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Friday, May 13, 2022

Markets rebound after heavy fall in previous trade; Sensex rallies over 635 points

May 13, 2022 10:23:15 am

The 30-share BSE Sensex was trading 635.43 points higher at 53,565.74. The broader NSE Nifty jumped 186.4 points to 15,994.40.

stocks to watch today

From L&T to Apollo Tyres: Here are top stocks to watch on May 13

May 13, 2022 9:47:52 am

Stocks to watch: From Poonawalla Fincorp to Jammu and Kashmir Bank, here are the key stocks to look out for on Friday's trade.

manufacturing projects, Bank of Baroda, manufacturing sector, Manufacturing industry, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

FY22: 93.7% rise in new manufacturing projects, says Bank of Baroda study

May 13, 2022 4:58:48 am

'Services and the construction sector still seem to be lagging from losses suffered during multiple waves of Covid-19 pandemic, with new project announcements running below their pre-pandemic levels'

Reserve Bank of India, inflation, retail inflation, CPI inflation, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

‘Low-income strata less impacted by inflation, show consumption trends’

May 13, 2022 3:58:23 am

Data released on Thursday showed that retail inflation surged to a 95-month high of 7.97 per cent in April on the back of high fuel, food prices and services. Rural inflation surged to an 8-year high in April, while urban inflation rose to 18-month high.

As FPI exits hit forex reserves, RBI stepped up gold purchases

May 13, 2022 4:56:20 am

RBI’s gold acquisition happened at a time when foreign portfolio investors (FPIs) were exiting India and forex reserves declined by $44.73 billion from $642.45 billion in September 2021 to $597.72 billion on April 29, 2022, as per Reserve Bank data.

3 Important Tips To Avail Instant Pre-Approved Personal Loan

May 12, 2022 9:14:05 pm

A quick guide as to how existing Bajaj Finserv customers can avail of pre-approved Personal Loans from the lender within 4 hours*

cpi retail inflation

Retail inflation at 8-year high of 7.79% in April

May 13, 2022 12:25:20 am

High price levels of fuel and food items, especially of vegetables, spices and oils/fats, along with household services, contributed to the sharp rise in inflation, a level which is seen as being partly responsible for preempting the unscheduled repo rate hike of 40 basis points by the RBI last week.

Prudent IPO, Prudent Corporate IPO

IPO Wrap: Prudent Corporate Advisory Services IPO subscribed 1.22 times on final day led by retailers and QIBs

May 12, 2022 5:27:59 pm

Prudent IPO subscription status: The initial public offering (IPO) of retail wealth management firm Prudent Corporate Advisory Services was subscribed 1.22 times on the final day.

rupee, rupee vs dollar, indian rupee vs us dollar, usdinr

Annual salary hikes inch closer to pre-Covid levels; to be around 8.13% this year: Report

May 12, 2022 5:04:09 pm

According to the 'Jobs and Salary Primer Report for FY2022 by TeamLease', unlike the last two years, this year most of the job roles from across sectors have been considered for a salary hike, however, the increments will be moderate.

Tata Group appoints Campbell Wilson as CEO & MD of Air India

May 13, 2022 4:58:08 am

Earlier this year, Tata Group had named Turkish Airlines Chairman Ilker Ayci as Air India's CEO & MD, but he subsequently denied the position.

Gold Prices Today, Silver price today news

Gold, Silver Prices Today: Gold inches up Rs 79/10 gm, silver crashes Rs 990/kg

May 12, 2022 3:11:19 pm

Gold Prices Today, 12 May 2022, Gold, Silver Rates Today: The opening price for 999 purity gold was Rs 51,284 per 10 grams, up Rs 79 from Wednesday’s closing price of Rs 51,205, while that of 999 purity silver was Rs 60,460 per kg, down Rs 990 from Rs 61,450. Read below to find out bullion prices.

softbank, softbank group, softbank news

SoftBank racks up record $26 billion Vision Fund loss

May 12, 2022 1:13:49 pm

The loss was in stark contrast to a year earlier when SoftBank posted record annual profit, surpassing global heavyweights such as Warren Buffett's Berkshire Hathaway, after the listing of South Korean e-commerce firm Coupang.

