Asia

ICICI Bank's Q1FY21 net profit rises 36% to Rs 2,599 cr

Private sector lending major ICICI Bank reported a 36 per cent growth in standalone net profit of Rs 2,599 crore for the first quarter of 2020-21.

Jul 25, 2020

Wendell Huang, VP and Chief Financial Officer of TSMC

Taiwan's TSMC cuts off supply to Huawei - its second-priority customer; here's why

TSMC has taken a short-term blow with the U.S sanctions imposed on Huawei, but believes strong demand for 5G smartphones, infrastructure and high-performance computing applications will help fuel the growth engine, despite export ban and the Covid-19 pandemic.

Jul 18, 2020

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Sensex, Nifty rise as focus shifts to corporate earnings

The NSE Nifty 50 index rose 0.64% to 10,774.50 by 0511 GMT, while the benchmark S&P BSE Sensex climbed 0.67% to 36,570.32.

Jul 9, 2020

Sensex, Nifty rise on coronavirus vaccine hopes, financials lead gains

Indian shares rose in line with Asian peers on Thursday as investors clung on to hopes of a vaccine for COVID-19, while the central bank's move to improve liquidity at shadow lenders boosted financial stocks.

Jul 2, 2020

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Indian shares rise on recovery hopes, Nifty set for best quarter in 11 years

Indian shares rose on Tuesday, June 30 with the benchmark index set for its best quarter since 2009, as upbeat U.S. and China data renewed economic recovery hopes, while investors awaited PM Modi's speech later in the day.

Jun 30, 2020

Gold set for third straight weekly gain as virus cases soar

Gold prices edged higher on Friday and were headed for a third weekly gain on worries about rising coronavirus infections worldwide, although a firm dollar and a gain in equities blunted safe-haven demand.

Jun 26, 2020

Boycott of Chinese goods may not be feasible, Indian exporters say

A boycott of goods from China may not be feasible as India is dependent on such imports, although New Delhi should try to cut its dependence on them, India's top export promotion grouping said on Thursday, June 25.

Jun 25, 2020

Nifty, Sensex adrift as gains in defensives even out dour IMF outlook

Indian stocks swung between gains and losses on Thursday, June 25 after the International Monetary Fund slashed its growth outlook for the country and forecast a deeper global recession, with gains in consumer and pharma stocks offsetting losses.

Jun 25, 2020

Gold hits one-month peak as rising virus fears boost demand

Gold jumped to its highest in more than a month on Monday, June 22 as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery.

Jun 22, 2020

Anuj Puri shares important tip on house-buying

Is it safe to buy or invest in residential property in India; top real-estate expert clarifies

Anarock Property Consultants chairman Anuj Puri answers a million-dollar-question on whether to invest in a residential property or not in the current times of coronavirus pandemic. Read on to find out.

Jun 20, 2020

Gold slips as dollar firms amid second wave of coronavirus infections

Gold prices dropped on Monday, June 15 as the dollar hovered close to a more than one-week high, despite fears of a second wave of coronavirus infections in Beijing denting risk appetite. Spot gold was down 0.5% at $1,720.56 per ounce as of 0640 GMT.

Jun 15, 2020

Nifty, Sensex fall as economic package fails to impress; Reliance rises

Indian shares slipped on Monday, May 18 as investors were unimpressed by the government's economic relief measures and coronavirus cases continued to rise steadily, while a boost in Reliance Industries and Cipla limited losses.

May 18, 2020

Warren Buffett's Berkshire dumps Goldman holdings; trims other investments

Warren Buffett's Berkshire Hathaway has made some major changes in its holdings, including dumping majority stakes in Goldman Sachs.

May 16, 2020

Oil prices climb as Saudi Arabia pledges further production cut

Oil futures rose on Tuesday, May 12, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus pandemic crushed fuel demand.

May 12, 2020

#Mutualfundsahinahihai trends on Twitter: Are MFs safe investments?

Some even recommended to pull out money from Mutual Funds and invest in other savings schemes like Bank Deposits and Fixed Deposits.

May 11, 2020

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