Oil minister hints against hike in fuel prices
“OMCs have capacity to absorb high crude costs” State-run oil marketing companies (OMCs) have the capacity to absorb the global crude price shocks as they have made large profits (in
Commodities
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Commodities
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Retail onion price up 57 pc; Centre steps up buffer onion sale to provide relief to consumers
According to the ministry, onion is being offloaded from the buffer stock in both wholesale and retail markets in states where there is a sharp rise in prices As all-India
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Govt hikes allocation of wheat under open market sale scheme
As per the new bidding norms, the maximum quantity a bidder can purchase under OMSS weekly e-auction has been increased to 200 tonnes from 100 tonnes. The government has decided
Economy
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Plan almost ready for $30 trn economy by 2047: NITI CEO
The vision document will outline the institutional and structural changes/reforms that will be needed for the country to become a developed nation by 2047. India will aim to become a
Economy
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Services sector activity in India hits 7-month low in Oct on softer increase in output, new business: PMI
The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 58.4 in October, from a 13-year high of 61 in September, signalling the slowest rate of expansion
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Stock Market
Tata Motors bets on strong H2, should you buy, sell, hold stock?
Stock price of Tata Motors has gained 3.22% in the last five days, 5.11% in the last one month, 35% in the last six years and a whopping 65.17% year
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Stock Market
Corporate bond issuances slow down amid high interest rates, volatility
Experts say that it is primarily because of volatility in yields and rising interest cost that has made corporate wary of the bond market. Indian Inc raised as much as
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Stock Market
Tata Steel Q2 loss at 6196 crore; should you buy, sell or hold stock?
Tata Steel’s stock price dropped 3% in the last five days and 8.59% in the last one month, while surged 6% in the last six months and over 15% in
Commodities
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Oil falls for second week as Mideast worries ease, China demand seems fragile
Brent crude futures rose 29 cents, or 0.3%, to $87.14 a barrel by 0505 GMT, while U.S. West Texas Intermediate crude futures gained 36 cents, or 0.4%, to $82.82 a
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Gold rates pause at $2000 as uncertainty looms over Fed rate hike
Yellow metal might consolidate or correct from here on and it will need some strong bullish news for it to break above $2000. By Bhavik Patel Gold market is in a bit