Veranda lists 15% higher over issue price on BSE; down 5% on NSE

Shares of Veranda Learning Solutions opened 15 per cent higher at Rs 157 against its issue price of Rs 137 per share on the BSE on Monday. At 10:22 am; the stock locked in upper circuit of Rs 164.85, after hitting a low of Rs 149.15 in intra-day trade so far. According to the exchange […]

Gold up as dollar, yields weaken; progress in Russia-Ukraine talks weighs

Gold prices rose on Wednesday, supported by a dip in the U.S. dollar and Treasury yields, though signs of progress in Russia-Ukraine peace talks dented the metal’s appeal as a safe haven and kept gains in check. Spot gold was up 0.3% to $1,923.95 per ounce by 0210 GMT. U.S. gold futures rose 0.5% at $1,927.70. The metal fell as […]

Hacker steals $625 mn in crypto from Blockchain platform Ronin

In one of the largest decentralized finance (Defi) breaches yet, a hacker has stolen cryptocurrencies worth $625 million from Ronin, a Blockchain platform behind the popular non-fungible token (NFT) game Axie Infinity. The Blockchain platform and Axie Infinity operator Sky Mavis admitted the security breach, saying that 173,600 Ethereum and 25.5M USDC (a cryptocurrency pegged to the US dollar) were drained […]

Rupee advances 22 paise to 76.78 against US dollar in early trade

The rupee advanced 22 paise to 76.78 against the US dollar in the opening trade on Wednesday, supported by the weakness in the American dollar and recovery in domestic equity markets. Forex traders said the rupee could remain range-bound and can witness high volatility amid the deepening Russia-Ukraine conflict. At the interbank foreign exchange, the rupee opened […]

Rupee plummets 76 paise to 76.93/USD as oil soars amid Ukraine crisis

Sliding for the fourth straight session, the rupee tanked 76 paise to close at 76.93 on Monday, after touching its lifetime low of 77 against the US dollar, as crude oil prices climbed to multi-year highs amid the Russia-Ukraine crisis. Global oil prices soared past USD 120 per barrel amid the US and European nations […]

Forex reserves jump by $2.76 bn to $632.95 bn: RBI data

The country’s foreign exchange reserves increased by USD 2.762 billion to USD 632.952 billion for the week ended February 18 on a healthy rise in the value of gold reserves and core currency assets, the RBI said on Friday. In the previous reporting week, the overall reserves had declined by USD 1.763 billion to USD […]

Canara Bank hikes fixed deposit rates by up to 25 basis points

State-owned Canara Bank on Tuesday raised interest rates on fixed deposits across various maturities by up to 25 basis points. The revised rates are effective from March 1, 2022, Canara Bank said in a statement. Interest rate on fixed deposits for tenure 1 year has been increased to 5.1 per cent while for one-two years it is raised to […]

Rupee slumps 49 paise to 75.82 against US dollar in early trade

The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at […]

₹34 to ₹142: Small-cap multibagger stock gives 300% return in 2022

Amid stock market investors are busy finding out possible multibagger stocks for 2022, a good number of small-cap stocks have entered the list of multibagger stocks and multibagger penny stocks in 2022. Shares of Variman Global Enterprises are one of them. This BSE listed IT solution company stock has surged from ₹34.35 (close price on 31st […]

MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market

Mutual fund houses launched 140 new fund offerings (NFOs), which collected about Rs 1 lakh crore in 2021 on a sharp rally in the markets and an exceptional increase in the retail investors’ interest. However, the current volatility in the stock market might prompt asset management companies (AMCs) to limit the launch of NFOs this year, said MyWealthGrowth.com co-founder […]