Welcome to the blog live from the Palais de la Monnaie. Click on this section for the latest news and updates about the fairs.
10. June 2020, 11:38:19 IST
Investors will get more clarity about the BMI-SBI.
Investors in BMI-SBI cards and payment services have performed poorly since the introduction of the IPO scenario earlier this year. The shares are still trading at approximately 19% below the issue price. Actually, the company left on the 16th. The shares were floated on the stock exchange in March at a discount of 13% on the issue price.
But now the company seems to have reached a turning point where the blockade has been considerably eased. The stake in the SBI card increased by 11% this month, indicating that a turning point has now been reached.
10. June 2020, 11:28:28 IST
Wipro introduces thesolution for companies without borders.
IT-Master has announced the establishment of its company BoundaryLess.
Enterprise solution (BLE) based on the product portfolio of VMware Tanzu. As part of the integration of the latest VMware innovations into the BLE, Wipro is also a development partner in the VMware Tanzu portfolio, of which VMware is part: Tanzu Mission Control, Tanzu Kubernetes Grid, Tanzu Service Mesh and others.
10. June 2020, 11:16:51 IST
JSW Energy performers retire
The company, headed by Sajjan Jindal, announced that Sharad Mahendra has been a member of the Sharad Mahendra family since the 10th century. He resigned as an Executive Director on 1 June because he will take on other responsibilities within the JSW group.
10. June 2020, 11:08:06 IST
Fines to be recovered by the bank under Sectionat least
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10. June 2020, 11:05:17.
Holiday lowers Indianabula property reviews
Care Ratings downgraded Indiabulls Real Estate’s long-term rating to CARE A, due to the challenges facing the real estate sector and the likely impact of the Covid 19 pandemic.
10. June 2020, 10:53:23 IST
Panacea Biotech communicates with US Refana
Panacea Biotech has worked with the American company Refana.
Inc. to support the development, production and worldwide distribution of the Kovid 19 vaccine. Under the cooperation, Panacea Biotec will produce the vaccine through a joint venture (JV) based in Ireland. On ₹202.80 on the stock exchange (BSE), the company’s share was 20%.
10. June 2020, 10:47:46 IST
Rupina opens above
The Indian rupee opened 11 breaks up to 75.50 against the US dollar, up from an earlier closing of 75.61.
10. June 2020, 10:45:09 IST
Gasoline and diesel prices rose for the fourth consecutive day
In the oil sector, petrol and diesel prices rose by 40 pence per litre and 45 pence per litre respectively. This is the fourth consecutive hike since Sunday, after a break of more than 80 days. Over the past four days, the price of gasoline has risen by ₹2.14 per litre and that of diesel by ₹2.23 per litre (Delhi rates).
10. June 2020, 10:14:48 IST
Cipla acquires 22% of the shares of GoApptiv
The pharmaceutical company has signed an agreement with GoApptiv to acquire a 21.85% stake in GoApptiv on a fully diluted basis. The recovery will take place in two phases and will be evaluated at ₹9. Cipla will strengthen its partnership with GoApptiv to reach more than 3 cities with its end-to-end solutions for brand marketing and channel engagement.
10. June 2020, 09:55:53 IST
Adani Green energy jumps 5%
The shares of Adani Green Energy rose by nearly 5% due to BSE on ₹328.35, as Adani Group President Gautam Adani stated on a conference call that there was a chance to weaken a 10-15% stake in the company and that some had shown interest in buying a share. The company’s goal is to win 10 GW projects in six to eight months.
10. June 2020, 09:51:03 IST
Mixed sensory components
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10. June 2020, 09:47:42 IST
Despite Nifty’s positive opening this morning, I’d like to take a cautious stance. It may be closer to 10,200, which could play a role of resistance. From these levels you can trade with the 9,950 target at short notice. I advise traders to be cautious about their positions, says Manish Hathiramani, private index trader and technical analyst at Dane Dayal Investments.
10. June 2020, 09:45:42 IST
Hero MotoCorp falls on low emission Q4
Held MotoCorp shares fell by 1.8% at ₹2 343.00 due to BSE, with the largest automaker posting a weak performance in the March quarter. Net profit in the automotive sector fell 15% in the March quarter compared with a year ago on ₹620.7 Crore. Operating income also decreased by 20.8% year-on-year and amounted to 238.4 crores for the January-March 2020 financial year at ₹6.
10. June 2020, 09:19:53 IST
The Indian stock market is open.
10. June 2020, 09:19:23 IST
Asian mixed shares
Asian stocks out of 10. Successive meetings have proved successful, but as the Federal Reserve approached the meeting, it again doubted whether the pandemic would reach global proportions. The sideways movement of equities limits the growth of the stock market in 2 weeks, fuelled by Friday’s data showing a completely unexpected increase in U.S. employment last month.
10. June 2020, 09:00:17 IST
Crude oil price list
Crude oil fell to $38 a barrel after a report from the U.S. industry reported an unexpected increase in crude oil reserves, raising new concerns about oversupply. Futures trading in New York fell by 1.9%, reversing almost all results from the previous meeting. The American Petroleum Institute (API) reported that reserves increased by 8.42 million barrels last week, according to those familiar with the data. If Wednesday’s government data confirms this, this would be the largest building since the end of April.
10. June 2020, 08:56:31 IST
Gold prices continued to rise as global equity markets weakened after the recent rally, while US Treasury yields fell as the Fed meeting is expected to shed light on the economic situation and further stimulate the economy. Spot Gold was up 0.1% to $1,715.43 per ounce from 0,248 GMT after Tuesday’s best day of the month’s announcement. U.S. gold futures also rose 0.1% to $1,723.60.
10. June 2020, 08:55:06 IST
Dow Jones, S&P 500-slide
The Dow Jones industrial average fell by 300.14 points, or 1.09%, to 27,272.3, while the S&P 500 fell by 25.21 points, or 0.78%, to 3,207.18. However, the Nasdaq Composite increased by 29.01 points, or 0.29%, to 9,953.75 points after breaking the 10,000 point barrier for the first time.
10. June 2020, 08:34:19 IST
US shares closed the year with mixed results; the Nasdaq reached a record high of
The S&P 500 and Dow Jones fell Tuesday, while the Nasdaq finished the second day in a row at a record high after briefly exceeding 10,000. The last two days of the year, attention was focused on the Federal Reserve. The federal government started with a two-day meeting. Although no major policy statements are expected when the U.S. Federal Reserve closes on Wednesday, investors will carefully consider their comments on the health of the economy, which will be reopened after the coronavirus-related closure.