January 18, 2023 New Delhi, India Indian Rupee Resilience Amid Global Economic Dynamics In a recent turn of events, the Indian Rupee (INR) has shown strength against the US Dollar (USD), driven by a combination of factors that include the Reserve Bank of India’s (RBI) optimistic economic outlook and anticipation surrounding key US data releases….
January 18, 2023 New Delhi, India Baweja Studios IPO Details Baweja Studios Limited, a leading production company in India, has announced its initial public offering (IPO) with a price band of ₹180-190 per equity share. The IPO will open for subscription on January 29, 2023, and close on February 1, 2023. The allocation to anchor…
January 18, 2023 New Delhi, India Sun Rises on Australian Premium Solar: Shares Jump 159% Investing in Sunshine: Australian Premium Solar’s shares soared on their debut Thursday, reaching an eye-watering premium of 159.2% over the issue price. Listing at ₹140 apiece on the NSE SME platform, the stock quickly hit the 5% upper circuit, highlighting…
January 17, 2023 New Delhi, India Market Reacts as HDFC Bank Shares Witness Sharp Decline Post Q3 Results In a notable market development, HDFC Bank’s shares experienced a significant drop of 8.46% to close at ₹1,536.90 on the BSE, following the release of its Q3 results on Wednesday. The decline, though substantial, comes despite the…
January 17, 2023 New Delhi, India Maxposure IPO Investors are showing immense enthusiasm for the Maxposure IPO, which is currently open for subscription until January 17. The company, a new-age media and entertainment player, has garnered significant attention due to its diverse services and impressive financial performance. IPO Overview: Maxposure aims to raise ₹20.26 crores…
January 17, 2023 New Delhi, India Indian Rupee (INR) Continues Upside Trend Amid Strong US Dollar The Indian Rupee (INR) is facing upward pressure against the US Dollar (USD) as the greenback extends its strength. Traders are closely monitoring key developments, including the Reserve Bank of India’s (RBI) perspective and upcoming economic indicators. RBI Governor…
January 16, 2023 New Delhi, India WTI Prices In recent developments, the West Texas Intermediate (WTI) crude oil price has surged to $72.70 per barrel, driven by a confluence of geopolitical events affecting the energy landscape. Supply Disruptions in the Red Sea: The Red Sea is experiencing supply disruptions due to attacks by Yemen’s Houthi…
January 16, 2023 New Delhi, India Government Initiates Strategic Tax Adjustment To bolster the domestic energy sector, the Indian government has decided to reduce the windfall tax on domestically produced crude oil. The tax, previously set at Rs 2,300 per tonne, will now stand at Rs 1,700 per tonne, effective January 16. Understanding the Windfall…
January 16, 2023 New Delhi, India USD/INR Analysis Amidst rising geopolitical tensions and economic shifts, the USD/INR currency pair is witnessing fluctuations, primarily influenced by a stronger US Dollar and events in the Red Sea. Geopolitical Factors Driving USD/INR Movement: Recent Houthi attacks on commercial ships in the Red Sea have heightened global supply chain…
January 16, 2023 New Delhi, India JFS Q3 Results Jio Financial Services, a subsidiary of Reliance Industries, witnessed a significant decline in quarterly profits for the October-December period, marking a departure from the previous quarter’s robust performance. Financial Performance Decline: In the latest financial report, Jio Financial Services disclosed a net profit of Rs 293…
