1/6 A strong earthquake shook southern Ecuador and northern Peru on Saturday, killing at least 14 people, trapping others under rubble, and sending rescue teams out into streets littered with debris and fallen power lines. (AP Photo) 2/6 Residents and rescue workers stand in front of buildings brought down by an earthquake. (AP Photo) 3/6 […]
Month: June 2023
Cyclone Biparjoy is coming! Heavy rains lash Gujarat – See picsCyclone Biparjoy is coming! Heavy rains lash Gujarat – See pics
Cyclone Biparjoy is less than 200 kilometres from the Gujarat coast and its impending landfall. The India Meteorological Department (IMD) says that ‘Biparjoy’ is a Very Severe Cyclonic Storm with damaging potential. 2-3m high tidal waves are expected in Kachchh and extremely heavy rainfall with high windspeed is expected in Porbandar and Dwarka districts in […]
India’s imports of Russian oil fall to seven-month low in AugustIndia’s imports of Russian oil fall to seven-month low in August
India’s import of cheap Russian oil plunged to lowest in seven months in August as monsoon rains dampened demand, industry data showed. The world’s third largest oil consumer reduced imports from Russia for a third consecutive month in August. It took 1.46 million barrels a day from Russia in August, down from 1.91 million barrels […]
Rupee to face strong resistance near 82.80, slip back to 81.80 amid softening crude oil prices, USD correctionRupee to face strong resistance near 82.80, slip back to 81.80 amid softening crude oil prices, USD correction
By Raj Deepak Singh, Analyst, ICICI direct Rupee appreciated last week amid weakness in dollar, softening of crude oil prices and upbeat economic data from country. India’s GDP grew by 6.1% in Q4FY23, pushing the overall growth rate to 7.2% for FY23 despite global headwinds. Dollar retreated as disappointing economic data from US and comments […]
BoI offers 7.5 per cent interest rate on 175-day special fixed depositBoI offers 7.5 per cent interest rate on 175-day special fixed deposit
State-run Bank of India (BoI) on Tuesday introduced a new bulk deposit scheme offering 7.50 per cent per annum on deposits of Rs 2 crore and above having a 175-day tenure. The city-based bank was offering an interest rate of 6 per cent for a similar amount for 174-day deposits earlier. The new offer is […]
GradRight claims to process loans worth $2 billion in last two years; aims to further expand into international markets GradRight claims to process loans worth $2 billion in last two years; aims to further expand into international markets
GradRight, an ed-fintech firm, claims to have reached out to about two lakh students from tier-2 and tier-3 cities. Approximately 90,000 students actively engage with the platform to determine their optimal college choices and identify suitable loan options, it stated. GradRight claims to assist students throughout the process of filing applications besides loan procedures, providing […]
Buzzing stocks on 25 August: Jio Financial Services, Paytm, PI Industries, Kfin Technologies, Shoppers StopBuzzing stocks on 25 August: Jio Financial Services, Paytm, PI Industries, Kfin Technologies, Shoppers Stop
The domestic markets traded firmly in the red on Friday. Nifty gave up the 19,300 level, while Sensex was under the pivotal 65,000 mark at 64,982.4. The broader markets fared worse than the benchmarks, with some indices falling up to 0.9%. Here’s a look at the buzzing stocks in trade. Jio Financial Services RIL’s demerged […]
NSE, BSE impose Rs 5.36 lakh fine each on Power Grid CorporationNSE, BSE impose Rs 5.36 lakh fine each on Power Grid Corporation
BSE and National Stock Exchange have imposed a fine of Rs 5.36 lakh each on state-owned Power Grid Corporation for not having the required number of independent directors including one woman on their board in the June quarter. “Company has received notices from National Stock Exchange of India (NSE) and BSE on August 21, 2023, […]
Russia lifts ban on most diesel exportsRussia lifts ban on most diesel exports
Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports are still in place. “The government lifted restrictions on exports of diesel fuel delivered to seaports by pipeline, provided that the manufacturer supplies at least […]
Sunteck Realty: Jefferies says recent revamp plans to support growth, see 28% upside and maintains ‘Buy’ at Rs 555Sunteck Realty: Jefferies says recent revamp plans to support growth, see 28% upside and maintains ‘Buy’ at Rs 555
Jefferies see 28% upside potential in Sunteck Realty stocks on account of Improved growth and governance prospects. The share price of Sunteck Realty surged nearly 7% to hit a 52-week high of Rs 481.90 during the intra-day trade on Wednesday. Jefferies has maintained ‘Buy’ rating on the scrip with a revised upside target or Rs […]