Tutorials

India has exported 16.92 lakh tonnes of sugar till January 4 of the ongoing 2022-23 marketing year, including 59,596 tonnes of the sweetener to neighboring China, trade body AISTA said on Tuesday. Among other neighboring nations, India has exported 1.47 lakh tonnes of sugar to Bangladesh, and 82,462 tonnes to Sri Lanka during October-January 4 of the current marketing year, All India Sugar Trade Association (AISTA) said in a statement. The sugar marketing year runs Read More

Rakesh Jhunjhunwala, who passed away last year, was one of the most successful investors in the country. Jhunjhunwala, known as the Big Bull, was an optimist who believed that ‘the best (of the market) is yet to come’. The billionaire investor also called ‘Warren Buffett of India’ set an exemplary example of how to create wealth from stock markets. He began his investment journey with Rs 5,000 and left $5.8 billion (about Rs 47,000 crore) Read More

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, and Hyderabad: The oil prices in the country have not changed on 31 December 2022 and costs have been steady for about seven months now. The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per liter and Rs 6 per liter on diesel. In Mumbai, petrol costs Rs Read More

Mamaearth parent company Honasa Consumer’s proposed Rs 2,900 crore IPO has raised valuation concerns among investors and market experts. Honasa has filed DRHP with SEBI for an IPO with a fresh issue of Rs 400 crore, and an offer-for-sale (OFS) of 46.8 million shares, reportedly totaling up to Rs 2,900 crore. The company was valued at $1.2 billion in January 2022 when it raised $52 million in a funding round led by Sequoia. One year Read More

The Indian rupee appreciated 9 paise to 82.69 against the US dollar in early trade as crude oil prices retreated from their elevated levels. Sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the local unit opened at 82.69 against the dollar, registering a rise of 9 paise over its previous close. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six Read More