India’s economic recovery is still in early stages and will gain momentum going ahead, said Raghvendra Nath, MD, Ladderup Wealth Management in an interview with Kshitij Bhargava of Financial Express Online. The market veteran added that investors should use corrections, as the one recently seen, to invest in a phased…
World stocks and oil prices battled to pull out of a four-day slide on Thursday as deeply inverted bond yield curves and choppy currency markets underscored the simmering concerns among investors about economic stagnation next year. Signs of China relaxing its COVID curbs had sent Hong Kong’s Hang Seng up…
The finance ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the base year for computing indexation benefit to make it more relevant, an official said on Friday. Currently, shares held for more than one year attract a 10 per…
The Employees’ State Insurance Corporation will now be able to invest its surplus funds in equities but only through exchange traded funds. The decision was taken at the 189th meeting of the ESIC, chaired by Union minister of labour and employment Bhupender Yadav, on Sunday. According to the decision, the…
Oil prices jumped 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in a positive sign for fuel demand, more Chinese cities eased COVID-19 curbs over the weekend. Brent…
Indian benchmark indices are likely to open on a tepid note amid weak global cues. SGX Nifty hinted at a flat to negative start for domestic equities as Nifty futures traded lower at 18665 level on the Singapore Exchange. In the previous session, the BSE Sensex fell 216 points to…
The domestic indices rallied to hit fresh record highs intraday before paring gains to end at record highs. Sensex closed at 62,504, up by over 200 points or 0.3%, while Nifty closed the session at 18,562. Bank Nifty was trading marginally in green and ended at 43,020. The broader market…
The US dollar stood close to a three-month low and was headed for a weekly loss on Friday, as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors and kept the mood buoyant. Trading was thin overnight due to the Thanksgiving holiday in…
Emerald Leasing Finance & Investment Company has raised ₹ 2.75 crore from Rainpay India and NAV Capital VCC – Emerging Star Fund through preferential allotment. In a regulatory filing, the company said its board has approved issuance and allotment by way of a preferential allotment on a private placement basis…
Indian benchmark indices were trading with gains on Monday. The BSE Sensex gained over 275 points or 0.4% to trade at 62,572.The NSE Nifty is trading at 18,578, up 0.36% after opening in the red. All of NSE Nifty’s sectoral indices shifted between gains and losses. Nifty Oil & Gas…