February 14, 2023 New Delhi, India Paytm Shares Paytm, India’s leading digital payments and financial services company, faces a severe downturn as its shares plummet amidst regulatory turmoil. The Reserve Bank of India’s (RBI) recent restrictions on its subsidiary, Paytm Payments Bank (PPB), have exacerbated investor concerns, leading to significant losses in stock value. Regulatory…
February 13, 2023 New Delhi, India Dividend Declarations Several prominent companies including Gulf Oil Lubricants India and Dr. Lal PathLabs have declared interim dividends for the financial year ending March 31, 2024. Dividend Details Gulf Oil Lubricants India announced an interim dividend of ₹16.00 per equity share, while Dr. Lal PathLabs approved ₹12.00 per equity…
February 13, 2023 New Delhi, India Indian Rupee’s Recent Performance Economic Data Releases The Indian Rupee’s performance is under scrutiny as key economic indicators and technical trends shape its trajectory. Recent data releases shed light on the currency’s resilience amidst a complex economic landscape. Indian Economic Indicators India’s retail inflation eased to a three-month low…
February 13, 2023 New Delhi, India Rashi Peripherals IPO Allotment Status Announced Investors eagerly awaiting the outcome of the Rashi Peripherals IPO can now check their application status online, as the allotment status has been officially declared. The IPO, which garnered significant attention in the market, has seen its shares trading at a premium of…
February 12, 2023 New Delhi, India Gold Price Steadies Amidst Market Uncertainty In the ever-fluctuating landscape of financial markets, gold has found itself in a period of consolidation. Factors such as uncertain monetary policy from the Federal Reserve and easing geopolitical tensions are keeping traders on their toes. Federal Reserve’s Influence on Gold The Federal…
February 12, 2023 New Delhi, India Indian Rupee Struggles Amid Economic Uncertainty The Indian Rupee (INR) is under pressure against the US Dollar (USD) as investors await crucial economic data and policy decisions from the Reserve Bank of India (RBI). Central Bank Policy and Economic Data Influence Market Sentiment The RBI is expected to maintain…
February 12, 2023 New Delhi, India Mamaearth Share Price Surges by Nearly 10% as Q3 Net Profit Skyrockets 264% In a remarkable financial performance, Mamaearth, the popular personal care and wellness brand, witnessed a substantial surge in its share price. The company’s stock price soared by nearly 10% following the release of its Q3 financial results….
February 12, 2023 New Delhi, India Paytm E-commerce Renamed Pai Platforms Paytm E-commerce, a prominent player in India’s e-commerce landscape, has undergone a significant transformation. The company has rebranded itself as Pai Platforms after receiving approval from the Registrar of Companies. This strategic move comes alongside the acquisition of Bitsila, an established seller platform operating…
February 9, 2023 New Delhi, India SEBI Takes Action Against Zee Business Guest Experts The Securities and Exchange Board of India (SEBI) has imposed penalties on 15 guest experts of Zee Business channel for engaging in unlawful trading activities. This regulatory action comes as a response to the discovery of a scheme of manipulation aimed…
February 9, 2023 New Delhi, India Gold Prices React to Mixed Signals Amid Global Uncertainty Market Indecision at the 50-Day Moving Average Gold prices are currently at a critical juncture, trading near the pivotal 50-day moving average of $2033.88. This level reflects the market’s uncertainty, with traders grappling between conflicting factors influencing gold’s trajectory. Geopolitical…
