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World food prices ease in Dec, but hit 10-year peak in 2021: FAO
World food prices eased in December after four consecutive monthly gains but jumped 28% over 2021 for the highest average level since 2011, the U.N. food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 133.7 points last month compared with […]
Sensex reclaims 60,000 mark; FPI buying, macroeconomic data buoy sentiment
The Sensex reclaimed the 60,000 mark after seven weeks, despite rising Covid-19 cases, as the benchmark indices closed higher for the fourth straight session on Wednesday. Inflows from foreign portfolio investors (FPIs), expectations of good quarterly results, and optimism triggered by positive macroeconomic numbers enthused investors. The Sensex gained 367 points, or 0.6 per cent, to close at 60,223, […]
India’s 2022 steel consumption seen strong amid muted prices, infra push
The government’s thrust on infrastructure, coupled with an increase in demand from the construction, engineering, and other sectors, is expected to push up domestic steel consumption in 2022, according to brokerages and rating agencies. The country’s consumption is expected to jump to 111 million tonnes (mt) in calendar year 2022 (CY22) after a severely impacted CY20, which […]
Alka Mittal becomes first woman to head ONGC as CMD
Alka Mittal, director of human resources at energy major Oil and Natural Gas Company (ONGC), has been given the additional charge of chairman and managing director, the company announced on January 3. With this appointment, Mittal has become the first woman ever to head ONGC as its CMD. She will hold the post for six months or until […]
West Bengal announces fresh curbs, restricts flights from Mumbai, Delhi
The West Bengal government on Sunday said flights from Mumbai and Delhi were being restricted to twice a week from January 5 as new Covid cases in the state mounted to 6,153 from 1,089 on December 29. In a letter to the civil aviation ministry, the state government said that in view of the rising Covid cases […]
Rangebound Sensex slips 91pts at close, Nifty holds 17,200;Pharma stks gain
The key benchmark indices exhibited a lacklustre movement amid subdued global cues before ending on a flat note. The BSE benchmark index had touched a low of 57,721 in opening deals, but soon recouped losses and touched a high of 58,097. The index thereafter moved in a thin 200-point range (57,800-58,000) for the rest of the day. […]
How Indians invested in crypto in 2021?
The year 2021 will be remembered as the time when the crypto market came of age. From being a retail investor-heavy segment, the industry saw widespread adoption from major corporates such as Tesla, PayPal and MicroStrategy. As per experts, meme coins, central bank digital currency, metaverse, and non-fungible tokens (NFTs) were the four major trends […]
Stocks to Watch: HP Adhesives, RBL Bank, Adani Trans, HUL, Lupin, CBI
The key benchmark indices are likely to start trade on a quiet note owing to lack of any major directional cues from the overseas market. As of 08:00 AM, the SGX Nifty futures were quoted at 17040, up 14 points. Meanwhile, here the top stocks to focus in trade today. HP Adhesives: The stock will make […]