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Nifty Bank closes at 44,049 points on Wednesday

Nifty Bank closes at 44,049 points on Wednesday

14-12-2022  comments

Chennai (IANS) With growth in bank credit and lending rates going up faster than the interest on deposits, bank stocks performed well at the NSE with Nifty Bank touching a high of 44,151.80 points on Wednesday.

The Nifty Bank index opened strongly…

Contraction in manufacturing in Oct worst since Aug 20

Contraction in manufacturing in Oct worst since Aug 20

13-12-2022  comments

New Delhi (IANS) The 5.6 per cent contraction in manufacturing was the worst since August 2020, the Anand Rathi Research said in a report.

The worsening was broad-based yet part of the deterioration was due to transitory factors such as loss…

Indian rupee records 6.9?preciation in current FY

Indian rupee records 6.9?preciation in current FY

13-12-2022  comments

New Delhi (IANS) The Indian rupee has witnessed a depreciation of 6.9 per cent in the current financial year till November 30, the Parliament was told on Tuesday.

Exchange rate depreciation, other factors remaining unchanged, is likely to put…

Foreign Exchange Reserves declined between March 31- Sep 30

Foreign Exchange Reserves declined between March 31- Sep 30

12-12-2022  comments

New Delhi (IANS) The Foreign Exchange Reserves of India declined by US$ 74.65 billion to US$ 532.66 billion between March 31 and September 30.

"The Foreign Exchange Reserves of India stood at US$ 607.31 billion as on March 31, 2022. They declined…

Not waived off loans to big companies, Sitharaman tells Parliament

Not waived off loans to big companies, Sitharaman tells Parliament

12-12-2022  comments

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Monday clarified in the Parliament that the government has not waived off loans availed by big companies.

Replying to a question in the Lok Sabha by CPI member K. Subbarayan, who sought…

Retail inflation falls to 10-month low of 5.88%, factory output contracts

Retail inflation falls to 10-month low of 5.88%, factory output contracts

12-12-2022  comments

New Delhi (IANS) India's retail inflation, measured through consumer price index (CPI), fell to 5.88 per cent in November from 6.77 per cent recorded in October.

This is the first fall seen in retail inflation after a continuous rise for…

Parliamentary panel studying electricity amendment bill, seeks comments within 15 days

Parliamentary panel studying electricity amendment bill, seeks comments within 15 days

10-12-2022  comments

New Delhi (IANS) The Parliamentary Standing Committee on Energy on Friday sought stakeholders' comments on the Electricity Amendment Bill, 2022, which it is currently scrutinising, within the next 15 days.

The panel, which is headed by…

Paytm buyback shows firm believes shares are below intrinsic value, just how Berkshire Hathaway did it in the past

Paytm buyback shows firm believes shares are below intrinsic value, just how Berkshire Hathaway did it in the past

10-12-2022  comments

New Delhi (IANS) Paytm, India's leading mobile payments and financial services company, has informed the exchanges about its plans to buyback shares as its management believes that it will be beneficial for its shareholders.

The company…

itel launches Magic X Pro with 4G high-speed hotspot that connects up to 8 devices

itel launches Magic X Pro with 4G high-speed hotspot that connects up to 8 devices

09-12-2022  comments

New Delhi (IANS) itel, a leading mobile brand for Bharat, on Friday announced the launch of Magic X Pro 4G Phone in India which is touted as a path-breaking initiative to provide superior connectivity experience to the consumers.

Available…

India's Marico acquires Vietnamese Beauty X Corp for Rs 172 cr

India's Marico acquires Vietnamese Beauty X Corp for Rs 172 cr

09-12-2022  comments

Chennai (IANS) India's consumer goods major Rs 95 billion turnover Marico Ltd's subsidiary Marico South-East Asia Corporation (MSEA) has inked an agreement to acquire Vietnamese Beauty X Corporation for about Rs 172 crore.

According…

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