Show Financial News

Average property prices in key locations of top seven cities have surged up to 33% in last three years between October-end 2020 and the corresponding period in 2023, according to Anarock Research data.

NDRF on Friday demonstrated the movement of wheeled stretchers within the pipeline to facilitate the rescue of 41 trapped workers in the Silkyara Tunnel, with plans to deploy the stretchers once the horizontal pipe reaches the opposite side. As reported by ANI, the 25-ton platform supporting the Heavy American Auger machine, crucial for drilling through debris, has undergone reinforcement using a concrete accelerating agent for quick concrete hardening.

By Tetsushi Kajimoto

By Joe Cash

Investing.com-- Gold prices hovered just below key highs on Friday as a U.S. market holiday made for scant trading cues, with focus now turning to upcoming business activity readings for more cues on the world’s largest economy. 

The Rainbow Bridge border crossing between Canada and the United States was reopened Thursday evening as the investigation into a “horrific” vehicle explosion the day before continues.

AQI for Delhi NCR stood at 388. Although air quality in several areas of the national capital improved marginally from the 'severe' category to 'very poor,' it remained hazardous for residents as per pollution numbers recorded on Friday. As of 7.55 am, the AQI in the Pusa area was 403, while IIT Delhi had an AQI of 579.

Disney Plus Hotstar, Netflix, and Amazon Prime Video have rolled out a diverse lineup, ensuring viewers have a plethora of options to choose from and explore. The Aam Aadmi Family Season 4 The fourth season of "The Aam Aadmi Family" features actors such as Brijendra Kala, Lubna Salim, and Chandan Anand. This popular family show is produced by The Viral Fever, with the latest instalment being directed by Himali Shah.

Tube Investments of India Ltd. rose 1.42 per cent to Rs 3469.35 in Friday's trade. It hit an intraday high of Rs 3505.0 and low of Rs 3386.65, respectively, during the day.

Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says “we are playing power through power generation which is Tata Power, also had some exposure to CG Power. Then we are playing it through the transmission space which is Power Grid, among others. Some of the stocks are fairly valued, including Coal India and NTPC. So that is one way. Then we have the renewable sources to play, which is Praj Industries and that is more on bio-fuel. The third way is through the financiers and just see the move in REC and PFC, the way they have run up. That has been the most long, secular play.” What all do you own in power because from legacy companies, wires and cables, transmission towers, financiers, there is a big bouquet out there in power? Absolutely. And as we were discussing in the morning we are playing it through power generation which is Tata Power, also had some exposure to CG Power. Then we are playing it through the transmission space which is Power Grid and there is a proxy play to power through a company which is basically a defence company into explosives, got the largest order from Coal India for Rs 3000 crore – Solar Industries. The stock has run up quite a lot. 40% of the revenue comes from Coal India, which again is mainly on power generation.

Investing.com-- Asian currencies kept to a tight range on Friday, while the dollar moved little as a U.S. market holiday made for scant trading, although focus now turned to key business activity readings due later in the day. 

Meanwhile, the market capitalization of a cryptocurrency called Pepe — a meme coin based on a cartoon frog — doubled in just a few weeks. And even the price of the FTT token, which was created by the FTX exchange and currently has no real utility, has tripled in the past month on hopes that Sam Bankman-Fried’s exchange will return from the dead. Everywhere you look, there are signs that the wacky excesses of the crypto market — and fear of missing out on them — are making an unlikely comeback. As expectations of an imminent approval of a spot-Bitcoin exchange-traded fund pushes the oldest and biggest cryptocurrency ever higher, the hype has also lifted other boats — even those considered among the least seaworthy. This latest rise of digital junk follows a nearly two-year long crypto winter that saw the value of thousands of dubious projects slide — some to nearly zero — to the delight of critics and even some industry insiders. Aggressive actions by the Securities and Exchange Commission marked some crypto coins as illegal and chased some promoters away from crypto. Now it appears that the cleansing was only been temporary.

The World Coal Association has rebranded itself as “FutureCoal: The Global Alliance for Sustainable Coal,” Chief Executive Officer Michelle Manook said at a press conference in Delhi. “For too long our global coal value chain has allowed anti-coal sentiment to dominate and fragment us,” Manook said in a statement. That’s “resulted in a lowering of the global coal IQ,” which the group defines as an understanding of coal’s contribution to society. Coal is the biggest contributor to planet-warming emissions globally.

((This Nov. 22 story has been corrected to show that the revenue forecast is for a 3-year period after the company's clarification in the headline, paragraphs 1 and 3)

By Stella Qiu

Investing.com-- Oil prices rose slightly in Asian trade on Friday as traders remained on edge over a delay in an OPEC+ meeting, although expectations of more supply cuts by the cartel put prices on course to break a four-week losing streak.

Investing.com-- Most Asian stocks fell on Friday following weak economic signals from Japan and the euro zone, while steep losses in index heavyweight Chow Tai Fook Jewellery dragged Hong Kong’s Hang Seng index lower.

Fresh from winning the auction for Jeld-Wen Australasia, Los Angeles-headquartered private equity firm Platinum Equity is drumming up interest in its $US12 billion ($18 billion) buyout fund from Australia’s wealthy.

Sensex eased 5.43 points, or 0.01%, to close at 66,017.81, while the Nifty 50 fell 9.85 points, or 0.05%, to settle at 19,802.00. “While the secondary market saw a range bound move, the heightened action was seen in the primary market. Overall market is likely to trade sideways in the near term with stock specific action in the broader space," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Reuters. The company's managers are currently reviewing proposals to bolster its profitability. The person, on the condition of anonymity, stated that around 1,500 to 2,000 jobs could be cut if the plans were implemented in full.

bond markets to raise capital for infrastructure projects, with big names such as the National Bank for Financing Infrastructure and Development as well as large public sector banks eyeing fund raises worth close to ₹30,000 crore in coming days. Sources aware of the developments told ET that NABFID is eyeing a bond sale worth up to ₹10,000 crore, while the Delhi-Mumbai Expressway aims to garner funds worth up to ₹3,000 crore. Amongst banks, state-owned lenders Bank of Baroda and Canara Bank are looking to raise funds worth up to ₹10,000 crore and ₹5,000 crore, respectively, through the issuance of infrastructure bonds, the sources said. The massive bond pipeline comes at a time when government bond yields have eased significantly from seven-month highs touched in early October.