[ad_1] Revlon Inc. filed for Chapter 11 Unable to manage its huge debt load amid bankruptcy, supply chain crisis and high inflation. The billionaire-owned cosmetics giant Ron Perelman sought court protection in the southern district of New York, and listed both assets and liabilities up to $10 billion, according to court papers. Chapter 11 filings […]
ICICI Lombard Share Price: Check Chart: Down 30% From High! This insurer is showing signs of a bullish turnaround
[ad_1] It may be down around 30 per cent from its September 2021 highs, but the stock is showing early signs of a trend reversal which bodes well for the bulls. The stock with a market capitalization of over Rs 56,000 crore hit a 52-week high of Rs 1,674 on 22 September 2021, but failed […]
FPI outflows above Rs 2 lakh crore, double from 2018’s high
[ad_1] (This story originally appeared in . on 16 June 2022) Mumbai: Net Foreign Fund flow away India has crossed the Rs 2 lakh crore mark in 2022, the highest ever annual figure and more than double the previous high of Rs 80,917 crore recorded in 2018. Overall, over 90%, or about Rs 1.9 lakh […]
Tata Group Stock: This outperforming stock of Tata Group may climb to new all-time high
[ad_1] New Delhi: First Kovid and now inflation! So far, Tata GroupThe U.S. retail apparel firm has not only managed to deliver great returns to its shareholders over the years, but has outperformed its peers as well. And given the company’s focus on growth, improved return profile and revival in consumer sentiment, it is likely […]
Cairn India hits record high on BSE amid stake sale talks
[ad_1] Mumbai: Shares of Cairn India Limited rose 5 per cent to a record high of Rs 358 on Friday. BSE between the news Vedanta Resources UK-based Cairn is in talks to buy a majority stake in a subsidiary of Energy. Shares, which were flat for most of the session, shot up in the last […]
Palm oil: India’s May palm oil imports hit 7-month high despite Indonesia’s embargo-dealers
[ad_1] of India bribe Exports in May were the highest in seven months and were up 15% in April as the country imposed curbs on Indonesian export By sourcing more commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said. buy more by Indiaworld’s largest importer Vegetable oilSupport may be provided to Malaysian […]
Rakesh Jhunjhunwala Stock: Down over 20% from recent high, can this Rakesh Jhunjhunwala stock stage recovery?
[ad_1] Shares of Jhunjhunwala’s largest stock holding by value have tumbled over 23 per cent from recent highs, essentially placing the stock in bear territory. The stock hit a 52-week high of Rs 2,767.55 on March 21, 2022 and a 52-week low of Rs 1,661.85 on July 20, 2021. On Wednesday, it closed at Rs […]
Short-term rates at three-year high
[ad_1] Ahead of the Monetary Policy Committee (MPC) meeting next week, short-term yields are rising. The yield on the Reserve Bank of India’s one-year T-bill touched 6.08% on Wednesday (reserve Bank of India) auction. This is the highest level since July 2019 and a nearly three-year high. Yields had risen on the short end of […]
Sensex at new high, Nifty may reach above 18700 in 12 months; Volatility offers attractive opportunities
[ad_1] NSE nifty 50 And BSE Sensex Analysts at ICICI Direct expect it to hit an all-time high in the next one year on the back of good earnings growth. The brokerage firm has shifted its 12-month rolling target for Nifty 50 to 18,700, which will not only be a new all-time high but will […]
Manufacturing PMI stable, export orders at 11-year high
[ad_1] Manufacturing growth held steady in May, as export orders hit an 11-year high and companies could secure new deals, despite increasing selling prices at the fastest pace in eight-and-a-half years, with input costs rising. Customers to pass the spike in burden. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) eased slightly […]