CRISIL Ratings in its latest report has said that the Indian pharmaceuticals sector is likely to log a revenue growth of 8-10% this fiscal (FY25), after around 10% growth last year, supported by healthy exports to regulated markets, recovery in exports to semi-regulated markets and steady domestic demand. The resultant improvement in operating leverage along … Read more
Indian rupee strengthened against the US dollar on Thursday tracking firm domestic equities after the US Federal Reserve decided to cut interest rate by 0.5% after more than four years in line with market expectations. US Fed Chair Jerome Powell also indicated that the United States is on track to achieve the targeted level of … Read more
Net direct tax collection grew 16.12 per cent to over Rs 9.95 lakh crore so far this fiscal on higher advance tax mop up. Refunds worth over Rs 2.05 lakh crore were issued, a 56.49 per cent jump over the same period last fiscal. The net personal income tax (PIT) collection grew 19 per cent … Read more
In yet another feat to India’s growing clout in the world economy, the country has become the sixth-largest market in the MSCI All Country World Investable Market Index (ACWI IMI), surpassing China. The global index tracks capital market performance across the world. The index includes large- and mid-cap stocks and is a more inclusive version … Read more
State Bank Of India is currently trading at Rs. 794.35, up by 2.00 points or 0.25% from its previous closing of Rs. 792.35 on the BSE. The scrip opened at Rs. 794.15 and has touched a high and low of Rs. 801.25 and Rs. 793.00 respectively. So far 114525 shares were traded on the counter. … Read more
Dalmia Bharat is currently trading at Rs. 1838.80, up by 5.60 points or 0.31% from its previous closing of Rs. 1833.20 on the BSE. The scrip opened at Rs. 1833.00 and has touched a high and low of Rs. 1840.05 and Rs. 1833.00 respectively. So far 231 shares were traded on the counter. The BSE … Read more
Power Grid Corporation Of India is currently trading at Rs. 335.40, up by 1.20 points or 0.36% from its previous closing of Rs. 334.20 on the BSE. The scrip opened at Rs. 337.15 and has touched a high and low of Rs. 337.15 and Rs. 334.45 respectively. So far 11143 shares were traded on the … Read more
The softening of US Fed rate by 0.5 percentage point (50 bps) is a welcome step, given the strengthening US economy with stable inflation, industry analysts said on Thursday, as the focus turns to India which is the fastest-growing economy in the world. After the rate cut decision, the US dollar turned higher, putting pressure … Read more
India frontline indices opened at an all-time high on Thursday after the US Federal Reserve cut rates by a wider 50 basis points and kicked off an easing cycle that is likely to see rates fall further. At 9.39 a.m., Sensex was up 687 points or 0.83 per cent at 83,635 and Nifty was up … Read more
Share of Reliance Infrastructure Ltd went up 20 per cent on Wednesday after the company announced that its external debt was down to Rs 475 crore, against the earlier Rs 3,831 crore. Reliance Infrastructure closed at Rs 282.73, up 20 per cent or Rs 47.12. According to an exchange filing on Wednesday, the company said … Read more