For the quarter ended June 2022, the current account deficit widened sequentially from $13.40 billion in March 2022 quarter to $23.90 billion in June 2022 quarter. This was largely driven by merchandise trade deficit as we shall see in detail later.

Here’s a list of the top 5 gainers and losers this week in the large-cap space. Countries all over the world continue to tackle inflation woes. Following the US Fed’s recent rate hike of 75 bps, RBI today announced a rate hike of 50 bps. With

Our focus is to strengthen growth prospects in India, expand rapidly in international markets and develop new payment models, affirms Vishal Mehta, Managing Director, Infibeam Avenues Ltd. How is Infibeam Avenues uniquely positioned to

The shares surged 3% on the day. On September 30, the market is trading in green. At 11:08 am, the S&P BSE Sensex is at 56798.83, up 0.69% on the day, while NIFTY50 is up 0.56% and trading at 16912.85. About sectoral performance, Financials is

The market experienced one of the worst weeks in recent times due to global recession fears and a series of rate hikes by various central banks. In the last five trading sessions, the Nifty declined 829 points. All the intraday pullbacks wer

The share price rose from its opening price of Rs 38.75 to a peak of Rs 40, a gain of 5%. On the BSE, Eros International Media Limited shares opened at Rs 38.75 and reached a high of Rs 39.90. The 52-week high and low for the company are Rs 47 and

Ahead of the RBI Monetary Policy Committee (MPC) policy announcement on Friday, the big question is not of whether but how much the RBI will hike rates. The RBI made an unscheduled rate hike of 40 bps in May along with a 50 bps hike in CRR. This was

July was the first month when there was a turnaround in FPI sentiments after 9 months of FPI selling. Between October 2021 and June 2022, FPIs sold nearly $33 billion of equities in Indian market. July 2022 saw tepid FPI inflows of $618 million follo

ICRA Ratings anticipates that the moderation in demand will cause India's exports of cut and polished diamonds to taper by 8–10% to $22–22.5 billion in FY2023. In the first five months of FY2023, cut and polished diamonds exports have already dec

The NSE (in its circular) has laid out the process flow for adjustment of futures and options contracts of Motherson Sumi Ltd. The company had announced a 1:2 bonus via the capitalization of the free reserves of the company. The record date for the b

During the week, the Securities and Exchange Board of India (SEBI) came out with a new framework for credit rating agencies which involved ratings of securities with explicit credit enhancement (CE) features. The idea is to bring out better understan

While the government of India is still keen to push through its stake divestment in IDBI Bank at the earliest, it has decided to slightly change its approach. The government will now adopt a 2-stage approach to privatize IDBI Bank. While the eligibil