Markets

Saudi Arabia delays May crude prices until after OPEC+ meeting - Saudi source

Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies reg

China's Luckin Coffee says business will continue amid financial fraud probe

Luckin Coffee Inc said on Sunday it will maintain normal operations at its stores and apologised to the public, days after it announced an internal investigation had show

Saudi Aramco appoints Mark Weinberger to board of directors

Saudi Aramco has appointed Mark Weinberger to its board of directors as an independent board member, replacing Andrew Gould, the company said in a statement on Sunday.

The Week That Was: Biyani stocks, Maruti, IndusInd plummet; Damani picks a new stock

Here are a few stocks that buzzed the most during the trading week.

UAE central bank takes new anti-coronavirus steps, bringing stimulus to $70 billion

The United Arab Emirates' central bank said on Sunday it had reduced banks' reserve requirements for demand deposits by 50% to support the country's economy during the CO

Dubai Islamic Bank, subsidiary Noor have $541 million exposure to NMC Health

Dubai Islamic Bank said on Sunday it has $425 million exposure to troubled hospital operator NMC Heath and its subsidiary Noor Bank has a further $116 million exposure to

DMart's Damani donates Rs 100 cr to PM's Covid-19 relief fund

Damani made the contributions through group company Bright Star Investments.

UAE central bank cuts bank reserve requirements for demand deposits by 50%

The aggregate value of all capital and liquidity measures adopted by the central bank since March 14 is 256 billion dirhams.

PetroVietnam says first quarter net profit likely halved to $188.5 million

PetroVietnam's net profit in the first quarter of this year likely fell 50.8% from a year earlier to 4.44 trillion dong ($188.5 million) due to low oil prices and weak de

Crude oil is well and truly on recovery path

Is the oil tide turning? Political developments of the last couple of days suggest crude oil market may have already bottomed out and is well on its w

Seven of top 10 cos lose Rs 2.82 lakh crore in m-cap; TCS, HDFC Bank hammered

The market capitalisation of TCS tumbled Rs 61,614.15 crore to Rs 6,20,794.53 crore.

Virus spread, Opec meet & FII mood among 7 factors that will sway market in 3-day trading week

Going by the buzz on Dalal Street, these factors may guide market in the coming week.

Seven of top-10 cos lose 2.82 lakh cr in m-cap; TCS, HDFC Bank hammered

Seven of the ten most valued domestic companies lost a staggering 2,82,548.07 crore in market valuation last week, with Tata Consultancy Services (T

Mexican tequila makers, unlike brewers, plan to keep up production, exports

Mexican tequila makers have sought to dispel concerns that their exports to the United States will dry up, after two large brewers in the country suspended production to

Pandemonium in the equity markets is making investors throw out all established principles

For India, this crash has come barely a year after a prolonged mid-cap sector meltdown, followed by a debt market debacle that saw large shadow banks such as IL&FS and DH

Exclusive: Amazon in contact with coronavirus test makers for potential screenings on employees

Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses

OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse - sources

OPEC and Russia have postponed a meeting due on Monday to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a row between Moscow and Saudi Arabia o

Corona: Government prohibits export of this kit

n Saturday  banned the export of diagnostic kits. With a view to discourage the export of these kits, the government has taken this step. A notification issued by th

Banks will be closed for so many days in April

PM Modi has done a lockdown of 21 days to prevent the infection of Coronavirus in the country. The same, due to the spread of coronavirus, lockdown is going on throughout

Power price at IEX crashes to 70 paise per unit for 9 PM delivery slot on Sunday

PM Narendra Modi has appealed citizens to switch off electric lights at 9 pm on Sunday for nine minutes.

Graphic: How the coronavirus job cuts played out by sector and demographics

The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic were widespread but still were disproportionately felt in a h

OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse

OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia ove

Abu Dhabi's oil company says committed to targets in production capacity growth

The United Arab Emirates' Abu Dhabi National Oil Co is committed to reaching its targets in production capacity growth, the state-run WAM news agency cited its chief exec

A weak global economy will keep pushing oil prices down: Geoff Dennis

The Emerging Markets Commentator says the chances of an oil supply cut by the US is probably pretty small.

