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August 6, 2023 9:39 PM
Global crude oil prices rose for the sixth straight week, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns. It is the longest streak of weekly gains this year. Brent crude oil futures have risen 17 percent and WTI by 20per cent in the...
August 4, 2023 9:03 PM
The Centre has clarified that there is no ban on the import of IT Hardware like tablets and laptops as such devices can be imported after obtaining a valid license by companies or traders. Yesterday, the Directorate General of Foreign Trade, DGFT issued a notification regarding this, citing safety c...
August 3, 2023 5:14 PM
Oil slid further today after dropping sharply from more than three-month highs in the previous session. In intra-day trade, Brent crude was trading at 83 dollars per barrel. West Texas Intermediate crude price was at 79 dollars and 31 cents per barrel when reports last came in. ...
August 3, 2023 5:07 PM
In the forex market, the rupee closed at 82 rupees and 73 paise against the US dollar. The dollar index, which indicates the US currency's strength against a basket of six other leading currencies, was at 102.72 in intra-day trade. ...
August 3, 2023 4:58 PM
Asian stocks lost except China's Shanghai Composite which gained 0.6 percent. Japan's Nikkei-225 declined 1.7 percent, Singapore's Straits Times index fell 0.6 percent, Hong Kong's Hang Seng index lost 0.5 percent and South Korea's Kospi slipped 0.4 percent. Europea...
August 3, 2023 4:57 PM
US stocks slumped yesterday after Fitch's downgrade of the United States' sovereign credit rating. The Nasdaq Composite index plunged 2.2 percent, the S&P 500 tumbled 1.4 percent and the Dow Jones Industrial Average declined one percent....
August 3, 2023 4:50 PM
Gold prices today fell a meagre 40 rupees at Multi Commodity Exchange for August contracts. The precious metal was trading at 59,088 rupees per 10 gram. Silver declined 710 rupees to trade at 72,250 rupees per kilogram for September Contracts. In the global markets, gold was trading down at...
August 2, 2023 8:44 PM
Finance Minister Nirmala Sitharaman today said that 28 percent GST on casinos and online gaming will be levied on face value. Addressing media after the 51st GST Council Meeting in New Delhi, Ms Sitharaman said the 28 percent GST on online gaming and casinos is expected to be implemented from the 1s...
August 2, 2023 6:26 PM
The S&P 500 and Nasdaq closed weaker yesterday. The three major US indices traded in a narrow range, on the first day of seasonally slow August, ahead of U.S. jobs data and major companies' earnings reports later this week. The Dow Jones Industrial Average rose 0.2 percent while th...
August 2, 2023 2:05 PM
The National Mineral Development Corporation (NMDC) is paving the way towards becoming a 100 Million Tonnes (MT) mining company. Ministry of Steel said the Corporation has reported record-breaking production for the period up to the last month, and delivered record performances in Fiscal Year 2023-2...
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