Top 10 Penny Stocks Gainers Today - September 6, 2022

Nomura expects India's current account deficit (CAD) as a share of the gross domestic product to triple this fiscal year. As per the brokerage house the global economic slowdown will further skew the country's trade imbalances. According to the recent note, Nomura expects India's CAD to rise to 3.5% of GDP in the current fiscal year from 1.2% last year. The research house had previously forecasted the share to be 3.3% of GDP. Further, the slight decline in India's trade deficit to USD 28.7 billion in August from a record USD 30 billion in the previous month offers little relief. Also, the pace of growth of both imports and exports has moderated, though the slowdown is more pronounced in exports.

Suzlon Group, India’s largest renewable energy solutions provider, recently announced a new order win for the development of a 180.6 MW wind power project for Sembcorp’s renewables subsidiary Green Infra Wind Energy Limited. The company will install 86 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located in Kanakagiribad, Bagalkot, Karnataka, and is expected to be commissioned in 2024. This order is part of the bid won under the SECI tranche XI auctions by Sembcorp, which has operations spread across seven states in India.

RateGain Travel Technologies, a global provider of SaaS solutions for travel and hospitality, has announced that Jazeera Airlines, the second-largest carrier and leading low-cost carrier of Kuwait, has selected RateGain’s AirGain product to dynamically adjust prices with real-time, accurate, and high-quality airfare data.