Markets

prices of petrol

Central government’s statement on rising prices of petrol

prices of petrol- Gasoline and diesel prices are continuously increasing in the country. Opposition parties besiege the government over inflation and rising fuel prices. Meanwhile, Finance Minister Nirmala Sitharaman on Tuesday called the rise in fuel prices unprecedented in the Rajya Sabha. He said the unprecedented increase in fuel prices is a challenge. How much …

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The Rupee jumps 18 points to close at 73.60 against the US dollar

The decline in the third straight session, the Indian Rupee fell by 18 to close at 73.60 (temporarily) against the US dollar on Wednesday, following strong US currencies in the overseas market and deregulated practices in domestic currency. In the foreign exchange market, the local currency opened at 73.48 to 73.70 lower in day trading. …

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Edible oil

Edible oil became cheaper due to fall in global market

Edible oil prices: The effect of falling oil prices in the global market is also felt in the domestic market. There was a crash in the prices of mustard, soybean oil in Delhi on Saturday. Apart from this, crude palm oil and palmolein also fell. Apart from this, groundnut and cottonseed prices remained stable due …

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Network18 reported the highest EBITDA margin in the year COVID; 4 times net profit in FY 2011

Network18 Media & Investments posted a jump of over 9 times in net profit to Rs 547 crore for FY 2021, expanding margins in the television news business and also breaking the digital news segment. The company minimized the COVID effect by keeping a tight lease on costs to increase domestic advertising revenue. Increasing television …

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The IT sector should move on to Nifty 50, the re-launch of the June series, says Deepak Gupta of Emkay

Nifty ended the May series with a 3 percent gain and Bank Nifty ended with a 4 percent gain. This is despite the fact that FIIs sold more than Rs 9,000 in cash in May and DIIs bought only 600 rupees. It shows that the sales section has been able to absorb sales from FIIs. …

The IT sector should move on to Nifty 50, the re-launch of the June series, says Deepak Gupta of Emkay Read More »

Small and midcap underperforms; These 13 stocks each fell more than 10% in the BSE 500 Index

Indian markets were volatile during the week, partly due to a lockout in various parts of the country as well as a fall in the rupee against the USD and an increase in COVID-19 cases due to selling by foreign institutional investors. The S&P BSE Sensex fell 1.5 percent, while the Nifty 50 S&P BSE …

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