As per the Governor of central bank of Zambia, Denny Kalyalya has kept its main lending rate unchanged at 9% as inflation has slowed down. Nevertheless, he has stated that an estimated grain deficit in some neighboring countries has doubled with a deducted local surplus posed challenges to inflation as it was probably going to foster the prices towards the upside direction.

One-click checkout functions for bitcoin developed by the global payment infrastructure automation platform Primer is now available in 30 different countries. Primer collaborated with OpenNode, a leading bitcoin payments infrastructure company, to give access to this feature worldwide. Currently, Primer supports a wide range of payment features, and OpenNode provides service in 126 countries.

On Wednesday, the state-owned Indian Overseas Bank (IOB) posted a nearly 58 per cent jump in net profit at Rs 552 crore in the quarter ended March 2022. The bank had posted a net profit of Rs 350 crore in the year-ago period. However, the total income of the bank during the latest March quarter fell to Rs 5,719 crore as against Rs 6,074 crore in the same period a year ago.

In order to reduce reliance on Russian supplies, the European Union has taken some measures ranging from boosting renewables & LNG imports to lowering energy demand. The European Commission on Wednesday declared a 210 billion euro ($221 billion) plan to cut red tape for wind & solar farms. It also nodded to EU-wide emergency rules in the event of a broad supply disruption.

In the last 48 hours, 948.6 million SHIB, Shiba Inu tokens were sent to dead wallets to be burned. During a regular burn event on May 15, 272 million Shiba were removed from circulation by the community. Right before the burning event, an ETH whale bought over 109 billion coins worth 1.4 million.

The trade minister of Indonesia has informed that he has speculated the prices of cooking oil. Further, he expects it would stabilize after a program will deploy subsidized supplies, which has reaches 10,000 locations of the country. Thus, the firm has set up a scheme that enables the low-income households to purchase up to two litres of cooking oil a day at 14,000 rupiah ($0.95) a litre.

After U.S. Federal Reserve chief Jerome Powell struck a hawkish stance as the central bank struggles to curb inflation, the U.S. dollar surged on Wednesday. Powell pledged that the U.S. central bank would hike interest rates as high as needed. At 1055 GMT, the U.S. dollar index was up 0.3% at 103.57, after earlier touching a two-week low following Tuesday's 0.9% drop.

Delta Corp stock plunged by 6.4% at the close on Wednesday after the publication of a report claiming that the council of ministers have recommended a 28 per cent goods and services tax (GST) on horse racing, casinos and online games. At present, casinos pay 18 per cent GST. Nazara Tech which runs many online games was also trading on a bearish note during today's session due to the news.

The vehicle production will be suspended by Toyota Motor Corp at one of its factories in Japan following a major industrial water leak in central Japan disturbed supply. The auto manufacturer will block the daytime shift operation at two lines of Toyota Industries Corp's Nagakusa unit. This plant wherein the factory makes models such as thwill, to trim around 600 the number of vehicles output.

Kutch Minerals' standalone Net Sales improved by 57.23% YoY to Rs 0.64 crore in March 2022 from Rs. 0.41 crore in March 2021. The Company's Quarterly Net Profit surged by 305600% to Rs. 0.31 crore in March 2022 from Rs. 0.00 crore in March 2021. Its EBITDA also zoomed by 3200% to Rs. 0.33 crore in March 2022 from Rs. 0.01 crore in March 2021.

This week the G7 countries are set to meet to discuss crypto regulations. According to the Governor of the Bank of France, François Villeroy de Galhau, the recent downfall of Terra’s ecosystem is a “wake-up call” for implementing rules in the crypto sphere. He also stated that Europe paved the way for such regulation with the MiCA, which is a regulatory framework for crypto assets.

The private carrier, IndiGo has announced the appointment of Pieter Elbers as the chief executive officer of IndiGo, after Ronojoy Dutta will retire in September 2022. As per the statement issued by the airline, Dutta, who is aged at 71 was hired at the helm of IndiGo in January 2019, has made a decision to retire on 20th September after he has guided IndiGo the turbulent Covid period.

Mangalore Chemicals and Fertilisers' standalone Net Sales improved by 20.13% YoY to Rs 718.88 crore in March 2022 from Rs. 598.41 crore in March 2021. The company's Quarterly Net Profit, however, plunged by 76.33% YoY to Rs. 3.49 crore in March 2022 from Rs. 14.73 crore in March 2021. EBITDA also declined by 37.6% YoY to Rs. 31.96 crore in March 2022 from Rs. 51.22 crore in March 2021.

Fairchem Organics' Standalone Net Sales improved by 11.49% YoY to Rs 177.64 crore in March 2022 from Rs. 159.33 crore in March 2021. The Company's Quarterly Net Profit, however, declined by 40.29% YoY to Rs. 11.24 crore in March 2022 from Rs. 18.83 crore in March 2021. Its EBITDA also plunged by 32.53% YoY Rs. 18.75 crore in March 2022 from Rs. 27.79 crore in March 2021.

Zydus Lifesciences’ board will decide regarding share buyback during its May 20th meeting. If the Board approves the share buyback, then the company will pay out some of the cash to its shareholders through the share buyback. In the past one year, the stock price of Zydus Lifescience has declined to around Rs 347 per share from around Rs 600 per share.