The Bank of Japan must raise interest rates if continuous increases in food prices lead to broad-based inflation, Governor Kazuo Ueda said on Wednesday, signaling the bank’s determination to wean the economy off monetary stimulus. Ueda stated that Japan’s recent “very high” inflation was caused mainly by temporary factors such as rising import costs and…
After a sluggish performance in recent months, jewelry stocks are back in the spotlight. Concerns about rising gold prices had dampened optimism, but the sector has rebounded sharply over the last week, with key equities jumping up to 20%. Companies are confident about the March quarter, with strong gold prices projected to boost revenue despite…
FPIs are returning to the Indian stock market following months of withdrawals. 5 important causes for the shift in trend After withdrawing billions of dollars from Indian markets through exchanges, foreign investors changed their perspective on the world’s fifth-largest market in March, decreasing their selling rate and becoming net purchasers. This allowed the Indian stock…
Shares of UCO Bank, Central Bank of India, and Punjab & Sind Bank were all in the limelight on Tuesday after they announced plans to raise capital through a Qualified Institutional Placement (QIP). Punjab & Sind Bank shares rose 13.25% to ₹50.49, while UCO Bank shares fell 2.43% to ₹37.31. Central Bank of India shares…
Ola Electric’s share price increased 4% in Tuesday trading after the EV-focused company announced that Rosmerta Group had submitted documents to withdraw the petitions it had filed with the National Company Law Tribunal in Bengaluru, following an amicable settlement of all outstanding payments between its wholly owned subsidiary, Ola Electric Technologies Private Limited, and Rosmerta…
Shares of infrastructure operator NCC Ltd. rose as much as 6% on Wednesday, March 26, after the company reported the receipt of two significant orders from state-run BSNL. On Tuesday, NCC received two advance work orders for ₹10,804.56 crore from Bharat Sanchar Nigam Limited for designing, supplying, constructing, installing, upgrading, operating, and maintaining the BharatNet…
NBCC shares will be in the spotlight on Wednesday after the state-owned company earned contracts totaling Rs 658 crore in Uttarakhand and Delhi. The Uttarakhand Investment and Infrastructure Board awarded the business a contract of Rs 439 crore for numerous rehabilitation projects in Haridwar. These include the Rodi Belwala Area Revitalisation, Sati Kund Development, Har…
Asian markets rose somewhat in early trade Wednesday as investors sought a clear direction amid lower US consumer sentiment and a late rebound in US shares. Indexes gained in Sydney and Tokyo, with futures pointing to minor increases in Hong Kong. Despite a declining consumer confidence, the S&P 500 rose 0.2% Tuesday after wavering for…
Varun Beverages has designated Friday, April 4, 2025, as the record date for determining whether stockholders can receive the final dividend payout. The record date determines whether equity owners are entitled to receive the final dividend of Rs. 0.50 per equity share, having a face value of Rs. 2 for the fiscal year ending December…
Cathie Wood’s Ark Investment Management LLC is positive on Tesla Inc., expecting the stock to reach $2,600 in five years, or almost ten times its price. Wood stated in an interview with Bloomberg TV that Tesla’s robot taxis would account for 90% of the company’s worth at that period. Tesla has projects in humanoid robotics…