Speculators largely bet on oil in anticipation that the vulnerabilities in the security of the key oil shipping passage may dent export. In addition, the armed drone attacks by Yemen’s Houthi Rebels at Saudi oil installations have also lifted the sentiments of oil. … [Read more...] about Crude oil in Indian futures market rose 38% in 2019: Where is it headed now?
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The street has wide expectations from the Finance Minister Nirmala Sitharaman including restructuring in Securities Transaction Tax (STT), long-term capital gain tax, distribution tax, cut in personal income tax, positive measures to industries, schemes for rural market to boost consumption, large-scale disinvestments of PSUs, steps to implement the next phase of Direct Benefit Transfer (DBT) etc. Sector-specific goodies could also be on the cards for segments like agriculture, housing finance, auto, infra, realty etc. … [Read more...] about Market Week Ahead: 10 key things that will keep traders busy this week
ArcelorrMittal South Africa (AMSA), the South African subsidiary of global steel magnate Lakshmi Mittal, has said it would report a R4 billion (about $2,8m) headline loss for the year ended December 2019, with plans to shed 1,000 jobs finalised as part of its cost-cutting measures. … [Read more...] about ArcelorMittal SA heads for huge loss; to shed 1,000 jobs
Around 15-20 launches in the EV space have already been announced, he added. Besides Tata Motors, companies like Mahindra & Mahindra, Hyundai and MG Motor have introduced electric models in the country.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 Eyeing leadership position in electric vehicle segment: Tata Motors