Lowe's Financial News

Why Rupee Hit Record Low? MINT Detangle Explains i... moreWhy Rupee Hit Record Low? MINT Detangle Explains in 1 Minute #rupee #dollar #mint #currency #import #export #indianeconomy #narendramodi #usa #interestrates #rbi #interestingfacts

By Jamie McGeever

By Prerana Bhat and Indradip Ghosh

By Amruta Khandekar and Shristi Achar A

China Evergrande Group has filed for protection from creditors in a US bankruptcy court as part of its debt restructuring process, amid rising concerns over China’s worsening property crisis and a weakening economy. The Chinese property giant sought protection under Chapter 15 of the US bankruptcy code, which shields the non-US companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in US. The bankruptcy protection filing indicates that the company is nearing the end of its restructuring process after more than one and a half years of negotiations with creditors.

RBI should have been. Based on the shocking jump in July’s inflation to 7.44%, they should have been. Consider one Monetary Policy Committee’s (MPC) member’s statement as recorded in the minutes of the June 2023 meeting.

TD Cowen analysts told investors Friday that Netflix's (NASDAQ:NFLX) US member penetration rose in July.

dollar hovered around a two-month high on Friday, set for a fifth consecutive week of gains in the longest winning streak for 15 months, buoyed by demand for safer assets on worries over China's economy and bets U.S. interest rates will stay high. The People's Bank of China (PBOC) set a much-stronger-than-expected daily fixing, lifting the yuan from a 9-month low hit on Thursday, while sterling fell after British retail sales weakened more than expected in July.

By Huw Jones

The highly-anticipated launch of Shibarium has been big news this week, after a huge influx of transactions overwhelmed the new main-net bridge on Wednesday - igniting a -28% tumble in SHIB price.

Risk assets from European equities to Asian stocks and cryptocurrencies fell on Friday as worries about China and higher global interest rates sapped sentiment.

Cryptocurrencies extended declines, sliding with global risk assets as investors price in higher interest rates for longer. A report of Elon Musk’s SpaceX selling Bitcoin holdings added to the concerns. 

Nirav Karkera, Head of Research, Fisdom, says if you have less than five years to retire, you should definitely build a corpus utilising slightly equity-oriented products but not very heavily equity-oriented and even within equity, do not go towards the farther end of the markets that are midcaps or smallcaps; stick to less volatile largecaps and blue chips.”If somebody is already a senior citizen, what should they keep in mind while putting fresh money into different asset classes that are available? Also, what are the key points they need to be noting given the requirements in times ahead?For a senior citizen, life is not very different from any other investor irrespective of whether a senior citizen or not and the basics apply to them as well. So, the number one point that most people do not really recognise is that investing decisions do not start with finding the right product or the most exciting investment opportunity, but with assessing your own self, your own financial condition, your risk profile, your objectives and your appetite for volatility or risk.

Shares of Pfizer(up 1.71 per cent), Natco Pharma(up 1.03 per cent), Biocon(up 0.92 per cent), Zydus Lifesciences(up 0.47 per cent) and Alkem Laboratories(up 0.31 per cent) ended the day as top gainers in the pack. On the other hand, Gland Pharma(down 3.02 per cent), Lupin(down 2.24 per cent), Glenmark Pharmaceuticals(down 1.68 per cent), Laurus(down 1.42 per cent) and Granules India(down 1.26 per cent) finished as the top losers of the day.

equity fund DBAG Fund VI. “Our 8-year-long association with GMM Pfaudler has been defined by shared values, strategic alignment, and an unwavering commitment to growth. We are immensely proud of what we have achieved together.

Coal India fell 2% on Friday as the stock traded ex-dividend today. Coal India shares fell as much as 2.17 per cent at 227.25 on the NSE at 1.28 pm. The central public sector undertaking (CPSU) announced a final dividend of ₹4 per equity share during the Q4 and annual earnings announcement in May 2023.

Page Industries Ltd. traded at Rs 40402.35 on BSE at 02:11PM (IST) on Friday, down 2.05 per cent from previous close. The scrip quoted a 52-week low price of Rs 34968.6 and a high of Rs 54262.3.

MphasiS Ltd. dropped 2.54 per cent to Rs 2280.0 at 02:06PM (IST) in Friday's trade. The scrip has hit a high of Rs 2327.4 and low of Rs 2254.15 so far during the session.

Cholamandalam Investment & Finance Company Ltd. fell 1.2 per cent to Rs 1008.65 in Friday's trade as of 01:50PM (IST) even as the benchmark Nifty ruled at 19284.35, down 80.9 points. The scrip had closed at Rs 1020.8 in the previous session.

Info Edge (India) Ltd. traded 2.41 per cent lower in Friday's session at 01:55PM (IST).

PI Industries Ltd. traded at Rs 3751.1 on BSE at 01:45PM (IST) on Friday, down 2.01 per cent from previous close. The stock quoted a 52-week low price of Rs 2870.0 and a high of Rs 4010.0.