Category: Uncategorized

Ujjivan Small Finance Bank has partnered with Veefin Solutions Ltd to enhance supply chain finance offerings for MSMEs, addressing the sector’s working capital needs. Ujjivan SFB said that by leveraging Veefin’s platform, it aims to provide end-to-end solutions, bridging the credit gap in the MSME sector and fostering inclusive growth. “We are happy to partner […]

India’s buffalo meat (carabeef) production and exports are set to increase in 2024, the New Delhi Post of the US Department of Agriculture’s Foreign Agricultural Service has said.  In its report for the 2024 market year (January-December), the Post estimated buffalo meat consumption at 2.97 million tonnes (mt) in 2024 against 2.92 mt in 2023. […]

A hidden Chinese hand is behind gold’s current run to a record high apart from hopes of US Fed’s interest rates cut, weak dollar and geopolitical tensions. Gold soared to a record $2,222.49 an ounce earlier this week, before settling at $2,170 during the weekend.  Sample this. A small jewellery shop in Shuibei Jewelry Park […]

The combined market valuation of five of the 10 most valued firms eroded by ₹1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked ₹1,10,134.58 […]

The rout in the small- and mid-cap stocks so far this month has shaved off 2-5 per cent of investors’ wealth in mutual fund schemes, following a tepid performance in February. Small-cap stocks have been under pressure ever since market regulator SEBI expressed concern about froth in the space, with steady inflows in mutual fund […]

India’s GDP growth is expected to moderate to 7 per cent in 2024-25 from the estimated 7.6 per cent this fiscal even as the country will likely remain as one of the fastest growing economy in the world, the Swiss Wealth Management major UBS has said.  Also read:Political stability to bode well for market sentiment: […]

Uno Minda Ltd has signed a technical license agreement with Starcharge Energy Pte. Ltd to manufacture and sell electric vehicle supply equipment (EVSE) in India. Nirmal K Minda, CMD, Uno Minda Group, said, “Uno Minda is proud to announce the expansion of its electric vehicle (EV) portfolio into the passenger car segment through this strategic […]

HSBC Global Research prefers large-caps but sees opportunities in the current mid-cap sell-off too. The research house remains constructive on the broader market and ruled out any deep sell-off in mid-caps from current levels. It said that mid-cap valuations had come down to the five-year mean and that the mid-cap market breadth had declined to […]

Shares of Rail Vikas Nigam Ltd rose 3.16 per cent on the NSE as of 11.12 am to trade at ₹246.75. The civil construction company emerged as the lowest bidder for a contract from SER HQ-Electrical/ South Eastern Railway. It pertains to design, supply, erection, testing and commissioning for upgradation of electric traction system from […]

Market regulator SEBI has given an undertaking in the Bombay High Court that it will not take any action against Subash Chandra for a period of three weeks. Chandra had filed a writ petition against SEBI’s summons in a case related to alleged siphoning of funds. Ravi Kadam, the lawyer appearing for Subhash Chandra, apprised […]