The country’s petroleum sector contributed Rs 3.41 trillion to the exchequer in the first half of the current financial year, down 4.6% on year, according to the latest data released by the Petroleum Planning and Analysis Cell. Of this, the sector contributed Rs 1.85 trillion to the centre and Rs 1.56 lakh crore to the […]
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Imran Khan’s supporters clash with police, protests break out – See photosImran Khan’s supporters clash with police, protests break out – See photos
1/7 Former Pakistan Prime Minister Imran Khan faces a court-ordered arrest by police in the eastern city of Lahore on Wednesday amid clashes between his supporters and law enforcement personnel. (Reuters photo) 2/7 Khan is accused of unlawfully selling state gifts while in power from 2018 to 2022, but he denies wrongdoing. (Reuters photo) 3/7 […]
New marvel from ‘God’s Own Country’! Kochi Water Metro begins commercial operations: In picsNew marvel from ‘God’s Own Country’! Kochi Water Metro begins commercial operations: In pics
1/6 The ambitious Kochi Water Metro service of the Kerala government commenced its commercial operations on Wednesday. First in the country, and launched by Prime Minister Narendra Modi on Tuesday, it will connect 10 islands using 78 electric boats and 38 terminals. The much talked about project is set up at a cost of Rs […]
Rupee recovers 6 paise to settle at 82.74 against US dollarRupee recovers 6 paise to settle at 82.74 against US dollar
The rupee recovered 6 paise to settle at 82.74 (provisional) against the US currency on Wednesday following weakness in the US dollar in global markets. FII inflows into the capital market and firm equity markets supported the local unit while gains in crude oil prices restricted the rupee upside, according to analysts. The rupee finally […]
Crude rallies on expectations of tightening supply, demand to rise; consolidation likely after correctionCrude rallies on expectations of tightening supply, demand to rise; consolidation likely after correction
By Bhavik Patel Crude oil market has woken to the fact that there will be supply tightness in the second half of the year and demand destruction from recession fears have completely been proven wrong. This has propelled the recent rally in crude where it has jumped from $67 to $85 in the matter of […]
Dovish Fed, China’s stimulus plans lift benchmark indicesDovish Fed, China’s stimulus plans lift benchmark indices
Indian markets made a strong comeback on Tuesday, following the rally in global markets after US dollar and treasury yields dipped on the back of dovish comments by Federal Reserve, a day after Israel-Gaza conflict resulted in panic selling that wiped out about 3.68 trillion of investor wealth. S&P BSE Sensex climbed about 567 points, […]
RIL stock outlook: Analysts bet on company’s new age technologies focusRIL stock outlook: Analysts bet on company’s new age technologies focus
RIL stock is trading lower though the company reiterated aggressive growth plans across various business verticals and unveiled plans on new energy front at the AGM on August 28. While the street seemed disappointed about the absence of clear timelines regarding the telecom and retail IPOs, RIL plans to setup a battery giga factory by […]
India diesel exports to Singapore set for highs in Aug, drop for EuropeIndia diesel exports to Singapore set for highs in Aug, drop for Europe
India’s diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted by cheaper freight costs and low inventories in the Asian oil hub, traders and analysts said. The country’s exports of the fuel for August to Europe, on the other hand, are poised to fall to […]
Stocks To Watch: ACC, Nykaa, HDFC AMC, TVS Motor, PNB, Adani Enterprises, LTIMindtree, NTPC, Bata IndiaStocks To Watch: ACC, Nykaa, HDFC AMC, TVS Motor, PNB, Adani Enterprises, LTIMindtree, NTPC, Bata India
Stocks in focus: The GIFT Nifty was 0.34% lower during Friday’s early trading session at 19,317, indicating an opening in the red for domestic indices NSE Nifty 50 and BSE Sensex. On Thursday, domestic benchmarks NSE Nifty 50 and BSE Sensex ended in negative territory. The Sensex closed down by 0.6% at 65,151.02, while the […]
Fund managers shrug off soaring valuationsFund managers shrug off soaring valuations
Supported by strong economy and a universe of fast-growing companies, India is now the most expensive market among its peers. While the Nifty trades at a price to earnings (P/E) multiple of around 21 times on estimated current earnings, South Korea trades at 14.75 times, China (11.3 times), Malaysia (14.55 times) and Taiwan at 18.1 […]