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Economic Buzz: Swiss Central Bank Lowers Policy Rate By 25 bps To 1.50%

Mumbai, March 21 -- The Swiss National Bank cut its policy rate by a quarter-point on Thursday as the fight against inflation over the last two and a half years has been effective. The SNB lowered the... Read More


MCX Gold June Futures Hit Rs 67370 Per 10 Grams As Global Prices Record Scintillating Gains

Mumbai, March 21 -- COMEX Gold soared above $2,225 an ounce to hit new record highs as the US Federal Reserve signaled it would maintain its dovish stance with three interest rate cuts this year. The ... Read More


Mahindra & Mahindra Financial Services receives ratings action from India Ratings & Research

Mumbai, March 21 -- Mahindra & Mahindra Financial Services has received credit ratings from India Ratings & Research as under:1 Non-convertible Debentures (Rs 39000 crore) - 'IND AAA'/ Outlook Stable ... Read More


UK Pound Eases Below $1.28; BoE Rate Decision In Focus

Mumbai, March 21 -- UK Pound is paring some of its sharp gains registered earlier in the day against the dollar. GBPUSD is easing from a one-week high on Thursday after release of mixed set of UK data... Read More


Mahindra & Mahindra Financial Services receives credit ratings from CRISIL

Mumbai, March 21 -- Mahindra & Mahindra Financial Services has received credit ratings from CRISIL as under:Non convertible debentures (Rs 10,000 crore) - CRISIL AAA; Stable Subordinate debt (Rs 1,000... Read More


Quick Wrap: Nifty PSE Index gains 3.51%

Mumbai, March 21 -- Nifty PSE index ended up 3.51% at 8934.85 today. The index has slipped 6.00% over last one month. Among the constituents, Power Finance Corporation Ltd rose 6.98%, REC Ltd added 6.... Read More


Shyam Metalics forays into aluminium flat-rolled products

Mumbai, March 21 -- Shyam Metalics & Energy announced its ambitious foray into a greenfield expansion project focused on aluminium flat-rolled products. The Group intends to invest Rs 450 crore in the... Read More


DCB Bank rises on appointing Praveen Kutty as MD & CEO

Mumbai, March 21 -- Further, the board has also resolved that by virtue of Kutty's appointment as the MD & CEO, he shall be considered as whole-time key managerial personnel (KMP) of the bank. Pravee... Read More


Barometers end with strong gains; VIX sinks 7.12%

Mumbai, March 21 -- The domestic benchmarks ended with significant gains on Thursday, investors digested FED policy outcome. The Nifty settled above the 22,000 level. All the sectoral indices on the N... Read More


Muthoot Finance acquires additional 4.48% stake in Belstar Microfinance

Mumbai, March 21 -- Muthoot Finance has completed the acquisition of further 4.48% equity stake in its subsidiary, Belstar Microfinance through off-market acquisition from the promoters. The company a... Read More