Show Financial News

Investing.com-- Gold prices steadied on Thursday, but paused a recent recovery rally after stronger-than-expected U.S. retail sales data brewed some uncertainty over the path of U.S. monetary policy.

HONG KONG (Reuters) — A court auction to sell vast commercial land plots owned by defaulted Shimao Group in Shenzhen failed for a second time on Thursday as there were no bidders, highlighting weak demand in China's property market.

Page Industries Ltd. traded 0.71 per cent up at Rs 37250.5 at 11:27AM (IST) on Thursday, even as BSE benchmark Sensex gained 407.62 points to 66083.55. The stock had closed at Rs 36984.35 in the previous session.

Ambuja Cements Ltd. traded 0.16 per cent down in Thursday's trade at 11:21AM (IST). Around 19,288 shares changed hands on the counter.

Crompton Greaves Consumer Electricals Ltd. traded 0.19 per cent up at Rs 282.6 on Thursday at around 11:32AM (IST), while the benchmark BSE Sensex advanced 440.18 points to 66116.11. As many as 6,045 shares changed hands on the counter with a total value of Rs 0.18 crore.

Kilitch Healthcare India Limited recalled 27 variants of eye drops being sold in the United States due to potential safety concerns after FDA investigators found insanitary conditions. The Food and Drug Administration warned consumers last month not to purchase or use store-brand eyedrops from Walmart Inc., CVS Health Corp., Target Corp. and other companies “due to risk of eye infection,” without naming Kilitch as the manufacturer.

ICICI Prudential Life Insurance Company Ltd. traded 1.06 per cent up at Rs 549.0 at 11:37AM (IST) on Thursday, even as BSE benchmark Sensex gained 399.66 points to 66075.59.

Japan has reported that its exports increased by 1.6% in October from a year earlier, as auto and ship shipments increased

About 46,000 United Auto Workers at General Motors on Thursday are expected to wrap up voting on a tentative contract agreement in a close race that will decide the fate of the deal that ended a six-week strike

By Liangping Gao and Ryan Woo

Rio Tinto fired the former head of its aluminium division, Ivan Vella, on Wednesday with immediate effect due his “failure” to keep confidential information secret, according to the mining giant, which is investigating the fallout from the breach.

thematic funds cut their returns by nearly two-thirds through badly-timed trades, a report by Morningstar Manager Research showed. Funds that tend to focus on specific themes, such as climate change or artificial intelligence, have drawn investors over the last few years, more than doubling their assets under management since 2018, Morningstar's data showed. However, while the average return on thematic funds was an annualized 7.3% over the five-year period through June 2023, investors saw just a 2.4% return, the Morningstar report by senior analyst Kenneth Lamont and director of manager research Matias Mottola showed.

Amnish Aggarwal, Head-Research, Prabhudas Lilladher, says “companies which were having a good amount of cash with them, their treasury incomes have gone up because of the higher interest rates. So, whatever has been the aggregate beat, these are one of the two major reasons why this has not been a disappointing quarter as far as the numbers are concerned.” The narrative approaching the results was that people became watchful that this result season we would start seeing some early kind of cracks in some of the numbers either flat to weakish. But by the time we are winding up our Q2 earnings season, the narrative seemed to have changed. It turned out pretty okay. What were some of the hits and misses in your view? If you look at the aggregate numbers which we have studied so far, there are two big factors why you can say first of all as far as your aggregate volumes are concerned and when I am saying this we are referring to the volume growth in any sector or the segment. So, there has not been any big surprise element on that part. The demand conditions have not predominantly changed than what we were talking say a month or two back. But what has been surprising is that the benefit of benign raw material prices has been better than what it was anticipated say a couple of months back.

By Tetsushi Kajimoto

A state commission in Ohio has voted to approve fracking for oil and gas drilling in state parks and designated wildlife areas

Sensex jumped 742.06 points, or 1.14%, to end at 65,675.93, while the Nifty 50 settled 231.90 points, or 1.19%, higher at 19,675.45. “Rally was seen in global markets after weak US inflation data raised hopes that the interest rate-hiking cycle has reached its peak. Additionally, news of fresh stimulus in China and sharp fall in UK’s inflation boosted the sentiments.

The Senate is pushing toward a vote on a temporary government funding package as lawmakers seek to keep the holiday season free from any suspense over a government shutdown

Bajaj Finance Ltd from lending under its eCOM and Insta EMI Card products.“This action is necessitated due to non-adherence of the company to the extant provisions of digital lending guidelines of Reserve Bank of India, particularly non-issuance of key fact statements to the borrowers under these two lending products and the deficiencies in the key fact statements issued in respect of other digital loans sanctioned by the company," the RBI said in a press release on Wednesday.The regulator said it will review the supervisory restrictions after the company rectifies deficiencies to the RBI’s satisfaction. (Read More)U.S.

Nvidia is on pace to rise for a record 11th consecutive session even as at least one technical signal flashes a warning that the stock's rally is showing signs of overheating. Shares of the Santa Clara, California-based company have climbed 22% during their latest surge, adding about $220 billion in market value, according to data compiled by Bloomberg. This has propelled their relative strength index, a 0-100 gauge of bullish and bearish price momentum, above 70 on Tuesday. Such an elevated RSI level is generally considered a contrarian signal that a decline is imminent, because buying has gotten excessive.

personal guarantees given by promoters of companies raising bank loans, said people at advisory firms. The move is aimed at preventing them from transferring these personal assets to a special trust, which may be bankruptcy remote. This move by banks follows the recent landmark Supreme Court order that upheld the constitutional validity of recovery provisions against personal guarantors under the Insolvency and Bankruptcy Code (IBC).

InGovern has said that a reading of Religare Enterprises' annual reports shows its chairperson Rashmi Saluja earned «excessive» compensation, and that there were regulatory breaches and non-disclosures by the financial services company in which the Dabur promoter family is seeking to enhance its equity ownership through a mandatory open offer to minority stockholders. InGovern estimated the value of Saluja's stock options of Religare and of its subsidiary Care Health Insurance over the past 3-4 years at ₹480 crore.