Dollar under pressure versus key rivals for a fourth day
Thu, Jun 23, 2022 11:34 AM

Dollar under pressure versus key rivals for a fourth day

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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Anusha's portfolio is up by 3.29%! 🚀 What? 🤯
Thu, Jun 23, 2022 11:30 AM

Anusha's portfolio is up by 3.29%! 🚀 What? 🤯

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Asian stock markets inch higher after Fed's remark
Thu, Jun 23, 2022 11:23 AM

Asian stock markets inch higher after Fed's remark

On 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.

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BLS International signs a deal with directorate of registration, WB govt
Thu, Jun 23, 2022 11:20 AM

BLS International signs a deal with directorate of registration, WB govt

Visa, 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.

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Motilal Oswal bullish on the shares of Gujarat Gas; sees 60% upside
Thu, Jun 23, 2022 11:14 AM

Motilal Oswal bullish on the shares of Gujarat Gas; sees 60% upside

In 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.

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HDFC Life Insurance capital raising committee bags ₹350 cr through NCDs
Thu, Jun 23, 2022 11:09 AM

HDFC Life Insurance capital raising committee bags ₹350 cr through NCDs

HDFC 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.

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Gold lower by 0.29 % at Rs 50,756 for 10 grams
Thu, Jun 23, 2022 11:06 AM

Gold lower by 0.29 % at Rs 50,756 for 10 grams

The 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.

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Ripple sets up its first office in Toronto, Canada
Thu, Jun 23, 2022 10:57 AM

Ripple sets up its first office in Toronto, Canada

Ripple, 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.

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Indian rupee appreciates by 9 paise against the US dollar
Thu, Jun 23, 2022 10:47 AM

Indian rupee appreciates by 9 paise against the US dollar

The 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.

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American Airlines Cargo computerizes its operations for faster sales
Thu, Jun 23, 2022 10:45 AM

American Airlines Cargo computerizes its operations for faster sales

A 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.

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Orchid Pharma gears up to roll out new products
Thu, Jun 23, 2022 10:38 AM

Orchid Pharma gears up to roll out new products

Chennai-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.

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Major cryptocurrencies trading flat early on June 23
Thu, Jun 23, 2022 10:27 AM

Major cryptocurrencies trading flat early on June 23

Early 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.

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Samsung Australia fined $9.7 Mn over misleading water-resistance claims
Thu, Jun 23, 2022 10:20 AM

Samsung Australia fined $9.7 Mn over misleading water-resistance claims

Samsung 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.

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Greenlam Industries acquires Laminate Manufacturing unit in Gujarat
Thu, Jun 23, 2022 10:03 AM

Greenlam Industries acquires Laminate Manufacturing unit in Gujarat

Greenlam 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.

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📢 Benchmark indices OPEN on a flat note on June 23; Nifty above 15,400
Thu, Jun 23, 2022 9:30 AM

📢 Benchmark indices OPEN on a flat note on June 23; Nifty above 15,400

✅ 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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