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UK house prices keep rising; markets await Fed tapering decision – business live
Rolling coverage of the latest economic and financial news UK house prices up 0.7% month-on-month in October Average property price up by more than £30k since the pandemic struck Is a UK interest rate rise certain? Good question Coming up: UK services PMI; US
Global shares linger at peaks ahead of Fed move
Global shares hovered at record highs while currency markets and US Treasuries were steady on Wednesday, as investors looked to the expected winding down of pandemic-era monetary stimulus in the world's largest economy. The Federal Reserve is expected to
Sensex rises over 250 points in early trade; Nifty tops 17,900
Equity benchmark Sensex jumped over 250 points in early trade on Wednesday led by gains in index majors Reliance Industries, L&T and Infosys amid a positive trend in US markets ahead of the US Fed’s policy outcome.
Former TGI Fridays owner sees shares plummet after Hostmore begins flotation on the London markets
Shares in the former owner of dining chain TGI Fridays sunk by more than three-quarters yesterday after it completed the demerger of hospitality business Hostmore. Electra Private Equity saw its share price decline by 77.5 per cent to £1.24 on Tuesday after
Dubai says to offer shares in DEWA to boost stock market trading
Dubai plans to offer shares in its main utility as part of a plan to boost the emirate’s flagging stock market. The emirate will sell a stake in Dubai Electricity and Water Authority “in coming months,” deputy ruler Maktoum bin Mohammed bin Rashid said in a
India's gold trade with UAE shines bright in October
India’s gold trade shone brightly in October, with imports more than doubling to $5.1 billion and exports of gems and jewellery rising by over 44 percent to $4.2bn over the corresponding month of 2020, according to the latest official data. The UAE is the
India’s services PMI hits a decadal high in October, but don’t get carried away
Business activity in India’s services sector has made an impressive comeback. The seasonally adjusted India Services Business Activity index published by the IHS Markit, rose to 58.4 in October, marking the strongest rate of growth in ten-and-a-half years, as
Asian shares mostly lower despite Dow’s push over 36,000
Shares were mostly lower in Asia on Wednesday, weighed down by concerns over disrupted supply chains and shipping, despite the Dow Jones Industrial Average’s first close above 36,000 points. Benchmarks fell in most major markets apart from Sydney and Taipei.
Meta makes changes to marketing strategy amid scandals
NEW YORK (NYTIMES) - Since the spring, the social media company formerly known as Facebook has been evaluating where it advertises and how much it spends doing so, taking pitches from agencies that want to help manage its enormous marketing budget. The
Lufthansa posts surprise return to profit as bookings surge
FRANKFURT (BLOOMBERG) - Deutsche Lufthansa posted a surprise profit in the third quarter as cargo demand boomed and said passenger bookings are also surging, buoyed by the imminent reopening of flights to the United States. The German group reported adjusted
BUSINESS LIVE: Four more energy suppliers go under; Starling weighs IPO outside UK; Musk tweet ...
Four more energy suppliers have gone bust meaning 19 have folded since August under the strain of soaring wholesale gas and electricity prices. The collapses mean around 23,700 households and businesses will switch suppliers, energy watchdog Ofgem said.
Dubai's DEWA holds assets of nearly Dh200 billion, says CEO Al Tayer
Dubai: The Dubai-owned utility entity DEWA currently has assets of nearly Dh200 billion and projects with a combined value of around Dh86 billion, according to a top official. The updates on DEWA’s financial and operational status comes after the company was
Dubai's DEWA holds assets of nearly Dh200b, says CEO Al Tayer
Dubai: The Dubai-owned utility entity DEWA currently has assets of nearly Dh200 billion and projects with a combined value of around Dh86 billion, according to a top official. The updates on DEWA’s financial and operational status comes after the company was
Dec to among the best quarters for gold demand in a long time: Somasundaram PR
As per a recent World Gold Council (WGC) report, demand for gold in India for the September quarter (Q3) rose 47% to 139.1 tonnes against last. In an interview with Mint, Somasundaram PR, regional CEO, India, WGC, shared his views on price outlook and demand
NSE volume toppers: Vodafone-Idea, Yes Bank among highest traded stocks; Airtel, Tata Motors value toppers
Sensex and Nifty 50 were up with gains on Wednesday and broader markets were mirroring the up-move. ...
