Cipla received an update from the US FDA regarding inspection conducted in August 2022 at its Goa plant that it retains OAI (official action indicated) status for the facility. This implies that the FDA (food and drug administration) may continue to withhold product approvals from this plant till outstanding GMP…
The rupee pared its initial gains and settled down by 9 paise at 81.35 (provisional) against the US dollar on Friday as the support from weak dollar was negated by weak domestic markets and a surge in crude oil prices. Forex traders said foreign fund outflows also weighed on investor…
Foreign investors have upgraded India as a dedicated allocation in their investment portfolios given the strong economy, stable government and significant reforms undertaken over the last eight years, equity experts have said. According to the experts, who participated in Futures Industry Association (FIA) Asia trade conference held in Singapore from…
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate was negative on Thursday as a result of negative global cues, while silver rate was down 0.27%. On Multi Commodity Exchange, gold February futures were trading at Rs 53,957 per 10 grams, down Rs 30 or 0.06%. Silver March…
Two months after harvesting the kharif soyabean crop, Narayan Singh, a farmer from Nipaniya Baijnath village of Malwa region in Madhya Pradesh, is still holding on to a chunk of the produce in anticipation of higher prices. In this kharif season, Singh harvested nearly 55 quintals of soyabean crop from…
The rupee appreciated 34 paise to close at 81.38 (provisional) against the US dollar on Wednesday as a weak greenback in the overseas market and a rally in domestic equities boosted investor sentiment. At the interbank foreign exchange market, the local unit opened at 81.63 and touched an intra-day high…
By Rajesh Palviya In the Nifty’s current series, a short covering has been witnessed with an increase in price of 3.94% and decrease in OI by -5.48% as of Wednesday wherein there was unwinding of 6.38 lakh shares in OI, decreasing from 116.52 lakh to 110.14 lakh shares. Nifty October…
By Nuvama Research ICICI bank hosted its fourth annual analyst day to showcase its new digital launches and quantify how its bank-tech initiatives and one-bank-one-RoE strategy are delivering market share gains across segments. ICICI’s CEO reiterated the bank’s core objectives: (i) Customer 360 approach—meaning taking the whole bank to the…
Indian stock indices were trading in green in mid-day deals despite negative cues from the Asian markets. The 30-share BSE Sensex was up 70 points while NSE Nifty 50 rose marginally by 0.09%. In other Asian markets, Japan’s Nikkie 225 fell 111.97 points or 0.40% to 27,574.43, Taiwan’s FTSE TWSE…