By Jigar Trivedi MCX Gold October futures, having appreciated for four consecutive weeks, ended the previous week with a more than 2% drop. MCX Silver also declined by nearly 6% after Chinese economic data raised questions for the recovery in the region. Comex gold dropped to $1,749 an ounce, dropped by more than $50 or …
U.S. stock index futures fell on Friday after Federal Reserve officials said the central bank needs to keep raising interest rates to rein in inflation, while deliberating on how fast and how high to lift them. High-growth and technology stocks such as Amazon.com Inc and Alphabet Inc declined more than 1% in trading before the …
The Cabinet on Wednesday approved Nutrients Based Subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for the rabi season (October – March) 2023-24 at Rs 22,303 crore. This represents a 57% decline compared to previous year thanks to a fall in the global prices of the soil nutrients. In 2022-23, total NBS for both …
By Ashley Coutinho The profitability of listed mutual fund players came under pressure for the quarter ended June amid weak markets and a regulatory diktat that prevented fund houses from hitting the market with with offerings. The total AUM of open-ended equity funds as of June 30 stood at Rs 12.86 trillion, down by 5.9% …
Avalon Technologies has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise around Rs 1,025 crore through an initial public offering. The IPO will consist of a fresh issue of Rs 400 crore and an offer-for-sale (OFS) of up to Rs 625 crore by its existing …
L&T Finance has partnered with boAt to offer a free smartwatch to every customer who takes a two-wheeler loan from L&T Finance. As per the company, the partnership reflects boAt’s commitment to making wearable technology more accessible to Indian consumers, while also aligning with L&T Finance’s focus on providing a lifestyle upgrade to its customers. …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic stock markets witnessed a volatile trading session on Wednesday with headline indices dancing between gains and losses. At the end of the day, S&P BSE Sensex added 54 points or 0.9% to settle at 59,085 while the NSE Nifty 50 index jumped 27 points …
The oil ministry has ordered the diversion of natural gas from industries to the city gas distribution sector to cool CNG and piped cooking gas prices that have shot up by 70 per cent on the use of imported fuel. Less than three months after it ordered the use of costlier imported LNG to meet …
Sensex and Nifty opened in the green on Monday — the first trading session of the month — and after battling initial volatility remained comfortably in the control of bulls for the entire day. On closing, S&P BSE Sensex zoomed 545 points or 0.95% to end at 58,115, while the NSE Nifty 50 index settled …
Investment in the Indian capital markets through participatory notes declined to Rs 75,725 crore at the end of July, the lowest level in nearly two years, mainly in the wake of aggressive rate hikes by the US Fed. This also marks the third consecutive monthly decline in investment numbers. Also read: Stocks to buy: Kansai …