The 25 basis point (bps) rate hike by the Reserve Bank of India (RBI) to 5.5 per cent is in line with expectations, said analysts, who expect the market’s focus to be back on crude oil prices in the backdrop of West Asia conflict, rupee-dollar equation, bond yields and how corporate earnings play out in…
Centre’s coal gasification scheme receives seven applications in its first bidding round, with four projects targeting urea production and others focused on syngas and DRI The Centre’s Rs 37,500-crore scheme to promote coal and lignite gasification has received seven applications in its first bidding round, with Adani Enterprises submitting bids for three projects aimed…
RBI announced over $23 billion in liquidity measures via repos, FX swaps and bond buys to ease banking system stress amid rising yields and rupee pressure The RBI has bought 3 trillion rupees of bonds during December-January, boosting the note-purchase tally for the fiscal year to a record high of 5.7 trillion rupees The…
Defence stocks in focus: Kalyani Group manufactures artillery systems, protected vehicles, armoured vehicles upgrade, Ammunition, missiles and air defense solutions and defense electronics. Defence stocks such as Bharat Forge, Hindustan Aeronautics Ltd and Bharat Dynamics Ltd would be in focus on Friday morning after the Modi government reportedly asked defence makers for a meeting as…