Countries interested in rupee settlement mechanism: RBI deputy governor
“Increased use of rupee in cross-border transactions requires a unified global market in rupee both in interest rates and currencies. Such unification would not only improve depth and liquidity of our markets, but they would also facilitate uniform pricing across borders,” he said Thursday at the annual day event of the Foreign Exchange Dealers Association […]
Will rupee hit 84? Further depreciation likely on cards amid dollar strength
The rupee has fallen 0.4% against the dollar this week, marking the sixth straight weekly fall
Asian Paints stock: Soft Q2 leaves investors disappointed. Should you sell?
The Nifty company also announced a capex of Rs 6,750 crore over the next 3-4 years with the primary objective of becoming a more cost-efficient producer that allows it flexibility to price more competitively. Analysts said the company management’s message is clear—prioritize market share gains/defense over margins and return ratios.
RIL to demerge financial services undertaking, list Jio Financial Services
The financial services business, currently under Reliance Strategic Investments, will be demerged, and the resulting entity will be named Jio Financial Services.
Hindustan Zinc Q2 Results: Net corrects sequentially due to high input costs, lower metal prices
The company reported a 36% year-on-year growth in its consolidated top line to Rs 8,336 crore
Samvat 2078 leaves D-Street investors richer by Rs 11 lakh crore
While the Sensex ended 465 points lower at 59,307.15 in Samvat 2078, Nifty ended 253 points lower at 17,576.30
Hindustan Zinc Q2 Results: Net profit rises 33% YoY to Rs 2,680 cr
Revenue from operations in July-September period increased to Rs 8,127 crore from Rs 5,958 crore in the year-ago quarter
PSU Bank stocks rally up to 5%, Nifty PSU Bank index hits record high
Nifty PSU Bank index hit an all-time high of 3,313, surging 3.11% in today’s intraday trade
India’s stocks are yet to feel tight money
To see why, start with what the brokerage HDFC Securities is calling the “changing contours of monetary transmission” in India. In March 2020, less than 10% of floating-rate rupee loans were priced off an external benchmark such as the RBI’s repurchase rate. By June this year, that figure had jumped to 47%. Taking advantage of […]
Hot Stocks: What should investors do with Asian Paints, Axis Bank, ITC post Q2 results?
The company is looking to extend its competitive edge. The current valuation asks for healthy growth, but there is margin pressure from a weak sales mix and high-cost inventory, the brokerage said.