OPEC+ removes US govt data, to stick to policy of raising output gradually

OPEC+ removes US govt data, to stick to policy of raising output gradually

OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government’s Energy Information Administration from the sources used to monitor its production and adherence to supply pacts. OPEC+ and Donald Trump clashed repeatedly during his first administration in 2016-2020 when the U.S. President demanded it … Read more

United Spirits Q3 Results: Net profit down 4% at Rs 335 crore

United Spirits Q3 Results: Net profit down 4% at Rs 335 crore

United Spirits Ltd on Thursday reported a 4.3 per cent decline in consolidated net profit at Rs 335 crore in the December quarter, impacted by higher expenses and severance costs related to a closed unit. The company had posted a consolidated net profit of Rs 350 crore in the corresponding quarter last fiscal, United Spirits … Read more

Pidilite Industries Q3 Results: Profit rises 9% to Rs 557 crore, revenue up 8%

Pidilite Industries Q3 Results: Profit rises 9% to Rs 557 crore, revenue up 8%

Leading adhesives and construction chemicals maker Pidilite Industries on Wednesday reported consolidated net profit of Rs 557 crore for the October-December quarter, a 9% increase over the same quarter last year, the company said in a filing to the exchange. Revenue from operations for the third quarter stood at Rs 3,368.91 crore, up about 8% … Read more

Gold trades flat at Rs 82,000 per 10gm; silver slides Rs 500 on weak demand

Gold trades flat at Rs 82,000 per 10gm; silver slides Rs 500 on weak demand

Gold prices remained flat at Rs 82,000 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. Traders waited for US President-elect Donald Trump’s inaugural address later on Monday before placing any directional bets, marketmen said. On Friday, the precious metal surged Rs 700 to settle near a record … Read more

Gold prices bounce back by Rs 700 to Rs 79,400 per 10 gm; silver climbs Rs 1,300

Gold prices bounce back by Rs 700 to Rs 79,400 per 10 gm; silver climbs Rs 1,300

Gold prices rose by Rs 700 to Rs 79,400 per 10 grams in the national capital on Friday due to fresh buying by local jewellers and a firm overseas trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 78,700 per 10 grams on Thursday. Silver … Read more

C2C Advanced Systems IPO gets 116x subscription despite bid withdrawal option after Sebi scrutiny

C2C Advanced Systems IPO gets 116x subscription despite bid withdrawal option after Sebi scrutiny

There is no dearth of demand for C2C Advanced Systems IPO despite being in troubled waters following a Sebi directive that delayed its listing of shares. The issue, which closed for subscription today, was subscribed by a whopping 116 times. The IPO received bids for 36.56 crore shares as against 31 lakh shares on offer. … Read more

Earnings weakness signals no near-term market breakout, warns Madanagopal Ramu

Earnings weakness signals no near-term market breakout, warns Madanagopal Ramu

“So, you should be prepared for some disappointments going ahead as well. So, that will keep the market in a tight band. If you look at the overall index level, I do not think you can see a breakout in the near term,” says Madanagopal Ramu, Head Equities & Fund Manager, Sundaram Alternates. Well, overall, … Read more

Jagan should sign declaration before entering Tirumala temple, demand political, spiritual leaders

Jagan should sign declaration before entering Tirumala temple, demand political, spiritual leaders

TTD former Chairman and ex-MLA Bhumana Karunakar Reddy addressing the media in Tirupati on Friday. MP M. Gurumoorthy, Mayor R. Sireesha Yadav and former Deputy Mayor B. Abhinay Reddy are seen. | Photo Credit: SPECIAL ARRANGEMENT Leaders of various political parties and spiritual organisations demanded that YSRCP president and former Chief Minister Y.S. Jagan Mohan … Read more

Dhangars demand ST status, hold protest rally

Dhangars demand ST status, hold protest rally

The Dhangar community in Maharashtra on Monday staged a ‘rasta roko’ demanding that the State government issue a Government Resolution (GR) for their inclusion in the Scheduled Tribes (ST) category. The six community leaders, sitting on an indefinite hunger strike for the past 15 days, have also demanded that the GR should mention that there … Read more