India has criticised the European Union and UK at the World Trade Organisation for continuing with the safeguard measures on its steel exports. At the meeting of the Committee on Safeguards at the WTO, India was joined in the protest by Switzerland, Brazil, China, Korea and Russia against the safeguards that were imposed when the …
EkStep Foundation launched the Open Network for Education and Skilling Transformation – ONEST – incubated by EkStep and backed by the Open Network for Digital Commerce. With partners including; Open Network for Digital Commerce, Protean, the Foundation for Interoperability in Digital Economy, ONEST aims to facilitate the lives of students, professionals and job seekers from …
With the real estate sector spreading its roots across key markets driven by rising demand and strong sales, investors are now more actively looking for avenues to get big slices of the growth pie. Over the years the real estate sector has become more mature due to the introduction of regulations, and this has begun …
Rakesh Jhunjhunwala continues to remain bullish on domestic stock markets even as Dalal Street, along with global peers, faces multiple headwinds. “I think the (domestic) stock markets will grow regardless of global developments,” Rakesh Jhunjhunwala told CNBC TV18 in an interview. Although he remains a proponent of Indian markets, he said that the pace at …
BSE Sensex and NSE Nifty 50 were trading half a per cent up on Wednesday, a day before weekly F&O expiry. Stocks of index heavyweights such as Reliance Industries (RIL), Bajaj Finance, Hindustan Unilever (HUL), Infosys, and Bajaj Finserv contributed the most to the indices’ gain. Amid today’s up move, S&P BSE Sensex soared past …
Indian retail companies reported a strong earnings in the quarter ended June 2022. Q1FY23 was impressive with 3 per cent and 11 per cent sales and EBITDA outperformance respectively. Most companies comfortably topped pre-covid trends. According to analysts at Edelweiss Securities, business outlook provided by retail companies and the trends, at large, are positive, indicating …
Jubilant Foodworks, which operates Domino’s restaurants in India, on Wednesday posted second quarter profit at Rs 97.20 crore, down 26.1 per cent in comparison to Rs 131.53 crore during the second quarter of FY23, surpassing estimates. It posted revenue from operations at Rs 1368.63 crore, up 5.2 per cent as against Rs 1301.49 crore during …
High volatility in the stock market, concerns over inflation and rate hike expectations in the past few weeks took a toll on investors, both equity and mutual funds. In the month of July, inflows in equity mutual funds dropped by 42 per cent to Rs 8,898 crore, according to the data released by the Association …
An analysis of pledged holdings of BSE-500 stocks shows that the value of the promoter (majority shareholder) pledged holding as a percentage of promoter holding declined to 1.5% in the June 2022 quarter from 1.7% in the previous quarter. Promoters of 81 companies in the BSE-500 index have pledged part of their holdings in the …
The Indian rupee is expected to trade in a rangebound manner on Wednesday amid weak inflation data in India, rally in regional currencies, risk assets and lower crude oil prices. Annual inflation rate in the country edged lower to a five-month low of 6.71% in July of 2022 from 7.01% in June, compared to market …