Adani Green: Bonds of Tata Motors, Adani Green sink as India’s debt sinks due to weak rupee

[ad_1] Jaguar-owner and mining giant Resources Ltd’s debt suffered the biggest fall on record last week, among a handful of Indian companies whose bonds fell to record lows of the rupee. In addition to those two dollar notes maturing in 2024, Energy’s forex bonds fell the most since March, while GMR Hyderabad 2026 debt also declined, Bloomberg-compiled data shows. The fall coincides with the rupee touching its all-time low against the dollar, posing the challenge of already high interest rates for Indian companies to pay off existing foreign debt or…

Rice prices jump 10% in just five days due to Dhaka duty cut

[ad_1] Indian rice prices have increased by 10 per cent in the last five days in both domestic and international markets. Bangladesh Reduced import duty and duty on rice from 62.5 per cent to 25 per cent, pushing Indian traders for export deals with the neighboring country. On June 22, Bangladesh came up with a notification that allows the import of non-basmati rice till October 31. This is the first time that Bangladesh has started importing rice. India It is feared so soon that India may impose restrictions on the…

Sensex: These shares of BSE 500 down by 15-28% due to the strengthening of bears’ hold on D-Street

[ad_1] It turned out to be a painful week for investors on Dalal Street as the benchmark index Sensex Lost 2,943 points. The broader Nifty 50, which ended below the 15,300 mark, is now only 411 points away from officially entering bear territory. Data shows this was the worst week for nifty in more than two years. Unabated selling of Indian equities by foreign portfolio investors (FPIs) also pushed the headline stock index down. Marking the biggest annual outflow, foreign investors have so far sold Indian shares worth over Rs…

Stock market news: D-Street awaits consolidation due to global adverse conditions

[ad_1] Markets remained sluggish throughout the week as rate hike and inflationary pressures remained the key pressures. Theoretically, demand-side issues are dealt with by the central bank through monetary policies, while supply-side ones, through fiscal measures by the government. However, in the real world when a crisis occurs, its wider impact is felt across borders, regions and regions, and more often than not, a combination of fiscal and monetary policies are implemented. Since the start of the pandemic, reserve Bank of India And the government has turned into brothers with…

The possibility of weakening of the rupee due to the strengthening of the dollar, risk aversion in the markets; USDINR pair to trade in this range

[ad_1] Indian Rupee There is a possibility of depreciation on Thursday amid strengthening dollar, risk aversion in domestic, global markets. “The rupee is likely to open the day near the sticky levels of 77.60 and another narrow day is expected between 77.45 to 77.80,” experts said. The rupee had recovered from its record low against the US dollar in the previous session. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day’s trade. The local…

Agriculture is shining despite the scorching heat due to the halt in manufacturing

[ad_1] Agriculture and allied sector registered a decent 4.1% expansion in the March quarter and continued to be a bright spot in the GDP figures in the latest estimate released earlier this month, while intense heat reduced wheat yields and agriculture The ministry lowered the cotton crop forecast. , However, contraction in the manufacturing sector in the fourth quarter of FY22, though modest and on a favorable basis, does not bode well for the promise of a quick and sharp turnaround in private capital expenditure. Growth in the manufacturing sector,…

MCA Annual Filling Due Date MCA Detail

[ad_1] MCA has waived levy of additional fee for the third time for filing e-Form AOC-4, 4 (CFS), 4 (XBRL), 4 (Non-XBRL) up to 15/03/2022. Filing of e-Form MGT-7/7A by 31/03/2022 without payment of any additional fee for the financial year 2020-21, however, normal fee as applicable will be payable. Generally, companies are required to file their Annual Financial Statements and Annual Returns (e-Form MGT-7/7A) with ROC within 30/60 days from the date of AGM, as per the Companies Act, 2013 . Considering the extension of time limit for audit/tax…