Crude plunges to fresh six months low

Crude oil futures plunged on Wednesday to end at fresh six years low, after official weekly crude oil inventory data from the US Energy Information Administration (EIA) showed stockpiles to have increased more than expected last week. Traders were also concerned about the minutes from the FOMC latest meeting, which showed the Federal Reserve is

FIIs stood as net sellers in equities as per August 3 data: NSDL

The FIIs as per Monday’s data were net sellers in equity segment while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 5594.24 crore against gross sell of Rs 5819.42 crore. Thus, FIIs stood as net sellers of Rs 225.18 crore

Rupee ends stronger on Monday along with equities

Snapping its two days losing streak, Indian rupee strengthened on Monday on fresh selling of the dollar by exporters amid fall in global crude prices. Further, a weakness in US greenback against some major currencies overseas and gains in the domestic equity market too supported the rupee. Though, traders were eyeing the Reserve Bank of

US markets closed higher snapping 5-day slump

The US markets closed higher on Tuesday, snapping a five-day losing streak in the main US indexes. Investors brushed off softer economic reports, while focusing on the two-day Federal Reserve meeting, which kicked off on Tuesday and concludes on Wednesday with a policy statement. The expectations for a September hike have faded recently, partly because

Lupin acquires specialty portfolio from German company

Pharma Major Lupin has entered into a strategic asset purchase agreement with Temmler Pharma Gmbh & CO. KG (Temmler), a part of the Aenova Group, one of the world’s largest pharmaceutical contract manufacturers, to acquire Temmler’s specialty product portfolio subject to certain closing conditions. Based in Marburg (Germany), Temmler has a fast growing specialty portfolio

US markets extend southward journey for fourth straight session

Extending their southward journey for fourth straight session, US Markets ended the Friday’s session with a cut of around a percentage point. Sentiments remained downbeat with report from the Commerce Department showing new home sales unexpectedly fell to their lowest level in seven months in June. The new home sales tumbled 6.8 percent to an

Crude oil price of Indian basket falls 0.7% to USD 56.01 bbl

The International crude oil price of Indian Basket declined 0.70% to USD 55.62 a barrel (bbl) on Jul. 8, 2015 as against USD 56.01 a bbl on Jul. 7, 2015. In rupee terms, the price of Indian Basket decreased to Rs 3,535.76 a bbl on Jul. 8, 2015 as compared to Rs 3,549.35 a bbl

Greece to submit concrete proposals to European Union: Alexis Tsipras

Clash between the Greece government and European Union leaders came to an end after the Greece Prime Minister Alexis Tsipras said on Wednesday his government will submit concrete proposals to secure bailout from European Union in the next 2 to 3 days. He said his government has sent a crystal clear message. Earlier on Tuesday,

US says only 60 Syrians being trained to fight IS

WASHINGTON: Only about 60 Syrian rebels are being trained by the United States to take on the Islamic State group, Defense Secretary Ashton Carter said today, admitting it was far below the number hoped for. The disclosure is likely to add to criticism of the Obama administration’s military strategy, with US Senator John McCain saying

Rupee ends marginally higher by 3 paise

In restricted trading, the rupee ended marginally higher by three paise to 63.61 against the American currency on mild selling of dollars by banks and exporters on hopes of foreign capital inflows into equity in view of strong equity market. The rupee opened lower at 63.66 per dollar at the Interbank Foreign Exchange (forex) as