India, Egypt to push trade to $12 billion in next five years
Indian foreign direct investment (FDI) in Egypt is around $4 billion. In the past six months alone, Indian companies have invested around $170 million in the African Arab country. Egypt is hoping that India increases its presence in the Suez Canal Economic Zone.
RBI in talks with leading global peers to promote digital rupee payments
Barely months before unveiling the CBDC pilot in both retail and wholesale segments, the central bank allowed rupee settlement for international trade as a step towards internationalisation of the rupee. Banks from 18 countries have opened rupee vostro accounts since July last year, helping their importers settle payments in the rupee.
Not aware of any subpoena to US investors, regulatory checks a routine: Adani Group
Adani Group has denied knowledge of the US Securities and Exchange Commission subpoenaing its investors over representations made by the company to them following allegations by Hindenburg Research that offshore companies were used to manipulate share prices. The group added that its disclosures were public record, and that regulators frequently sought access to such material
Cyient DLM IPO to open on Tuesday. Here are 10 things to know about the offer
After a strong start to Ideaforge IPO, all eyes are on Cyient DLM’s public offer, which will open for subscription on June 27. The issue closes on June 30. The company’s shares are expected to get listed on both exchanges. Here are 10 things to know about the issue.
How ICICI Securities, Natco Pharma; SJVN look on charts for next trade
On Monday, Indian markets closed mixed after early gains. The S&P BSE Sensex was flat with a negative direction, while the Nifty50 index rose marginally. Notable stocks included ICICI Securities, which rose by 10%, as well as Natco Pharma, up nearly 3%, and SJVN, up 6.5% to reach a fresh 52-week high
5 charts show where stock market is headed after wild first half
The Nasdaq 100 is heading for its best H1 ever, with a surge of 36% so far this year. But Wall Street is concerned that the rally may be derailed by the Federal Reserve tightening its policy. Despite recession fears and bank failures, investors have remained optimistic as the US economy shows resilience and the […]
The mighty 7! Serum Institute, NSE among India’s top unlisted companies
Adar Poonawalla-helmed Serum Institute of India (SII) is India’s most valuable unlisted company, according to the Burgundy Private Hurun India 500 list
These 5 midcap stocks touch their new 52-week highs. Do you own any?
Can we create an emergency fund with a sweep fixed deposit? AR Hemant explains
But for somebody who is actively managing their deposits, who is aware of what is happening in the market, where the best rates are for them maybe there could be a slight advantage in creating the regular fixed deposits where the interest rates could be slightly higher.
Indian tea exporters see headwinds in 2023, seek promotional support from Tea Board
The exporters of the beverage consequently foresee a 10 per cent or more drop in shipments in the current fiscal after a growth of 18 per cent in 2022. The tea industry is also apprehensive about the quantity they will be able to produce in the current fiscal due to the unfavourable weather conditions.