By Ravindra Rao Akshaya Tritiya is a day when new ventures are started and it is considered auspicious to buy gold. In the one year since the same day last year, gold in the domestic market has risen more than 7%. Akshaya Tritiya will fall on May 3 this year and the key question in […]
Senior Congress leader and former Maharashtra minister Sunil Kedar has been disqualified from the state legislative assembly following his conviction by a court for misappropriation of funds at the Nagpur District Central Cooperative Bank (NDCCB). A gazette order of the state legislature secretariat issued on Saturday said Kedar stands disqualified as MLA from the date […]
British petrochemical billionaire Sir Jim Ratcliffe is set to acquire a 25% stake in one of most premier English Football Clubs – Manchester United. The deal was confirmed by Manchester United and Ratcliffe-controlled INEOS, a London-based multinational conglomerate on Sunday. As per the agreement, Ratcliffe has splurged over £1bn to acquire 25% of the club […]
Gold witnessed a strong rally at the end of 2022 and continued to trade higher at the start of 2023. We are looking at gold breaking $2000 this year. In near term, we would see correction take place as it’s rare that gold takes off without a correction. Many of the participants who had missed […]
The Securities and Exchange Board of India (Sebi) has started asking for details of senior managing officials (SMOs) of foreign portfolio investors (FPIs) on a look-through basis for fresh registrations, a move that could hit such registrations in the country. The regulator is keen on knowing the SMOs of the parent entity of the investor […]
Indian benchmark indices are likely to open in green on Friday, hinted SGX Nifty. On the Singapore Exchange, Nifty futures traded 84 pts or 0.47% higher at 18,038 level. In the previous session, BSE Sensex tanked 774 pts or 1.2% to 60,205, while the NSE Nifty 50 plunged 226 pts or 1.2% to 17,891. “Indications […]
By Stephen S Roach, I have been in the forecasting business for more than 50 years. Over that period, I have heard the constant refrain that the world is in the midst of “unprecedented changes.” This popular trope frequently resulted in equally hyperbolic corollaries: breathless claims that we have never faced greater risks or such […]
Oil prices steadied in early Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact of higher prices on the global economy. Brent crude futures fell 2 cents to $84.91 a barrel by 0029 GMT. U.S. West Texas Intermediate […]
Oil prices edged higher on Tuesday as market participants weighed supply cuts from OPEC+ that would tighten the global market against concerns about further interest rate hikes potentially hurting demand. Investors were awaiting a slate of reports on inflation, oil demand and supply due this week that could give the market direction. Brent crude rose […]
The government sold its maiden tranche of green bonds worth Rs 8,000 crore ($1 billion) on Wednesday. The yields on these bonds are below that of comparable bonds, meaning they were sold at a premium. The Reserve Bank of India (RBI) auctioned Rs 4,000 crore of five-year bonds at a coupon rate of 7.1%, five […]
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