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Investing.com — Crude oil prices rose Monday, on track for the biggest monthly gains in over a year on expectations of a further tightening in supply as well as U.S. growth optimism.

Deepak Shenoy, Founder, Capital Mind, says “PE ratio at the smallcap index is less than that of midcap or the largecap indexes. They have shown earnings growth that have come at a fast clip. In the last six months, we have seen some stock price rises.

A new reactor at a nuclear power plant in Georgia has entered commercial operation

While there’s no way to guarantee you’ll completely avoid financial scams, there are steps you can take to reduce your chances of falling for one

US equities are tracking the same path they did in 2019, which was one of the best years for the S&P 500 over the past decade as it handed investors a 29% return, according to Morgan Stanley’s staunch bear, Michael Wilson.

Dhanlaxmi Bank shares jumped over 11% on the NSE on Monday after the private lender reported a net profit of Rs 28.30 crore in the quarter ended June 30 versus a loss of Rs 26.43 crore it reported in corresponding period of the previous financial year. The earnings were announced on Monday during the market hours. The stock traded amid high volumes with nearly 1.26 crore shares changing hands on the NSE.

GST evasion involving Rs 14,302 crore were detected in the first two months of the current fiscal, while Rs 5,716 crore was recovered during the period, Parliament was informed on Monday. Finance Minister Nirmala Sitharaman in a written reply in the Lok Sabha gave details of Goods and Services Tax (GST) and income tax evasion, as well as detection of outright smuggling by the Customs department. As per the data, GST evasion of over Rs 2.68 lakh crore was detected in 43,516 cases between 2020-21 and 2023-24 (April-May).

Saudi Arabia's gross domestic product (GDP) grew 1.1 per cent in the second quarter, according to government estimates released on Monday, supported by an increase in non-oil activities, although overall growth decelerated sharply from the prior-year period. The Saudi economy grew 8.7 per cent last year, among the fastest in the G-20, as high oil prices boosted revenue and led to the kingdom's first budget surplus in almost 10 years. But most growth forecasts for this year have been revised downwards on lower oil prices and the probability of prolonged oil production cuts. Oil activities declined by 4.2 per cent in the second quarter, year-on-year, weighing on overall growth, although non-oil activities expanded 5.5 per cent, data from the General Authority for Statistics showed. Real GDP growth in the second quarter of last year stood at 11.2per cent, buoyed by an increase in oil activities of almost 23per cent.

Gold prices in UAE dipped today, tracking a similar trend in global markets but the yellow metal is set to close the month on a strong note. According to Dubai Jewellery Group, the 24K was today trading at 236.75 dirhams per gram, down from last week's close of 237.25 dirhams per gram last week. 22K and 18 K gold were trading at 219.25 dirhams per gram and 181.75 dirhams per gram respectively.

West Indies in the second ODI at Bridgetown, Barbados on Saturday, their first loss to Windies since 2019, has sparked debates over the team's experimentation with its batting line-up. During the first ODI, skipper Rohit Sharma batted at No. 7, a position he hasn't occupied since 2011.

carbon emissions of their shipment. Through this new tool- FedEx Sustainability Insights (FSI), can measure carbon footprint of their shipments within the FedEx network. They can use the data to help make informed decisions on their future shipping strategy to reduce their impact on the planet.

₹3,511 crore. This performance provides confidence that the state-owned aerospace and defence company is on track to meet its FY24 revenue growth guidance of 17%. Gross margin stood out as a particularly positive surprise in the June quarter, reaching 43.5%.

«I am willing to tell you with reasonable confidence that before October or November this year, fabs will be approved. This will be fab manufacturing, the actual wafer fab,» Chandrasekhar told TOI. Global companies recently visited Gujarat for ‘Semicon India 2023’ to expand semiconductor production in India. Companies will invest because of a strong demand curve for the precious commodity and as the country emerges as a trusted partner in the electronics ecosystem, said Chandrasekhar to TOI. «Electronics in India is now reaching a critical mass, and the target that we have set out for is $300 billion by 2026. We are on track to achieve this… This would result in a massive need for semiconductors, which we estimate to touch $110 billion by 2029,» said the minister.

Investing.com — European stock markets are expected to open largely unchanged Monday, as investors digest weak Chinese business activity data ahead of the release of eurozone growth and inflation data.

₹3,350 crore and strong business development of nearly ₹12,000 crore. The stock rose 2.75 per cent in the following session on July 28. However, the company's consolidated net profit for Q1FY24 fell to ₹179.2 crore from ₹271.3 crore year-on-year (YoY).

(Reuters) — A look at the day ahead in European and global markets from Wayne Cole.

The biomedical industry is adopting new standards to protect a primordial sea animal that is a linchpin of the production of vital medicines

The Reserve Bank should urgently be handed more powers to curtail the growing influence of technology companies in finance, Commonwealth Bank has urged in its submission to a Treasury review of payments.

Taiwan into an «ammunition depot» after the White House announced a $345 million military aid package for Taipei, and the self-ruled island said Sunday it tracked six Chinese navy ships in waters off its shores. China's Taiwan affairs office issued a statement late Saturday opposing the military aid to Taiwan, which China claims as its own territory.

Gold prices were bound to post their biggest monthly rise in four on Monday, helped by growing expectations that major central banks may be nearing the end of current monetary policy tightening cycles in their fight to rein in inflation. FUNDAMENTALS * Spot gold was down 0.2% at $1,956.02 per ounce by 0110 GMT, while U.S. gold futures slipped 0.3% to $1,955.40 per ounce.

By Rae Wee