Wall Street Is Offering Big Pay Increases to Amass a Crypto Army
By Zijia Song and Katherine Doherty From Bloomberg News Wall Street leaders turned up their noses when Bitcoin exploded onto the scene more than
Business Chart of the Day: Is Ford’s Stock Ready to Rip Higher?
It looks like shares of Ford Motor Company have broken out. That means there’s a good chance the stock continues to move higher.
Why Elon Musk Can’t Wrap His Head Around Tesla Stock’s Surge
Tesla Inc shares soared on Monday and CEO Elon Musk expressed surprise that the news around car rental company Hertz Global
$60 Million Goes Missing In Dog-Themed DeFi Project’s Token Sale
Investors pooled in around $60 million to a newly-launched crypto project’s token sale, but the funds appear to have disappeared
Ford-Backed Tesla Rival Rivian Looks to Raise $8.4 Billion in IPO: What You Need to Know
Rivian Automotive Inc, an electric vehicle manufacturer backed by Amazon.com Inc. and Ford Motor Co., is looking to raise about
Cathie Wood Snaps Up $63.8 Million in Facebook as Social Media Giant Sets Metaverse Ambitions
Cathie Wood’s money managing firm Ark Invest on Friday raised its exposure in Facebook Inc., a day after the Mark Zuckerberg-led social
Apple and Facebook Clashing Could Be a Major Tech Story of 2022, Says Expert
Facebook Inc., or Meta Platforms', foray into smartwatches, wearables, and mixed reality headsets is setting up the stage for a major
SEC May Expand Oversight to Key Treasury Market Platforms: Chair
WASHINGTON—The chair of the Securities and Exchange Commission (SEC) said on Tuesday it will consider new oversight rules for some platforms for
This Day in Market History: Microsoft, Intel Become First Nasdaq Stocks to Join the Dow
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Nov. 1, 1999,
Biden Says He Will Make Fed Nomination Announcements ‘Fairly Quickly’
GLASGOW—President Joe Biden said on Tuesday that the White House will be making an announcement about his nominations to lead
This specialty chemical stock down 12% in a month. Jefferies says 'Buy'
Shares of specialty chemical maker Navin Fluorine International Limited (NFIL) are up over 30% this year (year-to-date or YTD) so far, slipping from its highs touched earlier this year. In a month's period, the stock has declined around 12%. Jefferies has
Diwali Muhurat Trading 2021: Timings and other details here
The Stock Markets (BSE and NSE) will open for one hour tomorrow (4 November) for the Muhurat Trading session on Diwali. The Muhurat trading is practised to commemorate the start of the new Samvat 2078. That is when the traditional business community open their
Somalia - Joint Markets and Supply Chain Update: 24 - 31 October, 2021
Deyr rains have started in some areas in South Central regions,
Top cryptocurrency prices today: Solana, XRP soar 11% each, Shiba Inu tanks 7%
The global crypto market cap jumped about 3 per cent, to $2.73 trillion mark compared to the last day. However, the total crypto market volume was largely flat at $129.42 billion. ...
Australia's CBA breaks ranks to offer crypto trading
Starting with a pilot this year, Commonwealth Bank will partner with Gemini Trust Company LLC, a New York-based crypto exchange, to offer trading in 10 cryptocurrencies through its banking app, which is used by about 6.4 million customers. ...
