The geopolitical risks of the ongoing war between Hamas forces and Israel’s army engulfing the region have escalated with attacks on shipping vessels since November 19 by Yemeni Houthi forces in the Red Sea, the route to and from the Suez Canal which is the quickest way for goods to transit between Asia and Europe. […]
No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses. The carrier had a net profit of Rs 23.28 crore in the year-ago period. In the third quarter of the current fiscal, the airline’s net […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Friday, 17 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at […]
NSE Nifty 50 may hit a new record high in this new financial year, surpassing the previous all-time high of 18,604.45, says Sanjiv Bhasin, Director, IIFL Securities. In today’s session, Nifty 50 surpassed 18,100 level, first time after 19 January 2022. In the previous fiscal, the 50-share index offered 19 per cent returns to the […]
Reliance Industries Ltd (RIL) and Walt Disney signed a non-binding term sheet in London last week to move ahead with plans to create India’s largest media and entertainment business, said people with knowledge of the matter. The 51:49 stock-and-cash merger in favour of the Mukesh Ambani-led group is expected to get finalised with a view […]
Equity investors became richer by over Rs 10.43 lakh crore in the past five days, as markets continued their winning momentum helped by foreign fund inflows and stable global trends. The market capitalisation of BSE-listed firms have surged Rs 10,43,216.79 crore to Rs 2,62,37,776.13 crore in the last five trading sessions (March 29-April 6). This […]
Early this year an affiliate of global private equity firm Bain Capital sold its stake in logistics company J M Baxi Ports & Logistics to a German shipping and container transportation company, Hapag-Lloyd. Bain made a over 60% IRR (internal rate of return) in the transaction. Bain Capital is keen to invest more in logistics […]
The country’s imports of Crude oil rose by 52.58 per cent to USD 146.57 billion during April-November period this fiscal, according to the data of the commerce ministry. Coal and coke imports have increased by 97.66 per cent to USD 37.25 billion during April-November period this fiscal, the data showed. The other products which recorded […]
Domestic benchmark equity indices opened flat on Thursday, ie, weekly F&O expiry. The BSE Sensex fell 141.16 pts or 0.23% to 60,206.93 and NSE Nifty 50 dipped 37.90 pts or 0.21% to 17,716.50. Bank Nifty plunged 77.20 pts 0.19% to 41,499.90. The top gainers on Nifty 50 were Apollo Hospital (up 2.42%), Tata Steel (up […]
Asia stocks posted gains on Tuesday, boosted by investor optimism that the region’s central banks will continue to pause or end interest rate hike cycles, whatever action the U.S. Federal Reserve takes. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6% as trading resumed after a long holiday weekend in many major Asian markets. […]
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