Oil extended losses ahead of key inflation data as the biggest US bank collapse since 2008 continued to ripple through financial markets. West Texas Intermediate traded below $75 a barrel after closing 2.5% lower on Monday following a volatile session. Investors will be watching the consumer price index read due later Tuesday for clues on […]
IT services major Wipro is expected to clock a net profit rise of as much as 15.2 per cent on-year during the fourth quarter ended March 31, 2023, even as few other analysts estimated that profit for the quarter would fall by around 4.9 per cent. According to analysts and brokerage firms, Wipro is expected […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading lower on Wednesday amid mixed global cues, while the silver rate is down 0.19%. On Multi Commodity Exchange, gold February futures were trading at Rs 54,753 per 10 grams, down Rs 117 or 0.21%. Silver March futures were trading up by Rs […]
Indian stock markets are embarking on a shorter settlement cycle or T+1 regime for the final list of large stocks from Friday, a move that will help reduce margin requirements for clients and boost retail investment. T+1 (trade plus one) means that market trade-related settlements will need to be cleared within one day of the […]
Mankind Pharma IPO opened for subscription on 25 April and the issue has been fully subscribed at 2.13 times on day 3, with total bids of 5.98 crore shares for the 2.8 crore shares offered. Qualified institutional buyers (QIBs) subscribed for 573% of their reserved portion, demonstrating high interest in the issue. The portion for […]
2023 seems to be the year when artificial intelligence (AI) applications started receiving the mainstream touch. Starting from chatbots all the way to Generative AI, it is believed to be the year when talks around the technology have increased amongst global authorities. Information supplied in the annual global survey by McKinsey & Company, a management […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices remain unchanged on 3 January 2023 (Tuesday), keeping costs 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 […]
Benchmark indices BSE Sensex and NSE Nifty trimmed the morning’s gains to trade in the red. Sensex lost 136 points, at 59,470 while Nifty 50 was down by 0.28% at 17,462. The broader markets largely were in red, but a few small-cap indices traded flat. Sectorally, Nifty Metal tanked 2.81% while Nifty Media gained 0.5%. […]
Roller Flour Millers Federation of India (RFMFI) on Thursday hailed the government’s decision to sell 30 lakh tonnes of wheat in the open market and said the move will lead to a reduction in wheat and wheat flour (atta) prices by Rs 5-6 per kg. The Centre on Wednesday announced the sale of 30 lakh […]
Oil prices were little changed on Friday after a meeting between Saudi Arabia and Russia calmed markets, but crude benchmarks were still headed for a second weekly fall after a banking crisis sparked a sell-off in global financial markets this week. Brent crude futures edged up 2 cents to $74.72 a barrel by 0133 GMT, […]
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