Jefferies upgrades Tata Steel, Hindalco
The stock closed at ₹119.1. In the past three trading sessions, Tata Steel’s stock futures have seen a near 20% jump in open interest indicating build-up of fresh bullish bets.
Centre hikes windfall tax on locally produced crude
The windfall tax on aviation turbine fuel has been hiked to ₹4.5 per litre from the existing ₹1.5 per litre, as per a notification issued by the Central Board of Indirect Taxes and Customs.
Dalal Street starts new year on strong note
Activity will, however, pick up later this week as the US Federal Reserve will release the December policy meeting minutes on Wednesday, which investors will parse through for clues on the direction of interest rates. The US will also release the December jobs report on Friday, seen as a key factor for the American central […]
Bank loans to services sector surpass credit to industries
Data available till November 18, 2022, show the outstanding loans to the services sector at ₹33.15 lakh crore, up 21.3% in one year. Outstanding loans to the industrial sector rose 13.8% in the same period to ₹32.94 lakh crore.