Prices of copper and most other base metals continued to recover from multi-month lows on Wednesday as strong U.S. corporate earnings and an easing of gas supply fears in Europe boosted risk appetite and global stock markets. A weaker U.S. dollar in recent days has also helped metals, which are priced …
Copper rises from multi-month lows as upbeat sentiment lifts base metal Read More »
Mumbai: The recent announcement by the Reserve Bank of India (RBI) to allow cross border trade transactions in rupee is a timely move and a step towards internationalisation of the currency, according to experts. Earlier this month, RBI had asked banks to put in place additional arrangements for invoicing, payment, and settlement of exports/ imports …
RBI’s rupee trade settlement a step towards internationalisation of rupee: Experts Read More »
New Delhi: Jul 20 (PTI) Tyre maker CEAT on Wednesday reported a 61 per cent decline in its consolidated net profit at Rs 9 crore for the June quarter as high raw material prices impacted business. The Mumbai-headquartered company had posted a net profit of Rs 23 crore in the corresponding period of last year. …
CEAT Q1 Results: Net profit declines 61% to Rs 9 crore Read More »
Diversified conglomerate ITC Limited on Wednesday said that the company will continue to deliver robust growth despite key concerns such as inflation. Speaking at the company’s AGM virtually, CMD of ITC Sanjiv Puri said that in the FMCG space, the firm has nurtured 25 brands and the newer ones will garner an annual consumer spend …
US stocks fluctuated in early trading as investors parsed through the latest corporate results while growing concern that Europe may lose access to Russian gas added to recession fears. The Dow Jones Industrial Average dipped 92 points, or 0.29%. The S&P 500 was little changed, while the tech-heavy Nasdaq 100 posted modest gains. Netflix rose …
US stocks waver as investors brace for more earnings Read More »
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By Arundhati Sarkar (Reuters) – Gold slipped on Wednesday as gains in the dollar and reduced recession fears on expectations of Russian gas supplies to Europe resuming soon dented safe-haven bullion’s appeal. Spot gold was down 0.2% at $1,708.09 per ounce by 1126 GMT in rangebound trading. U.S. gold futures …
Gold eases as dollar gains, recession fears ebb; silver rises 0.2% Read More »
NEW DELHI: The Nifty Pharma index closed on a positive note on Wednesday. Shares of Cipla(up 2.17 per cent), Lupin(up 2.13 per cent), Strides Pharma Science(up 1.68 per cent), Natco Pharma(up 1.01 per cent) and Alembic Pharmaceuticals(up 1.0 per cent) ended the day as top gainers in the pack. On the other hand, Alkem Laboratories(down …
Stock market update: Nifty Pharma index advances 0.23% Read More »
The world’s electricity demand growth is slowing sharply from its strong recovery the previous year as economic growth weakens and energy prices soar following Russia’s invasion of Ukraine, International Energy Agency’s (IEA) Electricity Market Report said on Wednesday. Global electricity demand is expected to grow by 2.4 per cent in 2022 …
World’s electricity demand growth slowing sharply as prices soar: IEA Read More »
The Indian stock market’s key indices rallied by around one-and-a-half per cent on Wednesday led by strong buying support in IT, banking and energy stocks on positive cues from the global equities and cut in windfall tax on fuel exports. BSE Sensex advanced 629.91 points to settle at 55,397.53. On similar lines, the broader NSE …
Sensex gains 630 pts, Nifty ends above 16,500; IT stocks, RIL, ONGC rally Read More »
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