Netflix’s ‘Squid Game’ Is Boosting Viewing of Dystopian Japanese Series ‘Alice in Borderland’
Japanese death game series “Alice in Borderland”
Sun Pharma’s margin improvements drive earnings beat
Sun Pharmaceuticals Ltd impressed with its strong September quarter performance. Growth remained strong across geographies, with India sales at ₹3,188 crore, contributing a third to overall revenues, leading the show and rising 26% year-on-year. Emerging
More independent directors, but board sizes shrinking in Singapore
SINGAPORE (THE BUSINESS TIMES) - Boards in Singapore are appointing more independent directors, even as the average board size is shrinking, according to a report published by the Singapore Institute of Directors (SID) on Wednesday (Nov 3). The 2021 Singapore
ByteDance founder Zhang Yiming exits board as challenges mount
HONG KONG (BLOOMBERG) - ByteDance's billionaire founder Zhang Yiming has stepped down as chairman, months after resigning as chief executive officer of the TikTok owner that's seeking to reposition itself amid China's crackdown on its internet industry. New
Market correction may be over soon, time to buy again; bank stocks, PSUs expected to outperform
Domestic market’s correction may soon be over and Nifty 50 index could once again challenge life-time highs at 18,600. ...
Stock markets in Samvat 2078: Market momentum may continue but brace for short-term corrections
The markets have done exceedingly well, beyond everybody's expectations in the last 18 months post the onset of the pandemic in March 2020 ...
Rupee rises 14 paise to 74.54 against U.S. dollar in early trade
The surge is due to IPO-related inflows and a positive trend in domestic equities ...
Stocks Gain, Pushing the Dow Jones Industrials Over 36,000
Wall Street added to its recent run of milestones today as stock indexes hit new highs again and the Dow Jones Industrial Average
Five penny stocks to watch out for in 2022
Diversification is an excellent strategy to protect your portfolio. Simply chasing the safest blue chips is only going to offer one thing: low returns. Enter penny stocks. Penny stocks come in with higher risks but potentially higher rewards. You must be
SingPost's first half-profit rises 13.3% to $35m on growth in domestic businesses
SINGAPORE (THE BUSINESS TIMES) - Singapore Post's (SingPost) net profit for the first half of the fiscal year ended September�was up 13.3 per cent to $35 million, from $30.9 million in the corresponding year-ago period. In a bourse filing on Wednesday (Nov 3),
Shares of China's biggest builder Vanke fall to 5-year low on industry woes
HONG KONG (BLOOMBERG) - If you want to see just how bad sentiment has got�towards Chinese property firms, take a look at the share-price performance of China Vanke, the nation's largest listed residential developer. Vanke ranks among the minority of real
Paytm IPO: GMP, other details as issue opens for subscription next week
Paytm's parent One97 Communications will come out with its initial public offering (IPO) next week on Monday, November 8 with the price band fixed at ₹2,080-2,150 per share, implying a valuation of around ₹1.48 lakh crore. The three-day share sale will
Airtel stock hits new 52-week high on stellar Q2 result; all eyes on tariff hike
Telecom provider Bharti Airtel Ltd reported stellar earnings for the September quarter. The company exceeded analysts' estimates on key parameters aided by one-time spectrum sale gain and tariff hikes undertaken in August. Consequently, on a consolidated
Sensex up 300 pts as realty stocks rally; L&T, Tech Mahindra among top gainers
Asian share markets are trading on a mixed note today, ahead of the outcome of two-day Fed meet. Japanese markets are closed on account of holiday. The Hang Seng is down 1.1% while the Shanghai Composite declined 0.4%. MORE FROM THIS SECTIONSee All Premium
Shriram Trans Fin shares gain 2.38% as Sensex rises
On the technical charts, the RSI of the stock stood at 71.5. ...
Concor shares up 2.41% as Nifty gains
The stock quoted a 52-week high price of Rs 754.1 and low of Rs 364.7. ...
Buy Trent, target price Rs 1230: ICICI Securities
Trent Ltd. key Products/Revenue Segments include Readymade Garments, Other Operating Revenue and Rent for the year ending 31-Mar-2021. ...
Page Industries shares up 3.1% as Nifty gains
A total of 291 shares changed hands on the counter till time (IST). ...
JSPL shares jump almost 2% on strong Q2 earnings
The strong showing in the second quarter came amid higher volumes and record-high steel prices. During the same period a year ago, JSPL had reported a net profit of Rs 897 crore, the company said in a regulatory filing on Tuesday. ...
