Seven Of Top 10 Firms Lose Rs 1.34 Lakh Crore In Market Cap; RIL Biggest Laggard

The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries Ltd. taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26% amid an overall weak trend in equities. Barring Hindustan Unilever Ltd., Bajaj Finance Ltd. and ITC Ltd., others in […]

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Natural Gas Price To Rise To Record Level This Week

Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. The government-dictated price for natural gas produced in the country is to be revised on Oct. 1. After factoring […]

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Value Is In Capex-Oriented Companies, Says SageOne Investment’s Samit Vartak

Vartak said the domestic-oriented portfolio is geared towards capex, while export-oriented include the “niche” pharmaceutical segment and real estate. The valuations, he added, for these segments are pretty reasonable. “I wouldn’t say that they are really attractive or really expensive, they are somewhere between, which is fine,” Vartak said. This because the fundamentals are “way […]

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UK Market Plunge Sparks Talk of Emergency BOE Rate Hike

“The market is giving very strong signals that it is no longer willing to fund the UK’s external deficit position at the current configuration of UK real yields and exchange rate,” Saravelos wrote in a note, adding the view is his own, rather then the view of Deutsche Bank economists. “The policy response required to […]

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U.S. Gives Lift To Iran Protesters, Easing Internet Curbs

(Bloomberg) — The Treasury Department is easing restrictions on internet services to Iran as protests roil the country, widening access to social media and other tools in a move that officials said is meant to increase the flow of information for ordinary people. Continue Reading. Read more on Bloomberg by BloombergQuint. Source link

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Leaked Study Shows Exxon, Partners Overspent by $138 Billion

(Bloomberg) — Oil and natural gas projects that Exxon Mobil Corp. invested in between 1998 and 2017 ended up costing $138 billion more than early-stage estimates, potentially due to mismanagement by operators and poor planning, according to an internal analysis seen by Bloomberg. The 2020 study, reviewing 110 projects in which Exxon took a stake over two decades, suggested two […]

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Liz Truss's Radical Economics May Be A Gift For Labour

(Bloomberg Opinion) — Who is the real “change candidate” after 12 years of Conservative government in the UK: Keir Starmer, the leader of the opposition Labour party? Or Liz Truss, the fourth successive Tory prime minister?  Continue Reading. Read more on Bloomberg by BloombergQuint. Source link

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