As 2023 comes to a close, skywatchers in India are gearing up for a breathtaking celestial event – the Cold Moon, also known as the longest and final full moon of the year. Set to grace the night sky on December 26, the Cold Moon derives its name from Native American and European traditions, signifying […]
Oil prices fell in early trade on Tuesday, paring strong gains from the previous two sessions as markets remain cautious ahead of U.S. inflation figures for April which will be key to the Federal Reserve‘s next interest rate decision. Brent crude price was down 31 cents, or 0.4%, at $76.70 and U.S. West Texas Intermediate […]
By Rahul Shah Volatility is the name of the game; the Equity benchmark index posted its second week of declines after tensions on the Ukraine-Russia border and the prospects of higher U.S. interest rates led to volatile trading. BSE Sensex slipped 320 points or 0.6% to close at 57833 and Nifty 50 index declined 98 […]
Shares of InterGlobe Aviation fell close to 4.5% on Thursday as co-founder Rakesh Gangwal’s wife Shobha Gangwal offloaded a near-4% stake in the carrier via a block deal. According to exchange data, Shobha Gangwal sold 15.6 million shares in three tranches of 5,200,000 shares each, for Rs 1,885.72, Rs 1,889.19 and Rs 1,886.29 per share, […]
Oil prices slipped in Monday Asian morning trade as concerns about possible further U.S. interest rate hikes continue to rattle investors, though a recovery in Chinese demand and a weaker dollar provided some support. Brent crude futures fell 15 cents, or -0.18%, to $82.63 per barrel by 0132 GMT. West Texas Intermediate crude futures (WTI) […]
The government has cut windfall tax on locally produced crude oil and exports of aviation turbine fuel (ATF) and diesel. According to the government notification dated 16 January, windfall tax on crude has been reduced to Rs 1,900 per tonne from Rs 2,100 per tonne earlier. The government also cut export tax on ATF to […]
TCS and InfosyS both reported earnings with two common factors, though Infosys was a bigger surprise compared to TCS. These factors include a decline in demand from North America, with some discretionary programmes being put on hold or cancelled, as well as challenges in flexing margin levers due to sticky near-term costs at the start […]
A gauge of global stocks rallied and U.S. Treasury yields mostly fell on Thursday, as policy announcements from a string of central banks fueled optimism that interest rate hike cycles may be nearing an end.After the U.S. Federal Reserve raised rates by 25 basis points (bps), as was widely expected, on Wednesday, markets rallied following […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The domestic equity market ended in the green today after closing flat yesterday. BSE Sensex closed over 400 points higher at 62,533 while NSE Nifty settled 0.6% higher at 18,608. Bank Nifty hit a fresh record high intraday, gaining over 200 points to touch 43,983.80. […]
State Bank of India (SBI) on Wednesday said it will raise Rs 10,000 crore through fresh additional tier-1 (AT-1) bonds up to FY24. Also Read: SBI, ICICI Bank raise deposit rates sharply Earlier, the bank had raised Rs 10,000 crore through its first issue of infrastructure bonds. The bank will provide finance to infrastructure projects […]
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