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- Why Reliance Industries opted for 1:1 share swap for Jio Financial ServicesBut what prompted the demerger ratio of 1:1? The answer lies in the diverse shareholder base of Reliance Industries. RIL is no longer the company with the largest shareholder base, that position now going to Yes Bank Ltd with 48.13 lakh shareholders. Still, Reliance has 32.6 lakh shareholders and that’s where the decision ...
- Euro zone prices rose sharply in March, but core inflation hit a record highThe main reason behind the decline of 1.6 percentage points was the decrease in energy cost. The data does not provide strong evidence that the European Central Bank may consider pausing its rate-hike cycle, which began in July. The ECB raised rates by 50 basis points in March, taking its main benchmark rate to 3%. However, ...
- Euro area prices rose significantly in March, but core inflation registered a modest increaseA market stall in Madrid, Spain. Analysts have digested the latest inflation data outside the euro area. Europa Press News | Europa Press | Getty Images Euro zone inflation eased significantly in March as energy prices continued to slide. Headline inflation in the 20-member bloc eased to 6.9% in March, according to preliminary data released ...
- Top US general says growing partnership between Iran, Russia and China will make them ‘problematic’ for ‘years to come’(CNN) Chairman of the Joint Chiefs of Staff Gen. Mark Milley told lawmakers Wednesday that China, Russia and Iran will continue to be a problem for the US “for many years to come” because the three are working together. Speaking before the House Armed Services Committee along with Defense Secretary Lloyd Austin, Milley said that Russia ...
- Why Reliance share price skyrocketed today – ExplainedSpeaking on the reasons behind the rally in Reliance share price today, Ravi Singhal, CEO, GCL Broking said, “Reliance share price is moving up today after NCLT approval to RIL for demerger of shares in 1:1 ratio. The allotment has been approved. One ...
- UK to join Indo-Pacific trade bloc in biggest post-Brexit trade dealOn Friday, the government said it would join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which would unlock access to a region with a combined GDP of 11 trillion pounds ($13.6 trillion). The UK said it was the country’s biggest post-Brexit trade deal and became the first European country to join the CPTPP. Prime ...
- UK economy grew slightly and avoided recession, revised official figures confirmRevised figures confirmed that the UK economy avoided recession in the second half of last year, recording a 0.1% increase in the fourth quarter. Original estimates for gross domestic product (GDP) between October and NovemberReleased in mid-February, had shown zero growth. A recession is generally defined as two consecutive quarters of decline in GDP in the ...
- Ukraine War: As It Happens‘Forgive us, Lord’ Moscow court sentences man to 7 years in prison for condemning Russian atrocities in Ukraine Railway worker Mikhail Simonov wrote on the social network VKontakte that Russian pilots were “bombing children.” read 1 minute
- The stock of Bharat Electronics is trading at a huge discount. Buying Opportunity?Bharat Electronics Limited (BEL) is trading at a huge discount to other large cap industrial companies, raising doubts over sustainability of +20% operating margin under new pricing policy impacting PBT margins and concerns over sustainable operational growth Looking, said Antique Stock Broking. Bharat Electronics Limited (BEL) is trading at a huge ...
- Home prices suffer biggest drop since 2009The standard of living improved in the last three months of 2022 after falling for a year, despite double-digit inflation squeezing consumers. Households’ disposable income, when adjusted for inflation, rose 1.3% in October to December, reflecting a boost from the government’s energy support scheme. Disposable income increased by 3.6pc when inflation was not factored in, ...