Shares of sugar companies experienced a surge on Thursday after Union Minister Nitin Gadkari announced that India is on track to reach its goal of 20% ethanol blending within the next two months. The share price of Dhampur Sugar Mills increased by as much as 8.4%, reaching an intra-day peak of Rs 156.91. EID Parry’s…
A weaker dollar and a lower-than-expected trade deficit figure helped the rupee, which had been declining for the previous five trading days, recover 28 paise, or 0.33%, against the dollar on Wednesday. This was the biggest rise in almost seven months. The rupee’s stability was also aided by the Reserve Bank of India’s intervention. After…
According to data released by the Ministry of Commerce and Industry on Tuesday, the major causes of India’s wholesale price index (WPI)-based inflation, which increased from 1.89 percent in November 2024 to 2.37 percent in December, were price increases for food items, food product manufacturing, other manufacturing, textile manufacturing, and non-food items. While WPI inflation…
Data from the Prime Database indicates that about Rs 1.80 lakh crore worth of public issues already have Sebi approval or are awaiting a nod, making 2025 likely to be another record year for IPOs in India. This year’s pipeline includes 28 businesses that, after their public offerings were cleared by the capital market regulator,…
Following a lifetime low of 85.94 versus the dollar during intraday trading, the rupee finished Thursday down. The rupee kept falling while the dollar index kept rising. The US Fed is expected to slow down interest rate cuts this year due to persistently high inflation, the threat of widespread tariffs, and other possible policy changes,…
According to data issued by the Association of Mutual Funds of India (AMFI) on January 9, inflows into open-ended equity mutual funds increased 14.5% over the previous month to Rs 41,155.91 crore in December, driven by increased investments in small-cap and thematic/sectoral funds. In December, the monthly inflows through the systematic investment plan (SIP) surpassed…
Significant wedding and holiday demand is expected to fuel jewelry companies’ significant year-over-year revenue increase for the October–December quarter, according to analysts and company reports. By lowering the import tax on gold from 15% to 6% in the FY25 Union Budget, organized players were greatly aided. Kalyan Jewellers said in its quarterly business update on…
In early January 8 trading, the Indian rupee fell 9 paise to a record low of Rs 85.83 versus the US dollar, which is 0.069 percent less than the all-time low of Rs 85.77 reached on January 4. The strengthening of the US dollar and the increase in the price of crude oil caused the…
Intense selling pressure on Dalal Street on Monday caused major indexes to plummet as worries about third-quarter profits and the recent HMP virus worry grew. With more losses, the 30-share BSE benchmark Sensex fell 1,258.12 points, or 1.59 percent, to settle at 77,964.99. This was below the 78,000 barrier. It fell 1.81 percent, or 1,441.49…
Concerns over the third-quarter earnings season and the high valuations of domestic companies caused foreign investors to withdraw Rs 4,285 crore from Indian stocks during the first three trading days of the month. Data from the depositories indicated that Rs 15,446 crore was invested throughout December. This emotional change coincides with internal and international challenges….
