What can be viewed as a 21st century ‘gold rush’, multiple dips in the stock market in the last few years have caused investors to run towards gold as a safe investment avenue again and again. Be it the 2020 covid crash, the Russian invasion of Ukraine or the recent collapse of the Silicon Valley …
Bombay Stock Exchange or BSE is trying to make a mark in the commodity exchange segment by planning to launch Almond contracts in commodity derivative segment. Although MCX dominates the commodity trading sector along with NCDEX and ICEX, BSE and NSE also take part in it from time to time by introducing new indices. Before …
On 31 August 2021, Tuesday, HCL Technologies shares recorded a new high of Rs. 1,193.15, surging 3% on the BSE during intraday trade. This rise in stock price materialised immediately after the company announced that it would be allocating $1.25 million to Series A preferred stock of Austin GIS via its subsidiary, HCL Bermuda Limited. …
As a slew of companies revealed their Q3 FY 22 results, ONGC also reported its third-quarter results on 11 February 2022. This company showed massive profits again and is ready to pay dividends to its shareholders. On that note, let’s look at some of the details of the Q3 results of ONGC. Key Highlights of …
The recent Budget 2021-22 has brought the spotlight back on the government’s disinvestment and privatisation plans. The Finance Minister, in her Budget, announced the disinvestment of the government stakes in two Public Sector Banks (PSBs) apart from one general insurer, apart from disinvestment of IDBI Bank. The markets reacted positively to the Budgetary announcement pertaining …
The government extends the BPCL bid deadline for the third time. Bharat Petroleum Corporation Ltd., India’s second-largest oil refiner, is a government-controlled company. In November 2019, the government decided to sell off its entire stake of 52.98 percent to interested private parties. Although, the cabinet accepted the proposal of disinvesting government equity shares in BPCL …
In its meeting held today, the Monetary Policy Committee (MPC) made several key decisions based on its assessment of the current and evolving macroeconomic situation. The committee opted to maintain the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. Additionally, the standing deposit facility (SDF) rate remains unchanged at 6.2%, while …
Gaming platform Mobile Premier League will lay off 350 employees as it takes steps to “survive” the 28% GST imposed on online gaming companies, according to an internal company mail on Tuesday. Last week, Finance Minister Nirmala Sitharaman said the decision will be reviewed after 6 months of its implementation or April 2024 by the …
Morgan Stanley, a leading brokerage firm, has raised its rating for India to “overweight.” They are optimistic about the country’s potential for a long-term economic boom. This upgrade comes as India’s relative valuations appear to be less extreme compared to the situation in October. Additionally, the firm sees promising prospects for increased capital expenditure and …
According to Kantar Worldpanel’s inaugural study on the cosmetics category in India, over the past six months, the top 10 Indian cities witnessed the sale of more than 100 million cosmetic items, such as lipstick, nail polish, and eyeliner. Consumers collectively spent over Rs 5,000 crore on these beauty products, with 40% of them opting …
