Investor wealth shrank by Rs 5.77 lakh crore on Friday as a sharp bout of selling in the final hour of trade dragged benchmark indices deep into the red amid concerns over a weaker monsoon outlook and geopolitical uncertainty.The BSE Sensex plunged 1,092.06 points, or 1.44 per cent, to settle at 74,775.74. During the session,…
Capital markets regulator Sebi has imposed penalties totalling Rs 28.95 crore on Suzlon Energy, its chairman and managing director Vinod R Tanti, promoter Girish R Tanti and others for alleged misstatements in the company’s financial disclosures spanning several years, PTI reported.In a 96-page order issued on Friday, Sebi said Suzlon Energy Ltd’s financial statements did…
India’s foreign exchange reserves fell by $7.511 billion to $681.384 billion in the week ended May 22, extending their decline for a second consecutive week, according to data released by the Reserve Bank of India (RBI) on Friday, reported PTI. The reserves had dropped by $8.094 billion in the previous reporting week to $688.894 billion….
Gold has rebounded sharply from the lower Bollinger band and is moving toward the upper band. (AI image) Gold price prediction today: Gold prices seem to be seeing some rebound and the outlook remains constructive, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Buy on Dips…
Reliance Industries is taking “deliberate steps” to strengthen its digital unit, chairman Mukesh Ambani said in a note to shareholders, without sharing any updates on the planned listing of Jio Platforms that is expected to fetch as much as $4 billion.“We will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio’s…
United States on Thursday imposed fresh sanctions targeting Iran’s military-linked oil trade network, despite reports suggested that Washington and Tehran have reached a tentative agreement to extend their ceasefire and ease restrictions on shipping through the Strait of Hormuz.The US Treasury Department said it has sanctioned eight vessels involved in transporting Iranian crude oil and…
New Delhi: India and Canada have decided to focus on low-hanging fruit, work on areas of convergence and avoid seeking concessions in sensitive sectors in the negotiations for the proposed free trade agreement, commerce and industry minister Piyush Goyal has said. The two countries are negotiating a Comprehensive Economic Partnership Agreement (CEPA). The third round…
MUMBAI: You probably do not care much about your inactive accounts on online platforms such as Amazon or Flipkart. But do you know that your dormant e-commerce accounts are being targeted by fraudsters?Unlike financial transactions which usually leave a trail and are notified to users through mobile alerts or messages, suspicious transactions made through e-commerce…
Oil prices fell slightly on Friday after reports of a potential extension of a US-Iran ceasefire amid the ongoing Middle East conflict that has stretched beyond three months.Prices of Brent crude fell 0.37% to $93.36 a barrel, while US oil futures slipped 0.71% to $88.27 a barrel, as traders reacted to shifting signals around a…