News

Naver to launch JV for digital twin projects in Saudi Arabia South Korean tech giant Naver said on Monday it will establish a joint venture with Saudi Arabia's state housing company to collaborate for digital twin platform projects in the Middle East.  Naver and Saudi Arabia's National Housing Company signed a memorandum of understanding for the establishment of the joint venture during Cityscape Global 2024, a Middle Eastern real estate convention, held in Riyadh last week, according to the Korean company. Digital twin platforms, wh...
Naver to launch JV for digital twin projects in Saudi Arabia
Naver to launch JV for digital twin projects in Saudi Arabia
Source: IANS
2024-11-18 10:15:46 am
Rajasthan signs 2 MoUs in hospitality sector with Saudi Arabia-based firms Apart from signing two MoUs in the hospitality development sector, a delegation led by Rajasthan’s Minister of State for Industry and Commerce K.K. Vishnoi invited Saudi Arabia to participate as partner country in ‘Rising Rajasthan Global Investment Summit 2024’ to be held here next month, an official said on Tuesday.  Vishnoi said, “Saudi Arabia is one of the largest economies in West Asia and is replete with leading business groups in sectors ranging from pet...
Rajasthan signs 2 MoUs in hospitality sector with Saudi Arabia-based firms
Rajasthan signs 2 MoUs in hospitality sector with Saudi Arabia-based firms
Source: IANS
2024-11-05 03:22:57 pm
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors In order to boost trade and investments, India and Saudi Arabia have discussed ways to enhance cooperation in areas of fertilizers, petrochemicals and mining during a meeting between Commerce and Industry Minister Piyush Goyal and Saudi Minister for Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef in Riyadh. India is the second largest trade partner for Saudi Arabia whereas Saudi Arabia is India's fourth largest trading partner. The bilateral trade between the two countries...
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
Source: Accord Fintech
2024-10-31 03:51:29 pm
Piyush Goyal to visit Saudi Arabia, discuss ways to enhance energy biz In a bid to further enhance economic ties and participate in the ‘8th Future Investment Initiative’, Union Minister of Commerce and Industry, Piyush Goyal, is set to visit Saudi Arabia from October 29-30.  The minister will hold bilateral meetings with key Saudi ministers, including the Minister of Commerce, Minister of Industry and Mineral Resources, Minister of Investment and Minister of Energy, to discuss collaborative efforts in energy transition, digital transformatio...
Piyush Goyal to visit Saudi Arabia, discuss ways to enhance energy biz
Piyush Goyal to visit Saudi Arabia, discuss ways to enhance energy biz
Source: IANS
2024-10-28 05:03:38 pm
Sanghvi Movers moves higher on getting nod to incorporate WOS in Kingdom of Saudi Arabia Sanghvi Movers is currently trading at Rs. 436.65, up by 29.05 points or 7.13% from its previous closing of Rs. 407.60 on the BSE. The scrip opened at Rs. 410.05 and has touched a high and low of Rs. 442.45 and Rs. 409.55 respectively. So far 50318 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 741.50 on 16-May-2024 and a 52 week low of Rs. 310.68 on 26-Oct-2023. Last one week high and low of the scrip stood at...
Sanghvi Movers moves higher on getting nod to incorporate WOS in Kingdom of Saudi Arabia
Sanghvi Movers moves higher on getting nod to incorporate WOS in Kingdom of Saudi Arabia
Source: Accord Fintech
2024-10-15 12:31:15 pm
Saudi Arabia eyes more tourists, investment from China As Saudi Arabia aims to attract more Chinese tourists to the Middle Eastern country and cooperate more with Chinese companies, it has its path chartered before it. Deputy Minister of Tourism of Saudi Arabia Sultan Al Musallam, speaking at an event, said about the kingdom’s emergence as a global tourism powerhouse and its plans to attract more Chinese tourists in the coming year. “We started in 2010 with our national tourism strategy and we are embarking on the second phase. ...
Saudi Arabia eyes more tourists, investment from China
Saudi Arabia eyes more tourists, investment from China
Source: IANS
2024-10-13 05:58:02 pm
Aurionpro Solutions jumps on entering into multi-million dollar deal with leading bank in Saudi Arabia Aurionpro Solutions is currently trading at Rs. 1724.75, up by 36.65 points or 2.17% from its previous closing of Rs. 1688.10 on the BSE. The scrip opened at Rs. 1694.70 and has touched a high and low of Rs. 1763.80 and Rs. 1669.45 respectively. So far 5173 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1989.95 on 28-Aug-2024 and a 52 week low of Rs. 689.08 on 26-Oct-2023. Last one week high and low of the scr...
