Stringent classification of Russia-origin fuels could create difficulties for Indian exporters. (AI image) Russia oil sanctions impact: Indian exporters will likely face challenges from the European Unin’s decision to sanction oil supply with Russia as its source of origin. The European Union‘s ban on Russian crude-derived fuels, set to take effect from January 21 next…
Short-term investors are leaning towards ICICI Bank in the private banking space, thanks to its solid June quarter results. With strong profit growth and steady margins, ICICI is currently edging out rival HDFC Bank in investor preference.HDFC Bank is currently dealing with various post-merger issues, notably an elevated credit-deposit (CD) ratio, which has affected investor…
Sovereign Gold Bonds or SGBs are government-backed securities measured in grams of gold. (AI image) Soverign Gold Bond redemption: The Reserve Bank of India (RBI) has announced the early redemption value for Sovereign Gold Bonds (SGB) 2018-19 Series-V. Investors can opt for early redemption only after holding the bonds for five years from the issue…
The Chinese government is taking steps to rein in what it calls “involution,” or excessive competition that is hurting local companies and fueling the country’s deflationary spiral. Source link
In the Indian market, Apple’s primary suppliers include Foxconn and Tata Electronics. (AI image) China’s rare earth metal export curbs may soon begin hitting production of Apple AirPods in India. China has stepped up restrictions on exports of rare earths and various industry sectors have raised the alarm on the possible impact of the unavailability…
The group behind Taylor Swift and Lady Gaga submitted a confidential proposal with the Securities and Exchange Commission. Source link
Market observers anticipate sideways movement, with attention on quarterly results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 went above 25,100, BSE Sensex was up over 150 points. At 9:26 AM, Nifty50 was trading at 25,123.10, up 32 points or 0.13%. BSE…
Dr. Patrick Soon-Shiong did not share details about the planned offering. The newspaper has not been profitable under him, and his job cuts have angered staff. Source link
Asian markets hovered near a four-year high on Tuesday, supported by Wall Street’s record close and optimism around upcoming corporate earnings. Investors also tracked global trade developments, especially US tariff talks with key partners, Reuters reported.Japanese markets reopened after a holiday, reacting calmly to weekend election results where the ruling coalition lost in the upper…
MUMBAI: SBI said that its Rs 25,000-crore qualified institutional placement was subscribed 4.5 times with two-thirds bids (64.3%) coming from global investors, who were allotted one-third of the issue. Domestic investors, led by LIC, got two-thirds. LIC’s stake in SBI has risen by 28 percentage points to 9.21% after the QIP, indicating it invested Rs…
