BUSINESS
Onion prices dip after hike in minimum export price: Govt
"The Government’s decision to impose Minimum Export Price of $800/ton on onion with effect from 29th October 2023 till 31st December 2023 to discourage exports and maintain availability in domestic markets has shown an immediate impact of price correction in Maharashtra markets, where prices recorded a decline of 5 per cent to 9 per cent from the highest price registered during last week," an official statement said.
Nifty ends higher for second consecutive day
At close, Nifty was up 0.49 per cent or 93.7 points at 19140.9. Volumes on the NSE were the lowest since October 9, said Deepak Jasani, Head of Retail Research, HDFC Securities.
Oil prices fall again as Israel-Hamas conflict deepens
Brent crude, the global oil benchmark, fell by 1.2 per cent to $89 a barrel, and West Texas Intermediate (WTI) crude, the US benchmark, dropped by 1.3 per cent to trade at $84 a barrel. Last week, Brent fell by 1.8 per cent and WTI by 3.6 per cet.
Vistara launches direct flight to Hong Kong
The inaugural flight, operated on Vistara’sA321neo aircraft, commenced from Indira Gandhi International Airport, Delhi at 9.05 p.m on Sunday and arrived at Hong Kong International Airport on Monday.
Shares of Mahindra & Mahindra Financial slump more than 11% after weak results
M&M Financial Services was down 11.65 per cent on BSE at Rs 245.
Investment portfolio with 50% Equity: 50% Debt can generate meaningful wealth creation in the long term
A 50 per cent Equity: 50 per cent Debt portfolio has the potential to generate meaningful wealth creation in the long term, as demonstrated by the 12 per cent CAGR that this combination has generated over the period of analysis by Motilal Oswal Private Wealth.
Solar cushion helps India’s green energy firms to offset wind shortfall: Moody’s
Rated issuers have adequate financial headroom in their credit metrics to absorb the moderate project underperformance, the report states.
Nirmala Sitharaman calls for inter-governmental cooperation to prevent smuggling
"It is important for all governments to know how to deter smuggling and activities which are endangering our wild fauna and flora. Deterrence is what is going to help, and in which we are at an advantage as enforcement agencies because of the advantage of technology," she said while addressing the Global Conference on Cooperation in Enforcement Matters organised by the Directorate of Revenue Intelligence.
Thieves steal $100K worth of items from Apple store in US: Report
On October 24 morning, five suspects entered the Apple Store located on Burlingame Avenue, California and stole a number of undisclosed Apple items, reports Kron4. As per the Burlingame Police Department, the five suspects fled in a grey BMW X5 SUV with no license plate after stealing the products.
Reliance Industries leads Sensex gains
The other major factor impacting the markets -- the elevated US bond yields -- also will remain a short term concern since the Fed is likely to continue its hawkish stance in the light of the resilience of the US economy and inflation (3.7 per cent) remaining above the Fed’s target. So watch out for the Fed’s message on November 1 even while it holds the rate as the market expects, he said.
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