Aurionpro Solutions jumps on entering into multi-million dollar deal with leading bank in Saudi Arabia
Aurionpro Solutions jumps on entering into multi-million dollar deal with leading bank in Saudi Arabia
Source: Accord Fintech
2024-10-11 11:25:46 am
Power Mech Projects rises on incorporating Wholly Owned Subsidiary in Saudi Arabia Power Mech Projects is currently trading at Rs. 6732.00, up by 23.25 points or 0.35% from its previous closing of Rs. 6708.75 on the BSE. The scrip opened at Rs. 6790.00 and has touched a high and low of Rs. 6790.00 and Rs. 6668.40 respectively. So far 1638 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7450.00 on 23-Aug-2024 and a 52 week low of Rs. 3342.75 on 02-Nov-2023. Last one week high and low of the sc...
Power Mech Projects rises on incorporating Wholly Owned Subsidiary in Saudi Arabia
Power Mech Projects rises on incorporating Wholly Owned Subsidiary in Saudi Arabia
Source: Accord Fintech
2024-10-01 02:16:44 pm
India`s EV maker Wardwizard Innovations to form joint venture in Saudi Arabia  Indian electric vehicle maker Wardwizard Innovations and Mobility announced on Friday it received a letter of intent to form a joint venture in Saudi Arabia, aiming to establish an assembly plant and an EV cell plant in the kingdom. The assembly plant will initially focus on producing electric two-wheelers, three-wheelers and four-wheelers, with plans to expand in the future to include electric bus production. The EV cell plant will be dedicated to manufacturing electric vehicle c...
India`s EV maker Wardwizard Innovations to form joint venture in Saudi Arabia
India`s EV maker Wardwizard Innovations to form joint venture in Saudi Arabia
Source: Reuters
2024-09-07 09:13:01 am
Indonesia, Saudi Arabia to build 60 MW floating solar plant in West Java Indonesia's state-owned electricity company PT PLN Indonesia (PLN) has partnered with a Saudi Arabian company to develop a 60 megawatt (MW) floating solar power plant at Saguling Reservoir in West Java.   "This project aims to strengthen the renewable energy sector in Indonesia, minimise the impact of climate change, and reduce greenhouse gas emissions," PLN President Director Edwin Nugraha Putra said on Sunday. This project is also Indonesia's effort to accelera...
Indonesia, Saudi Arabia to build 60 MW floating solar plant in West Java
Indonesia, Saudi Arabia to build 60 MW floating solar plant in West Java
Source: IANS
2024-08-19 02:02:11 pm
Engineering goods exports up 4.3 pc to $28 billion, Budget to give further boost Engineering goods exports went up 4.34 per cent to $27.93 billion in the April-June quarter (year-on-year), from $26.77 billion in the same period a year ago, a report said on Monday.  Among the top destinations of Indian engineering goods, shipments to countries such as the US, UAE, Saudi Arabia and the UK increased during the June quarter of the current fiscal, according to EEPC India. Indian engineering exports in May bounced back and then recorded double-digit growth in June at...
Engineering goods exports up 4.3 pc to $28 billion, Budget to give further boost
Engineering goods exports up 4.3 pc to $28 billion, Budget to give further boost
Source: IANS
2024-07-29 02:41:26 pm
Ecotourism in Saudi Arabia on the rise While Saudi Arabia has been known for its oil in the past, the kingdom is launching a variety of ecotourism efforts for its future. Enter Vision 2030, an ambitious plan to decrease the kingdom's oil dependence in part by increasing tourism to account for 10 per cent of Saudi Arabia's gross domestic product by 2030, up from 3 per cent today. The vision outlines a plan for heightened sustainability efforts across the kingdom, from large-scale "giga-project" developments to ...
