There are an estimated 15 million to 20 million crypto investors in India, with total crypto holdings of around USD 5.34 billion.
Saudi Aramco is the national oil company of Saudi Arabia founded in 1933, with the headquarters located in Dhahran.
But Luna’s value has since fallen drastically – at the time of writing, that £100 is worth around 4p (5¢).
Investors would also keep a tab on the movement of foreign institutional investors who are on a selling spree in the domestic equity market for the past many days.
State Bank of India (SBI) had registered a profit of Rs 6,451 crore during January-March period of 2020-21, the lender said in a regulatory filing.
The forex market too bore the brunt of heightened risk aversion, with the rupee plunging to a fresh lifetime low of 77.63 per US dollar intra-day amid foreign capital outflows.
At the interbank foreign exchange market, the Indian currency opened at 77.56 against a dollar and slipped to a low of 77.59 in the morning trade against its previous day’s close of 77.23.
The recent volatility has led to a sharp drop in the grey market premium of LIC shares.
CoinDCX CEO and Co-Founder Sumit Gupta said 30 per cent tax on income from cryptocurrencies is on the higher side and should be reduced.
BharatPe said it has registered the strongest quarter in its history (Q4 FY22) with 4x growth in overall revenue.
Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs’ flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head – Equity Research (Retail), Kotak Securities, said.
Narendran said that the Jamshedpur-based behemoth will fuel its growth ambitions to more than double its output, relying on organic growth at its existing sites.
The 30-share BSE benchmark dived 866.65 points or 1.56 per cent to settle at 54,835.58. During the day, it tumbled 1,115.48 points or 2 per cent to 54,586.75.
The bank had posted a net profit of Rs 478 crore in the same quarter previous fiscal.
The initial share sale will be open for public subscription on May 11 and conclude on May 13. The bidding for anchor investors will open on May 10, according to the company.
Shares of air conditioning and engineering services company Voltas Ltd tumbled nearly 10 per cent in early trade on Friday after the firm reported a 23.46 per cent decline in its consolidated net profit in the fourth quarter ended March 2022. The stock tanked 9.77 per cent to Rs 1,045[Read More…]
With the technological advancements, numerous introductions have been introduced which has amazed all.
US-based IT services company Cognizant, which has 70 per cent of its workforce in India, on Thursday posted an 11.48 per cent increase in net income at USD 563 million for the first quarter ended March 2022 on account of growth in digital revenue. The company had registered net income[Read More…]
Of the total, the policyholder portion was subscribed nearly three times while the reserved employees’ segment was subscribed 1.8 times, as per the data on stock exchanges.