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Business
Dabur stock price rises on market share gain, Badshah acquisition
Share price of FMCG company Dabur surged 1.5 percent higher as the company reported market share gain across 95 percent of its portfolio in Q2FY23 and also announced an acquisition to expand its food business. At 10 am, the stock was quoting R s 541 on the National Stock Exchange, […]
Gold Prices Creep Higher as USD Retreats, Hawkish Fed Caps Gains.
Gold prices rose slightly on Wednesday, extending mild gains into a third session as pressure from the dollar abated, although hawkish signals from Federal Reserve officials prevented further gains. Spot gold rose 0.1% to $1,653.49 an ounce, while gold futures rose 0.2% to $1,658.90 an ounce by 19:20 ET (23:20 GMT). […]
The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments, while the prospect of higher energy prices helped exporters’ currencies and weighed on those of importers. The dollar rose 1% on the euro and 1.3% on sterling overnight and […]
10-year yields highest since 2011 before expected Fed rate hike
Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last week showed higher-than-expected consumer prices in August, dashing […]
Milk Price Hike To Improve Profitability Of Organized Dairies.
Mumbai (Maharashtra): The recent hike in retail milk price by 2 per liter will limit the slide in the profitability of the organized dairy sector to 50 basis points (bps) on-year this fiscal, despite a higher than anticipated rise in procurement prices, and transport and packaging costs. Despite lower profitability, comfortable […]
Rs 19,111 crore assets attached out of total fraud by Vijay Mallya, Nirav Modi & Mehul Choksi: Centre tells SC
The timely attachment of proceeds of crime has led to the attachment of assets worth over Rs 19,000 crore out of the “total fraud of over Rs 22,500 crore by three fugitive offenders Vijay Mallya, Nirav Modi, and Mehul Choksi, the Centre has told the Supreme Court. These figures were […]
Saregama India plans to invest up to Rs 750 cr in music business
Saregama India, a part of RP-Sanjiv Goenka Group, is planning to invest up to Rs 750 crore in its music business to achieve a 25-30 per cent revenue growth in the next few years through organic and inorganic routes, an official said. It is also foraying into a new business segment […]
World food prices ease in Dec, but hit 10-year peak in 2021: FAO
World food prices eased in December after four consecutive monthly gains but jumped 28% over 2021 for the highest average level since 2011, the U.N. food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 133.7 […]
India’s 2022 steel consumption seen strong amid muted prices, infra push
The government’s thrust on infrastructure, coupled with an increase in demand from the construction, engineering, and other sectors, is expected to push up domestic steel consumption in 2022, according to brokerages and rating agencies. The country’s consumption is expected to jump to 111 million tonnes (mt) in calendar year 2022 (CY22) after […]