Vodafone Idea shares plunged considerably during Monday's early deals as analysts became unsure if the capital infusion efforts would be enough to revive the firm. the telco, on Friday, declared that it would receive fund infusion worth Rs 3,375 crore from the promoter Vodafone as part of the company's proposed fundraising efforts worth Rs 14,200 crore.

Ratings on the bank facilities have been upgraded by CRISIL Ratings ₹292 cr of Kanpur Plastipack Ltd from ₹265 cr earlier. The long-term rating has been upgraded to CRISIL A and the short-term rating has been upgraded to CRISIL A2+ from CRISIL A2. With this upgradation, it is believed that the business risk profile of KPL will continue to improve. Also, the financial risk profile to be healthy.

The finance ministry of Mexico stated that even as fuel prices on the world market soar, it will keep increasing subsidies for both gasoline and diesel to shield consumers and businesses. Since Russia invaded Ukraine on February 24 and sanctions were imposed on Russia by the western countries, the commodity prices have reached multi-year highs.

Zerodha reported complications with data feeds for NSE stocks from the exchange across all members on Monday. However, the domestic brokerage later informed that it started receiving live data from the stock exchange. Even ICICI Securities announced that NSE feeds have commenced working and orders are getting executed in both the exchanges.

On March 7, the global cryptocurrency market cap was at $1.70 trillion, a 3.96 per cent fall over the previous day. The total crypto market volume over the last 24 hours stood at $70.06 billion, increasing by 31.43 per cent. Bitcoin is priced at $37,933.23 and its dominance is 42.29 per cent, an increase of 0.11 per cent over the previous day. The volume of all stable coins is $58.53 billion.

Ircon International attained a successful blast in Tunnel No. 77D of Udhampur-Srinagar-Baramula Rail Link (USBRL) on March 03, 2022. The mentioned tunnel is 2.65 KM long and is situated at Village Bankoot in Ramban District. According to the Company, the task was very challenging, due to low overburden, extremely poor geology conditions.

On Monday, the shares of Coal India surged in early trade as its arm, BCCL, reported a record 61 per cent growth in its production to 3.24 million tonnes (mt) in February this year over the corresponding month last fiscal. Bharat Coking Coal (BCCL) also claimed that it logged the highest off-take growth of around 66 per cent to 2.93 MT during the last month.

✅ The brokerage sees a 36% upside on SBI Life at Rs 1,435 target. ✅ It offers a 'Buy' tag on UPL as it projects a 26% upside with a target of Rs 901. ✅ KRChoksey sees a 25% upside on Colgate Palmolive India with a target of Rs 1,802. ✅ The brokerage projects a 51% upside on Tata Motors at a target of Rs 630. ✅ It offers a 'Buy' call on Tech Mahindra as it projects a 22% upside at Rs 1,770 TP.

Russia being the heavyweight supplier of raw materials in so many areas, has shaken up the supply since the invasion. The commodities pulled up more scorching price gains at the start of another tumultuous week, which Citigroup Inc. says is “transformative” for energy, metals and crops markets. Everything from energy to metals and farm products jumped 13% to a fresh record.

Euro plunged to a fresh 22-month low against USD while commodity currencies were swept to multi-month peaks amid the mounting crisis between Russia and Ukraine. The euro tanked as much as 1% to $1.0822 in Asia trade, its lowest since May 2020. The currency plunged 4% since Russia began what it calls a "special military operation" in Ukraine and is not far from testing its 2020 trough of $1.0636.

Karur Vysya Bank modified the Marginal Cost of Funds Based Lending Rates (MCLR), Base Rate and Benchmark Prime Lending Rate (BPLR). The lender has increased the MCLR rates by 0.15% from March 07 onwards. Overnight MCLR has been increased by 60% from 7.45%. One Month MCLR has been hiked to 7.75% from 7.60%. Three Month MCLR modified to 7.90% from 7.75%.

Amid the geopolitical conflicts and the changes in global energy supply, the Chinese government is confident in its capability of supplying the country with sufficient energy as it will step up domestic energy production capacity and boost reserves to keep prices under control, state planning officials said on Monday.

CRISIL Ratings reconfirmed the ratings of multiple borrowing programmes of Edelweiss Financial Services Limited. The rating agency has offered CRISIL AA-/Negative rating on Rs1,500 crore Non-Convertible Debentures (NCDs). For Rs300 crore long-term Principal Protected Market Linked Debentures, it has assigned CRISIL PPMLD AA-r/Negative rating.

Promax Power Limited hits 5% upper circuit during early trade on Monday after securing a Power and infrastructure EPC company has secured fresh orders of Rs43 crore across its various business verticals. Vishal Bhardwaj, MD, Promax Power Limited said, the order will help the company to strengthened and consolidate its presence in the water, Renewal and T&D EPC sector.

Mishra Dhatu Nigam announced that a meeting of the board of directors is expected to take place on March 14, 2022, to discuss and nod to the proposal concerning to declaration of Interim Dividend for FY 2021-22. The Record date for allocation of the mentioned Interim Dividend, if declared by the Company has been finalised as Wednesday, March 23, 2022.