By Tapan Patel Commodity prices traded higher with most of the commodities in the non-agro segment witnessed strong recovery during the week following the weaker dollar. Bullion prices rallied on safe haven buying post disappointed US GDP data and modest rate hike from FED. Crude oil prices traded up on higher demand and capped supplies …
M1xchange, one of the three Reserve Bank of India (RBI) recognised online invoice discounting and financing platforms, is eyeing nearly Rs 45,000 crore in throughput value in the current financial year, higher than Rs 23,100 crore in FY23, CEO Sundeep Mohindru told FE. Throughput value is the overall value of bills/invoices discounted or financed on …
S&P BSE Sensex and NSE Nifty 50 have soared more than 1% so far this week as bulls continued to dominate Dalal Street. Volatility has also slipped from its highs of close to 21 levels to not sit near 18 levels. Next week is once again a holiday-shortened one for Sensex and Nifty, however, there …
Jaora MP Assembly Election 2023 Details: The election for Jaora Assembly Constituency in Madhya Pradesh will be held on November 17 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Jaora Constituency Assembly Election 2023 that …
By Bhavik Patel WTI rallied almost 3.5% on Thursday after trading at a 6 month low as there is worry of tight supply. For the past 2 months, oil prices are falling steadily on account of recession fears. U.S. crude oil inventories, excluding those in the SPR, are now just 425 million barrels, 6% below …
The rupee is expected to depreciate on Friday amid a rise in crude oil prices. Further, investors will closely watch forex reserves data from India for more clarity. “US$INR (August) is likely to trade in a range of 79.60-79.80,” said ICICIDirect. In the previous session, rupee depreciated 19 paise against the US dollar, following the …
After turning net buyers last month, foreign investors continued their positive stance on Indian equities and invested over Rs 14,000 crore in the first week of August amid softening of the dollar index. This was way higher than the net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in entire July, data …
With venture debt funds shying away from subscribing to equity warrants at high valuations, most start-ups are closing out pure-debt deals at high coupon rates. “Start-ups are taking on debt at higher than the usual 14-15.5%. Interest rates on these can go as high as 18-20%,”said an investor. The number of deals, with an equity …
InterGlobe Aviation, the parent company of IndiGo, reported a consolidated net loss of Rs 1,064.26 crore for the April-June quarter. The net loss narrowed from Rs 3,174.18 crore witnessed in the year-ago quarter. IndiGo stock was trading flat on Thursday morning but analysts see reasons to board this low-cost airline stock as a drop in …
European stocks reversed early losses on Thursday as investors remained bullish even after Federal Reserve policy meeting minutes and comments from a European Central Bank official showed that the inflation outlook had not improved. Stocks have staged a strong rebound in the past two months on hopes a peak in the pace of monetary tightening …