Corporate earnings continued to remain healthy in 4QFY22 and instilled a ray of hope, amid the grim situation plagued by various disruptions. Earnings for 4QFY22 were in line with MOFSL expectations, despite the global and domestic economic environments grappling with challenges like geopolitical conflict, a surge in energy prices, raw material inflation, chip shortage, monetary … Read more
NEW DELHI: Markets remained volatile last week but managed to end marginally higher, taking comfort from global indices. The beginning was downbeat but the mood changed in the final sessions, thanks to a sharp recovery in the US indices. Consequently, the benchmark indices, both Nifty and Sensex, erased their losses and ended higher to close … Read more
The bulls made a strong comeback this past week, with the benchmark indices recouping all the losses it made in the first three sessions to end the week on a strong note, thanks to an improvement in global sentiment and F&O related activity. Banking and auto stocks gained while metals and oil & gas stocks … Read more
Nifty futures on the Singapore Exchange traded 181 points, or 1.03 per cent lower at 17,425, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade: ONGC, Divi’s Labs, Apollo Hospitals: Oil and Natural Gas Corporation, Divis Laboratories, Apollo Hospitals, … Read more
Nifty futures on the Singapore Exchange traded 31.50 points, or 0.18 per cent, higher at 17,735.50, signaling that Dalal Street was headed for a positive start on Monday. Here are a few stocks which may buzz the most in today’s trade: Paytm: The company, which got listed on domestic bourses last week, said its gross … Read more
Oil prices have been firming up recently with Brent at $84 a barrel — near its three-year high — led by a rebound in global demand that has contributed to energy shortages across various big countries such as China. While rising oil is bad news for India — a net importer of crude — some … Read more
Mumbai: Who are the clear winners — and relative stragglers — of the global commodities supercycle? Metals, mining, oil & gas companies should gain, but higher output prices of these industries will have a negative impact on user industries — auto, real estate, consumer staples, and durables. Global commodity prices have surged in 2021, with … Read more
Kidnapped employee Ritul Saikia was released by ULFA(I) militants on Saturday morning in Myanmar near its border with India’s Nagaland, police said. Saikia, kidnapped on April 21, was released near the border in Longwa village of Mon district in Nagaland after 31 days, a top official at Assam Police headquarters told PTI. He was released … Read more
Synopsis ONGC plans to move all its human resources, finance and accounts, material management and infocom employees, currently scattered all over the country, to one location, Shanker said, adding that these functions are “better equipped for remote and teleworking” New Delhi: ONGC is working on “reinventing” itself by reorganising its people, functions and resources with … Read more