Page 16 – FinanceSecond

Trading News

Oil Prices Climbs Up Due to Progressive Trade Talks Between US-China, OPEC Cuts Supply

By Brian Stanley March 5, 2019

Oil prices were high on Monday in Asia, with a slight recovery from its last week performance. During the time, when the OPEC the manufacturer club, tightened its supply output, there were progressive ongoing trade talks between the US and China. The report suggests that both the countries were very close to reach out a […]Continue Reading

Company News

Matrix Group owner interrogated by Enforcement Director over ICICI- Videocon Loan Case

By Adrian Todaro March 5, 2019

On Sunday, the Enforcement Directorate (ED) for the third time interrogated the former ICICI Bank CEO and MD Chanda Kochhar and meanwhile convicted Nishant Kanodia, the chairman of Matrix Fertilizer. Deepak Kochhar and Venugopal Dhoot were deeply questioned by the ED, and after completing the process of interrogation for the day, they left the investigating […]Continue Reading

Trading News

Kiran Mazumdar-Shaw Imposed With Fine Of 9.5 Lakh Rupees For Selling Shares and Breaching Trade Norms by Infosys Board

By Norma Stanley March 4, 2019

On Thursday, Infosys, the second largest IT Company of India has imposed a fine of 9.5 lakh rupees on one of its key independent director Kiran Mazumdar Shaw for selling 1,600 shares accidentally of Infosys during the trading hours. Infosys has mentioned it in on February 28 during its BSE filing. She had not taken […]Continue Reading

Opinion & Analysis

Indian GDP Falls To 6.6 %, It’s Lowest In 5 Quarters

By Norma Stanley March 4, 2019

The Indian GDP fell to lower than the expected growth rate of 6.6% in the fourth quarter October-December which is the lowest in the last 5 quarters due to poor growth in the manufacturing and farming sector. The growth estimate for the fiscal year ending on March 31 has been reduced to less than 7% […]Continue Reading

Opinion & Analysis

India’s Economic Growth Slows Down to 6.6 Percent in Q3; GDP Growth Rate is Much Lower than Expectations

By Katherine Miller March 4, 2019

India’s Gross Domestic Product (GDP) growth rate in Q3 which ended on 31st December 2018 has stood at 6.6 percent; the information is according to recent government data which was released on Thursday. The growth rate is at a 5-quarter low. It is the slowest growth rate ever since the quarter that ended in September […]Continue Reading

Stocks

India’s Diesel Consumption Forecast To Set Record In 2019

By Brian Stanley March 4, 2019

Increasing expenditure by the current government on infrastructure in an attempt to hold off rivals in the upcoming elections in 2019 may lead to an increase in diesel consumption within the country. India is the third largest oil user globally. The increasing diesel consumption by the country solidifies India’s role as a driver of oil […]Continue Reading

Stocks

Gold Prices Drop to a Two-Week Low, as Dollar Rebounds Over Trade Caution

By Brian Stanley March 1, 2019

Gold prices on Thursday dropped to a two-week low, as the dollar recovered losses after cautious comments from the US Trade Representative Robert Lighthizer which dented investors’ hope for ending the tariff war with China. As of 0340 GMT, sport gold and the US gold future slipped by 0.1% to $131850 and $1320.10 per ounce […]Continue Reading

Company News

Jet Airways Grounds Seven More Planes

By Brian Stanley February 28, 2019

On Wednesday, the domestic airline firm in India, Jet Airways has grounded seven more aircraft as the carrier has failed to make the payments to its lessors, taking the tally of planes hamstrung by the defaults to thirteen. On an official press release, “Jet Airways is currently is actively engaged with all its aircraft lessors,” […]Continue Reading

Trading News

Regulators in UK and US Create a ‘Bridge’ for Derivatives

By Evan Vaughn February 27, 2019

The United Kingdom and the United States entered in an agreement on Monday for a long-term pact to ensure that the $2 trillion a day transatlantic derivatives market remains uninterrupted by Brexit. The transactions in London and New York account for 80% of all global off-exchange trade contracts. Derivatives are extensively utilized by companies to […]Continue Reading

Trading News

Asian Stocks sore high, Nifty and Sensex also rise due to progressive trade talks between US and China

By Adrian Todaro February 26, 2019

As soon as US President Donald Trump announced that the trade talks were progressive and are ready to the extent the tariff hike on Chinese goods, the Indian shares reached another high level along with Asian stocks. When the news arrived about the trade talks between Beijing and Washington has achieved substantial progress during the […]Continue Reading