Gold and silver prices rose for the sixth straight session on the back of escalating tensions in Ukraine-Russia, which have boosted safe-haven demand for precious metals. The rise in gold prices can bring some relief to traders after falling continuously last week. “Friday’s US economic news was supportive for bullion after the University of Michigan
The verdict of the state assembly elections are out. Both Maharashtra and Jharkhand saw the existing Governments being voted back to power and most importantly, BJP’s seat count has increased to 132 in Maharashtra compared to just a tad above 100 in 2019. All of this ties-in well with the positive global cues coming and
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher start on Monday as Asian markets were trading on a higher note in early trade hours. While, the US markets closed Friday’s session on a record-high note. Previously, on Friday, the NSE Nifty 50 closed 557 points or
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded lacklustre as the index was trading 254.50 points or 1.06% higher at 23,293 indicating a higher start for
State-owned Coal India has set a target of producing 915 million tonnes of coal in 2025-26, the company’s chairman and managing director P M Prasad told Arunima Bharadwaj in an interview. Additionally, the company plans to come out with the draft red herriing prospectus (DRHP) for the listing of its two of its subsidiaries —
By Mahesh Patil Globally, the size of the textile trading industry is estimated at $800 billion, with India’s export contribution being around $35 billion. Recently, the government of India announced a road map for the industry to reach $100 bn by 2030, implying a 19% CAGR over the next six years. This would not only
One of the two drivers of Reliance Industries Ltd’s recent underperformance – weak refining margin – has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing
The primary market is set to remain vibrant in December, with at least 10 companies planning to raise a combined Rs 20,000 crore through initial public offerings (IPOs), according to merchant bankers. Major players, including Vishal Mega Mart, which is set to launch an Rs 8,000 crore IPO, and Blackstone-backed International Gemmological Institute (India)
Brokerages expect Reliance Industries (RIL) to report flattish year-on-year (YoY) growth in earnings and Ebida for the October-December quarter, with only single-digit sequential growth. Morgan Stanley anticipates a 4% quarter-on-quarter (QoQ) rise in earnings and Ebitda, but a relatively flat performance on a YoY basis. The brokerage attributes this to the impact of telecom tariff
The controversy surrounding long work hours has recently gained momentum with statements from business leaders such as SN Subrahmanyan, Chairman and Managing Director of Larsen & Toubro Ltd, advocating for a 90-hour workweek. In contrast, ITC Ltd Chairman Sanjiv Puri has offered a different perspective, emphasising that alignment with the company’s vision and passion for
Zepto, another rapidly growing quick commerce platform, is gearing up to make its entry on the Indian stock market with an upcoming IPO. This recent development comes after a series of approvals and decisions, paying way for the company to transition back to India from Singapore. Here are the key details surrounding this development: Strategic
By Brijesh Bhatia The “Year of the Snake” is a term derived from the Chinese zodiac, which plays a significant role in the lives of many individuals, especially in East Asia. And as we will learn today, it also appears to have some corelation, if not causation, with how stock markets behave across the world.
Budget 2025: Finance Minister Nirmala Sitharaman is expected to present the second full-fledged budget of the Modi 3.0 government on February 1. Among various sectors and groups, taxpayers have also sought some relief from the government, considering that they have not seen any major changes as far as tax structures and slabs are concerned. Among
