Likewise, silver rate today opened lower at 72,280 per kg levels and went on to hit intraday low of ₹72,212 levels. In international market, silver price today is around $23.55 per ounce levels. On why gold rate today is sideways, Sugandha Sachdeva, Executive Director & Chief Strategist at Acme Investment Advisors said, ‘Dovish comments from… Continue reading Gold prices recover on cooling US labour market. Should you buy?
Author: Tony Mash
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IRFC, Ircon hit 52-week high: Here’s why five railway stocks trade in green
Share of Indian Railway Finance Corporation Ltd (IRFC) and Ircon International Ltd gained over 6%, and touched 52-week high, while shares of Rites Ltd, Railtel Corporation of India Ltd, and Jupiter Wagons Ltd gained over 0.4% to 5%. Under the Amrit Bharat Station Scheme, which was conceptualised earlier this year with a goal to renovate more than 1,300 stations, the redevelopment is being carried out.… Continue reading IRFC, Ircon hit 52-week high: Here’s why five railway stocks trade in green
Adani Energy Solutions secures $1 bn financing for HVDC Link project in Mumbai
The credit facility is part of the $700 million revolving project finance initiative tied up in October 2021 for AESL’s ongoing transmission assets portfolio. This unique platform infrastructure financing framework ensures consistent access to capital for future projects in AESL’s transmission portfolio by utilizing funds paid back by other projects within the portfolio. The banking… Continue reading Adani Energy Solutions secures $1 bn financing for HVDC Link project in Mumbai
Reliance Jio gets $2.2 bn from Swedish export credit agency to finance 5G rollout
Reliance Industries’ annual report said the telco has largely procured gears from Swedish company Ericsson and Finnish company Nokia to deploy its 5G network, said the report. ‘RJIL tied up its first-ever Swedish Export Credit Agency (EKN) supported facilities of USD 2.2 billion equivalent making it the largest cover ever provided by EKN for a… Continue reading Reliance Jio gets $2.2 bn from Swedish export credit agency to finance 5G rollout
Emerging market stocks are having a moment as growth bets return
There are early signs of a rotation under way, with equity benchmarks beating local-currency bonds since the beginning of July. And traders are already starting to chase the rally, with Bank of America Corp. reporting that emerging-market equities have absorbed $4.1 billion in the week to Aug. 2, adding to inflows in the previous three… Continue reading Emerging market stocks are having a moment as growth bets return
L&T Finance launches Digital Sakhi project in Murshidabad
L&T Finance Holdings Ltd (LTFH), a non-banking financial company, August 5 announced the launch of its ‘Digital Sakhi’ project in Baharampur town in West Bengal’s Murshidabad district. A CSR project of the company, ‘Digital Sakhi’ trains and nurtures rural women, who in turn promote women entrepreneurship and digital financial literacy in their communities, the company… Continue reading L&T Finance launches Digital Sakhi project in Murshidabad
Mahindra Finance July biz update steady; NIM and monsoon progress key going ahead
Mahindra & Mahindra Financial Services Ltd. provided a promising business update for July, with positive growth indicators to note. The non-banking financial company reported a 12% year-on-year (YoY) increase in monthly disbursements, reaching 4,400 crore, and a 4% sequential growth. Robust disbursements contributed to a substantial 28% YoY surge in business assets, totalling ₹88,100 crore.… Continue reading Mahindra Finance July biz update steady; NIM and monsoon progress key going ahead
Concord Biotech IPO: What GMP, subscription signal as offer ends on Tuesday
Concord Biotech IPO: The initial public offering (IPO) of Concord Biotech Limited opened for subscription on 4th august 2023 and the public issue will remain open till 8th August 2023, i.e. on Tuesday next week. After day one of bidding, Concord Biotech IPO subscription status signals tepid response by investors as the issue failed to get fully subscribed… Continue reading Concord Biotech IPO: What GMP, subscription signal as offer ends on Tuesday
Sensex plunges 700 points as weak economic data spooks investors; Nifty below 19,550
Tracking negative cues from global peers, Indian equity indices traded in the red on Wednesday after weak economic data from the US, eurozone and China triggered caution and weighed on risk sentiment. The BSE Sensex was trading 693 points or 1.04% lower at 65,765. Nifty50 was trading at 19,527, down 206 points or 1.05% at around 11.08… Continue reading Sensex plunges 700 points as weak economic data spooks investors; Nifty below 19,550
If numbers don’t scare you, consider these emerging roles in finance
If you love working with numbers, chances are that you might have thought of embarking on a career in finance. Beyond the financial career options you might be already aware of – accountant, banker, stockbroker or financial advisor – what are the other emerging finance careers that can help you build a strong future-proof career? Here’s a… Continue reading If numbers don’t scare you, consider these emerging roles in finance