RBI could extend incremental CRR to rein in liquidity
The RBI may not increase the repo rate as it ascertains the durability of high food prices while seeing the impact of previous rate hikes work their way through the economy, which faces threats from a weak external environment. The central bank can, however, bolster transmission of its policy actions and prevent borrowing costs from […]
Scheme for formal employment generation falls short of target
As per latest government data, enrolments under ABRY stood at 6.04 million as on July 22, 2023, well short of the revised target of generating 7.18 million jobs under the scheme but higher than its initial target of 5.85 million. Disbursements under the scheme are way behind target.
GQG, other investors pick up 8.1% in Adani Power in $1.1 billion deal
Worldwide Emerging Market Holding, part of the promoter group, offloaded 1.2% stake. Another promoter entity Afro Asia Trade and Investments sold its entire stake in the deal.
Ahead of Market: 10 things that will D-Street action on Thursday
A small positive candle formed on the daily chart with minor upper and lower shadows. Technically, this indicates a side-by-side bull candle type pattern
IndiGo’s Gangwal family offloads 2.9% stake in Rs 2,800 crore deal
Rakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data
Government saved 12 per cent in construction cost in awarding Dwarka Expressway project, says road ministry sources
According to reports, the Comptroller and Auditor General (CAG) had found that the National Highways Authority of India’s (NHAI) decision to go for an elevated carriageway on the Haryana portion of the Dwarka Expressway pushed up the construction cost to Rs 251 crore per kilometre from Rs 18.2 crore per km estimated earlier.
No point of INDIA alliance if Congress has decided to contest alone in Delhi in Lok Sabha polls: AAP
AAP chief spokesperson Priyanka Kakkar said its top leadership will take a call on attending the Mumbai meeting of the opposition bloc INDIA, following the statement of Congress leader Alka Lamba. Congress leaders from Delhi on Wednesday held a meeting with the party’s top leadership to review its preparedness for the Lok Sabha elections and […]
Urban poor most impacted in July inflation surge: Crisil
“Poorest segment in urban areas faced highest inflation rate in July,” said the note, released days after official data said that the headline inflation accelerated to 7.44 per cent for July.
Tech View: Consolidation on cards for Nifty. What traders should do on Thursday expiry
Technically, this pattern indicates a side-by-side bull candle-type pattern, but the placement of the pattern is not ideal. Hence, one may expect a minor upside bounce from here, but the sustainability of this bounce could be a big question on the market, said Nagaraj Shetti, HDFC Securities.
PSU defence stocks on fire! GRSE, Cochin Shipyard zoom up to 19%. Here’s why
Shares of warship maker GRSE rallied 19% to hit a new 52-week high of Rs 781 on BSE after the company reported its best-ever net profit of Rs 77 crore in the June quarter. The firm saw a 54% rise in net profit as compared to the Rs 50 crore it reported in the year-ago […]