Buys another $698 million worth of shares of the oil company
The companys board on Thursday (7 July 2022) approved the appointment of D Muthukumaran as the chief financial officer and key managerial personnel of the company with effect from 25 July 2022.
Copper slipped in Asia, giving up gains in last session as market eyed soaring Covid-19 cases in Shanghai. The business hub reported the most virus infections since late May, as a doubling of cases fuels concerns Chinas financial hub may find itself back in lockdown in pursuit of Covid Zero. The city announced 54 local Covid infections for Wednesday, raising concerns that the virus could […]
The Indian rupee declined 19 paise to close at 79.13 (provisional) against the US dollar on Thursday even as dollar stayed subdued. A hawkish stance of the US Federal Reserve increased the possibility of another aggressive rate hike this month, eroding sentiments. At the interbank foreign exchange market, the local currency opened at 79.05 and finally ended at 79.13, down 19 paise over its previous […]
Central bank finally seeing that intervention through dollar selling and rupee buying will not be able to hold the value of rupee
The US Energy Information Administration reported a crude oil inventory build of 8.2 million barrels for the week to July 1 compared with a draw of 2.8 million barrels for the previous week. Gasoline inventories shed 2.5 million barrels, with production averaging 10.3 million barrels daily. This compared with an inventory build of 2.6 million barrels for the previous week, with production averaging 9.5 million […]
TCS: The IT major will declare its Q1 June 2023 result today, 8 July 2022. Tata Motors: Tata Motors unit Jaguar Land Rover (JLR) reported sales volumes for the three month period to 30 June 2022. Retail sales for the quarter ending 30 June 2022 were 78,825 vehicles, broadly flat (183 units lower) compared with the previous quarter ending 31 March 2022 and down 37% […]

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