JPMorgan sees Chinas crude imports rebounding from August after an eight year low, trims long term fuel demand outlook, and highlights PetroChina, Nan Ya Plastics and LG Chem as key picks China’s crude oil imports are set to recover from August after plunging to their lowest level in eight years during the West Asia conflict,…
Shares of liquor manufacturers rallied in Thursday’s trade after reports indicated that the India-UK Free Trade Agreement (FTA) is set to come into effect from July 15, paving the way for a significant reduction in import duties on Scotch whisky and gin. Shares of United Spirits, Radico Khaitan, Allied Blenders & Distillers, and Tilaknagar Industries…
Textile stocks such as Gokaldas Exports Ltd., Welspun Living Ltd., and others are trading with gains of up to 4% on Thursday, June 18, as the India-UK free trade agreement (FTA) becomes effective from July 15, 2026. India-UK FTA As part of the FTA, UK import duties on textile and garments, which were earlier between…
Lloyds Engineering Works Ltd on Thursday announced the acquisition of an 88.12% stake in Steel Infra Solutions Company Ltd (SISCOL) in a transaction valued at approximately ₹1,073 crore, marking one of the largest deals in the engineering and infrastructure space this year. The acquisition will be carried out through a combination of cash and share…
The equity benchmark indices BSE Sensex and NSE Nifty extended gains for a fifth consecutive session on Thursday (June 18), with broader markets outperforming and banking stocks lending support to the rally. The Sensex rose 254 points to close at 77,410, while the Nifty gained 82 points to settle at 24,168, ending above the 24,150…
The initial public offering (IPO) of insurtech platform Turtlemint opens for subscription on June 19, with the three-day issue scheduled to close on June 23. Ahead of the launch, the Mumbai-based company raised ₹397 crore from anchor investors by allotting 2.61 crore equity shares. Domestic institutional investors dominated the anchor book, with seven mutual funds…
Asian stocks gained on Friday, with South Asia’s Kospi hitting a record high yet again. The Kospi index gained over 3% to hit a fresh record high of 9,339.3. Meanwhile, Japan’s Nikkei 225 was up nearly 1%. The MSCI Asia Pacific Index was up 0.1%, heading for a sixth straight day of gains. Markets in…
Japan’s primary inflation indicator remained stable in May. This was partly the result of government subsidies that kept energy prices low. The latest inflation numbers keep the Bank of Japan on course to raise interest rates once more later this year. The Ministry of Internal Affairs and Communications said on Friday that core consumer prices,…
Shares of Craftsman Automation Ltd. are expected to be in focus on Friday, June 19, after the company completed its Qualified Institutional Placement (QIP), raising nearly ₹2,000 crore from institutional investors. The company informed exchanges that its Fund Raising Committee approved the allotment of 22.98 lakh equity shares to eligible Qualified Institutional Buyers (QIBs) at…
Gold prices are on track for a third weekly decline as the completion of an interim peace agreement between the US and Iran was offset by hawkish Federal Reserve and rate-hike predictions. After down 1.1% on Thursday, bullion dropped below $4,200 an ounce in early trading and is expected to slide moderately this week. Gold,…
