Fuel prices were unchanged on Thursday even as international crude oil rates declined sharply. Petrol and diesel rates have not been changed by state-run oil marketing companies (OMCs) for 19 days. Global crude oil prices fell for the third day in a row to a two-week low on Wednesday after a surprise increase in US…
Indian shares fell on Thursday after two straight days of strong gains, as banking shares retreated, while troubled Indian telecom operator Vodafone Idea tumbled 15% after its non-executive chairman stepped down. By 9:18 am, the blue-chip NSE Nifty 50 index was mostly unchanged at 16,270 and the benchmark S&P BSE…
HIGHLIGHTS Gold futures is trading at Rs 47,847 per 10 grams on the MCX. Silver maturing on September 3 stands at Rs 67,488 per kg. On the global market, spot gold fell 0.1 per cent to $1,809.96 per ounce. After trading on the higher side for a day, both gold and silver prices have recorded a dip on the Multi Commodity…
Shares of Vodafone Idea fell sharply for the third consecutive day as trouble mounts for the debt-laden telecom firm. At 10 am, Vodafone Idea (VI) stock was down over 23 per cent at Rs 4.62 per share on the Bombay Stock Exchange. Vodafone Idea shares lost significant value over the past three trading sessions and its…
Indian shares closed higher on Wednesday, led by financial and banking stocks, while State Bank of India surged to an all-time high after the country’s largest lender by assets reported a record quarterly profit. The NSE Nifty 50 index ended 0.79% higher at 16,258.80 and the benchmark S&P BSE Sensex rose 1%…
The startup culture in India has gained significant momentum and more investors are willing to put their money in new ventures. While the idea behind a new business venture is important, there are several other aspects that investors examine before they decide to fund a startup. Here are some key points that startups…
Jet Airways has started looking for experienced pilots as the airline’s new promoters have already started work to resume operations. The airline was given operational clearance for a resolution plan that was accepted by the National Company Law Tribunal (NCLT) in June. On Twitter, the airline shared the job posting…
India’s largest public lender State Bank of India (SBI) on Wednesday reported a 55 per cent rise in its net profit at Rs 6,504 crore on a year-on-year (YoY) basis. The net profit in the corresponding quarter last year was Rs 4,189 crore. The public lender’s net interest income (NII) also gained by nearly 4 per cent…
HIGHLIGHTS Gold is trading at Rs 47,920 per 10 grams on the MCX. Silver is at Rs 68,000 per kg, recording a marginal hike of Rs 212. Gold prices have edged higher on the international market. On August 4, 2021, both gold and silver prices jumped on the Multi Commodity Exchange (MCX). Gold futures maturing on October 5…
Cryptocurrency prices remained mixed on Wednesday a day after the virtual currency market witnessed consolidation due to profit-booking by investors. Bitcoin, the world’s most popular cryptocurrency, struggled to find support after yesterday’s profit booking. The virtual coin was trading at just over $38,000 at…