global economy: Amid increased global economy risks, RBI says India’s external vulnerability indicators show resilience
NEW DELHI – Amid the global economic turmoil caused by Russia’s invasion of Ukraine and the US Federal Reserve’s monetary tightening plans, India’s central bank believes that the country’s economic fundamentals would help it weather the global storm. “…external vulnerability indicators exhibit resilience and strengthening domestic macroeconomic fundamentals would help the economy withstand spillovers from…
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nifty50: Tech View: Nifty50 breaches 20-day SMA, faces immediate hurdle at 16,400
NEW DELHI: Nifty50 on Friday breached its 20-day simple moving average (SMA) and settled above the 16,350 level and formed a bullish candle on the daily chart and a ‘Hammer’ candle on the weekly chart, hinting at a reversal ahead. Analysts said a close above 16,400, the upper end of the ongoing consolidation range, can…
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fdi: FPI was capricious, but FDI delivered the goods in 2021-22. Where the money came from
NEW DELHI: Even as foreign portfolio investment flows in India were marked by significant volatility in 2021-22, net foreign direct investment remained robust, with the country witnessing an accretion of $63.5 billion to foreign exchange reserves on a balance of payments basis, the Reserve Bank of India said. Adverse net terms of trade shocks and…
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rbi: Six months before COVID struck, this move protected India Inc from pandemic, says RBI
NEW DELHI: Around six months before the first lockdown was imposed to stem the spread of the coronavirus, the government took a step that subsequently went on to shield Indian corporates from the COVID crisis, the Reserve Bank of India said. The step in question is the Centre’s decision to slash corporate taxes in September…
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Paradeep Phosphates listing: Paradeep Phosphates lists at 4% premium on BSE
New Delhi: Paradeep Phosphates made a positive debut on the Dalal street as the non urea fertilizer manufacturer was listed at Rs 43.55, a premium of 4 per cent over its issue price of Rs 42 on BSE. On National Stock Exchange (NSE), the counter was listed at a premium of 5 per cent at…
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Radhakishan Damani portfolio: Radhakishan Damani’s wealth falls by a quarter in 2022 as growth stocks take hit
NEW DELHI: Radhakishan Damani, a veteran market investor and owner of retail company (DMart), has seen his wealth fall nearly a quarter in 2022 so far, in a year marked by selloff in growth stocks globally. Damani owned over 1 per cent stake in at least 14 listed companies as of March 31, which are…
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page industries share price: Page Industries soars 7% as apparel maker’s revenue, net profit surge in Q4
NEW DELHI – Shares of surged 7.3 per cent in early trade on Friday as the apparel manufacturer reported an increase of 64.86 per cent in net profit at Rs 190.52 crore for the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 115.56 crore during the January-March period…
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monsoon stocks: As southwest monsoon draws near, all eyes on these 5 stocks
NEW DELHI: Farm income-related stocks are back in focus as southwest monsoon looks set to hit Kerala on May 27. A good monsoon tends to increase rural demand. Analysts said if the monsoon goes well, one may see a lift in farm income and, thus, demand, especially when food prices are rising. Two-wheelers, tractors, consumer…
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muthoot finance share price: Muthoot Finance drops 10% as margins shrink in Q4
New Delhi: Leading gold loan provider dropped as much as 10 per cent during early trade on Monday after a muted performance in the March 2022 quarter. Q4 margins and net interest income (NII) missed Street estimates, due to a much sharper compression of portfolio yield and higher operating expenses, resulting in sharp drop in…
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demat: Despite rising investors, brokers continue to quit exchange memberships
New Delhi: Last two years have been a magnificent period for domestic equity markets in terms of the addition of new investors. In the post-pandemic world, the number of demat accounts has jumped 2.2 times. The number of active dematerialised (demat) accounts in the country jumped 63 per cent in the past 12 months to…
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