Gold prices held firm on Wednesday as a dip in equity markets boosted some demand for the safe-haven metal while investors await the end of the US central bank’s meeting for its remarks on state of the economy and clues on future measures. FUNDAMENTALSSpot gold was up 0.1% at $1,715.94 per ounce by 1257 GMT. […] More
CNBC’s Jim Cramer warned new investors Tuesday about the serious risk of buying the stock of companies that filed for bankruptcy such as Hertz. “You may think a stock like Hertz or Chesapeake looks like a steal at these levels, but the only people being robbed here are you the buyers,” the “Mad Money” host said, […] More
NEW DELHI : Leading food company Parle Products logged record sales of its Parle-G biscuits, preferred for mass consumption, in April and May during the lockdown, said a senior company official. The company has gained a market share of around 5 per cent in the highly competitive biscuit segment, helped by Parle-G biscuits, which was […] More
The partition of our ancestral property took place between my father and his brothers in the year 1980 with the mutual understanding of the brothers. I want to know if the property in the hands of my father after partition is considered as ancestral or self-acquired. One and a half kanal land is registered in […] More
Emerging-market stocks may be recovering, but cash-rich investors would be better off avoiding the risks that still abound in developing nations. Barclays Plc is telling its high net-worth clients in emerging markets to invest in U.S. equities instead, despite the S&P 500’s breakneck rally. Countries from India to Brazil and Russia have become the epicenter […] More
New Delhi: After French energy major Total SA, more foreign investors have shown interest in partnering Adani group in its renewable energy business, its chairman Gautam Adani said on Tuesday. In April, Total invested around Rs 3,707 crore for 50 per cent partnership with Adani Green Energy for a joint venture that will house 2.148 […] More
A store stands closed near Wall Street as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City. Spencer Platt | Getty Images One result of the coronavirus pandemic could be as many as 25,000 store closures announced by retailers this year, as the crisis takes a toll on many […] More
BENGALURU : Enterprise payments solution provider Innoviti Payment Solutions Pvt. Ltd. has raised Series C funding led by Netherlands-based FMO: Entrepreneurial Development Bank, Netherlands and US-based venture capital firm Bessemer Venture Partners, USA. The funds raised will be used for crafting new consumer-centric solutions for new market segments, while building distribution models that can support […] More
MUMBAI : Even as majority of brokers, trading members are trading from home as partial lockdown continues National Stock Exchange of India ltd (NSE) decided to shut its technology solution NSE NOW, which connected brokers to its trading platform for free on Monday. ODIN, 63 Moons technologies Ltd’s (former FTIL) flagship offering targeted at brokers […] More
Hero MotoCorp on Tuesday posted 15 per cent year-on-year (YoY) drop in net profit at Rs 620.71 crore for the quarter ended March 31. It had reported a net profit of Rs 730.32 crore in the corresponding quarter last year. Analysts in an ETNow poll had projected a net profit of Rs 520 crore. Revenue […] More
Maria Van Kerkhove, head of the World Health Organization’s emerging diseases and zoonosis unit, speaks during a press conference following an emergency committee meeting over the new coronavirus in Geneva on Jan. 22, 2020. Pierre Albouy | AFP | Getty Images The World Health Organization walked back comments made Monday when one of its top […] More
NEW DELHI : InterGlobe Aviation Limited controlled IndiGo operated six special international charter flights since the beginning of June to repatriate more than 1000 stranded Indian nationals in countries like UAE, Oman and Maldives, the airline said in a statement on Tuesday. “The IndiGo flight 6E 9092 from Male to Delhi transferred a total of […] More
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