Zydus Cadila’s ‘Virafin’ Gets DCGI Approval – Top Indian Market News Zydus Cadila’s ‘Virafin’ gets DCGI approval for treatment of moderate Covid-19 cases Zydus Cadila announced that it has received restricted emergency use approval from the Drugs Controller General of India (DCGI) to use antiviral drug ‘Virafin’ (Pegylated Interferon alpha-2b) for the treatment of moderate Covid-19 infections. Virafin will help Covid-19 patients recover faster and avoid […] Written by Cherian Varghese April 23, 2021April 23, 2021
ICICI Securities’ Net Profit Jumps Two-Fold in Q4 – Top Indian Market News ICICI Securities Q4 Results: Net profit jumps two-fold to Rs 329 crore ICICI Securities Limited reported over a two-fold year-on-year (YoY) increase in net profit to Rs 329 crore for the quarter ended March (Q4). Its revenue jumped 53% YoY to Rs 739 crore during the same period. The revenue growth was supported by a […] Written by Cherian Varghese April 21, 2021April 21, 2021
Covid-19 Second Wave Poses Increased Risk For India’s Economic Recovery: Top Indian Market News Covid-19 Second Wave Poses Increased Risk For India’s Economic Recovery: Fitch Credit rating agency Fitch on Friday said that the second wave of COVID-19 currently soaring in India poses an increased risk for its economic recovery. It cited concerns regarding the MSME sector and the Banking Sector, both of which are still recovering from the […] Written by Maarg Vaidya April 9, 2021April 9, 2021
SEBI Imposes Rs 25 crore fine on Ambani and Family- Top Indian Market News SEBI imposes Rs 25 crore fine on Ambani and Family Market regulator SEBI or Securities and Exchange Board of India has imposed a Rs 25 crore fine on Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani, KD Ambani, and other family members, in a case dating 20 years back. According to SEBI guidelines, any promoter […] Written by Maarg Vaidya April 8, 2021April 8, 2021
Tata Power to Develop 60 MW Solar Project in Gujarat – Top Indian Market News Tata Power receives order to develop 60 MW solar project in Gujarat Tata Power Limited has secured an order to develop a 60 megawatt (MW) solar project for Gujarat Urja Vikas Nigam Ltd (GUVNL). The energy will be supplied to GUVNL under a power purchase agreement (PPA), which is valid for 25 years from the […] Written by Cherian Varghese March 30, 2021March 30, 2021
Oil Price Falls with Oversupply Concerns – Top 10 Global News 1. U.S. Stocks Slump as Oil Tumbles, Bonds Advance U.S. equities slumped as rising virus cases and a lockdown in Germany sparked concerns the global reopening will be delayed. The S&P 500 Index edged lower amid signs that progress against the pandemic is stalling as worldwide deaths and cases creep higher. The small-cap Russell 2000 […] Written by Jaseel Muhammed March 23, 2021March 23, 2021
U.S. – China Talks end in Bickering – Top 10 Global News 1. Stocks Decline With Treasury Yields Pushing Higher U.S. stocks declined and Treasury yields pushed higher with inflation concerns lingering and the Federal Reserve letting a capital break for big banks expire. The yield on the benchmark 10-year Treasury rose for the fourth day after the central bank denied requests from Wall Street that it […] Written by Jaseel Muhammed March 19, 2021March 19, 2021
Traders Brace for Inflation as Bond Yields Overshoot – Top 10 Global News 1. Nasdaq Futures Slide With Bonds on Inflation Risks Inflation concerns are rattling investors once again, fueling a selloff in U.S. bonds and sending Nasdaq futures sharply lower. Ten-year Treasury yields climbed above 1.7% for the first time since January 2020, and the 30-year rate topped 2.4%. The Nasdaq 100 Index, a benchmark for high-valuation […] Written by Jaseel Muhammed March 18, 2021March 18, 2021
Global Chip Crunch Force Samsung to Delay “Note” Series – Top 10 Global News 1. Yields Jump, Tech Declines Amid Dot Plot Anxiety Treasury yields climbed to more than one-year highs and growth stocks favoured under the so-called reflation led U.S. equity declines amid concern Federal Reserve officials could revise forecasts for when they see a liftoff from near-zero rates. The tech-heavy Nasdaq 100 slumped for the first time […] Written by Jaseel Muhammed March 17, 2021March 17, 2021
US to Raise Taxes for the Rich – Top 10 Global News 1. Tech Shares Rise for Second Day; Oil Extends Drop Technology shares gained for a second day as investors continued to shift between growth and value stocks while gauging the global economic recovery. Apple and Microsoft led the tech-heavy Nasdaq 100 higher, while the Dow Jones Industrial Average declined from a record high. The benchmark […] Written by Jaseel Muhammed March 16, 2021March 16, 2021
China Clamps Down on Tech Giants – Top 10 Global News 1. U.S. Stocks Fluctuate; Crude Oil Declines U.S. stocks fluctuated as investors weighed the budding economic recovery and progress on vaccines against the risks of rising inflation. The benchmark Treasury yield was little changed. The benchmark S&P 500 swung between gains and losses, with utilities and consumer staples higher, while the energy sector declined. The […] Written by Jaseel Muhammed March 15, 2021March 15, 2021
U.S. Passes $1.9 Trillion Stimulus – Top 10 Global News 1. Nasdaq Futures Slide as Yields Climb With Dollar A fresh bout of bond volatility hit markets on Friday, sparking a risk-off mood that sent technology stocks sharply lower. The dollar jumped. Futures on the Nasdaq 100 gauge slumped after accelerating vaccinations in the U.S. and the passage of the $1.9 trillion pandemic-relief bill sent […] Written by Jaseel Muhammed March 12, 2021March 12, 2021
