Deficient rainfall, lower sowing of rice & pulses push prices higher

New Delhi (IANS) Deficient rainfall and the consequent lower sowing of rice and pulses have pushed prices higher.

Kharif sowing as of July 14 stood at 1.6 per cent lower than last year. This is mainly due to lower sowing of rice and pulses,…

Jio Financial Services likely to list at Rs 160 per share: Axis Securities

New Delhi (IANS) Axis Securities had recommended investors to buy Reliance Industries before the record date of July 20 and believe it to be a more economical way to buy Jio Financial Services (JFSL) which is likely to list at Rs 160/share (1x RIL’s…

Sitharaman to chair G20 meet of finance ministers, central bank governors tomorrow

New Delhi (IANS) Finance minister Nirmala Sitharaman on Sunday embarked on a visit to Gandhinagar to attend the third G20 Finance Ministers and Central Bank Governors (G20FMCBG) meetings, which is to be held under India's G20 presidency on July…

India's ambitious skilling upgrade plan sets course for transformative future on World Youth Skills Day 2023

New Delhi (IANS) As machines get smarter and the world gets more specialised, India is taking significant strides towards becoming the skills capital of the world.

The government is drawing up an ambitious skilling upgrade plan aimed at training…

Lower realisations, higher raw material cost to adversely impact steel firms’ margins

New Delhi (IANS) Margins for steel companies are expected to decline QoQ in 1Q, JM Financial Institutional Securities said in a report.

Recent correction in Coking coal prices is likely to aid spreads for steel majors from 2QFY24.

Metal…

Unlike domestic inflation print, globally food prices ease across categories

New Delhi (IANS) With a weightage of 0.57 per cent in the CPI basket, pricing pressures in Tomato is unlikely to substantially impact the headline inflation unless prices of other two main crops (potato and onion) move in tandem, JM Financial Institutional…

BSE Sensex crosses milestone of 66,000 points led by IT heavyweights

New Delhi (IANS) BSE Sensex crossed the milestone of 66,000 points on Thursday morning.

BSE Sensex is up 625 points in a ferocious rally at 66,019 points powered by positive cues from the US market.

Sensex was up 586 points at 65,980…

Bank stocks selloff drags down Nifty from all-time high

New Delhi (IANS) The Nifty reached a new record high of 19,567 intraday on Thursday, but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day, said Rupak De, senior technical analyst at LKP Securities.

Tesla car for Rs 20 lakh in India still a distant dream, say experts

New Delhi (IANS) As reports surfaced on Tesla considering a cheaper Model 3 in India around Rs 20 lakh as it mulls bringing its supply chain ecosystem to the country in the near future, industry experts on Thursday said achieving this price range…

Signs of overheating in small cap stocks

New Delhi (IANS) There are signs of overheating in the small-cap space. Some leading mutual funds in the small-cap segment have stopped fresh lump sum investment in their schemes, says V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial…