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Government News
After witnessing high volatility over the last week, crude oil prices settled marginally lower. The Brent crude oil futures on the Intercontinental Exchange (ICE) ($64.80/barrel) was down 1.2 per cent. Whereas the crude oil futures on the MCX (₹5,302/barrel) lost a marginal 0.2 per cent. Brent futures ($64.80) Brent crude oil futures saw a zig-zag movement…
On April 1, four years ago, piqued by the incessant jokes in the village at his expense, Bandu Barve decided he’d had enough. It was time for him to turn ‘smart’. His dead granny’s voice rang in his ears — “Read the papers, Bandya, they tell you all.” So, off went Bandu to the stash…
While rural demand trends continue to outpace urban consumption for the FMCG industry, the gap seems to be decreasing signalling early green shoots visible in urban consumption. According to data sourced from retail intelligence platform, Bizom,sales of FMCG goods in value terms in non-urban regions witnessed a growth of 13.8 per cent in the March…
Sankaran Naren, Executive Director and Chief Investment Officer of ICICI Prudential Asset Management Company, is a formidable name in the asset management industry. Naren, who has a B.Tech from IIT Madras and an MBA from IIM Kolkata, is a market veteran with nearly 35 years of experience in the industry. In ICICI Prudential AMC, he…
Nainar Nagenthran | Photo Credit: SHAIKMOHIDEEN A BJP MLA Nainar Nagenthran was on Saturday elected as president of the party’s Tamil Nadu state unit, with outgoing chief K Annamalai declaring that the goal is to oust the ruling DMK from the corridors of power and the path, to be led by Nagenthran, in alliance with…
“How about meeting for an ‘exit’ interview,” we message 68-year-old B Santhanam, with a smiley. “Yes, we can schedule it on April 1; that is an appropriate day,” he replies, with a wink emoji! Given that he is retiring after a 45-year career with the French float glass maker and construction products major Saint-Gobain, a…
Last week we said in a worst-case scenario, Nifty can run into a sideways consolidation. That seems to be working out very well. After opening with a wide gapdown, Nifty 50 has recovered almost all the loss last week. As we indicated, the fall last week actually gave a very good buying opportunity. Charts say…
File picture: Rajya Sabha MP Kapil Sibal | Photo Credit: – Rajya Sabha MP Kapil Sibal on Saturday hailed the Supreme Court for setting a timeline for governors to act on bills passed by state assemblies and said it is a “historic” verdict “good for federalism” as it defines the role of governors. In a…
5.5-magnitude earthquake hits Pakistan, no casualties reported, felt in multiple districts | Photo Credit: iStockphoto A 5.5-magnitude earthquake shook parts of Pakistan on Saturday. No loss of life or property has been reported so far. The earthquake, with a depth of 12 kilometers, struck the country at 12:31 PM, according to the National Seismic Monitoring…
Billed on Wall Street as so rock-solid safe they’re risk-free, US Treasury bonds have long served as first port of call for investors during times of panic. They rallied during the global financial crisis, on 9/11 and even when America’s own credit rating was cut. But now, as President Donald Trump unleashes an all-out assault…
