SEBI gives direct access to stock exchanges for mutual fund investments
By Ritu, Capital Sands Very soon, investors will be able to invest in mutual funds directly through the stock exchanges on their own and without the assistance of their distributors or Registered Investment Advisors . The Securities and Exchange Board of India has asked stock exchanges to allow investors to buy and sell mutual funds […]
India’s Petronet explores buying LNG under 10-year contract
By Ritu, Capital Sands India’s Petronet LNG , the country’s largest importer of liquefied natural gas , is looking to buy the super-chilled fuel through a long term contract starting from 2024, according to a document reviewed by Reuters. It has issued a Request for Information indicating an interest to buy about 1 million tonnes […]
Gold retreats from seven-year high, but virus fears limit losses
By Ritu, Capital Sands Gold prices fell on Tuesday as investors booked profits from a jump to a seven-year high in the previous session and as equities regained some footing, but a spike in coronavirus cases outside of China capped bullion’s losses. Spot gold was down 0.7% at $1,648.36 per ounce as of 0605 GMT. […]
Adani Group eyes Air India, talks in preliminary stage
By Ritu, Capital Sands Billionaire industrialist Gautam Adani backed diversified conglomerate Adani group is weighing a potential bid for state-run carrier Air India, Experts Said. If the deal fructifies, it will mark the Adani group’s big-bang entry into the domestic airline market. “The Adani group has engaged advisors and is evaluating submission of an expression […]
Europe Higher, Boosted by Deutsche Telekom, Covestro
By Ritu, Capital Sands European stock markets pushed higher Wednesday, helped by strong earnings from index heavyweight Deutsche Telekom , while market participants looking to central banks to mitigate the damage caused by the outbreak of the coronavirus in China. The U.K.’s FTSE index traded 0.8% higher, France’s CAC 40 was up 0.5%, while the DAX was 0.4% higher. The […]
India stocks lower at close of trade; Nifty 50 down 0.44%
By Ritu, Capital Sands India stocks were lower after the close on Tuesday, as losses in the Metals, Auto and Real Estate sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.44%, while the BSE Sensex 30 index lost 0.39%. The best performers of the session on the Nifty 50 were Coal India Ltd , which rose 2.92% or 4.90 points […]
Europe Seen Edging Higher After PBoC Eases Policy Again
By Ritu, Capital Sands European stock markets are set to open a little higher Monday, helped by further efforts by the Chinese authorities to limit the damage caused by the coronavirus outbreak. Volumes are likely to be limited, though, with the U.S. markets closed. Earlier Monday, the People’s Bank of China provided medium-term funding to […]
Supreme Court orders telcos to clear dues by March 17, threatens contempt
By Ritu, Capital Sands India’s Supreme Court slammed mobile carriers on Friday for non-payment of billions of dollars in government dues and threatened them with contempt proceedings if they didn’t pay up by March 17. The court, which had asked companies including Vodafone Idea and Bharti Airtel to pay 920 billion Indian rupees ($12.89 billion) […]
Australia court approves $10 billion Vodafone-TPG merger, overrules regulator
By Ritu, Capital Sands An Australian court approved a A$15 billion merger between a unit of Britain’s Vodafone Group and internet provider TPG Telecom on Thursday, overruling a regulator and enabling a huge rival to the country’s top telcos. A Federal Court judge said a tie-up between Vodafone’s joint venture with local telco Hutchison Telecommunications […]
Sensex, Nifty end higher as coronavirus fears abate
By Ritu, Capital Sands Indian shares ended higher on Wednesday, as a slowdown in the number of coronavirus cases and the U.S. Federal Reserve chairman’s optimistic view on the economy whetted investor appetite for riskier assets. The broader Nifty ended up 0.77% at 12,201.20 and the benchmark Sensex ended 0.85% higher at 41,565.90. China reported […]