Latest Stock Market News

Softer economic growth raises risks of weaker corporate profits, in theory paving the way for softer share prices. Several Wall Street banks have in recent weeks warned that the chances of a U.S. recession are rising, along with an increased likelihood of the low-growth, high-inflation environment known as stagflation

Consolidated revenues of the drug firm, however, rose to Rs 3,019 crore in the quarter under review as compared to Rs 2,860 crore in the year-ago period, recording an increase of 6 per cent year-on-year.For the year ended March 31, 2022, the Mumbai-based drug firm reported a PAT of Rs 994 crore, as against Rs 970 crore in FY21.

Our focus continues towards increasing insurance coverage for families across India. We are seeing a steady shift in business mix towards smaller towns and cities; currently 59% of our insurance business is from non-Tier 1 cities, up from 28% in FY17," the company said in a letter to shareholders.

"Financial success depends a lot on our financial decisions, be it business or investing. Most of the time financial decisions are affected by cognitive and emotional biases resulting in losses, sub-par returns, or even destruction of wealth in some cases. Some of the most common biases affecting investment decisions are seeking instant gratification, loss aversion and confirmation bias."

Accordingly, the regulator modified its interim directions and allowed credit and debit of securities in the accounts of the entities except the securities of Lux Industries.

Siemens AG, promoter of the company, intends to purchase the LDA Business of Siemens, India. This proposal is based on the plan to carve out Siemens LDA business globally into a separate legal entity.

"Interestingly, on weekly charts, the last three candles put together also point towards a sideways consolidation in the larger range of 16,400 and 15,700 levels but with a Hammer kind of formation for the current week. Hence, a close above 16,400 can further expand the upswing toward the 200-day exponential moving average, whose value is placed around

Adverse net terms of trade shocks and safe haven demand for gold may have expanded India’s merchandise trade deficit in the second half of 2021-22, but firm capital inflows dominated by foreign direct investment moderated pressure on the current account balance, the RBI said in its Annual Report for 2021-22.

In a bid to improve overall economic growth in the country, the Union Government had announced a hefty reduction in corporate tax rates from 30 per cent to 22 per cent.

The board of the company was supposed to meet on May 30, 2022. The company did not provide the new date of the board meeting but assured that it will be communicated shortly.