Sugar company shares were under pressure for the second day in a row, tumbling up to 9% on the BSE in Wednesday’s trade after the government announced export limits on sugar on Tuesday. Sugar exports will be regulated by the government, with a limit of 10 MT for the current sugar season. Sugar mills have …
In April, India’s power consumption reached an all-time high of 132.98 billion units, owing to the country’s rising mercury levels. The country’s electricity demand is likely to grow to 220 gigawatts in the next two months, according to India’s power ministry, as the meteorological department predicts above-normal maximum temperatures in the west-central, north-west, north, and …
Oil prices jumped at the start of Asian trading on Wednesday, despite fears about slowing demand from top importer China, after industry reports revealed drawdowns in U.S. crude and fuel stockpiles, heightening supply concerns and offsetting concerns about slowing demand from China. By 0223 GMT, Brent crude futures had risen 89 cents, or 0.9 percent, …
After the stock of Gautam Adani-led edible oil giant Adani Wilmar (AWL) achieved a record high of Rs 802.80 on the BSE in Tuesday’s trade, it joined the select group of companies with a market capitalization (m-cap) of Rs 1 trillion. According to BSE data, at 10:40 a.m., AWL was ranked 50th with a market …
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation. Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas Intermediate dropped $5.65, or 5.22%, to settle at …
Shares of Zomato plunged to Rs 82.15 on the BSE in Tuesday’s intra-day trade on the back of heavy volume following reports that the Competition Commission (CCI) on Monday ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged unfair business practices with respect to their dealings with restaurant partners. The stock of the …
Shares of BSE Ltd hit a record high of Rs 2,848.40 after they rallied 8.7 percent on the National Stock Exchange (NSE) in Friday’s intra-day trade. At 10:08 am, the stock traded 6.5 percent higher at Rs 2,789 against a 0.5 percent gain on the Nifty50 index. In the past 10 trading sessions, the stock …
Amazoncom Inc. .is planning to split its stock for the first time in more than two decades in a move that will end an era of four-digit stock prices for the biggest U.S. technology companies. Amazon intends to boost its outstanding shares by a 20-to-1 ratio, under a plan disclosed late Wednesday, joining other technology giants like …
Shares of city gas distribution (CGD) companies, Indraprastha Gas (IGL) and Mahanagar Gas (MGL), rallied up to 10 percent in the intra-day trade on Tuesday amid reports of IGL announcing a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region. The prices have been hiked by 50 paise per kilo in Delhi while Re 1 per kilo in …
The benchmark indices rebounded on Tuesday, recouping all of previous day’s losses, on reports of de-escalation of tensions between Russia and Ukraine. The news came as much-needed relief to equity markets which were rattled after a massive mobilisation of the Russian army around Ukrainian borders led to fears of an invasion and a standoff between the US and Russia. The …