Buying cryptos this Diwali? Here are seven tokens to look at
Bitcoin, the new “Big B” among Millennials, is flexing its muscles. Its price recently hit Rs 50 lakh in India. Going by this trend, Indian investors might even buy digital tokens instead of gold during Diwali. ...
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex was up 214.51 points at 60243.57 ...
Sensex gains 240 points ahead of US Fed meet outcome; Nifty above 17,950
The Federal Reserve is expected to announce the tapering of its $120 billion-a-month asset purchase programme in its policy statement at 1800 GMT. ...
SBI Q2 Results Today: Profit may double, NIM likely in 3-3.1% range
SBI is seen reporting a loan growth of 8.1 per cent YoY to Rs 24,80,546.20 crore and deposit growth of 8.6 per cent at Rs 37,69,359.80 crore. Credit cost is seen at 1.4 per cent. ...
Buy Sun Pharmaceutical Industries, target price Rs 959: ICICI Securities
Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 195641.77 Crore) operating in Pharmaceuticals sector. ...
HPCL shares up 3.06% as Nifty gains
A total of 72,500 shares changed hands on the counter till 10:05AM (IST). ...
Bharti Airtel shares up 3% after telco reports Rs 1,134 crore Q2 profit
Airtel shares were subsequently trading up 1% higher at Rs 719.8 on the BSE. ...
Buy Dr. Reddy's Laboratories, target price Rs 5525: Emkay Global
Dr. Reddy's Laboratories Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 79544.46 Crore) operating in Pharmaceuticals sector. ...
Sensex rises! These stocks are up over 10% on BSE
In the Nifty 50 index, 41 stocks were trading in the green, while 9 stocks were trading in the red. ...
IPO screener: Final day PB Fintech, SJS Enterprises, Sigachi Industries
Today is the last day for subscription of PB Fintech, SJS Enterprises and Sigachi Industries.Policybazaar IPO gets 54 per cent The ₹5,710-crore IPO of PB Fintech, owners of Policy Bazaar and Paisa Bazaar, was subscribed 1.6 times on the second day. The price
Stocks that will see action today (November 3)
Vedanta: The board of directors of Sesa Mining Corporation Ltd, an indirect wholly-owned subsidiary of Vedanta, has approved the acquisition of Desai Cement Company Private Ltd for Rs 14 crore. The acquisition will enhance the group’s portfolio with cement and
CapitaLand Investment books 33% growth in fees related earnings in Q3, establishes two new funds
SINGAPORE (THE BUSINESS TIMES) - Capitaland Investment (CLI) booked a 33 per cent growth in fee-related earnings in the third quarter of this year to $94.6 million from $71.1 million a year ago, in its first business update since listing on the bourse in
SingPost's first half profit rises 13.3% to $35m on growth in domestic businesses
SINGAPORE (THE BUSINESS TIMES) Singapore Post's (SingPost) net profit for the first half of the fiscal year ended September 2021 was up 13.3 per cent to $35 million from $30.9 million in the corresponding year-ago period. In a bourse filing on Wednesday (Nov
CapitaLand Investment books 33% growth in fee-related earnings in Q3, establishes two new funds
SINGAPORE (THE BUSINESS TIMES) - Capitaland Investment (CLI) booked a 33 per cent growth in fee-related earnings in the third quarter of this year to $94.6 million from $71.1 million a year ago, in its first business update since listing on the bourse in
Fino Payments Bank IPO: Share allotment, listing date details here
The initial public offering (IPO) of Fino Payments Bank was subscribed 2.03 times on the last day of subscription on Tuesday, after receiving tepid response on the first two days. The ₹1,200-crore IPO received bids for 2,32,46,150 shares against 1,14,64,664
Gold outlook Diwali 2021: US Fed meet, inflation, post-festive demand; golden or gloomy days in ...
Despite soaring inflation across the globe due to rising demand and supply bottlenecks, the gold prices are hovering near $1780 per ounce levels ...
You Ask, We Analyze: Why Coinbase Stock Looks Set For Continuation
On Sunday evening, Benzinga asked its Benzinga Pro community which tickers they’d like analyzed. From the replies, Benzinga selected
Bharti Airtel shares surge today. What brokerages say on Q2 results?
