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Latest Stock Market News

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Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the European Union preparing to phase in a ban on imports from Russia. Brent crude futures were down 64 cents, or 0.6%, at $110.91 a barrel at 0137 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 60 cents, or 0.5%, to $109.89 a barrel.

Asian stocks try to bounce, China data a risk

Updated at : 2022-05-16 09:50:01

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Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session.

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Bharat Forge, GSK Pharmaceuticals, Century Plyboards, VIP Industries, MCX, Raymond, Ami Organics, Dodla Dairy and Greenply Industries are among companies which will announce their quarterly earnings today.

Stocks that were in focus include names like Indus Towers which fell more than 4 per cent, State Bank of India was down nearly 4 per cent, and Tata Motors closed with gains of nearly 9 per cent on Friday.

Bandhan to halve MFI exposure in two years

Updated at : 2022-05-16 07:55:01

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The private sector lender intends to diversify to new geographies and add more than 500 branches, mostly in semi-urban and rural areas beyond East India, most likely UP and South India.

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CDPQ is likely to raise about $150-$200 million (₹1,000 -1,500 crore) by selling additional stake in the InvIT, the sources said. The sale process is expected to be launched early next month. Investment manager Maple Infra Invit Investment Manager manages the assets of India Highway Concession Trust.

"Cement is fundamentally a game of supply chain and energy efficiency, and therefore our natural adjacencies look highly attractive to us. Be it mining, ensuring raw material availability, fuel sourcing, supply of power, or efficient logistic capabilities, all of these are existing synergies."

Investors look at flip side of crypto coin

Updated at : 2022-05-16 07:55:01

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Most investors have seen their portfolios sink deep into the red as carnage continues in the crypto market due to a confluence of factors including inflation, rising interest rates, the Ukraine-Russia conflict, volatility in stable coins, and the recent crash of the Terra ecosystem.

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​Tata group’s jewellery arm Tanishq recently launched its new collection in the metaverse where guests could try on bespoke pieces virtually. The company is also working on a solution to launch a museum metaverse for the Tamil Nadu government, said Ashok Maharaj, Head, TCS XR Lab.

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The RBI issues the bonds on behalf of the Government of India which are sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and NSE and BSE.

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