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On the Comex, Brent Oil futures were trading at $90.420, down $0.180 or 0.200%. After a strong rally, crude oil futures are witnessing some profit-booking at higher levels, but the overall trend remains positive, and a buy-on-dips strategy is recommended, analyst Anuj Gupta, Head Commodity & Currency at HDFC Securities, told ETMarkets. He suggests a buy at Rs 7,050 with a stop loss of Rs 6,950 and a target of Rs 7,300. The prices are at 10-month high levels, the analyst informed. Crude oil futures have gained 5.47% or Rs 377/bbl in September while the year-to-day gains stand at Rs 694 or 10.59%, Gupta said. Analyst Prathamesh Mallya, Deputy Vice President, Research, Non-Agro Commodities & Currency at Angel One, believes that the uptick in prices is on the back of declining US inventories and sustained production cuts by Saudi Arabia and Russia, and the situation could remain as it is, going ahead. Earlier, Reuters reported the US crude oil inventories were projected to fall by 5.5 million barrels in the week ending September 1, quoting market sources in the American Petroleum Institute.

«We see a lot of value opportunities that Nazara can move into in the eSports and core gaming IP spaces, so we definitely look at deploying some of these funds in those areas,» says Nitish Mittersain, Nazara Technologies.We understand that there has been a preferential allotment and you have managed to raise further funds. But first let me get the clarification this is in addition to the investment that we heard just three days ago when almost hundred crores was raised, right. This is additional to that? So the total amount of the preferential shares that are placed is a hundred crores plus which we announced on Monday and to Nikhil Kamath and 410 crores to SBI Mutual Funds so the total amount placed in this PREF is 510 crores on an aggregated basis.Okay so you have raised around 510 crores through these investors of course the Kamath Associates as well as SBI Mutual Funds but what is the utilisation of funds, why are you looking at raising that money, what is the deployment plan? Yes, we have multiple use cases of the funds as you have already put out in our intimation and press release but strategic M&A is one area that we will shortly look at doing. We see a lot of attractive opportunities for the company and besides that funds for organic growth, for working capital etc. so it is going to be multiple use cases of these funds but strategic M&A has always been important for us.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

A massive blowout in costs at Bubs Australia was due to $17 million in marketing and travel expenses, as well as $2 million spent on legal fees and another $3.6 million outlay on consulting charges, the infant formula company’s annual report shows.

Bajaj Finance share price declined over a per cent in intraday trade on Thursday. The stock opened at ₹7,383.65 against the previous close of ₹7,383.65 and fell 1.07 per cent to the intraday low of ₹7,304.80 on BSE. Bajaj Finance's share price has gained 12 per cent this year so far (as of September 6 close).

Feeding animals is a common practice: It is a common practice in urban and rural areas to feed animals. The practice stems from traditions and in many households special rotis and rice are cooked to feed animals. As a result of this practice, animals like dogs, cats, and cows often settle or become regular visitors to places where humans settle.

auto stocks, whose fortunes will be aligned with the performance of the companies during this period, have come under the spotlight. Top brokerages along with analysts that ETMarkets spoke to remain gung ho on the prospects of the sector. A look at the Nifty Auto index’s performance over the past one year suggests that it has done better than Nifty50 and also outperformed Nifty IT, Nifty Bank, Nifty FMCG, Nifty Metal and Nifty Media during this period while underperforming Nifty Pharma and Nifty Realty. https://datawrapper.dwcdn.net/fER2n/2/" scrolling=«no» frameborder=«0» style=«border: none;» width=«600» height=«478» data-external=«1»> Kranthi Bathini, Director-Equity Strategy at WealthMills Securities opines that the outperformance of the auto sector will likely continue going ahead in the wake of the upcoming festive season. The strength in the economy, disposable income and the growing preference for big cars will see the auto industry sail comfortably through the season, Bathini said. The auto sales have been strong on a year-on-year and quarter-on-quarter basis with traction for sports utility vehicles (SUVs) growing among vehicle buyers, he said, while highlighting that the future is EVs (electric vehicles) and India is witnessing a transformational shift towards them. The WealthMills Securities Director remains bullish on Tata Motors, Mahindra & Mahindra and Maruti Suzuki among the OEMs while he is betting on Minda Corporation and Samvardhana Motherson International among the ancillaries.

record volumes in recent months, despite Western embargoes, dwindling domestic production and the risks of navigating the Black Sea, Russia’s crude shipments fell to 3m barrels a day (b/d) in August, some 800,000 lower than the April-May average and below pre-war levels. They are likely to remain sub-par. On September 5th Russia said it would extend a “voluntary" 300,000 b/d cut first announced for August to the end of 2023 (the baseline for this reduction is unclear).

