BUSINESS
India TWS shipments hit record 21 mn in 2021, boAt leads
Homegrown brand boAt captured the top spot for the sixth consecutive quarter, followed by realme and Noise, according to Counterpoint Research. Following this, brands like pTron, Noise, Dizo and boAt also started offering ANC-enabled devices in the same segment. India's TWS market saw a healthy 20 per cent YoY growth in the premium segment (more than Rs 5,000).
Concerns grow about food prices worldwide after Russian invasion
"I think it's a little early to make projections and hypothesize about circumstances," he added on Thursday. "If I were a Commissioner or an (Agriculture) Secretary in a European country, I would probably have a much different feeling about this," he said. "I think we in the US are fortunate. We have tremendous capacity; we have tremendous production capacity."
MPC unanimously agreed on repo rate, but not on accommodative stance: Minutes
According to the minutes of the MPC meet which took place from February 8 to 10, all six members of the MPC unanimously voted to retain the RBI's repo rate, or short-term lending rate, for commercial banks, at 4 per cent. Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent.
Collateral Damage: Rupee falters as Russia attacks Ukraine
The Indian rupee became a casualty of the ongoing Russia-Ukraine hostilities as it weakened by over 1 per cent on Thursday. The rupee weakened by 1.3 per cent to Rs 75.65 per USD from its Wednesday's close of Rs 74.55. Global equity indices and currencies also slid after Russia decalred military operation in Ukraine.
Cost of War: Equities, rupee plunge as FIIs pump out over Rs 6K cr
Global headwinds triggered via Russia's attack on Ukraine heavily dented India's domestic equity markets as well as the rupee on Thursday. The indices -- S&P BSE Sensex and NSE Nifty50 -- logged its second worst day since March 2020 on Thursday as foreign investors fled. The FIIs were net sellers on BSE, NSE and MSEI in the capital market segment on Thursday. They net sold Rs 6,448.24 crore worth of equities.
NSE Scam: Money trail can lead to the mysterious 'yogi'
What is clear from the contents of the emails from mail id '[email protected]' to Ramkrishna is that the "yogi" is a person who is well versed with NSE organisational set up, stock market operations, and having power at different levels. The yogi also has an office in Delhi's upmarket Vasant Vihar and is a good friend of foreign shareholders representation committee on NSE Board.
Biden likely to release another round of US emergency oil stockpile
Croft, a former CIA analyst, added that the size of the release will "likely be larger" than the one announced in November that provided just modest relief to American drivers filling up at gas pumps, the report said.Although emergency oil releases can help cushion the blow from supply shortages, they won't solve the underlying supply-demand imbalance that drove energy prices to seven-year highs even before the invasion of Ukraine.
Madhuri Jain escalates battle with BharatPe on Twitter after sacking
Fintech platform BharatPe had sacked Madhuri Jain, the wife of its co-founder and Managing Director Ashneer Grover, on Wednesday for alleged financial irregularities during her tenure. "The whole thing is a conspiracy. Why did @mickymalka and @HarshjitSethi of @Sequoia_India seek my resignation on 19.1.22 (same day Ashneer went on voluntary leave) ?
Investors may move part of their savings into gold due to risk of underperformance of equities
Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said international gold prices have remained mostly above $1,750 for most of the months in the last one year but despite that gold imports by India have remained high. Gold imports have actually risen sharply to $40.5 bn in the April-January of FY22 which is the highest ever for the country in the past comparable periods.
Russia-Ukraine war sends Brent Crude Oil prices beyond $100
On Thursday, Russian President Vladimir Putin announced a military operation in Ukraine. Besides, crude oil prices surged by 5.50 per cent near 97.22 per barrel on the NYMEX WTI index. Notably, Russia is one of the world's top producers of crude oil and any western sanctions against Russia will stiffen the global supply.
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