Daily Stock Market News Snippets- 25 August 2022

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