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Adani Enterprises Issues NCD Of ₹800 Crore, With Interest Rates 9.90%

Adani Enterprises Limited is seeking to earn ₹400 crore through the public offering of secured, graded, listed, convertible, non-convertible debentures (NCDs) with a face value of ₹1,000 apiece. As per an exchange filing, the company has incorporated a green shoe option that permits an oversubscription of up to ₹400 crore, hence increasing the total potential […]

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As Oil Prices Decline, Toronto Market Almost Misses Record High

Canada’s main stock index fell on Tuesday, reversing a record high, as falling oil prices evaluated on the energy sector and investors analyzed bank earnings forecasts following conflicting results from several of the country’s top lenders. Toronto Stock Exchange Fell After closing at a record high on Monday, the S&P/TSX composite index on the Toronto

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Wall Street rises as Powell solidifies expectations of a September rate cut

As dovish comments from US Federal Reserve Chair Jerome Powell cemented expectations that the central bank will lower its key policy rate in September, US markets rose on Friday. “The time has come” to decrease the Fed funds target rate, Powell declared in highly anticipated remarks prior to the Jackson Hole Economic Symposium, adding that

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HUDCO and Cochin Shipyard, two PSU equities, are two of the thirteen additions to the FTSE All-World index

The global index producer FTSE revealed modifications to its All-World Index on Friday, including 13 Indian stocks. India added the most stocks to the index, followed by six Taiwanese stocks, two stocks from Korea and Hong Kong, and one stock from Australia.  Bank of Maharashtra, Bharat Dynamics, Central Bank of India, HUDCO (Housing and Urban

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For the eighth straight session, the Nifty 50 continues to soar, and the BSE Mcap hits a new high of ₹462 lakh crore

On Monday, August 26, the Indian stock market saw significant gains. The Nifty 50 and the Sensex increased by around 1% each, indicating that investors were pleased with US Fed Chair Jerome Powell’s announcement last Friday at Jackson Hole that a policy adjustment was warranted.  The rise in the Indian stock market reflected the optimistic

For the eighth straight session, the Nifty 50 continues to soar, and the BSE Mcap hits a new high of ₹462 lakh crore Read More »

As Fed’s Powell suggests a rate drop, the Dow rises more than 400 points

 Following US Federal Reserve Chairman Jerome Powell’s announcement on Friday that the bank was prepared to lower interest rates as inflation was slowing, stock markets surged. After the speech, the broad-based S&P 500 climbed more than one percent, the Nasdaq gained 1.3 percent, and the Dow was up 476 points, or 1.17 percent. On Thursday,

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