Indian stock market is likely to open on a weak note following losses global markets. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading at around 19,630 level as compared to the Nifty futures’ previous close of 19,665.

dollar's strength will be difficult to overcome for most major currencies by year-end, according to a Reuters poll of forex strategists who said the risks to their greenback outlook were skewed to the upside. Backed by a strong economy and rising U.S. Treasury yields, some of the highest among developed economies, the dollar despite bouts of weakness has stayed resilient against most major currencies. Hitting a six-month peak as jitters over China and global growth weighed on risk appetite and expectations the U.S.

safe-haven demand amid a slowing Chinese economy keeps the dollar ascendant, a Reuters poll of FX analysts found. A stampede into the greenback pushed the wider index of emerging market currencies to its lowest in two weeks on Monday as U.S. Treasury yields and the dollar advanced on expectations interest rates will remain high. The dollar index has surged more than 5.0% since its 15-month nadir in July.

India is among the first in the world to regulate ESG rating providers and the country’s minimum requirement for funds to invest — according to their stated strategy — is “a high bar,” said Hannah Lee, JPMorgan’s head of ESG equity research for the Asia-Pacific region. “Where India stands out in terms of being trailblazing is probably its level of ambition and some of the thresholds that it has,” she said in an interview. India rolled out several measures over the past two years to regulate its market for green and other assets, most recently allowing domestic fund managers to launch plans under six types of ESG strategies.

Listed audiovisual networking business Audinate was making the most of its post-results rally, putting a $50 million capital raising to listed equities investors on Thursday morning.

In a recent publication by Pantera Capital, the firm delved into the concept of a "positive black swan" event in the blockchain industry. The term «black swan» traditionally refers to unpredictable events with potentially severe consequences. However, in this context, Pantera Capital highlights the positive implications of such events for the blockchain sector.

Creative Planning CEO and president Peter Mallouk said the giant registered investment advisor with $245 billion in client assets is building three lanes for the several hundred financial advisors and staff at the newly acquired RIA Personal Financial Management to allow them to move comfortably to Creative Planning in the next few months.

Apple is testing the limits of how much people will pay for premium iPhones as it tries to drive revenue despite slowing global demand for smartphones. The tech company is expected by analysts to raise prices by as much as $100 for some updated models of its flagship device when it unveils the iPhone 15 at an annual promotional event set for Tuesday. Those new iPhone Pro models are expected to include titanium casing, improved processors and photography features.

KYIV, Ukraine—Secretary of State Antony Blinken arrived in Ukraine on Wednesday in a visit aimed at signaling Washington’s support amid a slow-going counteroffensive and grumbling among some Republicans about the level of U.S. assistance for the country. Blinken is expected to announce more than $1 billion in additional aid for the country and to meet Ukrainian President Volodymyr Zelensky in the capital, a senior State Department official said.

The once-lucrative business of market-making in crypto, facilitating trades and profiting from the spread between buying and selling prices, has faced headwinds recently.

By Marcela Ayres and Bernardo Caram

Reliance Entertainment, and Shemaroo Entertainment are now unlocking a treasure trove on YouTube despite the platform yielding 30% lower revenues compared to SVoD services. The strategy proves beneficial by offering monetization opportunities for older titles that may not find buyers, and also offer viewers a chance to revisit classics. For instance, titles such as Ready and Bhool Bhulaiyaa are on the T-Series YouTube channel, and Johnny Gaddaar is on Reliance Entertainment’s channel.

(Reuters) — A Washington-based ethics watchdog filed a lawsuit on Wednesday to try to block Donald Trump from appearing on the ballot in Colorado next year if he wins the Republican presidential nomination, arguing that his actions on Jan. 6, 2021, disqualify him from office.