Experts Financial News

In the middle of the afternoon on March 11, 2011, a major earthquake struck off the northeastern coast of Honshu, Japan’s main island, triggering a tsunami that sent a 40-metre-high wall of water cascading towards the coast. The inland surge from the tsunami washed away thousands of homes, devastating roads and knocking out power across much of the country. At the island’s Fukushima Daiichi nuclear plant, backup generating capacity was wiped away, too, and within days the plant fell into meltdown and began spewing toxic radioactive material into the environment, forcing the evacuation of thousands. The multi-pronged disaster, previously thought impossible, left more than 15,000 people dead and caused more than US$200 billion in damage, making it one of the most devastating in modern times.

Russia's parliament has approved a federal budget that increases spending by around 25% in 2024-2026 and devotes a record amount to defense

The new president and CEO of Philanthropy Roundtable says she plans to fight for the principles the advocacy organization has always prized

If you didn’t already guess it from a barrage of sales ads in your inbox, the holiday shopping season is upon us

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extremes fueled by human-caused climate change

Pricing for the average new car continues to rise, with the latest reports pegging the average new vehicle transaction price around $48,000

fires continue to burn bright in the neighbouring states when famers set fire to the crop stubble. Add to this the pollution caused by bursting of firecrackers and the air quality gushes into the hazardous category. And you then see a steady line of people flocking to hospitals due to breathing problems.

Warburg Pincus and two promoter group entities offloaded shares of Home First Finance through the open market on Thursday for the second time in six months. Warburg Pincus, through its affiliate Orange Clove Investments BV, sold 28,83,819 shares or 3.3% stake in the affordable housing financing company for about Rs 251 crore, according to bulk deals data. As of September-end, Warburg Pincus, through this affiliate, held 26.4% stake in the company.

India's crude oil imports rose in October, after falling in the previous four months, as the world's third biggest oil importer and consumer shipped in more fuel to meet winter demand, Petroleum Planning and Analysis Cell (PPAC) data showed on Thursday. Crude imports in October rose 5.9% month-on-month to 18.53 million metric tons, rebounding from a one-year low in September. India's fuel consumption also rose to a four-month high in October, as increased industrial activity boosted sales during the festive season and the onset of winter, government data showed earlier in the month. «With demand picking seasonally up as we approach the end of the year, there was a higher need to import more crude to cover higher demand for refined products,» said UBS analyst Giovanni Staunovo. The year-on-year rise in imports is due to the rise in domestic demand, supported by solid economic growth, Staunovo added. Data from the PPAC website also showed product imports rising 13.4% to 4.41 million tons from October last year and product exports 12.6% higher over the same period to 4.47 million tons. On a monthly basis, product imports rose 7.6% in October, while exports fell 7%. OPEC's share in India's oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed. Indian refiners have slowed Russian oil imports in recent months from the nearly 2 million barrels per peak seen earlier this year as discounts have narrowed. (Reporting by Tina Parate and Anjana Anil in Bengaluru; Editing by Mark Potter)

₹1,092.26 crore IPO of Fedbank Financial Services, a retail-focused non-banking finance company promoted by Federal Bank, continued to witness subdued interest from investors on its second day of bidding. Also Read: Fedbank Financial Services IPO: Issue receives tepid response from investors on Day 01 Investors bid for 5,05,84,571 shares on the second day (November 23) against the available 5,59,23,660 shares, translating into a subscription rate of 90%, as per BSE data. Notably, the retail segment exhibited decent demand as the subscription rate reached 1.26 times.

Disclaimer: The text below is an advertorial article that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is an advertorial article that is not part of  Cryptonews.com  editorial content.

Nifty on Thursday ended 10 points lower near the crucial 19,800-zone in an insipid trading session where it failed to break above the hurdle at 19,850. On the derivative front, the strikes of 19,800 saw the highest addition of PE open interest and build-up. The trading day closed with an underperforming market breadth as only 24 out of the Nifty 50 stocks closed in the green, said Avdhut Bagkar Technical and Derivatives Analyst, StoxBox. What should traders do? Here’s what analysts said: Jatin Gedia, Sharekhan The structure is still positive and unless it does not breach below 19,700 we can expect the Nifty to target 19,930 from a short-term perspective.

Nifty Bank index bounced back on Thursday supported by buying seen in key index heavyweights such as HDFC Bank, SBI. The index rose over 100 points to close at 43,577. It hit an intraday high of 43,649 and an intraday low of 43,451.

BSE SME. The refund process will begin on Friday, November 24, and shares will be credited to the Demat account of those allotted on Tuesday, November 28.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Life Insurance Corporation (LIC) has lined up 3-4 product launches in the coming months with a view to achieve double-digit growth in new business premium in the current financial year. «We are projecting double-digit growth over the last year. We are going to achieve that because a recent trend is showing uptick in individual retail business.

The NSE Nifty index closed 9.85 points down at 19802.0, while BSE Sensex ended down 5.43 points at 66017.81. On the other hand, Cipla Ltd.(down 7.93 per cent), UltraTech Cement Ltd.(down 1.77 per cent), LTIMindtree Ltd.(down 1.48 per cent), SBI Life Insurance Company Ltd.(down 1.34 per cent) and Larsen & Toubro Ltd.(down 1.19 per cent) were among the top losers of the day.

Parag Milk(up 3.87%), Dangee Dums(up 3.38%), Varun Beverages(up 2.25%), Sheetal Cool Products(up 1.94%), Euro India Fresh Foods(up 1.80%), Prataap Snacks(up 1.61%), Patanjali Foods(up 1.16%), Nakoda Group(up 1.01%), Zydus Wellness(up 0.91%) and Colgate Palmolive(India)(up 0.90%) stood among the top gainers. Jyothy Labs(down 1.87%), JHS Svendgaard Laboratories(down 1.85%), Dodla Dairy(down 1.77%), Gillette India(down 0.77%), ADF Foods(down 0.65%), Marico(down 0.34%), Umang Dairies(down 0.21%), Tasty Bite Eatables(down 0.18%), Dabur India(down 0.12%) and Hindustan Unilever(down 0.08%) were among the top losers of the day.

Ashapura Minechem(up 5.00%), 20 Microns(up 4.90%), Madhav Marbles and Granites(up 3.94%), Oriental Trimex(up 2.78%), Sandur Manganese & Iron Ores(up 2.60%), Aro Granite Industries(up 0.73%), Coal India(up 0.69%), NMDC Ltd(up 0.52%) and Lexus Granito(up 0.37%) stood among the top gainers. Gujarat Mineral Dvpt Corporation(down 2.80%), Pokarna(down 2.62%), Orissa Minerals Development Company(down 0.82%), KIOCL(down 0.47%) and MOIL(down 0.31%) were among the top losers of the day.