- Reliance gets world's first 'carbon-neutral' oil from US"This transaction, which was arranged in conjunction with Macquarie Group's Commodities and Global Markets group (Macquarie), is the energy industry's first major petroleum shipment for which greenhouse gas (GHG) emissions associated with the entire crude lifecycle, well head through combustion of end products, have been offset," it said.
- US: Stocks have worst day since October as big tech sinksTechnology companies led a broad sell-off in stocks Wednesday, knocking more than 600 points off the Dow Jones Industrial Average and handing the market its worst day in nearly three months. The S&P 500 fell 2.6%, its biggest single-day drop since it lost 3.5% on October 28. It had set a record high just two days earlier. The Dow and tech-heavy Nasdaq composite also fell more than 2%. The sell-off left the S&P 500 and Dow in the red for the year.US: Stocks have worst day since October as big tech sinks
- Take innovative products like Khadi denim to global markets: Nitin Gadkari to WalmartThe minister said that the target now is to provide 5 crore more jobs in the MSME sector while increasing export share to 60%.
- Nifty range for December at 13,471-13,929, with bias for upsideThe record high of 13777.5 was made on December 21, before the Nifty plunged to 13131.45 on fears of a more deadly Covid variant, which spooked global markets.
- 5G smartphones to capture 50% of global market by 2023: IDC"While many of the top vendors have reduced their 2020 production plans to align with the market decline, we've seen most of the cuts focused on their 4G portfolios," said Ryan Reith, programme vice president with IDC's 'Worldwide Mobile Device Trackers'.
- Global markets wary as coronavirus threatens economic reopeningIn a more promising sign, E-Mini futures for the S&P 500 recouped their early losses to edge up 0.3% and EUROSTOXX 50 futures added 0.2%. FTSE futures dipped 0.2%.
- Ahead of Market: 12 things that will decide stock action on FridayDefensive viz. FMCG, IT and pharma tend to do well during the corrective phase, but traders should maintain caution in the selection of the stocks as we’re seeing selective participation, said Ajit Mishra, VP - Research, Religare Broking.
- Amazon & CII to help design export module for raising exports through e-commerce by MSMEsAt the 17th Confederation of Indian Industry (CII) Global SME Business Summit, Amazon.in and CII signed a Memorandum of Understanding (MoU) to bring the benefits of ecommerce to micro small and medium enterprises (MSMEs) in 10 states across India.
- Global markets retreat on rising second wave fearsOn Wall Street, the S&P 500 lost 0.36% on Wednesday but tech-heavy Nasdaq added 0.15% due to hopes of increased demand for various online services due to the epidemic.
- Goldman warns the dollar's grip on global markets might be overWhile that view is clearly still a minority one in most financial circles -- and the Goldman analysts don’t say they believe it will necessarily happen -- it captures a nervous vibe that has infiltrated the market this month: Investors worried that this money-printing will trigger inflation in years ahead have been bailing out of the dollar and piling furiously into gold.
- Australia shares end lower as vaccine doubts weighGlobal markets eased after several scientists questioned some efficacy results of a trial of UK drugmaker AstraZeneca's COVID-19 vaccine candidate, stoking worries that this could lead to a delay in key approvals.
- UAE's Abu Dhabi's financial centre to sign MOU with Israel's securities authority on fintechAfter the United Arab Emirates (UAE) and Israel agreed to normalise relations in August, the two countries have signed a host of accords to boost economic and business ties.
- Global markets adrift as vaccine rally faltersMSCI's broadest index of Asia-Pacific shares outside Japan was flat.
- Current economic scenario in India as well as global markets is challenging: ChandrasekaranAddressing shareholders at the first annual general meeting of the company which has been formed after the merger of Tata Global Beverages and consumer products business of Tata Chemicals, Chandrasekaran said the situation arising out of the coronavirus "situation has progressively improved" though some of the challenges will persist in the short term.
