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RBI Slashed Rates by 50 bps, Sensex and Nifty Indexes Powered Ahead
Jun 6 The Reserve Bank of India lowered its benchmark rate by 50 basis points, retained its GDP growth outlook, and softened its inflation estimate for the current financial year. coalindia tejasnet ireda nationalum
- India Indexes Attempt to Rebound Ahead of Rate Decisions on Friday
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Stock Movers: Ashiana Housing, Astrazeneca, Inox Wind, Spandana Sphoorty, Genus Power, NCL, Shalby, Kiri Industries
Jun 10 Inox Wind reporting nearly a five-fold increase in quarterly earnings. Spandana Sphoorty said the net income swung to a loss in the latest quarter. Genus Power reported strong quarterly results in the March quarter. ashiana astrazen iwel spandana genuspower
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Stock Movers: Mrs. Bectors Food, Welspun Living, Lumax Auto, Varroc Eng, Century Plyboards, Bajaj Hindusthan, Gujarat Narmada Valley, Apollo Micro
Jun 9 Varroc Engineering approved a final dividend despite the decline in revenue and earnings in the fiscal fourth quarter. Welspun Living reported a muted increase in sales and earnings in the March quarter. Bajaj Hindusthan reported more than a two-fold jump in earnings in the March quarter. bectorfood lumaxtech varroc bajajhind gnfc
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Info Edge Struggles to Turnaround Real Estate Unit
Apr 8 Info Edge reported higher revenue in the March quarter, driven by an increase in its core recruitment solution and real estate division. naukri
- Earnings: TCS, Infosys, HCL Technologies
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Manipal Health Agreed to Acquire Medica Synergie to Tap Rising Demand in Smaller Cities
Apr 8 Manipal Health agreed to acquire Medica Synergie. Two hospital chains, controlled by Singapore-based Temasek, ramp up services in smaller cities across India.
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Aster DM Sells Middle East Business for $1 Billion
Nov 29 Aster DM agreed to sell its business located in the Gulf Cooperation Council to a group controlled by the promoters of the company and a private equity group based in the Middle East. asterdm
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Current Account Deficit Widened In Fiscal First Quarter
Oct 1 India's current account stayed elevated on the persistent deficit in international goods deficit and the sharp decline in international flow of funds for portfolio investment.
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Infrastructure Sector Output Shrank in August
Oct 1 India's infrastructure sector output shrank for the first time in August, highlighting the weakness in production of coal, natural gas, and refined crude.
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Wall Street Indexes Approach Record Levels Ahead of Two Inflation Reports
Jun 9 Stocks lacked direction on Monday as investors awaited two key inflation reports later in the week. U.S.-China trade talks resumed amid skepticism about a quick agreement.
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Trump's Import Tax Induced Macroeconomic Uncertainty Weighs on Investor Sentiment
Jun 5 On Wall Street, investors turned cautious and looked ahead to the release of May's nonfarm payrolls data on Friday. Initial jobless claims rose to an 8-month high, indicating early signs of softening in the labor market amid Trump tariff-induced macroeconomic uncertainty.
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