50 up around 123 points or 0.59% at 21,586. About 2,661 shares have advanced, 914 declined, and 142 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index are …
The domestic indices started the trading session with a sharp upward surge, recovering from earlier losses. The rally was spearheaded by the IT, power, consumer durables, and telecommunication sector stocks. At 10:10 am, the BSE Sensex climbed 0.84%, reaching a level of 71,785. The Nifty 50 index soared 0.80% to the 21,634 level. On the …
Sasken Technologies, a major player in tech development and digital transformation, just hit the gas in the satellite communication world. They’ve unveiled the Mobile Satellite Equipment (MSE), the first-ever LTE satellite product, ready to shake up how we talk, even in emergencies or the middle of nowhere. This breakthrough sent their stock soaring 7.14% within …
In a continuation of the prevailing bearish trend, the Indian equities market sustained losses for the third consecutive session on Thursday. The benchmark indices, Sensex and Nifty, concluded the trading day with moderate declines, witnessing a fall of 0.44% and 0.51%, respectively. The Sensex closed at 71,186.86 points, while the Nifty settled at 21,462.25 points. …
During Thursday’s deals, the shares of Kirloskar Oil Engines Limited zoomed by 2.47%. Furthermore, the scrip witnessed a spurt in volume by more than 2.86 times. The company’s current market capitalisation is Rs 10,109.74 crore. Recent development Kirloskar Oil has successfully secured a substantial order valued at Rs 768 crore from the Nuclear Power Corporation …
In a straightforward and impactful address, Governor Das touched upon key aspects of India’s macroeconomic stability, financial resilience, and transformative journey in the fintech and payments ecosystem. Macroeconomic Stability Amidst Global Uncertainties Governor Das began by highlighting the challenging global macroeconomic environment. Despite uncertainties, India’s economy showcased confidence and optimism. With real GDP growth surpassing …
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