The market is expected to open in the red as trends in SGX Nifty indicate a negative opening for the broader equity indices in India with a loss of 34 points. Following a choppy session on August 18, the markets reversed losses during the last hour of the trade and closed higher for the eighth straight session.
READ MORERK Singh, the electricity minister, claimed on April 28 that there is a power shortage in several states because payments to generation companies have not been made. According to Singh, several governments were not lifting indigenous coal on a war footing, instead of increasing fuel imports and enabling high fuel costs to be passed through. “The
READ MOREIndia’s ONGC Videsh Ltd has sold at least one cargo of Russian Sokol oil to India refiners Hindustan Petroleum Corp and Bharat Petroleum Corp after failing to draw interest in a tender earlier this month, sources familiar with the matter said. Indian companies are snapping up Russian oil as it is available at a deep discount after
READ MORECapital Sands The U.S. dollar has seen some selling in early European trade Monday, but from lofty heights as tensions between China and the U.S. continue to simmer and Japan enters recession. At 2:40 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.362,
READ MOREDubai: The official gold rate in Dubai has touched Dh200 a gram for the first time in nine years. Anyone buying gold now – few are – will also have to fork out an additional 5 per cent on that. “Gold’s turning super-hot – for consumers and retailers,” said a trader. “At these levels, it’s
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