Indian shares are set to open lower on Wednesday as a sharp rise in July domestic inflation hurt sentiment, while global peers fell on interest rate concerns in the U.S. and worries over China’s economy. India’s GIFT Nifty on the NSE International Exchange was down 0.40% at 19,396.00 at 7:59 a.m. IST. The figures breached […]
Global Uncertainties – Will they fog the Indian growth story?Global Uncertainties – Will they fog the Indian growth story?
By Parry Singh In recent times, the world has been experiencing unprecedented uncertainties due to geopolitical tensions, global banking crises, and the potential for an economic downturn. These factors have created an atmosphere of concern and insecurity, which may inevitably impact India’s growth prospects. However, India has demonstrated its ability to withstand such challenges in […]
Gold Price Today, 31 August: MCX gold slips marginally; support at Rs 59200-58950, resistance at Rs 59650-59810Gold Price Today, 31 August: MCX gold slips marginally; support at Rs 59200-58950, resistance at Rs 59650-59810
Gold Price Today, Gold Price Outlook, Gold Price Forcast: MCX Gold prices slipped marginally on Thursday, while silver rates tumbled 0.32%. On the Multi Commodity Exchange, gold October futures were trading at Rs 59,460 per 10 grams, down by Rs 18 or 0.03%. Silver December futures were trading down by Rs 243 at Rs 76,037 […]
Moody’s downgrades Vedanta Resources, outlook remains negativeMoody’s downgrades Vedanta Resources, outlook remains negative
Moody’s Investors Service has downgraded the rating of Vedanta Resources Ltd because of the elevated risk of debt restructuring over the next few months, as the firm has not made progress on refinancing its upcoming debt maturities. Moody’s said it has downgraded to Caa2 from Caa1, the corporate family rating (CFR) of Vedanta Resources Limited […]
Deal closures taking longer due to higher due diligenceDeal closures taking longer due to higher due diligence
Deal closures are taking longer as investors are taking a lot more time in due diligence than before , said top investment bankers. Control deals typically take six to eight months now as compared to the four to five months’ timeframe that would be taken by investors before the pandemic, Chandresh Ruparel, managing director and […]
HDFC stock gains on the back of Q2 results; Should you buy, sell the stock?HDFC stock gains on the back of Q2 results; Should you buy, sell the stock?
HDFC Bank’s share price surged on the back of 50.60% jump in its Q2 net profit. On a half-yearly basis, the net profit grew 41% to 27,928 crore. This was the first quarterly financial result of the bank post merger with HDFC, which came into effect on July 1. However, the second quarter financial numbers […]
Nifty might attempt to reclaim 19,840; traders increase long positions in Auto, Capital Goods, Pharma, RealtyNifty might attempt to reclaim 19,840; traders increase long positions in Auto, Capital Goods, Pharma, Realty
By Anand James July series ended with Nifty rollovers at 84%, marking the highest level recorded in the past year and a half. The Auto, Capital Goods, Energy, Oil & Gas, Pharma, Realty and Telecom sectors experienced significant increase in long positions. Meanwhile, the Media sector saw short covering. In the Chemical sector, all its […]
Nifty fails to hold above 19,400, Sensex too ends off high; FMCG, Tech see sharp decline, banks under pressureNifty fails to hold above 19,400, Sensex too ends off high; FMCG, Tech see sharp decline, banks under pressure
Benchmark Indices Nifty 50 and Sensex ended Thursday’s session in the red. The NSE Nifty 50 slipped below the crucial 19,400 mark, off intra-day highs and the Sensex slipped 388.40 points to 65,151.01. FMCG, Oil & Gas and tech stocks were under pressure while select infra counters saw steady gains. The top gainers on the […]
Rupee hits 11-month low on China, oil concernsRupee hits 11-month low on China, oil concerns
The rupee fell to its lowest in nearly 11 months during intra-day trade on Wednesday, owing to a rally in oil prices and weakness in peer currencies, including the Chinese yuan. “USD-INR spot closed at 83.14 to hit its lowest levels in 11 months on the back relentless demand from oil marketing companies and speculative […]
On the spot with Upasna Dash, founder and CEO, Jajabor Brand ConsultancyOn the spot with Upasna Dash, founder and CEO, Jajabor Brand Consultancy
Campaign: Fills Most Voids Brand: CRED Why the campaign rocks: Building a brand today demands strategic insight, venturing beyond the expected and finding allies in the unexpected. Partnering with contrarian brands – those defying convention and embracing authenticity – presents a potent strategy. These partnerships with a timeless influence offer narratives richer than manufactured smiles. […]