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Supreme Court refuses to interfere with LIC IPO, declines interim relief

May 13, 2022 1:57:46 am

SC agrees to examine amendment made to LIC Act, 1956 by way of the Finance Act, 2021.

Japan has long sought more inflation and a weak yen. But not like this.

May 12, 2022 11:41:02 am

While overall inflation remains moderate, food and energy costs are rising rapidly, an outgrowth not of increased demand, but of market turmoil related to the pandemic and Russia’s invasion of Ukraine. And the yen has hit a two-decade low against the dollar, a dizzying drop of more than 18% since September that has unnerved Japanese businesses.

rupee, rupee vs dollar, indian rupee vs us dollar, usdinr

Rupee falls 30 paise to 77.55 against US dollar in early trade

May 12, 2022 11:17:53 am

At the interbank foreign exchange, the rupee opened sharply lower at 77.52 against the American dollar, then lost further ground to quote 77.55, registering a fall of 30 paise from the last close. In initial deals, the domestic currency was moving in a range of 77.50 and 77.57.

stock markets, Sensex, equity schemes, Passive funds, India news, Indian express, Indian express news, current affairs

Sensex falls 2%, Rupee at record low

May 13, 2022 4:59:53 am

The benchmark Sensex dove 1,158 points to 52,930.31 and the NSE Nifty by 359 points at 15,808.00 as the broad sell-off, led by foreign investors, hit sentiment.

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LIC IPO share allotment likely today: Here’s how to check your status online

May 12, 2022 2:36:58 pm

LIC IPO allotment status: The initial public offering (IPO) of insurance sector behemoth Life Insurance Corporation of India (LIC) was subscribed 2.95 times and the shares will now get allotted to investors. Here's how to check if you have been allotted the shares.

Securities and Exchange Board of India, US Securities Exchange Commission (SEC), Sebi, Central Board of Direct Taxes (CBDT), Business news, Indian express business news, Indian express, Indian express news, Current Affairs

In House panel meet, SEBI flags need to tap phones during probe

May 12, 2022 7:47:31 am

Members of the Standing Committee said the issue came up during a “study tour” meeting with SEBI in Mumbai on May 6, which was attended by the regulator’s chairperson Madhabi Puri Buch and other members

N Chandrasekaran: ‘Out of recent relentless history, five mega-trends to shape us all’

May 12, 2022 5:29:43 am

He said these mega-trends are digital adoption, supply chain re-balancing, sustainability, focus on health and wellness and a global talent pool.

DGCA finds minor flaws in aircraft maintenance during spot checks

May 12, 2022 5:50:05 am

The DGCA inspections came in the aftermath of the May 1 incident on SpiceJet's Mumbai-Durgapur flight that left several passengers injured as the plane underwent severe turbulence.

Morgan Stanley: GDP growth to fall to 7.4%; 6% repo by Dec

May 12, 2022 5:30:25 am

Within Asia, India would be the economy which will be most exposed to upside risks to inflation, given the higher energy import burden and sustained strength in domestic demand, Morgan Stanley said in its report.

Beating inflation: RBI may have to kill demand, hike rate, suck liquidity

May 12, 2022 11:33:52 am

Most of the risks to inflation are seen emerging from the crisis due to the Ukraine-Russia war. The repo rate – the rate at which the RBI lends to banks – was 5.15 per cent in February 2020 before the pandemic.

‘Informal pressure from RBI’: Days after launch, Coinbase axed UPI services

May 12, 2022 11:26:52 am

India is a "unique" market in that the Supreme Court has ruled that cryptocurrencies can not be banned. However, "there are elements in the government there, including at the RBI who don't seem to be as positive on it," said Coinbase co-founder and CEO Brian Armstrong.

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Venus Pipes IPO fully subscribed within hours of opening: Here’s everything you need to know

May 11, 2022 8:17:54 pm

Venus Pipes IPO: The Rs 165.41 crore initial public offering (IPO) of Venus Pipes and Tubes is available from May 11-13, 2022. It has a price band of Rs 310-326 per share.

Quoting PAN or Aadhaar must for deposit/withdrawal of Rs 20 lakh, current A/C opening

May 11, 2022 7:14:09 pm

The CBDT in a notification, said furnishing PAN or biometric Aadhaar will be mandatory for such high-value deposits or withdrawals from banks in a financial year, or opening of a current account or cash credit account with a bank or post office.