Author: Anushka Joshi

Zomato share price increased 10.67% to 51.80 on the BSE. At the NSE, it skyrocketed 10.79% to 51.30. On Tuesday, shares of the online food delivery platform Zomato soared over 11 percent after the business announced that its consolidated net loss for the first quarter of the current fiscal year nearly halved from the previous quarter. On the BSE, the price of the stock increased by 10.67% to 51.80 rupees. On the NSE, it skyrocketed 10.79% to Rs 51.30 before settling. Zomato said on Monday that its consolidated net loss for the first quarter of the current fiscal year almost…

During Wednesday’s trading, MRF Ltd shares fell 4.66 percent to Rs 83628.8 per share Throughout the session, the price ranged between Rs 87240.1 and Rs 82615.4.

Stocks and bonds were steady on Wednesday, but the dollar fell ahead of U.S. inflation data that might indicate the Fed’s rate-hiking appetite. Investors were hesitant to move on Wednesday ahead of the publication of US inflation data, which might signal the Federal Reserve’s desire for more aggressive rate rises. As a result, stock markets around Asia saw declines, but the dollar maintained its stability. The Consumer Price Index (CPI) data will be announced at 12:30 GMT, and the markets will be monitoring for evidence that inflation fell in July despite the surprisingly good employment figures that were reported in the…

The Mortgage lender HDFC Ltd raised its benchmark lending rate by 25 basis points, hence boosting the cost of home loans for both new and existing clients. The price rise takes effect on August 9. The large Mortgage lender has now executed a total of two rate increases during August as a direct consequence of this most recent hike, bringing the overall number of rate hikes for this month to a total of four. The first hike, which took effect on August 1 and brought the total to 25 basis points, was for that amount. The most important home financing…

Regarding Biba Fashion’s initial public offering, Sebi said that the “issuance of observations has been deferred” without providing an explanation. The business, which is sponsored by Warburg Pincus and Faering Capital, submitted preliminary paperwork to Sebi on April 12 to seek capital through an initial public offering. The Securities and Exchange Board of India (Sebi) has halted the clearance process for Biba Fashion, initial public offering (IPO), according to a Monday update on the website of the market regulator. However, the Securities and Exchange Board of India (Sebi) did not provide any more clarification. On the 12th of April, the…

Adani Ports and Special Economic Zone (APSEZ) has announced that its net profit for the first quarter that ended in June decreased by 16 percent year-on-year (YoY) to a total of Rs 1,072.4. Claims by Karan Adani Karan Adani, the CEO and full-time director of APSEZ claimed “Q1 FY23 was the greatest quarter in APSEZ’s history” This fall was primarily caused by a loss in foreign currency. According to a filing with the regulatory authorities, the most extensive integrated logistics company in the nation had recorded a consolidated net profit of Rs 1,312.9 crore during the same time period the previous…

According to information provided to Parliament on Monday, the monetization of infrastructure assets worth more than 1.62 lakh crore rupees will take place during the current fiscal year. Monetization In a written reply to the Lok Sabha, Pankaj Chaudhary claimed Rs 97,000 crore worth of public assets were monetized in the past fiscal year. The government proposed last year a Rs 6 lakh crore National Monetization Pipeline (NMP) to unlock value in infrastructure assets across sectors, ranging from electricity to road and rail, in four years till 2025. This year’s new goal is approximately 67.5% higher than the 97 crores…

The RBI raised the repo rate by 50 basis points to 5.40 percent on Friday. The rate rise is crucial for variable-rate home loan holders. On Friday, the Monetary Policy Committee of the Reserve Bank of India (RBI) headed by Governor Shaktikanta Das raised the policy repo rate for the third time in a row. The Reserve Bank of India (RBI) decreased the repo rate in March 2020 with the intention of mitigating the effects of a covid-induced lockdown. After keeping the status quo in the benchmark interest rate for over two years, the RBI eventually decided to raise it…

The RBI MPC committee began deliberating bi-monthly monetary policy on Wednesday. They’re expected to raise the benchmark lending rate for the third time in August because of inflation. The  Global Monetary Policy Committee of the RBI began its three-day meeting on Wednesday. The six-member panel is deliberating on the country’s interest rates, taking inflation and other Inflation, the Global Monetary Policy Cycle, issues into account. The meeting is happening at a time when central banks around the world are raising interest rates and tightening monetary policy. The central bank has previously declared that it would reduce its monetary policy stance…

FPIs turned net buyers for the first time in July after nine straight months of massive net outflows, which started in October last year. Between October 2021 till June 2022, they sold a mammoth Rs 2.46 lakh crore in the Indian equity markets. Foreign investors have converted into net buyers and bought almost 5,000 crores in Indian shares in July on the back of a weakening dollar index and solid corporate profits. This comes after nine consecutive months of continuous selling by foreign investors. This starkly contrasts the stock market’s net withdrawal of Rs 50,145 crore in June. According to…