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Gold funds underpin pandemic price rally as jewelers vanishWestern investors offset collapse in demand from traditional retail buyers in China and India.
- Rupee’s rally leaves traders gauging RBI’s forex strategy
Overseas funds piled $4.2 bn into Indian stocks in the June quarter, the highest in Asia.
- DHL temporarily suspends Chinese import shipments to India
Another prominent freight transporter FedEx Corp has also suspended shipments, according to a BloomberQuint report, adding that the company...
- Mark Zuckerberg loses $7 billion as firms boycott Facebook ads
Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network.
- Sensex snaps 2-day losing run, rises 329 pts on rally in IT & bank stocks, firm global cues
Analysts believe the current uptrend in the market may not continue for long.
- Oil prices rise on faith in supply cuts, demand recovery
U.S. West Texas Intermediate (WTI) crude futures climbed 23 cents, or 0.6%, to $39.07 a barrel at 0209 GMT, while Brent crude futures rose ...
- India Cements gains even as cement maker denies Damani stake buy report
Earlier, a Bloomberg reported citing unnamed sources suggested that Damani, the Indian tycoon who built a fortune rolling out his supermark...
- After 15 years, Apple prepares to break up with Intel
Apple’s move shows the growing power of big tech cos to expand abilities & reduce dependence on partners.
- Stocks in the news: India Cements, NTPC, IGL, Muthoot Finance and Fortis Healthcare
IRB Infrastructure, MOIL, Thermax, Thomas Cook (India), and Whirlpool are slated to announce Q4 results today.
- Will the 29% rally in IndusInd Bank shares sustain? Many feel it will
The stock currently has 19 ‘strong buy’, 11 ‘buy’, 10 ‘hold’, 7 ‘sell’ and one ‘strong sell’ ratings.
- E-commerce giant JD raises $3.9 bn in Hong Kong listing
Fellow Chinese tech giant NetEase raised $2.7 billion in the city earlier this month.
- Sensex tanks 709 points on AGR ruling, Fed's economic outlook
The selloff eroded investor wealth by Rs 2.4 lakh crore on the Indian bourses.
- European stock rally takes step back as tech, healthcare drag
The pan-European STOXX 600 declined 0.4%, as investors moved out of expensive names, while bidding up laggards such as banking, auto and oi...
- AstraZeneca approaches Gilead about potential merger
AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc. about a potential merger.
- RIL gains as 3 sovereign wealth funds eye stake in Jio Platforms
The stock also gained ahead of the closure of the company's Rs 53,124 crore rights issue later in the day.
- Unlock 1.0 may have set stocks on fire, but beneficiaries are few
Consumption indicators have showed signs of modest improvement in May.
- Plastic pipes sector set to boom, Finolex analysts’ top pick
Finolex is a potential re-rating candidate as it is likely to earn free cash flow yield of 6.2% in FY22.
- Dollar on defensive as markets pin hopes on global economic recovery
The U.S. dollar's index against a basket of six major currencies stood at its weakest level since mid-March, at 97.790.
- Michel Barnier tells UK to Be ‘More Realistic’ on trade talks
“Clearly we want an agreement, but that cannot be an agreement at any cost,” Barnier said in an interview with the Sunday Times newspaper. ...
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