Ecotourism in Saudi Arabia on the rise
Ecotourism in Saudi Arabia on the rise
Source: IANS
2024-07-01 02:07:01 pm
Embraer sees India, Saudi Arabia, EU, US as strategic defense markets Brazilian planemaker Embraer sees India, Saudi Arabia, the European Union and the United States as strategic markets for its defense unit as it looks to expand sales of the C-390 Millennium, the head of Embraer Defense said on Tuesday. India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging fleet of Lockheed Martin's C-130 Hercules, is currently in "early engagement" with Embraer, Bosco da Costa Junior told reporters at an event. &qu...
Embraer sees India, Saudi Arabia, EU, US as strategic defense markets
Embraer sees India, Saudi Arabia, EU, US as strategic defense markets
Source: Reuters
2024-06-19 09:08:13 am
India to benefit as global oil prices decline by over $4 a barrel India stands to gain as oil prices have fallen by over 4$ a barrel this week to a four-month low in the international market following the OPEC+ cartel’s plan to allow an increase in production this year while an increase in the US crude stockpiles has added to bearish sentiments.  The benchmark Brent oil futures for August edged lower to $77.50, on Wednesday, while July crude oil futures on WTI (West Texas Intermediate) were at $73.22. Oil prices have now fallen below $80 a ...
India to benefit as global oil prices decline by over $4 a barrel
India to benefit as global oil prices decline by over $4 a barrel
Source: IANS
2024-06-05 12:26:04 pm
Welspun Corp surges as its associate company signs contracts worth Rs 3,670 crore with Saudi Arabian Oil Co Welspun Corp is currently trading at Rs. 563.90, up by 14.45 points or 2.63% from its previous closing of Rs. 549.45 on the BSE. The scrip opened at Rs. 565.10 and has touched a high and low of Rs. 583.95 and Rs. 553.40 respectively. So far 57683 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 636.95 on 21-May-2024 and a 52 week low of Rs. 258.05  258.05  on 30-Jun-2023. Last one week high and low of t...
Welspun Corp surges as its associate company signs contracts worth Rs 3,670 crore with Saudi Arabian Oil Co
Welspun Corp surges as its associate company signs contracts worth Rs 3,670 crore with Saudi Arabian Oil Co
Source: Accord Fintech
2024-06-03 11:39:18 am
Oil nudges higher after Saudi Arabia hikes prices Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region. Brent crude futures climbed 28 cents, or 0.3%, to $83.24 a barrel at 0119 GMT, while U.S. West Texas Intermediate crude futures were at $78.40 a barrel, up 29 cents, or 0.4%. Saudi Arabia raised the official selling prices (OSPs) for its crude sold...
Oil nudges higher after Saudi Arabia hikes prices
Oil nudges higher after Saudi Arabia hikes prices
Source: Reuters
2024-05-06 08:59:00 am
Ddev Plastiks rises on plan of incorporating wholly owned subsidiary in Saudi Arabia Ddev Plastiks Industries is currently trading at Rs. 204.70, up by 0.25 points or 0.12% from its previous closing of Rs. 204.45 on the BSE. The scrip opened at Rs. 205.20 and has touched a high and low of Rs. 208.90 and Rs. 202.50 respectively. So far 17357 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 244.00 on 08-Sep-2023 and a 52 week low of Rs. 77.27 on 20-Apr-2023. Last one week high and low of the scrip ...
Ddev Plastiks rises on plan of incorporating wholly owned subsidiary in Saudi Arabia
Ddev Plastiks rises on plan of incorporating wholly owned subsidiary in Saudi Arabia
Source: Accord Fintech
2024-04-09 11:42:28 am
UPL jumps as its arm inks SSA with MIC to set up manufacturing complex in Saudi Arabia UPL is currently trading at Rs. 484.00, up by 10.85 points or 2.29% from its previous closing of Rs. 473.15 on the BSE. The scrip opened at Rs. 475.60 and has touched a high and low of Rs. 485.75 and Rs. 475.20 respectively. So far 92364 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 760.45 on 02-May-2023 and a 52 week low of Rs. 452.40 on 13-Feb-2024. Last one week high and low of the scrip stood at Rs. 491.00...