- Asia stocks edge higher after vaccine hopes push Wall Street to record highsMSCI's broadest index of Asia-Pacific shares outside Japan gained 0.11% on Tuesday morning, a day after hitting its highest level since launching in 1987. The MSCI World Index of global shares which also hit a record high on Monday, ticked higher still in Asia's morning trading.
- Japan shares close at 29-year high on GDP rebound, vaccine raceThe Nikkei 225 Index ended 2.05% firmer at 25,906.93, its highest close since June 1991. The broader Topix gained 1.68% to 1,731.81.
- Ray Dalio says now is ‘special moment’ for markets as China ascendsThe billionaire founder of Bridgewater Associates said in his video message to the Caixin Summit on Saturday that China’s development is making the country more competitive in luring global capital.
- Diamond shines as global markets meltBetween February 18 and March 17, crude oil futures slipped 42 per cent, the Sensex 25 per cent, silver 25 per cent and gold 3 per cent.
- India favours 'support-per-farmer' rule at WTO farm subsidy negotiationsThe first step of the negotiations at the World Trade Organization (WTO), India said, is to create a level playing field by getting rid of the aggregate measurement of support (AMS) or trade-distorting farm subsidies given by the developed countries.
- Gold rises Rs 241, silver gains Rs 161 on festival buyingSilver also gained Rs 161 to Rs 62,542 per kg, compared with Rs 62,381 per kg on Thursday, according to HDFC Securities.
- 2020 different from 2019 & 2018 thanks to rally in smallcapsWe need to have more of such broader bull markets rather than the same old five or four sector rotation, says Shankar Sharma
- Global Markets: Dollar falls, European shares rise as markets buoyed by vaccine hopesAfter the STOXX 600 saw its biggest daily gain in almost two weeks on Monday, the bullish mood continued throughout the New York and Asian sessions.
- Biden win pumps up risk assetsE-mini futures for the S&P 500 jumped more than 1.5% on Monday while Nasdaq futures rallied over 2%, signalling a positive start for U.S. markets.
- Rupee rebounds 40 paise to close at 74.36At the interbank forex market, the domestic unit opened at 74.35 against the US dollar and saw an intra-day high of 74.25 and a low of 74.41. It finally closed at 74.36, registering a rise of 40 paise over its previous close.
- Shares wary, bonds rally as US vote proves painfully tightInvestors had initially wagered that a possible Democratic sweep by Joe Biden could ease political risk while promising a huge boost to fiscal stimulus, hitting the safe-haven dollar and bonds.
- Global markets hit two-month high as economic optimism spreadsMSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%, earlier touching the highest since March 9.
- Global markets reach three-month peaks, resilient to US riotsAfter a cautious start Asian markets were led higher by China on signs parts of the domestic economy were picking up. Hong Kong managed to rally 3.6%, while Chinese blue chips put on 2.2%.
- Asia stocks pitched as a safe haven from volatile US ElectionThe MSCI Asia Pacific Index has beaten the MSCI All-Country World Index by the most since 2008, thanks to a rally in Chinese technology stocks such as Tencent Holdings Ltd. and Alibaba Group Holding Ltd.
- Global markets gain on economic hopes, Hong Kong remains a riskMSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%.
- Ahead of Market: 12 things that will decide stock action on FridayAjit Mishra of Religare Broking said, the traders should remain cautious as there is high uncertainty in global markets due to the recent surge in Covid cases.
- Coffee breaks with wife help KPMG India CEO get through long workdaysArun Kumar shares how he made time for hobbies despite a demanding schedule.
- Global markets reverse early gains, eyes on China-US trade relationsGlobal equity markets have surged around 30% since hitting a low in early March, driven largely by policy stimulus.
- How will the next opportunity unfold in Speciality ChemicalsWhile the sector has grown at 10% for the past decade, the industry in India was overshadowed by China, which sprinted to capture 35% of the global market in production and 25% of the global market in consumption.
