Oil prices started gaining since the start of the previous year and it went up to $66.60 a barrel by April. This was due to an attack on Saudi Arabian oil tankers at the most important oil transport waterway. This incident created hostilities between western countries and the Middle East. … [Read more...] about Crude oil in Indian futures market rose 38% in 2019: Where is it headed now?
THDCIL's total installed power generation capacity is 1,513 MW. It has two hydro power generating stations -- Tehri (4X250 MW) and Koteshwar (4X100 MW) and two operational wind power plants in Gujarat -- one at Patan (25X2 MW) and another at Devbhumi Dwarka (30X2.1 MW).Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about NTPC may not conclude THDCIL, NEEPCO acquisition deal this fiscal: Source
The company had said in November 2019 that it would close down its loss-making Saldanha Works due to various factors, including a global downturn in the steel market and a reduction of the plant's export edge due to high costs of electricity, rail transport and price regulation. … [Read more...] about ArcelorMittal SA heads for huge loss; to shed 1,000 jobs
There is the expectation that the Finance minister may relax the personal income tax slab rates. Currently, there is no tax for individuals with income up to Rs 5 lakh (after considering rebate). However, the basic exemption limit has not increased from Rs 2.5 lakh to Rs 5 lakh. As per statistics released by the tax department in October 2019, over 97 lakh individual taxpayers returned income between Rs 5 lakh and Rs 10 lakh and the revenue collected from these taxpayers was more than Rs. 45,000 crore. … [Read more...] about Expectations of a common man from Budget 2020
"Going ahead, markets are likely to be volatile due to monthly F&O expiry just ahead of the Union Budget that would be presented towards the end of the elongated week. Also, stock-specific action is likely to continue with the ongoing results season which has been mixed so far. … [Read more...] about Earnings, global cues, pre-Budget expectations to drive markets this week: Analysts