Stocks – Wall Street Surges at the Close as Financials, Tech Jump
By Administrator_India Capital Sands Stocks made a bullish start to the week Monday, shrugging off an uptick in coronavirus deaths in the U.S. amid a surge in tech and financials. The S&P 500 rose 4.6%, the Nasdaq Composite surged 4.5% and Dow Jones Industrial Average rose 1,294 points, or 5.1%. The Dow notched its biggest daily point gain ever, as did […]
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 […]
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 […]
Oil prices rise as new virus cases slow, easing Chinese demand concerns
By Administrator_India, Capital Sands Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world’s second-largest oil consumer. Brent crude was up 73 cents, or 1.3%, at $54.75 per barrel. U.S. West Texas Intermediate […]
SEBI awaiting forensic audit reports on credit rating agencies for greater clarity
By Ritu, Capital Sands SEBI is waiting for forensic audit reports on credit rating agencies which will give a clearer picture of wrongdoings. The forensic audit or investigation report from Care, ICRA and India Rating may come out in a month’s time. “SEBI is awaiting forensic audit report on credit rating agencies which will give […]