TOKYO: Oil prices fell on Monday amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity, along with demand for commodities such as crude. Brent crude was down 43 cents, or 0.6%, at $66.34 a barrel...
Gold prices rose on Monday, hovering near a seven-week peak hit in the previous session, as a softer dollar and a retreat in U.S. Treasury yields lifted demand for the safe-haven metal. FUNDAMENTALS Spot gold was up 0.3% at $1,781.75 per ounce by 0056 GMT, after hitting its highest...
Mumbai: Sikka Ports and Terminals (SPTL), a Reliance Industries Limited (RIL) promoter group company, is likely to raise Rs 4,000 crore from a group of three large private sector lenders comprising Axis Bank, HDFC Bank and ICICI Bank, three people aware of the matter told ET. These banks are...
By Divya PatilRising defaults have prompted India to tighten oversight of corporate bond sales, causing issuance to slump in a blow to a long-sought goal of expanding the market. Offerings of rupee notes have fallen to 34.4 billion rupees ($463 million) this month, the slowest start to a financial...
The second wave of Covid infections is looking more dangerous than what the country witnessed in 2020. More than two lakh cases are being reported daily and more than 1,000 people are succumbing to the disease every day. To make matters worse, there’s a shortage of vaccines in the...
Traditionally, investing in index schemes and exchange traded funds in India has been predominantly in benchmark indices — the Nifty and Sensex. These days, cost-conscious investors are gradually dipping their toes in funds that mimic mid- and small-cap indices as local asset managers expand their product offerings to meet...
NEW DELHI: Gold imports, which have a bearing on the country’s current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during the last fiscal, however,...
Some analysts and traders are betting that silver will outperform gold this year. Silver’s historic price performance relative to gold and the ongoing demand-supply dynamics may be the reasons behind such beliefs. Silver is glittering more than gold nowadays even though the yellow metal has entered the correction zone...
Some analysts and traders are betting that silver will outperform gold this year. Silver’s historic price performance relative to gold and the ongoing demand-supply dynamics may be the reasons behind such beliefs. Silver is glittering more than gold nowadays even though the yellow metal has entered the correction zone...
NEW YORK: Oil settled modestly lower on Friday but secured a weekly gain on a stronger demand outlook and signs of economic recovery in China and the United States that offset concerns about rising COVID-19 infections in other major economies. Brent crude settled down 17 cents, or 0.3%, at...