Foreign financial firm Morgan Stanley is of the view that the Indian market is set to see more foreign funds after the confirmation on the implementation of the FPI limit increase. Besides, this sets the stage for MSCI India's weight to rise in MSCI's May 2020 review. … [Read more...] about Media, insurance top FPI picks of FY20; will the trend continue?
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On June 9, 2019, there was a massive fire at Well No. 5 at the Baghjan oil field in Assam’s Tinsukia district. Barely two weeks earlier, the same oil well operated by state-owned Oil India Ltd (OIL) had a major accident on May 27, when there was a blowout during routine work. The massive blaze on June 9 was so extensive that it could be seen from a distance of 30 km; a thick-black pall of smoke billowing from the well engulfed the area. Two firefighters died in the blast, and thousands of people living in the vicinity had to be shifted to a relief camp. One of the factors for concern was the proximity of the oil field to the Dibru-Saikhowa National Park, which is rich in biodiversity and home to 36 species of mammals and 400 species of birds. After the initial blowout, when natural gas and oil seeped from the well, there were quite a few carcasses of marine animals that were discovered, including those of the critically endangered Gangetic Dolphins. … [Read more...] about Why EIA 2020 is a sure-shot recipe for more environmental disasters
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Buy GAIL (India); target of Rs 119: Geojit
The city grew around the world’s largest iron ore deposits. As the mines that exploit them grow, the city itself is cracking and sinking. Now, the mining company that first brought people to the area will buy up the entire city center, knock it down, and rebuild it three kilometers away. The final cost is unknown, but the city of Kiruna says that the company, Luossavaara-Kiirunavaara Aktiebolag (LKAB), has already designated 6 billion Swedish Kronor (around $700 million) for the project. … [Read more...] about An Entire Swedish City Is Getting Moved To Stop It From Falling Into A Mine
Here are answers to a few queries that were asked on Facebook by viewers of our chat show with Kayezad Adajania, Editor – Personal Finance, Moneycontrol. The answers/advises on the queries comes from Vishal Wagh, Research Head, Bonanza Portfolio Ltd. … [Read more...] about Ask Moneycontrol: Experts answer reader queries on IOC, ONGC and other stocks