Shares of Bharti Airtel surged nearly 2% to ₹724 apiece on the BSE in Wednesday's opening deals, a day after announcing its second quarter earnings. The telecom giant reported a net profit of ₹1,134 crore for the September 2021 quarter, and said it is
Ant-Backed Payments Firm Kakaopay Jumps on Market Debut in Seoul
South Korea’s technology industry continues to spawn big public
ASX up 1.1%; AMP up 8% on asset sale, lithium stocks rise
The S&P;/ASX 200 is up 1.1% this afternoon with all sectors higher. Banks, healthcare, miners, and gambling stocks are doing well ...
Markets may be about to face some uncomfortable moments
Sharemarket investors have been on an armchair ride since the 2008 financial crisis but it’s now at risk. ...
Ether Prices Extend Gains To Reach Latest Record Above $4,600
Ether prices skyrocketed past $4,600 tonight, hitting their latest all-time high. What helped drive these gains? ...
Market to remain range-bound ahead of Diwali holidays
Domestic markets are likely to move in a narrow range on Wednesday, ahead of the festival holidays. Analysts expect low volumes to continue at the bourses due to the holiday mood and mixed signals from global markets. Stock-specific action would continue, they
Gold prices fall for two days in a row ahead of Diwali, silver rates drop
Gold fell today in Indian markets, a day after Dhanteras. On MCX, gold futures were down 0.18% to ₹47,537 per 10 gram, extending Tuesday's loss. Silver futures were flat today at ₹63,208 per kg. In global markets, gold prices inched
Bitcoin, Ether: What happens to your crypto if you die?
If you’re merely dipping your toe in cryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight.
Nykaa IPO: Latest GMP. how to check share allotment status online
The initial public offering (IPO) of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, was subscribed more than 82 times at the end of the final day of bidding. Ahead of its IPO, Nykaa raised ₹2,396 crore from
Bharti Airtel, SBI, Eicher Motors, Bank of India, Union Bank, Dabur India, HPCL stocks in focus
Nifty futures were trading 27.50 points or 0.15 per cent up at 17,948.50 on Singaporean Exchange, suggesting a positive start on the day of weekly F&O expiry ...
Petrol and diesel price November 3: Fuel rate steady at all-time highs; Check price in ...
Petrol and Diesel Price Today in India: Petrol and Diesel Rate on November 3 were left unchanged by OMC, leaving the price in Delhi at a staggering Rs 110 per litre mark. ...
SGX Nifty up; Q2 results, stocks under F&O ban, Policybazaar IPO, other global cues to ...
Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a gap-up start on Wednesday ...
Share Market LIVE: SGX Nifty sits in green; Policybazaar, SJS Ent, Sigachi Industries’ IPOs to ...
Share Market News Today | Sensex, Nifty, Share Prices LIVE: On Wednesday morning, SGX Nifty was in the green, hinting at a positive start to the day’s trade. ...
JPMorgan says BTC’s 'fair price' is $35K... but it still expects crypto to 'outperform'
Investment bank strategists say that BTC could climb as high as $73,000 if markets remain frothy. ...
SAMHI Hotels in talks to raise ₹1,000 crore from Cerberus Capital
The expected proceeds will be used to repay existing loans. The funding will be through a mix of non-convertible debentures and optionally convertible debentures with a tenure of 3-5 years, said one of the people. ...
Sun Pharma eyes acquisitions in US, Europe and emerging markets
With a market share of 8.1% as per market research firm AIOCD-AWACS in September 2021, Sun Pharma has the highest share in the domestic pharmaceutical market. ...
Spark Minda Group buys Stoneridge JV stake, eyes more acquisitions with $100 million investment plan
Meanwhile, Minda Corporation reported a 51 per cent jump in consolidated net profit to Rs 39.06 crore for the second quarter ended September 30, mainly driven by demand recovery. ...
No HC relief for Tatas on use of their trademark as crypto coin
Bitcoin may be a household name today, but there are various types of cryptocurrencies that exist. Ever heard of a cryptocurrency bearing the trademarks ‘Tata coin’ or ‘$Tata’? ...
