Oil prices saw a modest increase in early trading on Tuesday. A barrel (159 liters) of North Sea Brent crude for June delivery was priced at $87.36 in the morning, marking a rise of 36 cents from the previous day. Meanwhile, the price for a barrel of West Texas Intermediate (WTI) from the US climbed … Read more
Unilever’s announcement is part of a growth action plan that includes cutting about 7,500 jobs worldwide and saving around 869 million USD. The hygiene and food giant Unilever announced on Tuesday that it is spinning off its ice cream business, which includes the popular U.S. brand Ben & Jerry’s, as well as Magnum and Cornetto. … Read more
The frenetic activity of Bitcoin is steering it towards its most significant monthly gain in over three years, putting it on the verge of reaching a historic high, amid investor interest in exchange-traded funds (ETFs) of the digital currency. The largest cryptocurrency by market capitalization was stable on Thursday morning in Asian markets, at $61,100, … Read more
Hyundai Motor is reportedly considering an initial public offering (IPO) for its Indian unit, aiming to raise at least $3 billion. While the IPO plan for Hyundai Motor India is still in the early stages and not finalized, it could potentially become India’s most substantial stock market offering, with a valuation ranging from $25 billion … Read more
In the December quarter of 2023, Apple reported a revenue of $69.7 billion for its iPhone sales, marking a 6% increase compared to the same period the previous year. The tech giant achieved all-time revenue records in various countries and regions, including Latin America, Western Europe, the Middle East, Korea, India, and Indonesia. Luca Maestri, … Read more
Bhutan has emerged as the primary beneficiary of grants and loans from the Indian government, securing ₹6,541.79 crore during the fiscal year 2023-24. Following the presentation of the interim budget for 2024 by Union Finance Minister Nirmala Sitharaman, it was revealed that Bhutan surpassed other nations in receiving financial support from India. The allocation from … Read more
The upcoming 2024 Interim Union Budget in India is anticipated to impact various sectors, particularly drawing attention to companies involved in infrastructure development such as roads, ports, and airports. With Prime Minister Narendra Modi’s government gearing up to present its final budget before the upcoming national elections, traders are closely monitoring stocks associated with infrastructure … Read more
In today’s stock market report, the key equity indices concluded the trading session on a positive note. The NSE Nifty 50 ended the day 215.15 points or 1.01% lower, settling at 21,453.95. Simultaneously, the BSE Sensex experienced a dip of 689.76 points or 0.98%, ultimately closing at 71,060.31. Notably, the broader indices displayed a positive … Read more
In a volatile trading session on Tuesday, Indian shares experienced a significant downturn, erasing early gains. The financial sector, led by HDFC Bank, played a pivotal role in dragging down the market. Furthermore, Zee Entertainment faced a staggering 32% plunge following the collapse of its anticipated merger with Sony’s India unit. The NSE Nifty 50, … Read more
The Indian Paper Manufacturers Association (IPMA) is urging the government to implement measures in the upcoming budget to protect the domestic paper and paperboard industry. The industry body has proposed an increase in the import duty on paper and paperboard from the current 10% to 25% to curb cheap imports. IPMA emphasizes that India’s WTO … Read more