ECONOMY
[ad_1] NEW DELHI: Domestic equity markets remained under pressure on Wednesday, marking the fourth straight session of weakness. Selling in index heavyweights dragged the indices lower. Despite the recovery in the global markets, Indian equities were under severe pressure. Domestic stocks eroded Rs 28 lakh crore worth of investor wealth in just one month. Here’s … Read more
[ad_1] Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty Images News | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its … Read more
[ad_1] The domestic equity market was headed for another negative start on Thursday, courtesy negative global sentiments. US stocks tumbled down sharply over inflationary worries and Asian peers were also on the downward trajectory. Back home, action will be seen in the primary market as three issues are active and LIC’s allotment status will be … Read more
[ad_1] Shares of Petronet LNG Ltd. slipped 2.02 per cent to Rs 208.9 in Thursday’s trade as of 01:39PM (IST). It hit a high of Rs 212.75 and low of Rs 203.65 during the session. The stock quoted a 52-week high price of Rs 252.1 and a low of Rs 190.3. The return on equity … Read more
[ad_1] “Build a portfolio for the next five years and that is really what most investors should be looking at. Instead of fretting over the losses, start thinking constructively where can I recover these losses and you may not be able to recover it from your existing portfolios,” says market veteran Shankar Sharma. Are we … Read more
[ad_1] Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World Congress, the electric vehicle magnate described hydrogen fuel cells as “extremely silly.” Jim Watson | AFP | Getty Images Tesla … Read more
[ad_1] New Delhi: It is a complete carnage in the crypto market, with the top 20 names dropping as much as 35 per cent in the last 24 hours alone. The fall in smaller tokens is steeper and the pain more severe. The global market capitalization of all the crypto tokens has tumbled below $1.2 … Read more
[ad_1] New Delhi: The initial public offer of Venus Pipes and Tubes was subscribed 4.43 times on the second day of subscription on Thursday. According to the NSE data, the company’s Rs 165.41-crore Initial Public Offer (IPO) received bids for 1,57,21,696 shares against 35,51,914 shares on offer. The category for retail individual investors received 7.52 … Read more
[ad_1] New Delhi: The initial public offer of Prudent Corporate Advisory Services was subscribed 1.22 times on the last day of offer on Thursday. The Rs 538.61-crore IPO got bids for 73,30,928 shares against 60,18,689 shares on offer, as per NSE data. Retail Individual Investors (RIIs) portion got subscribed 1.29 times, while Qualified Institutional Buyers … Read more
[ad_1] GAIL India Ltd has fallen over 7 per cent compared to a near 8 per cent rise seen in Nifty50 in the same period, but chart patterns suggest that the stock could face further selling pressure in May series. The stock touched a 52-week high of Rs 173.45 on 19 April but failed to … Read more