Rakesh Jhunjhunwala is an Indian billionaire to whom traders look up to for their investment options. A Chartered Accountant by profession, Jhunjhunwala runs his own asset management company. Widely known for his trading style, Jhunjhunwala’s insights are followed by people across the Indian subcontinent. Here we have listed some of[Read More…]
business
‘New rules for marine fuel sulfur limits to impact global oil prices’
Houston, International regulations limiting sulfur in fuels for ocean-going vessels will increase uncertainty for crude oil and petroleum product price formation in both the short and long term, the US Energy Information Administration (EIA) said. These rules, set to take effect in January 2020, apply across multiple countries’ jurisdictions to[Read More…]
Wall Street collapses, S&P 500 ends at lowest since April
New York, US stocks fell sharply on Friday as investors grew concerns over a possible slowdown of the global economy and a slew of corporate news. The Dow Jones Industrial Average was down 496.87 points, or 2.02 percent, to 24,100.51. The S&P 500 decreased 50.59 points, or 1.91 percent, to[Read More…]
Sensex ends flat on weak global cues, RBI board meet
Mumbai: The key Indian equity indices closed flat after trading in a narrow range on Friday tracking weakness in Asian and European markets over concerns of a slowdown in global growth. Caution in the domestic markets also prevailed as the outcome of Reserve Bank of India (RBI) board meeting was[Read More…]
Sensex, Nifty flat, financial stocks in red
Mumbai, Sensex and Nifty traded flat during the afternoon session on Friday, tracking negative Asian markets. Markets were subdued as investors took to booking profit following healthy gains made by domestic bourses in the last three sessions, which saw gains of over 900 points. Finance stocks, the index pivotal, traded[Read More…]
Sensex, Nifty opens in green: Banking stocks down
Mumbai: The Sensex and Nifty on Friday opened with slight gains. However, minutes into the trading key indices slipped in the red tracking its global peers. The financial stocks witnessed selling pressure while telecom, IT and realty counters gained. On the domestic front, the Reserve Bank of India’s (RBI) board[Read More…]
Witnessing double-digit growth in India for past 3 years: Oracle
By Krishna SinhaChaudhury New Delhi: Cloud major Oracle, which is seeing high demand in the Banking, Financial Services and Insurance (BFSI), telecom and manufacturing sectors in India, has witnessed double-digit growth in the country for the past three years, a top company executive has said. Start-ups and small and medium[Read More…]
Falling oil, gas output a concern; gas trading hub soon: Pradhan
New Delhi: India’s falling oil and gas production is a matter of concern which the government has sought to address by initiating various reforms in the sector, Petroleum Minister Dharmendra Pradhan said on Tuesday. Addressing the global advisory firm KPMG’s “Enrich” energy summit here, Pradhan also said that as part[Read More…]
Shaktikanta Das appointed new RBI governor
Shaktikanta Das has been appointed new Reserve Bank of India (RBI) governor for three years term. Das is a retired 1980 batch IAS officer of Tamil Nadu cadre. He has served as the Economic Affairs Secretary of India from August 2016 to May 2017. He currently is a member of[Read More…]
Sensex ends 190 points up amid volatility
Mumbai: Short-covering, along with supportive global cues and chances of Bharatiya Janata Party (BJP) retaining power in Madhya Pradesh buoyed the Indian stock exchanges on Tuesday after a volatile trade session, with the S&P BSE Sensex closing 190 points higher. Initially, both the key indices — S&P BSE Sensex and[Read More…]