OPEC+ emergency meeting likely to be postponed to April 8 or 9 - OPEC sources

OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9 to allow more time for negotiations among oil p

Investors Reading List: April 4, 2020

Tired of making grocery runs and watching TV? Catch up on the most relevant news for investors this week with BLs curated list.

Letter from London: An equity sales guys love (for work) in times of Corona

Conversations take the form of fierce deliberations on unearthing opportunities in the crisis.

Dont rule out India rebounding to 7% growth in H2FY21: Arvind Panagariya

Former VC of Niti Aayog says for some specific sectors, it is going to be a little tough going.

Coronavirus impact: As Sensex, Nifty remain in bear grip, here's what to expect next week

With negative closing on Friday, the Indian stock market fell for seven consecutive weeks for the first time since June 2008. Both Sensex and Nifty have cracked 33 per ce

NSE shortlists 5 companies with higher levels of pledged shares for surveillance action

It also noted that shortlisting of securities under this surveillance measure is purely on account of market surveillance and it should not be construed as an adverse act

IMF praises Ukraine's decisions on land reform, banking law

The International Monetary Fund welcomes the Ukraine's initial parliament's adoption of legislation to strengthen the bank resolution framework and looks forward to its f

CNG: Natural gas prices fall, know new rate

The price of CNG and piped cooking gas was cut on Friday due to the decrease in the prices of natural gas amid the Corona crisis in India. It has become cheaper by 7 perc

Coronavirus may left crore of people jobless

Coronavirus is spreading fast globally. At the same time, the death toll from Coronavirus has increased at a very fast pace in Spain, Italy and New York. In the outbreak

Chase the momentum and buy on rise next week: Kunal Bothra

Traders should buy GAIL and short Maruti next week, says the founder of kunalbothra.co.in.

Singapores Ikhlas Capital eyes mid-2020 fund close, rethinks $500 million target

Singapore-based private equity firm Ikhlas Capital will close its inaugural fund in the middle of this year, reassessing its planned $500 million target due to the corona

Lockdown may lead to global recession, India's growth rate may fall to 30-year low

New Delhi: Global rating agency Fitch Ratings on Friday lowered India's growth forecast for 2020-21 to 2 per cent. This will be the lowest level of 30 years. The rati

Sudip Bandyopadhyay on what to buy in a virus-hit market

The Group Chairman of Inditrade Capital says till there is some kind of solution on virus front, markets will be jittery.

Wall St Week Ahead: Investors look to coronavirus data to support a stabilizing markets

Volatility has eased from its March peaks. Fewer U.S. stocks are hitting new 52-week lows.

Wall Street heads for third weekly loss as indices drop 2.5%

The S&P 500 was down 2.5% as of 2:05 p.m. Eastern time. The Dow Jones Industrial Average fell 526 points, or 2.5%, to 20,886, and the Nasdaq was down 2.6%.

Money will come into Jan Dhan accounts for three months from today

On Friday, the first instalment of Rs 500 is being added to the Jan Dhan accounts of women amidst the havoc of Corona. In order to provide financial assistance to the poo

MCX ties up with Religare Health Insurance to insure its employees against Covid-19

Employees in the age group 18-65 will be covered under this policy while the sum insured per employee will be Rs. 5 lakh.

Tesla cuts contractors from California, Nevada factories - CNBC

Tesla Inc is cutting contractors from its U.S. car and battery plants, CNBC reported on Friday, citing workers and a contract staffing agency.

CNG, Piped Cooking Gas Prices Cut In Delhi, Noida

On Friday, the price of CNG used in automobiles and cooking gas piped to household kitchens was reduced by 7 percent in step with a reduction in input natural gas prices.

Singapores Ikhlas Capital eyes mid-2020 fund close, rethinks $1 billion target

Singapore-based private equity firm Ikhlas Capital will close its inaugural fund in the middle of this year, reassessing its planned $1 billion target due to the coronavi

We will come out with policies to support viable MSME units: Rajkiran Rai G

The MD & CEO, Union Bank of India, says the merger is not going to disturb any of the customers.

Benchmarks witness 7th consecutive week of losses

Analysts say if Nifty falls below 7,500, it could go down further by another 13-15%.

RBI cuts trading hours for forex, bond and money markets

Markets will operate only between 10 am and 2 pm in second and third weeks of April.