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The global cryptocurrency market cap was trading higher at the $909.69 billion mark, zooming more than 6 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped almost 38 per cent to $55.27 billion.

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Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 267644.96 Crore) operating in Building Materials sector.

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The company plans to carry out branch expansion across South India and North India. Branch expansion will also aid in creating employment opportunities in the sector as the company plans to train and hire 600 more people to support this expansion.

Tata Motors hopes to pay dividend soon: Chandra

Updated at : 2022-07-05 09:40:03

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Tata Motors hopes to return to the list of dividend-paying companies soon. The flagship of the Tata Group has not paid dividends to its shareholders for the last five years.

The company has plans of expanding the product portfolio to 10 electric vehicles by 2025 and he expects the share of EVs in total sales to rise to 25% in the next five years.

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The case dates back to 2014 when TCS was accused of stealing intellectual property from Epic Systems.

The proposed transaction is likely to value Manipal Hospitals at around ₹18,000 crore, said a second person. If the deal fructifies, it will yield a near three-fold return for the US PE firm on its seven-year-old investment.

Trade deficit jumps to record $25.63 billion in June

Updated at : 2022-07-05 08:20:03

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The trade deficit during the first three months of this fiscal year widened to $70.25 billion from $31.42 billion in the year-ago period, according to data released by the commerce and industry ministry.

Gold inches down as U.S. bond yields bounce back

Updated at : 2022-07-05 08:20:03

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Gold prices fell in the previous session on prospects of interest rate hikes from central banks that are trying to take on inflation, but managed to stay above the $1,800 price support level. Higher interest rates and bond yields raise the opportunity cost of holding non-yielding bullion.

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“HDFC Bank has received a letter dated July 04, 2022 from the Reserve Bank of India whereby the RBI has accorded it’s ‘no objection’ for the Scheme, subject to certain conditions as mentioned therein,” the bank said in an exchange filing. Earlier HDFC Bank had stated that it has applied to the RBI seeking leeway to meet certain regulatory conditions.

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