UPL jumps as its arm inks SSA with MIC to set up manufacturing complex in Saudi Arabia
UPL jumps as its arm inks SSA with MIC to set up manufacturing complex in Saudi Arabia
Source: Accord Fintech
2024-03-07 12:09:17 pm
India records big jump in agricultural exports to Iraq, Saudi Arabia, Vietnam, UK India’s exports of agricultural products to major markets like Iraq, Vietnam, Saudi Arabia, and the UK, surged by 110 per cent, 46 per cent, 18 per cent, and 47 per cent, respectively, during April-November 2023, compared to the same period of the previous year, according to data released by Agricultural and Processed Food Products Export Development Authority (APEDA) on Wednesday. APEDA said its forward-looking strategy involves a shift towards expanding India’s export basket ...
India records big jump in agricultural exports to Iraq, Saudi Arabia, Vietnam, UK
India records big jump in agricultural exports to Iraq, Saudi Arabia, Vietnam, UK
Source: IANS
2024-03-06 04:14:32 pm
ACES to provide mobile infra services on underground Mumbai Metro 3 line The ACES India Pvt Ltd, a subsidiary of ACES Saudi Arabia, will provide mobile infrastructure services on the upcoming Mumbai Metro 3 line, the city’s first fully underground corridors, top officials said here on Tuesday. A contract was inked between Mumbai Metro Rail Corporation and ACES at the LEAD-2024, ‘A Digital DAVOS’ event held in Saudi Arabia on March 4, said MMRCL Managing Director Ashwini Bhide. As per the contract for 12 years, the ACES will provide mobile i...
ACES to provide mobile infra services on underground Mumbai Metro 3 line
ACES to provide mobile infra services on underground Mumbai Metro 3 line
Source: IANS
2024-03-06 09:31:21 am
Tanla Platforms shines as its arm incorporates wholly owned subsidiary in Kingdom of Saudi Arabia Tanla Platforms is currently trading at Rs. 1014.75, up by 14.65 points or 1.46% from its previous closing of Rs. 1000.10 on the BSE. The scrip opened at Rs. 1003.00 and has touched a high and low of Rs. 1019.00 and Rs. 1002.90 respectively. So far 7431 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1317.70 on 24-Jul-2023 and a 52 week low of Rs. 506.10 on 27-Mar-2023. Last one week high and low of the scrip st...
Tanla Platforms shines as its arm incorporates wholly owned subsidiary in Kingdom of Saudi Arabia
Tanla Platforms shines as its arm incorporates wholly owned subsidiary in Kingdom of Saudi Arabia
Source: Accord Fintech
2024-01-31 11:26:53 am
India to keep diversifying oil supply, accelerate energy transition -Oil Minister Supply cuts by OPEC+, costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition, its Oil Minister Hardeep Singh Puri said. "Whenever there is vulnerability and uncertainty in the market, the transition gets accelerated. No-one is looking at that", Puri told Reuters in an interview at this week's World Economic Forum in t...
India to keep diversifying oil supply, accelerate energy transition -Oil Minister
India to keep diversifying oil supply, accelerate energy transition -Oil Minister
Source: Reuters
2024-01-17 02:55:16 pm
Indian refiners set to ask for extra Saudi oil after sharp price cut Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months, company sources said. Indian Oil Corp, the country's top refiner, and Bharat Petroleum Corp, are looking at lifting an additional 1 million barrels of oil each from Saudi Aramco in February, the sources said. Saudi Aramco typically notifies Asian buyers of their monthly crude allocations by the 10t...
Indian refiners set to ask for extra Saudi oil after sharp price cut
Indian refiners set to ask for extra Saudi oil after sharp price cut
Source: Reuters
2024-01-09 04:58:15 pm
Oil slips as higher OPEC supply, Saudi price cuts offset Mideast worries Oil prices dipped in early trade on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tensions in the Middle East. Brent crude fell 9 cents, or 0.1%, to $78.67 a barrel by 0057 GMT, while U.S. West Texas Intermediate crude futures shed 10 cents, or 0.1%, to $73.71 a barrel. Both contracts climbed more than 2% in the first week of 2024 after investors returned from holidays to focus on geopolitical risks in...
Oil slips as higher OPEC supply, Saudi price cuts offset Mideast worries
Oil slips as higher OPEC supply, Saudi price cuts offset Mideast worries
Source: Reuters
2024-01-08 08:59:14 am
India turns to Saudi as purchases of Russian oil fall in Dec India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data from vessel tracking agencies showed. Indian Oil Corp, which was set to get the Sokol oil, had to withdraw from its inventory and buy from the Middle East to make up the shortfall, sources told Reuters last month. Top refiner IOC is the only state-run firm with an annual deal to buy a va...