Markets likely to be volatile; SBI, Eicher Motors, Vodafone in focus
MUMBAI : Markets are likely to stay volatile on Wednesday while trends in SGX Nifty indicate a mute opening of Indian benchmark indices. On Tuesday, the BSE Sensex ended at 60,029.06, down 109.40 points or 0.18% and the Nifty closed at 17,888.95, down 40.70
Prices of pulses remain stable despite festive season
The government had implemented a stock limit on pulses under the Essential Commodities Act (ECA), which was effective until October 31, to check price rise. Under this order, stock limits had been prescribed for all pulses, except moong. ...
PNB, Escorts among stocks under F&O ban on NSE today
The same two stocks/securities, that were on F&O ban in the previous session, have been put under the ban for trade on Wednesday, November 3, 2021 under the futures and options (F&O) segment by the National Stock Exchange (NSE). These securities have
Bitcoin, dogecoin, other cryptos surge; Shiba Inu slips. Check cryptocurrency prices today
In cryptocurrencies, Bitcoin prices today surged to trade above $63,000 mark. The world's largest cryptocurrency by market capitalization was up more than 3% to $63,232.8. The and most popular digital token is up 117% this year (year-to-date) so far after
RBI tweaks norms for initiating prompt corrective action against banks
Earlier, a bank was liable to be identified
Stocks to watch: Infosys, Wipro, Vedanta
NEW DELHI : Here are the top 10 stocks that will be in focus today: Infosys: Infosys Finacle announced that the Finacle Digital Banking Solution Suite will be available on Red Hat OpenShift and IBM Cloud for financial services. This collaboration will help
Day trading guide for Wednesday: 5 stocks to buy today - 3rd November
Indian equities ended lower on Tuesday, as losses in metal stocks and heavyweight Reliance Industries (RIL) outweighed gains in auto and realty stocks. The benchmark BSE Sensex index ended 109.4 points lower at 60,029 whereas the NSE Nifty fell by 0.23% to
Financial System Makes Big Promises on Climate Change at COP26 Summit
Most of the world’s big banks, its major investors and insurers, and its
South Korea's largest payments app Kakao Pay more than doubles in trading debut
SEOUL (BLOOMBERG) - Kakao Pay, South Korea's largest mobile payments app, more than doubled in its debut in Seoul, following a rocky path to public markets that was marked by heightened regulatory scrutiny. Shares of Kakao Pay surged more than 150 per cent in
Delhivery joins the IPO race: Files DRHP with Sebi to raise Rs 7,400 crore, seeks ...
The IPO consists of a fresh issue of shares worth Rs 5,000 crore and an offer for sale (OFS) by existing investors amounting to Rs 2,460 crore, according to the company’s draft red herring prospectus (DRHP). ...
Bursa Malaysia rebounds to open higher
MARKET Bursa Malaysia rebounds to open higher " data-media=""> 02/11/2021 09:49 AM KUALA LUMPUR, Nov 2 -- Bursa Malaysia rebounded from yesterday's losses to open higher today, taking the cue from the overnight Wall Street performance which hovered around
Bursa Malaysia ends firmer on bargain hunting
MARKET Bursa Malaysia ends firmer on bargain hunting " data-media=""> 02/11/2021 06:03 PM By Sharifah Pirdaus Syed Ali KUALA LUMPUR, Nov 2 -- Bursa Malaysia ended on a positive note today on bargain hunting as investors picked up beaten-down counters after
Gold futures untraded in early session
MARKET Gold futures untraded in early session " data-media=""> 02/11/2021 09:47 AM
FBM KLCI futures end higher
MARKET FBM KLCI futures end higher " data-media=""> 02/11/2021 07:41 PM KUALA LUMPUR, Nov 2 -- The FTSE Bursa Malaysia
KLCI futures higher in early trade
MARKET KLCI futures higher in early trade " data-media=""> 02/11/2021 09:51 AM KUALA LUMPUR, Nov 2 --