- Australian shares drop as global virus cases climb, US stimulus deal stalls"We are now past the time for a stimulus agreement in the United States. This now means that nothing will be forthcoming until, say, February 2021," said Brad Smoling, managing director at Smoling Stockbroking.
- Gland Pharma gets Sebi's go-ahead to float IPOThe company filed draft papers in July and obtained Sebi's observation on October 19 to float an IPO, an update with the capital markets showed on Monday.
- Companies with a vision & purpose have fared better in pandemic: KPMG India Chairman Arun Kumar“A crisis is a time when a company’s sense of purpose and values are tested. At such a time, employees and customers look for authentic leadership that is empathetic, transparent, honest and committed to a higher purpose,” Kumar told ET.
- How the coronavirus has hit Indian and global marketsCoronavirus or COVID-19 has spooked not just the Indian stock market but global stock markets as well. ET wealth studies the impact of the pandemic virus.
- Pandemic has 'peaked out' globally, market to revive in 2021: Hildegard Wortmann, Audi AGThe pandemic has "peaked out" world over and the recovery is recognisable globally and in India too says Hildegard Wortmann, Member of the Board of Management at AUDI AG. Despite the small size, she says the future growth potential in India is very strong and the new product action will continue with three new offerings in the coming five months to capitalize on festivities.
- Global markets, oil rally on vaccine hopes, euro at two-week highsExperts predict a safe and effective vaccine could take 12 to 18 months to develop.
- Global markets drop as virus recovery begins to look distant"The path ahead is both highly uncertain and subject to significant downside risks," Powell said in a webcast speech.
- Global markets fall on renewed coronavirus fears, Powell speech in focusInvestors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had to contend with renewed U.S.-China trade tensions.
- Global markets stumble on fears of second coronavirus wave, oil upMSCI's broadest index of Asia Pacific shares outside of Japan stumbled more than 1%, snapping two straight sessions of gains.
- Ahead of Market: 12 things that will decide stock action on ThursdayChandan Taparia of Motilal Oswal said, the index has to continue to hold above the 11,900 level to witness an up move towards 12,100.
- Digital ad spends likely to get a big boost this festive seasonWith e-commerce driving consumption in Covid times, digital advertising spends are likely to see a significant uptick this festive season.
- Global markets have 3 coronavirus scenarios to considerThere is a tendency among investors to concentrate on the direct short-term effects.
- ReNew Power plans to start manufacturing solar cells, eyes China-dominated global marketRenewable energy is increasingly attracting interest of prominent business leaders. Gautam Adani recently announced plans to invest heavily in the sector to become the world’s biggest renewable energy company, while Mukesh Ambani told his shareholders on Wednesday that Reliance Industries will invest in solar, wind, hydrogen and other clean technologies, and make the company carbon-neutral in 15 years.
- Is there a case for buying Asia stocks over US ones?Since hitting an all-time low relative to the S&P 500 on Sept. 2, the MSCI Asia Pacific Index has outperformed the U.S. benchmark by almost five percentage points.
- Trade bodies urge Centre to set up shipping regulator to control surging freight chargesAfter contracting for six months in a row, the country's exports grew by 5.27 per cent to USD 27.4 billion in September.
- Global markets brush off ugly data, pin hopes on stimulusWith all eyes glued on an EU meeting later in the day to discuss the measures, investors swept aside horrible data from the euro zone that showed economies have suffered massive blows.
- Asian shares close in on 2-1/2-year peak as US stimulus hopes returnMSCI's broadest index of Asia-Pacific shares outside Japan rose 0.15%, inching closer to its Aug. 31 peak, which was its highest level since March 2018. China's CSI300 index gained 1.68% after the Golden Week holidays.
- Gold rises Rs 82; silver jumps Rs 1,074"Spot gold prices for 24 karat in Delhi were up by Rs 82 on strong international gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
- As laggard BFSI stocks make a comeback, should you invest?‘If we look at it in multiple terms, either year till date or from the point of recovery from March till now post-Covid, in all the terms, BFSI stock and BFSI index has been a laggard’