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currency depreciation vs dollar. The dark blue line is the rupee and as we can see only the Mexican.Peso has done well if we look at the other emerging currencies like Yuan, Turkish Lira, and Pakistan.Rupee. The only currency that has done well vs dollar was the Russian Ruble.The RBI has been very vigilant in the past to lessen the damage of the Rupee and even right now

The brokerage highlighted that Zomato has to attempt to build its grocery business closer to the middle of this framework and leverage technology to design and manage its dark stores to offer 4,000-5,000 stock-keeping units with a 10-60 minutes delivery turnaround time.

This has led to a drop in his holding in Delta Corp to 90 lakh shares or 3.365 per cent from 1.65 crore shares or 6.169 per cent stake as of May 31. Earlier, data on substantial acquisition of shares and takeovers on BSE suggested that the ace investor sold 25 lakh shares or 0.93 per cent stake in Delta Corp on May 31.

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In an interview to ET NOW, Kumar said the government may not sell LIC stake in FY23 and that the life insurer will engage with the government to protect stakeholder interest. Kumar said investors seem concerned over the value of new business (VNB) and embedded value will be disclosed before the end of June.

“One has to find ideas and keep adding to them gradually as we go long. We do not know when markets will bottom, how deep they will go but the fundamentals of the Indian economy, relative to the rest of the world are in very good shape and that is the positive news.”

China shares rise on data surprise, growth hopes

Updated at : 2022-06-15 16:15:03

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The government is likely to respond to... economic weakness by delivering more fiscal stimulus. At the same time, to avoid a rapid rise in fiscal leverage, the government may also continue to deregulate some sectors to help promote tax revenue growth and employment," Iris Pang, chief economist for Greater China at ING, said in a note

Money markets are now certain that the Fed will raise rates by 75 basis points later in the day, which would be the biggest increase since 1984, after data last week showed U.S. consumer price inflation running red hot.

Marico shares fall 0.86% as Nifty gains

Updated at : 2022-06-15 16:15:03

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The stock quoted a 52-week high price of Rs 606.0 and a 52-week low of Rs 455.8.

Add DCB Bank, target price Rs 132: HDFC Securities

Updated at : 2022-06-15 16:15:03

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DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 2427.59 Crore).

“LIC presents some opportunity to investors with a one- or two-year perspective but I would like to highlight that instead of buying it only because it has fallen, we could create a two-three stock basket for the insurance plays and have some allocation for LIC along with some of the private names. ”

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