India turns to Saudi as purchases of Russian oil fall in Dec
India turns to Saudi as purchases of Russian oil fall in Dec
Source: Reuters
2024-01-02 05:04:00 pm
Petrol & diesel prices decline in India, rise in neighbouring & western countries  While petrol and diesel prices in India have come down between November 2021 and November 2023, the prices of the two fuels went up in the neighbouring as well as advanced western countries, according to data released by the central government on Wednesday. The graphs show that the price of petrol in India declined by 11.82 per cent and that of diesel fell by 8.94 per cent between November 2021 and November 2023. On the other hand, the price of petrol shot up by 54.32 per cent in ...
Petrol & diesel prices decline in India, rise in neighbouring & western countries
Petrol & diesel prices decline in India, rise in neighbouring & western countries
Source: IANS
2023-12-20 03:29:39 pm
ITC gains as its arm incorporates wholly owned subsidiary in Kingdom of Saudi Arabia ITC is currently trading at Rs. 458.05, up by 1.95 points or 0.43% from its previous closing of Rs. 456.10 on the BSE. The scrip opened at Rs. 459.00 and has touched a high and low of Rs. 459.00 and Rs. 457.00 respectively. So far 57097 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 499.60 on 24-Jul-2023 and a 52 week low of Rs. 325.35 on 23-Dec-2022. Last one week high and low of the scrip stood at Rs. 462.85 ...
ITC gains as its arm incorporates wholly owned subsidiary in Kingdom of Saudi Arabia
ITC gains as its arm incorporates wholly owned subsidiary in Kingdom of Saudi Arabia
Source: Accord Fintech
2023-12-20 11:25:52 am
Oil prices edge up as traders eye Red Sea developments  Oil prices ticked higher on Monday after rising more than 1% in the previous session on jitters over global trade disruption and geopolitical tensions in the Middle East following Houthi attacks on ships in the Red Sea. Brent crude futures edged up 6 cents, or 0.1%, to $79.29 a barrel by 0137 GMT while U.S. West Texas Intermediate crude was at $74.11 a barrel, up 17 cents, or 0.2%. Washington on Tuesday launched a task force to safeguard Red Sea commerce as attacks by Iran-backed ...
Oil prices edge up as traders eye Red Sea developments
Oil prices edge up as traders eye Red Sea developments
Source: Reuters
2023-12-20 09:38:17 am
IEA sees Indian oil product demand growth slowing in 2024 The International Energy Agency (IEA) said on Thursday the "explosive growth" in Indian oil product consumption may be coming to an end. In a monthly report, the IEA projected that India's oil product demand growth would slow to 2.5% next year from 4.1% in 2023. Indian oil product deliveries edged higher in November but were underwhelming compared to the usual seasonal rise, the agency noted. Deliveries in November increased by 40,000 barrels per day (bpd), compared with t...
IEA sees Indian oil product demand growth slowing in 2024
IEA sees Indian oil product demand growth slowing in 2024
Source: Reuters
2023-12-14 09:19:44 am
Oil steady ahead of interest rate decisions, OPEC+ supply cut doubts Oil prices held steady on Tuesday ahead of key interest rate policy and inflation data announcements, and amid doubts that production cuts by OPEC+ next year would offset crude oversupply and weaker fuel demand growth. Brent crude futures for February were flat at $76.03 a barrel as of 0103 GMT, while U.S. West Texas Intermediate crude futures for January delivery were up 3 cents at $71.35 a barrel. Both the contracts settled marginally higher on Monday, with Brent up 19 cents at $76.03...
Oil steady ahead of interest rate decisions, OPEC+ supply cut doubts
Oil steady ahead of interest rate decisions, OPEC+ supply cut doubts
Source: Reuters
2023-12-12 08:49:52 am
Oil prices head for weekly decline on signs of weakened Asian demand  Oil prices rose in early trade on Friday but were on track to fall 6% for the week, hovering near six-month lows, with investors fretting about weak energy demand in Asia combined with high U.S. crude production. Brent crude futures rose 68 cents, or 0.9%, to $74.73 a barrel by 0136 GMT, while U.S. West Texas Intermediate crude futures gained 64 cents, also up 0.9%, to $69.98 a barrel. Both benchmarks slid to their lowest since late June in the previous session. In a signal that t...
