The impact of the conflict in West Asia could well be felt in markets across the world. Dalal Street was no exception. In India, Nifty opened gap down and remained in negative territory throughout the session. It finally ended down 0.7%, around 19500 and the Sensex shut shop at 65,512, down nearly 500 points. The […]
Month: October 2023
Oil prices rise on concerns over tightening supplyOil prices rise on concerns over tightening supply
Oil prices rose in early trade on Wednesday, hovering near 10-month highs hit the previous day, as a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output reinforced fears of tight crude supply for the rest of 2023. Global benchmark Brent crude futures climbed 6 cents, or 0.1%, to $94.40 a barrel by […]
Happy New Year 2024 X 16! Why ISS astronauts celebrated New Year’s more than once in space?Happy New Year 2024 X 16! Why ISS astronauts celebrated New Year’s more than once in space?
It is the beginning of 2024, which means, Earth has completed another revolution. While we celebrated the occasion, the International Space Station (ISS) astronauts witnessed the New Year’s sun 16 times in twenty-four hours. NASA underscores this celestial dance, stating, “In 24 hours, the space station makes 16 orbits of Earth, traveling through 16 sunrises […]
Rs 200 LPG price cut on oil cos, govt unlikely to give subsidyRs 200 LPG price cut on oil cos, govt unlikely to give subsidy
Bumper earnings in the first five months of the current fiscal and international benchmark coming off its highs will help state-owned oil companies absorb the Rs 200 per cylinder cut in cooking gas LPG prices, sources said indicating there may be no government compensation for that.On Tuesday, the government announced a Rs 200 per cylinder […]
Edible oil imports may rise to 17 MT in 2022-23: IndustryEdible oil imports may rise to 17 MT in 2022-23: Industry
India’s import of edible oils – palm, soybean and sunflower is projected at a record 17 million tonne (MT) in the current oil year (November 2022-October 2023), trade body Solvent Extractors Association of India (SEA) said on Friday. Last year, exports amounted to 14 MT. The volume of cooking oil imports is expected to be […]
The Future of Insurance: Embracing Technology to Meet Customers’ NeedsThe Future of Insurance: Embracing Technology to Meet Customers’ Needs
By TM Shyamsunder The insurance industry is one of the oldest industries in the world, but it has been slow to adopt new technologies. However, the emergence of artificial intelligence (AI) has presented an opportunity for insurers to revolutionize the way they operate. AI has the potential to improve risk assessment, streamline processes, reduce costs, […]
Nasik onion mandis shut for second dayNasik onion mandis shut for second day
Mandis in Nasik district of Maharashtra, the hub of the country’s wholesale onion trade, remained closed for the second day in a row on Thursday as traders remained on an “indefinite strike” demanding removal of export duty, reduction in mandi fees and stopping of agencies such as Nafed and National Cooperative Consumers’ Federation of India […]
FPIs outflow in equities crosses Rs 10,000 cr mark in September on rising US interest ratesFPIs outflow in equities crosses Rs 10,000 cr mark in September on rising US interest rates
Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in […]
Aeroflex Industries IPO to open on August 22Aeroflex Industries IPO to open on August 22
The initial share-sale of stainless steel flexible hose manufacturer Aeroflex Industries Ltd will open for public subscription on August 22. The initial public offering will conclude on August 24 and the bidding for anchor investors will open on August 21, according to the red herring prospectus (RHP). At present, promoter and promoter group members own […]
Crude oil ends lower after seven weeks of positive undertone; might see further technical correctionsCrude oil ends lower after seven weeks of positive undertone; might see further technical corrections
By Jigar Trivedi WTI crude futures steadied above $80 per barrel on Friday but were still set to finish the week lower, as China’s weakening economy and fears of further US interest rate hikes outweighed signs of tightening global supplies. The US oil benchmark is down nearly 4% so far this week, on track to […]