Daily Stock Market News Snippets- 25 August 2022

1 min read

Markets – Global & India

  • The US Markets were up by around 0.18% to 0.41%
  • The Brent Crude Oil price is currently at $102 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.29% and US 10-Year G-Sec Yield is at 3.11%.
  • Rupee at 79.80 per dollar.

Global Economy:

  • Oil prices jump nearly 4% on Tuesday on OPEC+ supply tightening fears
  • Russia mulls up to 30% oil discounts for some Asian buyers: Report
  • Financial Markets are bracing for what could be ‘very hawkish’: Jackson Hole speech by Fed Powell

Indian Economy:

  • Government planning PLI Scheme for toys, lab-made gems, bicycles
  • Centre plans $500 mn sops for developing niche batteries
  • 80% of SMEs anticipate an increase in the domestic order book in Q3

Company Update:

  • Incentivize alternative technology for small cars: Maruti Suzuki Chairman
  • Minority shareholders gain focus amid Adani-NDTV ownership battle
  • Parliamentary panels call IRCTC for a briefing on citizens’ data security, privacy
  • NBFCs sharpen Gold Loan focus
  • Adani Green’s 2,021% debt-equity ratio is second-worst in Asia: Report
  • Tata Neu, HDFC Bank partner to launch two co-branded credit card variants
  • Government considers selling at least 51% of state-backed IDBI Bank
  • RBI lifts restrictions on American Express onboarding new customers
  • RIL AGM: Ambani unlikely to give any timeline for Jio IPO

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