By Dharmesh Shah Equity benchmarks extended their losing streak over the fourth consecutive week amid escalating geopolitical concerns that led to spike in crude oil prices. The Nifty settled the truncated week at 16245, down 2.5%. The broader market indices relatively outperformed as Nifty midcap and small cap lost 1.6% and 0.4%, respectively. Sectorally, Metal, […]
The Union Cabinet is likely to soon consider imposing caps or a ceiling on price for majority of natural gas produced in the country to keep input costs for users ranging from CNG to fertilizer companies in check, sources said. The government bi-annually fixes prices of locally produced natural gas — which is converted into […]
SBI Card (SBIC) reported 3% q-o-q dip in PAT in Q3FY23 primarily on account of lower NIMs (subdued revolver mix and higher cost of funds), lower instance-based fees (removal of over-limit (OVL) fees) and higher cost to income (higher acquisitions and more corporate spends) partially offset by lower credit cost. Earnings are expected to improve […]
U.S. stock futures bounced as buybacks and earnings beats boosted tech giants in after-hours trade, although Asian shares wallowed at one-month lows on Wednesday, with investors turning nervous on the outlook for the world’s two biggest economies. Nasdaq futures were up 1.4% and S&P 500 futures up 0.5% following better-than-expected profits at Microsoft and a […]
Two companies — Tata Play, formerly known as Tata Sky, and drone maker ideaForge Technology — have received capital markets regulator Sebi‘s approval to raise funds through initial public offerings (IPOs). Tata Play, the first company in India to use the confidential pre-filing of draft papers option for an initial share sale in December 2022, […]
In response to recent attacks in the Arabian Sea, and to maintain a deterrent presence, the Indian Navy has deployed Guided Missile Destroyers, INS Mormugao, INS Kochi and INS Kolkata. And, long-range maritime reconnaissance P8I aircraft are being regularly tasked to maintain domain awareness. According to the Indian Navy, in close coordination with Coast Guard […]
Oil prices were steady on Thursday after U.S. crude stocks climbed less than expected, while investors awaited further clarity on supply drivers, including an OPEC+ meeting and the looming EU ban on Russian refined products. Brent crude futures dipped 4 cents, or 0.1%, to $86.08 per barrel by 0400 GMT, while U.S. West Texas Intermediate […]
The euro was on track for its biggest one-day drop since September as German inflation eased in December, while the dollar rose to a two-week high with focus turning to the Federal Reserve’s minutes from the December meeting. The euro was last down around 1.3% against the dollar at $1.0526, its lowest level since Dec. […]
World stocks were stuck near one-month lows and government bond markets came under fresh selling pressure on Friday, a day after a slew of central banks jacked up interest rates and signalled that the fight to tame inflation was not over yet. Interest rates went up in the euro area, Britain, Switzerland, Denmark, Norway, Mexico […]
Indian Overseas Congress chairman Sam Pitroda said he is worried about the path that India takes in the future in view of too much importance being accorded to religion. The Congress leader’s remarks came in reference to the preparations for the consecration of the Ram Temple in Ayodhya on January 22. Prime Minister Narendra Modi […]
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