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Crude oil prices are only marginally higher following a big slump in the previous session as demand concerns surge amid recession fears and tightening policy by central bankers. Notable increase in crude oil and gasoline inventories are signaling further weakening US fuel demand. Oil prices fell yesterday after the Energy Information Administration reported a build in crude oil inventories of 4.5 million barrels for the […]

Sales rise 4.94% to Rs 135.13 crore

Copper prices are extending decline for the fourth straight day on Thursday despite a continued fall in copper inventories. US-China geo-political tensions also kept a lid on riskier assets since last couple of days. COMEX copper futures are trading lower by 0.50% at $3.46 per pound. Meanwhile, US business activity declines for first time in over two years amid. US S&P Global Services PMI for […]

Gold is seen recovering is early Asia on Thursday, tracking a pause in dollar rally. The dollar index that measures the greenback against a basket of currencies is giving back previous day gain and currently down 0.09% at 106.28. The greenback surged in the last two days amid US-China geopolitical tensions and after hawkish comments from Federal Reserve members of sharper interest rate hikes this […]

A report released by the Institute for Supply Management on Wednesday showed an unexpected acceleration in the pace of growth in U.S. services sector activity in the month of July. Services PMI rose to 56.7 in July from 55.3 in June, with a reading above 50 indicating growth in the sector. The report showed the business activity index shot up to 59.9 in July from […]

The telecommunications services provider acquired 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100MHz, 3300 MHz and 26 GHz frequency bands through the 5G spectrum auction for Rs 43,084 crore.

New orders for U.S. manufactured goods showed a significant increase in the month of June, according to a report released by the Commerce Department. The report showed factory orders shot up by 2.0 percent in June after surging by an upwardly revised 1.8 percent in May. The bigger than expected increase in factory orders came as orders for both durable goods and non-durable goods spiked […]

Profit booking may emerge as the day progresses

The newly incorporated subsidiary ATSTL is yet to commence its business operations.

InterGlobe Aviation: InterGlobe Aviation posted net loss at Rs 1064.3 crore in Q1 FY23, lower than net loss of Rs 3174.2 crore in Q1FY22. Total income for the quarter ended June 2022 was Rs 13018.8 crore, an increase of 310.7% over the same period last year. Adani Wilmar: Adani Wilmars consolidated net profit rose 10% to Rs 194 crore on 30% jump in revenue to […]