Oil prices rose more than 2 percent on Wednesday after Reuters reported that OPEC+ may delay oil production increases scheduled to be implemented in December by a month or more due to concerns about low oil demand and rising supplies.Brent crude futures rose $1.41, or 2 percent, to $72.53 a barrel by 1236 GMT. US…
Shares of low-cost carrier SpiceJet Ltd rose over 3% on October 28 after it announced 32 new flights for the winter schedule starting October 27 to expand domestic and international connectivity.“With 30 of these flights operating in the domestic sector and 2 connecting Delhi to Phuket with a daily non-stop service, SpiceJet aims to enhance…
According to MCX data, spot gold prices fell 0.48% to ₹77,622.00 per 10 gram around 10 am on Monday, October 28, 2024. This has happened after prices have been steadily rising for most parts of the year. Meanwhile, gold futures prices for December 05, 2024 on MCX fell 0.42% or ₹332 to ₹78,200. Meanwhile, gold…
Shares of Larsen & Toubro (also known as L&T) had a weak opening on October 25. It fell 2 per cent to Rs 3,378 after UBS downgraded the stock to ‘neutral’ and cut its target price in view of several challenges in the upcoming quarters.The brokerage has highlighted an upside potential of 16 per cent…
New Delhi, Oct 24 (PTI) Crude oil prices on Thursday rose by Rs 68 to Rs 6,044 per barrel in futures trade as participants widened their bets following strong spot demand.On the Multi Commodity Exchange, crude oil for November delivery expansion by Rs 68, or 1.14 per cent, to Rs 6,044 per barrel in a…
Shares of public sector company NMDC or National Mineral Development Corporation witnessed a surge on October 23 after the company announced a hike in the price of its lump ore and fines, which was the second price hike by the company in October.NMDC has raised the price of lump ore by Rs 600 to Rs…
The price of onion in retail markets is currently between Rs 60-80 per kg and is expected to remain high till Diwali. The surge in onion prices is mainly due to heavy rains in major onion producing states like Maharashtra, Karnataka, Telangana and Andhra Pradesh, which have damaged crops and disrupted supplies.As a result, prices…
Shares of Ola Electric Mobility made a strong debut on the stock market and rose 4 per cent to Rs 85.3 on October 22. This after the company announced that it has resolved about 99.1 percent of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA).In a document filed with the stock exchange,…
France-based car parts supplier Forvia said on Monday it had struck new deals with BYD and Xiaomi, sending its shares up 10%, Reuters reported.Forvia hopes its new contracts with Chinese manufacturers will help it meet waning auto demand from domestic manufacturers, Newswire reported. It has also struck deals with Chinese auto makers Li Auto and…
Kotak Mahindra Bank is scheduled to announce its second quarter results on Saturday (October 19). Analysts expect key financial parameters to grow compared to last year.They expect the bank’s net interest income (NII) to reach ₹6,996.9 crore, representing a growth of 11.1% from ₹6,296.6 crore.Profit after tax (PAT) is estimated at ₹3,513 crore, showing a…
