Topics: Market Analysis

Insolvency plea filed against IL&FS transportation’s Spanish arm ‘Elsamex SAU’

Mumbai based IL&FS Transportation on 3rd July said, "One of the lenders of its Spain-based subsidiary Elsamex SAU, has filed for insolvency." In a filing...

LIC Managing Director T C Suseel Kumar joins Axis Bank board

Private lender Axis Bank on Monday said, "The bank has appointed Managing Director of Life Insurance Corporation of India (LIC), T C Suseel Kumar...

Crosses rally on robust PMIs

Euro and Sterling rallied yesterday as France, Germany and UK manufacturing PMIs came in better than expected. Onshore, the USDINR spot moved lower yesterday to...
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Piramal Enterprises to raise Rs 2,590 crore via NCDs

Mumbai-based healthcare company Piramal Enterprises said, "Its board has approved raising to Rs 2,590 crore through issuance of secured non-convertible bonds on a private...

Arvind Fashions revises the plan, Will raise Rs 399 crore through rights

Leaders in textile manufacturing Arvind Fashions on Sunday said, "It has revised the amount of capital it plans to raise through the right of...

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...
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Market Analysis: Dow ends above 23,000 mark for the first time in a month

The Dow gained 3.4% to close above the 23,000 mark for the first time in a month despite the US seeing the largest number...

Market Analysis: Stocks rise, USD weakened after US Congress approves stimulus package

We witnessed an emphatic recovery in global equities in the past couple of days. The US parliament approved a USD 2tn stimulus package which...

Market Analysis: “COVID-19 to dry up the liquidity in the FX market, quotes to become wider as participation tapers off.”

The Global Coronavirus situation continues to become grim by the day. Several countries across Europe have come to a grinding halt on account of...
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Market Analysis by Abhishek Goenka: Why is rupee not depreciating till now despite USD strength?

The Rupee has been one of the better-performing currencies amid the extreme panic and turmoil we have witnessed in global markets. On previous occasions...

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