Oil prices were nearly flat on Wednesday as signs of tighter U.S. supplies countered economic data that dampened the outlook for energy demand. Brent crude futures edged higher 2 cents…
Dhaka’s nod likely for Indian firm’s Bt cotton
With Bangladesh likely to approve commercial cultivation of genetically modified (GM) Bt cotton varieties sourced from an Indian company soon, seed manufacturers in the country have urged for regulatory approval…
China Removes Defence Minister General Li Shangfu amid Alleged Corruption Charges
In a significant development, China has removed Defence Minister General Li Shangfu from his position. General Li had been absent from public view since August, and his removal marks the…
Finolex Industries’ capacity expansion in the pipeline
Ajit Venkataraman, MD, Finolex Industries, said the company has several projects in the pipeline for capacity expansion, which will be in the pipes and fittings segment. The company is working…
India Inc’s early birds have sent a worrying signal on second quarter revenue growth
The Q2FY24 results from India Inc’s early birds suggest that while some sectors are chugging along nicely, there are quite a few pockets of pain. One clear takeaway is that…
JP Morgan bullish on LIC, sees 29% rally despite steep fall since listing; says D-Street mispricing stock
Markets are mispricing the LIC stock, international research firm JP Morgan said in a report, after the counter witnessed a steep fall since listing. The brokerage firm initiated coverage on…
MCX gold prices jump on 5% import duty hike; investors wait for gold to breach Rs 52000 before going long
By Bhavik Patel Gold yesterday saw significant movement intraday where it jumped from $1802 to $1842 when PCE price index, favourite inflation gauge for US Fed came at higher levels…
Alibaba and Tencent stocks plunge after latest fines
Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, a day after Chinese regulators fined their subsidiaries for not disclosing transactions and failing to comply with anti-monopoly…
Petrol and Diesel Price Today 22 June 2022 remain steady; Check rates in Delhi, Mumbai, Gurugram, other cities
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The prices of petrol and diesel continue to remain unchanged on Wednesday as OMCs kept prices steady for the…
Oil & Gas: Govt decision deals sector a blow
We reckon the Rs 6/6/13 per litre export tax levied on petrol/ATF/diesel shall shave off $6.3/bbl GRM, or EPS upside of Rs 2.5/month for RIL under the base case—“exports of…