Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
India’s largest cigarette maker ITC Ltd. wiped out nearly $7 billion (~ ₹63,000 crore) in market capitalisation after the government’s cigarette “tax shock” stoked concerns on profitability. ITC is India’s largest cigarette maker, deriving more than 40% revenue from the product. (Reuters) ITC’s share price fell as much as 5.11% to ₹345.35—the lowest since February […]
Gold prices slid below $4,000 an ounce, extending losses from the worst rout in over a decade as progress on a US-China trade deal sapped haven demand. $3,500 an ounce is a level that “would be healthy for the gold market, because it still would be a ridiculously high price”. (Reuters) The spot gold prices […]
Gold prices fell, after posting its first weekly drop since mid-August, as the progress on a US-China trade deal sapped safe-haven demand. A blistering bullion rally that propelled gold prices to a record high of $4,380 an ounce last week has since gone into reverse on signs the metal had become overbought. (Bloomberg) Spot gold […]
