Investing

Reliance Industries has agreed to purchase two million barrels of Canadian heavy crude per month, three industry sources said, as a substitute for dwindling Venezuelan supply. The deal, large for Canada, shows how global buyers are scrambling for new sources of heavy oil. Venezuela's production has collapsed over the last several years, and US sanctions have squeezed its ability...

Domestic share markets soared more than 2 per cent on Friday, bouncing back from their longest losing streak since February. The S&P BSE Sensex index rose 803.37 points - or 2.20 per cent - to 37,356.97 at the strongest level of the day, and the broader NSE Nifty 50 benchmark climbed to as high as 11,039.50, up 233.95 points -...

Equity benchmark Sensex plunged over 600 points in early trade on Thursday, tracking massive sell-off in global stocks amid heavy foreign fund outflow. After sinking 609.63 points, the 30-share index was trading 571.26 points or 1.52 per cent lower at 37,097.16, and the NSE Nifty cracked 169.40 points or 1.52 per cent to 10,962.45. All Sensex components were in the red...

Billionaire Mukesh Ambani-led Reliance Industries said on Wednesday that the US-based investment firm KKR will buy a 1.28 per cent stake in its retail arm, Reliance Retail Ventures, for ₹ 5,550 crore. The transaction gave Reliance Retail an equity value of ₹ 4.21 lakh crore, Reliance Industries said in a regulatory filing before market hours on Wednesday. The deal...

Sebi chief Ajay Tyagi on Tuesday said the markets regulator is not forcing anyone to invest in small-caps and investment should always be in the interest of investors amid new portfolio allocation rules for multi-cap mutual fund schemes. He further said multi-cap mutual fund schemes should be "true to label". The regulator, earlier this month, directed multi-cap funds to invest at...

Gujarat Chief Minister Vijay Rupani on Thursday pitched for close cooperation with the US in giving impetus to startups and asserted that the rich diaspora of Gujaratis in America was a testimony of growing mutual trust between the two countries. Addressing the US-India Strategic Partnership Forum through video conferencing, Rupani said Gujarat's 'sister state' agreements with New Jersey and...

VA Tech Wabag, a company engaged in water treatment has been in focus as several high net worth individuals (HNIs) invested into the company. VA Tech Wabag has approved an issue of 7.5 million shares on preferential basis to 3 marquee investors and raised a total of `120 cr. Among them, veteran investor Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala invested...

Among the various types of investments in the market today, balanced funds or hybrid funds are characterised by their diversification among two major asset classes. They’re a type of mutual fund whereinhalf the investment is directed towards equity and related instruments while the other half is invested in debt instruments.Of this, the equity portionof balanced funds is inclined towards...

Mumbai: August, 2020: Axis Securities, a proud subsidiary of Axis Bank, announces the launch of Global Investing - a smart solution for Indian retail investors to add the best of US stocks to their portfolio. Axis Securities has partnered with Vested Finance, an online investment platform that enables Indian investors to invest in the US stock market....

NEW DELHI, 30 July 2020: Mr Sanjay Kumar Shukla, Principal Secretary, Industrial Policy and Investment Promotion, Madhya Pradesh Government yesterday said, “The government, law enforcement agencies, industry and consumers must come together to identify the gaps and act in a coordinated way to address counterfeiting and smuggling.” Addressing a webinar ‘Combating Counterfeiting and Smuggling during the COVID-19...