On the back of a positive business outlook, Gokdaldas Exports’ stock hit an all-time high of Rs 505.65 on the BSE in intra-day trade on Wednesday. The company’s stock, which is in the textiles and apparel business, has surpassed its previous high of Rs 488, which it reached on May 5, 2022. It has outpaced the market by 30 percent in the last month, compared to a 4 percent fall in the S&P BSE Sensex.…
On the back of a positive business outlook, Gokdaldas Exports’ stock hit an all-time high of Rs 505.65 on the BSE in intra-day trade on Wednesday. The company’s stock, which is in the textiles and apparel business, has surpassed its previous high of Rs 488, which it reached on May 5, 2022. It has outpaced the market by 30 percent in the last month, compared to a 4 percent fall in the S&P BSE Sensex.…
"Gokaldas Exports rises 9% to an all-time high, indicating a positive business outlook" In the wake of growing confrontations across the island, Sri Lanka will be under a national curfew from 8 p.m. tonight until 5 p.m. tomorrow, according to the president’s media office. On Sunday, when India delivered its 12th supply of diesel to Sri Lanka, comprising over 400,000 tonnes of petroleum, new Prime Minister Ranil Wickremesinghe met with representatives from the World Bank and the Asian Development Bank to address the country’s economic problems. The island…
"Due to growing violence, Sri Lanka will be under a statewide curfew starting this evening" In retaliation for Western sanctions over the Ukraine conflict, Russia has halted natural gas supplies to a Gazprom business seized by Germany. According to German Economy Minister Robert Habeck, Gazprom Germania GmbH and its subsidiaries are no longer receiving all contracted volumes. He claims that Europe’s greatest economy and a major importer of Russian gas is getting gas from alternative sources and will be able to cope with the inconvenience. Dealings with Gazprom Germania and…
"Russia cuts gas supplies to a Ukrainian facility controlled by Germany" Canara Bank, a public sector lender, wants to invest Rs 1,000 crore in a digital banking ecosystem, including a super-app, over the next three years. Next month, the Bengaluru-based bank will reveal its super app (which has yet to be named). According to K Satyanarayana Raju, managing director of Canara Bank, this would entail upgrading the mobile banking platform with 262 features that mimic branch banking. The super-app is now under beta testing to get…
"Canara Bank plans to invest Rs 1,000 crore in digital banking infrastructure" India has donated USD 800,000 to the United Nations as part of an endeavor to improve the organization’s Hindi public outreach. R Ravindra, India’s Deputy Permanent Representative to the United Nations, presented a check for a UN project initiated by India in 2018 to spread UN information to the Hindi-speaking population around the world. In a statement, the United Nations said. “The Government of India has been making continuous efforts to expand the use of…
"India gives $800,000 to the United Nations’ Hindi-language public awareness campaign" Throughout the night, Severe Cyclonic Storm Asani proceeded west-northwestwards at a pace of 5 mph across west-central and adjacent southwest Bay of Bengal, bringing severe rains to parts of the Andhra Pradesh coast. It was about 300 kilometers southeast of Kakinada (Andhra Pradesh), 330 kilometers south-southeast of Visakhapatnam (Andhra Pradesh), 510 kilometers south-southwest of Gopalpur (Odisha), and 590 kilometers south-southwest of Puri (Odisha) at 5:30 a.m. on Tuesday, according to an India Meteorological Department (IMD)…
"Asani, a severe cyclone, moves northwest, bringing rain on the Andhra coast" According to Union Health Ministry data published on Monday, India recorded 3,207 new coronavirus infections, bringing the overall number of COVID-19 cases to 4,31,05,401, while active cases fell to 20,403. The death toll has risen to 5,24,093 with 29 more fatalities, according to figures updated at 8 a.m. According to the government, active cases account for 0.05 percent of total infections, while the national COVID-19 recovery rate is 98.74 percent. In the last 24 hours,…
"India reports 3,207 new Covid cases, 29 deaths, and a 0.95 percent positive rate" Uber reported a net loss of $5.9 billion owing to unrealized losses from holdings in Didi Global, Grab Holdings, and Aurora Innovation, but provided a good earnings projection for the current period. It indicated that the firm intends to capitalize on strong ride demand without jeopardizing earnings by focusing on product upgrades rather than incentives to overcome the driver shortage. The ride-sharing and delivery company forecasted second-quarter gross bookings of $28.5 billion to $29.5 billion…
"Uber reports a $5.9 billion net loss as Asian investment values tumble" Oil prices rises on Thursday, extending gains from the previous session, as a European Union plan for more penalties against Russia, including a six-month oil embargo, countered concerns over Chinese demand. By 0209 GMT, Brent crude futures had risen 35 cents, or 0.3 percent, to $110.49 a barrel, while West Texas Intermediate crude futures had risen 25 cents, or 0.2 percent, to $108.06 a barrel. Both benchmarks rose more than $1 per barrel earlier in…
"Oil gains 0.3% as a result of EU sanctions against Russia and a potential crude ban." In early trade on Wednesday, the rupee rose 8 paise to 76.40 against the US dollar in anticipation of foreign fund inflows through the LIC IPO. The rupee began at 76.46 against the dollar on the interbank foreign exchange, then gained ground to quote at 76.40, an increase of 8 paise from the previous close. The rupee was trading at 76.48 against the US dollar on Monday. Due to Id-Ul-Fitr, the FX market was closed…
"In early trade, the rupee jumped 8 paise to 76.40 against the US dollar."
