Asia FX Edges Higher, Korean Won Surges Even As BOK Holds

Asia FX

Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose 0.6% and was the best-performing Asian currency for the day, even as […]

India expected to attract $100 billion FDI in 2022-23: PHD Chamber

Financial News

India is expected to attract $100 billion foreign direct investment (FDI) in 2022-23 on the back of economic reforms and ease of doing business in recent years, industry chamber PHDCCI said on Thursday It also said the current financial year is expected to attain a GDP growth of more than 8 per cent. However, the […]

Rupee gains 14 paise to 75.79 against US dollar in early trade

Financial News

The rupee appreciated 14 paise to 75.79 against the US dollar in opening trade on Monday, amid a pullback in crude oil prices At the interbank foreign exchange, the rupee opened at 75.94 against the American dollar, then gained further ground to quote 75.79, registering a rise of 14 paise from the last close On Friday, the […]

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

Financial News

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 […]

Lankan papers run out of newsprint due to forex crisis; suspend publication

Financial News

Sri Lanka’s two major newspapers on Saturday suspended their publication over newsprint shortage and price escalation caused by the country’s all-time worst foreign exchange crisis The Island, an English daily along with its sister Sinhala paper Divayina, ceased to print as the newsprint scarcities and price escalations hit the media organisation We regret to inform our readers that we have been […]

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

Financial News

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 […]

Rupee crashes 40 paise to 75.73 against US dollar in early trade

Financial News

The rupee tumbled 40 paise to 75.33 in early trade on Monday, tracking surge in crude prices amid escalating tensions between Russia and Ukraine At the interbank forex market, the local currency opened sharply lower against the dollar. It was moving in a tight range of 75.78 and 75.70. In early deals, it was trading at 75.73, […]

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

Financial News

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 […]

Power consumption grows 2.6% in January

Power consumption

India’s power consumption grew marginally at 2.6 per cent year-on-year in January to 112.67 billion units (BU), showing the impact of local restrictions imposed by states amid the third wave of COVID-1 Power consumption in the entire January last year was 109.76 BU, which was 4.4 per cent higher than 105.15 BU in January 2020, […]

Industrial And Logistics Sector Top Investment Chart In 2021, Touch New Highs


The industrial and logistics sector was the most sought-after, and investments rose to a five-year high of $1.1 billion, a five-fold increase from 2020 The sector has been drawing strong operator and investor interest due to increased demand from e-commerce and 3PL players post-pandemic This growth momentum is likely to continue in 2022, as major […]