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Business services provider Quess Corp on Thursday reported a 93.47 per cent jump in consolidated profit after tax (PAT) to Rs 89 crore for the quarter ending December 31, 2021.

Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 1,732.58 crore, data available with NSE suggested. DIIs turned net buyers to the tune of Rs 2,727.23 crore, data suggests.

Oil prices slip on hot US inflation concerns

Updated at : 2022-02-11 09:25:02

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Oil prices eased early on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and as investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply. Brent crude futures fell 40 cents, or 0.4%, to $91.01 a barrel at 0140 GMT, while U.S. West Texas Intermediate crude declined 25 cents, or 0.3%, to $89.63 a barrel.

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The S&P 500 is now down about 5% in 2022, and the Nasdaq is down about 9%.

Asian share markets fell on Friday, after red-hot U.S. inflation data and hawkish comments from a Federal Reserve official fuelled bets on U.S. interest rates being hiked more aggressively, and sent U.S. Treasury yields jumping.

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Economists at Deutsche Bank on Thursday said they now think the Fed will kick off its policy tightening with a 50 basis-point hike next month.

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Hindustan Copper Ltd., incorporated in the year 1967, is a Mid Cap company (having a market cap of Rs 13755.92 Crore) operating in Metals - Non Ferrous sector.

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"India business is going to grow, and continue to grow faster than our represented market, the initiatives we have taken in last few years and the Omicron coming up in the last quarter - some of the COVID related therapies like Azithromycin have seen sharp uptake in January," Pranav Amin, managing director, international business at Alembic Pharma told ET.

Airtel eyeing 20 million new users for its paid OTT

Updated at : 2022-02-11 08:20:02

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Airtel expects a revenue upside from partnerships as well as from distribution. But major OTT apps Netflix, Disney Hotstar and Amazon Prime will continue to be in standalone partnerships, which will be separate monetisation streams for the telco.

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The central bank has raised the limit for foreign funds to invest in Indian debt under the voluntary retention route (VRR) by ₹1 lakh crore to ₹2.5 lakh crore, potentially helping lower bond yields in a year that will likely see higher federal and state borrowing. The new threshold is effective April 1, which coincides with the start of the borrowing calendar for the next fiscal year. The revised investment limits were notified on Thursday.

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