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In Fight With Amazon, Future Retail Sees Liquidation If Reliance Deal Fails
Reuters | Tuesday October 27, 2020Amazon on Sunday won an injunction from a Singapore arbitrator to halt FRL's deal to sell assets to Reliance, alleging that FRL had breached certain contract provisions it entered into last year in a separate deal with the U.S firm. -
Petrol, Diesel Prices Unchanged On Tuesday
Edited by Peter Noronha | Tuesday October 27, 2020In Delhi, the price of petrol remained at Rs 81.06 per litre on October 26, and diesel at Rs 70.46 per litre. In Mumbai, petrol and diesel rates were Rs 87.74 per litre and Rs 76.86 per litre respectively. -
Sensex, Nifty Likely To Open Firm
Edited by Peter Noronha (with inputs from agencies) | Tuesday October 27, 2020Australia's ASX 200 opened down about 0.6 per cent, while Japan's Nikkei 225 futures were up 0.04 per cent and Hong Kong's Hang Seng index futures were up 0.1 per cent. -
Gold ETFs Or Bonds: Which Is Better And When?
Edited by Sandeep Singh | Tuesday October 27, 2020Wealth planners say gold should not be viewed as a short-term asset, and any investment in the yellow metal should only be made with a long-term outlook. -
Gold Price Today: Domestic Gold Futures Recover Early Losses To Reclaim Rs 51,000 Mark
Edited by Sandeep Singh (with inputs from agencies) | Monday October 26, 2020Gold Price In India Today: Domestic spot gold closed at Rs 51,238 per 10 grams excluding GST, according to the Mumbai-based India Bullion and Jewellers Association (IBJA). -
OPEC Chief Says Does Not Expect Renewed Oil Collapse
Reuters | Monday October 26, 2020OPEC's Mohammad Barkindo was giving a speech at the virtual India Energy Forum by CERAWeek. -
Global Stocks Dip On Surging Coronavirus Cases, Stimulus Doubts
Reuters | Monday October 26, 2020The United States has seen its highest-ever number of new COVID-19 cases in the past two days. France also set case records and Spain announced a state of emergency. -
AirAsia Group Lowers Malaysia Market Recovery Expectations
Reuters | Monday October 26, 2020AirAsia Group's biggest market, it said it saw a 52 per cent increase in domestic capacity in September compared to 40 per cent in July. -
Sensex Slumps 540 Points, Nifty Ends Below 11,800; Metal Shares Worst Hit
Edited by Abhishek Vasudev | Monday October 26, 2020All the 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Metal index's 3.5 per cent fall. -
Your 10-Point Guide To Amazon Vs Reliance On Future Retail
Edited by Peter Noronha (with inputs from agencies) | Monday October 26, 2020Future Retail said on Monday that it was examining an order against its deal with Reliance Industries after an arbitration panel put on hold its Rs 24,713-crore asset sale to the conglomerate led by billionaire Mukesh Ambani. Billionaire Kishore Biyani-led Future Group also said it will take steps in enforcement proceedings to close the deal without delay, sending its shares down over 3 per cent, and Reliance Industries over 2 per cent, weighing on the broader domestic markets. The news comes as US-based e-tailer Amazon and conglomerate Reliance Industries battle for dominance in the country's retail sector. -
Kotak Mahindra Bank Profit Rises 27% In September Quarter
Edited by Abhishek Vasudev | Monday October 26, 2020Kotak Mahindra Bank share price: Kotak Mahindra Bank's net interest income, difference between interest earned on loans and interest expended on deposits rose 17% to Rs 3,913.21 crore. -
Sensex Ends 540 Points Lower, Nifty Gives Up 11,800 Amid Broad-Based Selloff
Edited by Sandeep Singh (with inputs from agencies) | Monday October 26, 2020Domestic share markets suffered sharp losses on Monday, tracking a global selloff amid surging coronavirus cases in Europe and the US. The S&P BSE Sensex index slumped 737.21 points - or 1.81 per cent - to hit 39,948.29 at the weakest level recorded during the session, and the broader NSE Nifty 50 benchmark slid to as low as 11,711.70, down 218.65 points - or 1.83 per cent - from its previous close. A selloff across sectors - led by banking, financial services, automobile and metal stocks - dragged the markets lower. -
Sensex Slumps Over 700 Points, Nifty Below 11,750; Auto, Metals Worst Hit
Edited by Abhishek Vasudev | Monday October 26, 2020All the 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty metal index's nearly 3 per cent decline. -
As Amazon Wins Order To Stall Deal, Reliance Retail and Future Group Push Back
Edited by Peter Noronha | Monday October 26, 2020Amazon wins Rs 24,713 crore Reliance-Future Deal: The Singapore-based single-judge arbitration court had restrained Future Retail from selling its retail business to Reliance Industries for Rs 24,713 crore. -
JSW Steel Falls After Profit Declines 42% In September Quarter
Edited by Abhishek Vasudev | Monday October 26, 2020JSW Steel's revenue sales advanced 12 per cent to Rs 16,487 crore versus Rs 14,752 crore in the same period last year.
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