The markets traded in a relatively narrower range through the week with a clear negative bias and ended lower. After opening near the higher end of the range, Nifty attempted an early push toward 26,009 but failed to sustain the move and gradually drifted lower. Selling pressure intensified toward the latter half, dragging the index […]
Hindustan Unilever Ltd. more than doubled its bottomline in the third quarter of the ongoing fiscal due to a one-off gain from demerger of its ice-cream business housed under Kwality Wall’s. Hindustan Unilever’s share price fell as much as 4.55% after the quarterly results were declared. (Reuters) Consolidated net profit of India’s largest FMCG firm […]
The global crypto market has lost nearly $1.9 trillion in value since hitting a peak of $4.379 trillion in early October, based on data from CoinGecko, with some $800 billion wiped out in the last month alone. | Photo Credit: Dado Ruvic Bitcoin tumbled through the key $70,000 level on Thursday as a slide in […]
Corn futures are holding onto 1 to 2 cent gains at midday. The CmdtyView national average Cash Corn price is up 1 1/4 cents at $3.95 1/2. USDA reported a private export sale of 130,480 MT of corn to unknown destinations this morning. Weekly data will be out on Thursday, with traders looking for between 0.8-2.1 […]
Stocks dropped and precious metals deepened their losses on Monday, underscoring the fragile sentiment in markets after a choppy end to the week on Wall Street. The yen weakened. Asian shares fell 0.5% and Nasdaq 100 Index futures tumbled as much as 1%. The dollar strengthened against most of its Group-of-10 peers, especially against the […]
Asian equities edged lower as tariff concerns resurfaced after President Donald Trump threatened to raise levies on South Korean goods. The yen held its gains. The Kospi Index, one of the world’s best-performing benchmarks this year, fell 0.9%, while the South Korean won weakened after four days of gains. Japanese shares fell for a second […]
NEW DELHI: A sustained low in international oil prices has led to a surge in profits for state-run fuel retailers, prompting the government to consider mopping up these windfall gains through a levy to build a cushion in the event of a future spike in crude prices—a scenario many see as plausible given global geopolitical uncertainty. Refiners […]
Net profit of Reliance Industries Ltd. barely grew in the fiscal third quarter as weak oil & gas revenue offset gains in the telecom and retail businesses. Reliance Indusries Chairman Mukesh Ambani. (PTI) Net profit of India’s largest company by market capitalisation rose 0.56% YoY to ₹18,645 crore on revenue that increased 10.51% YoY to […]