Sensex, Nifty end lower in see-saw session; HDFC bucks trend
Market benchmarks closed in the red after a highly volatile session on Wednesday despite a positive trend in global equities amid signs of cooling of Russia-Ukraine tensions.
The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 -- marking a loss of...
Non-power coal users claim supply shortage; government denies it
India's aluminium smelters, textile mills, sponge iron and fertiliser-makers say they face a coal shortage as power generators take the bulk of supplies.
India's top miner Coal India Ltd, which accounts for more than 80% of India's production of the fuel, and the federal coal...
Taiwan Exports Seen Contracting For Fifth Straight Month in January: Reuters Poll
Taiwan's exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll. Taiwan, a global hub...
Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance
Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a day after it laid out an extensive electric vehicle strategy. EV ROADMAP Toyota aims to...
Saga Rises After Confirming Talks to Sell Insurance Business
Shares in Saga (LON:SAGA) rose on Monday after the company confirmed on a weekend report saying it's in talks to sell its insurance business Acromas. The Sunday Times had reported that the group wants to use the proceeds from the sale to pay down...
Maharashtra Govt Will Plan Film City Between Mumbai And Thane: CM Eknaath Shinde
Speaking at an event on Sunday where noted Marathi theatre actor Prashant Damle was felicitated for the 12,500th show of his play ‘Eka Lagnachi Gosht’, Shinde said the state government will support Marathi theatre and cinema The Maharashtra government will work on planning a...
Global banks raise forecast to 4% peak for key ECB rate
Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised...
Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year
Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. The group, which so far has successfully passed steep input cost increases on to customers, however saw a slowdown in sales...
Be Very Careful Where You Build That Seawall
Walls are meant to keep out rising seas—but that water still has to go somewhere. New modeling shows it could well end up flooding your neighbors.
THINK BACK TO being a kid at the beach, building walls around your sandcastles. If you engineered those fortifications properly, the...
Japan Foreign Reserves Fall For Third Month After Intervention
Japan's foreign reserves extended declines in October, following the previous month's record drop, the Ministry of Finance said on Tuesday, reflecting the largest ever amount of yen-buying, dollar-selling interventionThe data comes alongside separate figures that confirmed Japan did not conduct stealth intervention in September...