In April, India’s power consumption reached an all-time high of 132.98 billion units, owing to the country’s rising mercury levels. The country’s electricity demand is likely to grow to 220 gigawatts in the next two months, according to India’s power ministry, as the meteorological department predicts above-normal maximum temperatures inContinue Reading
Oil prices jumped at the start of Asian trading on Wednesday, despite fears about slowing demand from top importer China, after industry reports revealed drawdowns in U.S. crude and fuel stockpiles, heightening supply concerns and offsetting concerns about slowing demand from China. By 0223 GMT, Brent crude futures had risenContinue Reading
After the stock of Gautam Adani-led edible oil giant Adani Wilmar (AWL) achieved a record high of Rs 802.80 on the BSE in Tuesday’s trade, it joined the select group of companies with a market capitalization (m-cap) of Rs 1 trillion. According to BSE data, at 10:40 a.m., AWL wasContinue Reading
Sri Lankan stocks fell and were set for another day of trading stoppage when the market opened for the first time in two weeks, during which the economic situation worsened. Within seconds after resuming trading, the Sri Lanka Stock Exchange Colombo All-Share Index plunged as much as 6.7 percent, whileContinue Reading
Sri Lankan stocks fell and were set for another day of trading stoppage when the market opened for the first time in two weeks, during which the economic situation worsened. Within seconds after resuming trading, the Sri Lanka Stock Exchange Colombo All-Share Index plunged as much as 6.7 percent, whileContinue Reading
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation. Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas Intermediate dropped $5.65,Continue Reading
Shares of Zomato plunged to Rs 82.15 on the BSE in Tuesday’s intra-day trade on the back of heavy volume following reports that the Competition Commission (CCI) on Monday ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged unfair business practices with respect to their dealings with restaurantContinue Reading
Shares of BSE Ltd hit a record high of Rs 2,848.40 after they rallied 8.7 percent on the National Stock Exchange (NSE) in Friday’s intra-day trade. At 10:08 am, the stock traded 6.5 percent higher at Rs 2,789 against a 0.5 percent gain on the Nifty50 index. In the pastContinue Reading
Amazoncom Inc. .is planning to split its stock for the first time in more than two decades in a move that will end an era of four-digit stock prices for the biggest U.S. technology companies. Amazon intends to boost its outstanding shares by a 20-to-1 ratio, under a plan disclosed late Wednesday,Continue Reading
Shares of city gas distribution (CGD) companies, Indraprastha Gas (IGL) and Mahanagar Gas (MGL), rallied up to 10 percent in the intra-day trade on Tuesday amid reports of IGL announcing a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region. The prices have been hiked by 50 paise per kilo in Delhi whileContinue Reading
