India’s target to raise the share of gas in its energy mix to 15% by 2030 from around 6.4% now seems improbable, as demand will continue to outstrip domestic supply while inadequate evacuation infrastructure could prevent large-scale imports that would be required to realise the lofty goal, analysts said. Far from going up, India’s net …
Reliance Industries share price fell more than half a per cent intraday Monday dragging Nifty, Sensex deep in red, down around 1 per cent in Morning trade. Initially, RIL share price rose 0.26 per cent despite S&P BSE Sensex falling more than 400 points or 0.50% to give up 59,250; and NSE Nifty 50 index declining …
IT stocks sold off for the fourth straight session on Tuesday owing to investor concerns that margins of software firms could continue to stay under pressure as wage and retention costs rise and expenses on travel and facilities also increase. Moreover, there are apprehensions that business from top geographies could slow. The BSE IT index …
Sensex and Nifty have soared 14% from June lows as Foreign Institutional Investors (FII) returned to Dalal Street and inflation seemed to be cooling down. On Tuesday, Sensex and Nifty were dancing between gains and losses as bulls and bears engaged in a tug-of-war after the recent run-up. It may be prudent to stick with …
Indus Towers share price continued downward movement on Thursday after the company announced weak earnings for the quarter ended June on Tuesday. Consolidated net profit tanked 66% on-year to Rs 477 crore in the quarter as topline grew merely 1% to Rs 6,897 crore and operating profit shrank 34 to Rs 2,322 crore. In the …
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading in red on Tuesday, even as yellow metal hit a one-month high globally. On Multi Commodity Exchange, gold October futures were down Rs 96 or 0.2 per cent at Rs 51,530 per 10 gram. Silver September futures fell Rs 256 …
Mahāsa Ghar, a lifestyle collective, officially unveiled its 3D Lifestyle Storefront, to offer users a shopping experience that harmonises ethicality, heritage, and conscious living. Its website is now live. The platform offers a collection of fashion, beauty, room, bath, and body essentials. The Mahāsa Ghar website is driven by 3D and AR technologies enabling an …
The Indian Rupee is expected to depreciate on Thursday amid a rise in crude oil prices. Further, investors will keep an eye on macroeconomic data from the US to get a clear view on the US dollar index. “US$INR (August) is likely to trade in a range of 79.50-79.70,” said ICICIDirect. In the previous session, …
Positivity is setting in for YES Bank with the proposed equity capital raise of Rs 89 bn ($1.1 bn) from Carlyle and Advent International, with each investor potentially acquiring up to 10.0% stake in YES Bank. The capital will be raised through a combination of Rs 51 bn ($640 mn) in equity shares and Rs …