Onion price touches Rs 100 a kilogram in Kolkata
Kolkata, Nov 2 (SocialNews.XYZ) Onion prices touched Rs 100 a kilogram in a number of retail markets in Kolkata on Thursday. While the minimum price of onions in the retail markets in Kolkata is Rs…
Market
Tata Steel plunges into Rs 6,511 cr loss in July-Sep quarter
New Delhi, Nov 2 (SocialNews.XYZ) Tata Steel reported a consolidated net loss of Rs 6,511 crore in the second quarter of 2023-24 as the company was hit by impairment charges and shrinking margins in its…
Wheels India Q2 net skids, scales down capex
Chennai, Nov 1 (SocialNews.XYZ) Closing the second quarter of FY24 with a 64 per cent fall in its net profit, automotive wheels major Wheels India Ltd has scaled down its capex for the year, said…
Nifty declines for second day as PMI data spells caution
New Delhi, Nov 1 (SocialNews.XYZ) Nifty declined on Wednesday for the second consecutive session. At close, Nifty was down 0.46 per cent or 87.7 points at 18,991.9, says Deepak Jasani, Head of Retail Research, HDFC…
US Fed most likely to hold rates
New Delhi, Nov 1 (SocialNews.XYZ) The US Fed is more likely to hold rates at this meeting, but the message from the Fed chief Powell will be hawkish since the economy is surprisingly resilient with…
Another quarter of weak growth for IT companies
New Delhi, Nov 1 (SocialNews.XYZ) Q2 proved to be another quarter of anaemic top line growth for IT services companies, JM Financial Institutional Securities said in a note. Underlying trends were broadly similar to 1Q….
Equity markets impacted more by spike in US bond yields than Israel-Hamas conflict
New Delhi, Nov 1 (SocialNews.XYZ) With the ground war in Gaza intensifying, uncertainty surrounding the West Asian crisis is at its peak. It’s not known how and when this war will end and what the…
After tomatoes, onion prices hit the sky in UP
Lucknow, Nov 1 (SocialNews.XYZ) After tomatoes, it is now onions that are burning a hole in the pockets of consumers in the festive season. The prices of onions in the retail market have doubled in…
Dissent by institutional shareholders comes down
New Delhi, Oct 31 (SocialNews.XYZ) Shareholder resolutions in Nifty-50 companies where more than 20 per cent of institutional shareholders expressed their dissent by casting a negative vote decreased by 30 per cent to 44 in…
AEML to supply power to Mumbai SEEPZ at low prices from Nov 1
Mumbai, Oct 31 (SocialNews.XYZ) The Adani Electricity Mumbai Ltd (AEML) has won a bid to supply power at competitive prices to the SEZ, Santacruz Electronic Export Processing Zone (SEEPZ) in Mumbai, starting November1, officials said…
Gujarat Finance Minister to spearhead Vibrant Gujarat roadshow in Chennai
Ahmedabad, Oct 31 (SocialNews.XYZ) Gujarat Finance Minister Kanu Desai will lead a roadshow in Chennai on November 2. The event is part of a series of promotional roadshows for the 10th edition of the Vibrant…
Nifty declined by 2.8% in October
New Delhi, Oct 31 (SocialNews.XYZ) For October 2023, Nifty declined by 2.8 per cent, impacted by Israel-Hamas conflict, rising crude oil prices and spike in US bond yields, said Siddhartha Khemka, Head – Retail Research,…
Nifty encountering resistance at higher levels
New Delhi, Oct 31 (SocialNews.XYZ) Indian bourses started the last day of October at a critical zone of 19,200-19,250 and in the morning trade itself, the index erased all its gains to remain rangebound, Aditya…
Working smart is important, not 70 hours: Tamara Leisure CEO Shruti Shibulal
Chennai, Oct 31 (SocialNews.XYZ) Hospitality major Tamara Leisure Experiences Private Ltd owning and running hotels, resorts in India and Germany is looking at expansion through management contracts, said Shruti Shibulal, Director and Chief Executive Officer,…
GAIL posts 70% increase in q1 net profit at 2,405 crore
New Delhi: Government-owned natural gas giant GAIL (India) on Tuesday reported a 70 per cent jump in net profit to Rs 2,405 crore for the July-Sept quarter of the current financial compared to the RS…
Public shareholders of Butterfly Gandhimathi vote against merger with Crompton Greaves Consumer Electricals
New Delhi, Oct 31 (SocialNews.XYZ) Further to the voting results on the merger of Crompton Greaves Consumer Electricals Ltd (Crompton) and Butterfly Gandhimathi Appliances Ltd (Butterfly), both the entities will continue to operate as separate…
Indian Oil net profit shoots up to Rs 12,967 crore in q2
New Delhi, Oct 31 (SocialNews.XYZ) Indian Oil Corporation posted a net profit of Rs 12,967.3 crore for the July-September quarter of the current financial year compared to a loss of Rs 272 crore in the…
Global gold demand plunges, India bucks trend with double digit growth
New Delhi, Oct 31 (SocialNews.XYZ) The global demand for gold fell by 6 per cent to 1,147.5 tonnes during the third quarter of 2023 amid slowing demand for bars and coins and reduced buying from…
Markets climbing wall of worry
New Delhi, Oct 31 (SocialNews.XYZ) Buy on dips is the strategy that has worked well in this highly volatile market. In spite of multiple crises, risks and uncertainties, the market has been bouncing back smartly…
El Al to stop flying over Saudi Arabia, Oman on flights to Asia
Tel Aviv, Oct 30 (SocialNews.XYZ) According to several Hebrew media reports, Israeli flag carrier El Al has decided to stop flying over Saudi Arabia and Oman on its flights to Southeast Asia, significantly lengthening their…