Sharp fall in prices hit gold ETF inflows in March
After the steady rally in recent times, the sudden fall in precious metal prices made investors trim down their investment in gold and silver exchange traded funds. Inflows into gold ETFs fell by 56 per cent to ₹2,266 crore against the record inflow of ₹5,255 crore logged in February as the sudden fall in prices […]
BSE gets SEBI nod to launch derivative contracts on BSE Focused IT Index
BSE on Thursday said it has received approval from market regulator Securities and Exchange Board of India to launch derivative contracts on the “BSE Focused IT Index”. The index measures the performance of the 14 companies belonging to the ‘Information Technology’ sector. Details regarding the launch and contract specifications will be notified, the exchange said. […]
Stock Market Live April 9: Markets slide after rebound; Sensex drops 950 pts, Nifty below 23,800
ACME Solar: Company reports that its arm has successfully achieved a capacity of 96 MW out of a planned 100 MW at its Gujarat unit. (Positive) Innovosion: Company has secured a Rs. 99 crore work order from NHAI for toll collection and facility maintenance. (Positive) RITES: Company has secured ₹39.16 Crore Contract Value Increase for […]
NSE to launch Brent Crude futures based on Platts benchmark
NSE will launch the contracts on April 13 | Photo Credit: FRANCIS MASCARENHAS The National Stock Exchange of India has entered into a strategic collaboration with S&P Global Energy to introduce exchange-traded derivatives based on its Platts physical spot market benchmarks. Having received SEBI approval, NSE will initially launch Dated Brent Crude Oil (Platts) futures […]
Saudi Arabia hikes Arab Light May OSP for Asia to record $19.50/bbl
Saudi Arabia has set the official selling price of May Arab Light crude oil to Asia at a record $19.50 a barrel above the Oman/Dubai average, an increase of $17 from the previous month, a pricing document reviewed by Reuters showed on Monday. The sharp jump comes at a time when Middle East oil has […]
Nuclear Power Corporation’s IPO expected this year
The Initial Public Offering of the public sector Nuclear Power Corporation of India Ltd (NPCIL), which has been in the offing for over 15 years, is expected to happen this year. The Department of Atomic Energy told a Parliamentary committee recently that Budget 2026-27 slashed equity support to NPCIL to ₹100 crore from ₹3,042 crore last […]
Five EU countries call for windfall tax on energy companies amid Iran war
EU says it is considering targeted crisis measures. | Photo Credit: YVES HERMAN Five European Union countries are calling for a windfall tax on energy companies’ profits in reaction to rising fuel prices due to the Iran war, according to a letter from finance ministers to the EU Commission seen by Reuters on Saturday. The […]
Govt says fuel supplies sufficient despite war disruption, avoid panic buying
All refineries are operating at high capacity with adequate crude inventories, and petrol pumps across the country remain fully stocked, the oil ministry said. | Photo Credit: SHIVA SHARMA The government on Saturday urged citizens to avoid panic buying of petrol, diesel and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure […]
Iranian Oil cargo to India diverts to China amid payment dispute
An Aframax tanker loaded with around 600,000 barrels of Iranian crude oil from Kharg Island, which was on its way to Vadinar (Gujarat), has now changed course and is headed to China. This would have been the first Iranian crude cargo delivered to India, after May 2019. Amidst the West Asia conflict and subsequent oil […]
Oil prices surge while Asian share prices rise moderately
Oil prices continued to surge on worries of a prolonged Iran war, but the Asian markets that were open Friday rose moderately in cautious trading, while others were closed for the Good Friday holidays. Benchmark US crude rose 11.4 per cent to $111.54 a barrel. The price of Brent crude, the international standard, jumped 7.8 […]