The U.S. dollar continued to be under pressure on Thursday as it appeared to continue losing ground versus key rivals for a fourth day. This was worsened by Treasury yields that were languishing near two-week lows amid growing recession fears. The dollar index declined 0.07% to 104.14, bringing its drop since Friday to 0.44%. The dollar slid 0.56% to 135.47 yen.
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Open FlipOn Thursday, the Asian stock markets eke out gains after the Federal Reserve chairman made its remark that the U.S central bank is committed to curbing the soaring inflation. However, the recession is inevitable as it raises interest rates. The Shanghai Composite Index surged 0.6% to 3,285.99 while the Nikkei 225 in Tokyo gained 0.2% to 26,191.97.
Open FlipVisa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services provider, BLS International Services Ltd has announced that it has inked a pact with Government of West Bengal for expanding the firm's footprint in the eastern region. With this deal, the company intends to reinforce its specialized verticals in citizen services or E-governance.
Open FlipIn Thursday’s early deals, the shares of Gujarat Gas logged a 52-week low level of ₹403 apiece on the BSE. However, the domestic brokerage and research firm Motilal Oswal is bullish on the shares of Gujarat Gas and has maintained its Buy rating with a target price of ₹650 apiece, implying a potential upside of 60% from the current levels.
Open FlipHDFC Life Insurance Company Ltd has announced that the company board's Capital Raising Committee have issued 3,500 non-convertible debentures with a face value of ₹10 lakhs, for a combined nominal value of ₹350 cr for cash. Additionally, the company has informed that the Debentures will be get listed on the WDM line of the NSE Ltd within four trading days from the deemed allotment date.
Open FlipThe prices of gold fell in the international markets owing to the anticipation of an aggressive rate hike after the US Federal Reserve chief doubled down on the central bank's fight to curb inflation. Spot gold was down 0.2% at $1,832.91 per ounce by 0239 GMT. US gold futures fell 0.2% to $1,834.30. At 9.33am, gold contracts were trading 0.29 % lower at Rs 50,756 for 10 grams on the MCX.
Open FlipRipple, the Blockchain Corporation, has informed that it has set up its new office in Canada. The company has set up its “key engineering hub” in the Toronto facility in Canada. The company is also on a hiring spree and will employ “hundreds” of blockchain software engineers in Toronto. The company believes that many engineers are switching from traditional banking to the Bitcoin industry.
Open FlipThe rupee rebounds from its record low and appreciated by 9 paise to 78.23 versus the US dollar in early morning trade on Thursday. At the interbank foreign exchange, the rupee opened at 78.26 versus the American dollar, then inched higher to quote at 78.23, recording a growth of 9 paise from the previous close. Global oil benchmark Brent crude futures declined 2.17% to USD 109.32 per barrel.
Open FlipA global shipping solution, American Airlines Cargo has digitized its operations by installing IBS software’s recent iPartner Customer solution to enable faultless, speedy integration with a Freightos Group company, WebCargo. Further, iPC will help the cargo major with a faster merger of airline cargo sales and distribution offerings, as per an announcement by IBS software.
Open FlipChennai-based Orchid Pharma has informed that it is working on detailed strategic plans to achieve significant growth in the short, medium and long term. The growth drivers that are in the pipeline include existing products and launch of new products and penetrating newer markets in both the active pharmaceutical ingredients (API) and formulations businesses.
Open FlipEarly on June 23, all major cryptocurrencies were trading flat as the global crypto market cap improves 0.05% to $899.78 billion over the last 24 hours. On the other hand, the total crypto market volume declined 5.85% to $66.53 billion during the period. The volume of all stable coins was $57.68 billion, 86.70% of the crypto market's 24-hour volume.
Open FlipSamsung Electronics ran in-store & social media advertisements claiming that some of the 'Galaxy' phones could be used in pools or seawater. The Australian Competition & Consumer Commission said that Samsung Australia has admitted to misleading buyers about the phone’s water-resistance level. So, the ACCC has fined the local unit of Samsung Electronics $9.7 million over misleading claims.
Open FlipGreenlam Industries Ltd has acquired the laminate manufacturing facility of Gujarat-based Bloom Dekor Limited for Rs36 crore. The acquisition is expected to boost Greenlam's position as India's market leader in the laminate industry. Via the acquisition, Greenlam will broaden its market offerings by entering the mass market segment of laminates. The stock zooms after the news.
Open Flip✅ Amid mixed global cues, benchmark indices STARTED on a flat note on June 23. 📊 At 9:16 AM, the Sensex was up 22.82 points or 0.04% at 51845.35, and the Nifty was up 13.20 points or 0.09% at 15426.50. About 1142 shares have advanced, 477 shares declined, and 101 shares are unchanged. 👉 Wipro (🔼1.12%), Tata Steel (🔼0.78%) and Asian Paints (🔼0.66%) appeared as the top gainers on the Nifty50.
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