Oil prices head for weekly decline on signs of weakened Asian demand
Oil prices head for weekly decline on signs of weakened Asian demand
Source: Reuters
2023-12-08 09:00:05 am
Oil prices fall on China concerns, scepticism on OPEC+ cuts Oil prices fell in Wednesday Asian morning trading as markets continue to doubt the impact of OPEC+ cuts and take cues from a worsening demand outlook in China. Brent crude futures fell 8 cents, or 0.1%, to $77.12 a barrel by 0101 GMT. U.S. WTI crude futures were down 13 cents, or 0.2%, at $72.19 a barrel. Both benchmarks closed at their lowest level since July 6 in the previous session, with WTI seeing four consecutive days of declines. Voluntary output cuts of about 2.2 million bar...
Oil prices fall on China concerns, scepticism on OPEC+ cuts
Oil prices fall on China concerns, scepticism on OPEC+ cuts
Source: Reuters
2023-12-06 09:07:35 am
Oil prices steady amid OPEC+ cut doubts, Mid-East tension  Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by OPEC+ and as continued tension in the Middle East spurred supply concern. Brent crude futures edged up 13 cents to $78.16 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures were up 18 cents at $73.22 a barrel. Oil prices had declined in the previous trading session as traders doubted that supply cuts by OPEC+ would have a significant impact, and as a stronger U.S. dollar weighed on...
Oil prices steady amid OPEC+ cut doubts, Mid-East tension
Oil prices steady amid OPEC+ cut doubts, Mid-East tension
Source: Reuters
2023-12-05 08:51:10 am
Genesys International rises as its arm bags prestigious contract worth Rs 26 crore Genesys International Corporation is currently trading at Rs. 415.60, up by 3.90 points or 0.95% from its previous closing of Rs. 411.70 on the BSE. The scrip opened at Rs. 413.00 and has touched a high and low of Rs. 430.30 and Rs. 412.25 respectively. So far 23257 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 520.00 on 05-Dec-2022 and a 52 week low of Rs. 267.00 on 16-Aug-2023. Last one week high and low of ...
Genesys International rises as its arm bags prestigious contract worth Rs 26 crore
Genesys International rises as its arm bags prestigious contract worth Rs 26 crore
Source: Accord Fintech
2023-12-04 10:26:14 am
Oil prices rise as OPEC+ cartel nears deal on production cuts Crude oil prices have started firming up again in the international market as the OPEC+ cartel is reported to be on the verge of signing an agreement to cut production by 2 million barrels per day. OPEC+ members agreed to make 1 million barrels a day of additional oil-supply cuts to go alongside Saudi Arabia’s much-anticipated extension of a voluntary reduction of the same size, financial news agency Bloomberg reported. The members have agreed to this in principle and it now goes ...
Oil prices rise as OPEC+ cartel nears deal on production cuts
Oil prices rise as OPEC+ cartel nears deal on production cuts
Source: IANS
2023-12-01 11:30:17 am
Oil prices fall, extend slide after OPEC+ cuts underwhelm  Oil prices fell in early Asian trade on Friday, extending losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations. Brent crude futures for February fell 14 cents, or 0.2%, to $80.72 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell 12 cents, or 0.2%, to $75.84. Saudi Arabia, Russia and other members of OPEC+, who pump more than 40% of the world's oil, agreed to voluntary output ...
Oil prices fall, extend slide after OPEC+ cuts underwhelm
Oil prices fall, extend slide after OPEC+ cuts underwhelm
Source: Reuters
2023-12-01 08:56:55 am
India`s oil imports from Russia rebound in November - data  India's Russian oil imports rebounded in November after several plants came back online from planned maintenance and as fuel consumption rose during the Diwali festive season, preliminary data from ship-tracking firms Kpler and Vortexa showed. The world's third-biggest importer and consumer of oil has boosted purchases of Russian oil sold at a discount after imports from Russia were shunned by some Western countries following its invasion of Ukraine last year. Data from Kp...
India`s oil imports from Russia rebound in November - data
India`s oil imports from Russia rebound in November - data
Source: Reuters
2023-11-30 03:42:17 pm
Hospital chain Aster DM to sell majority stake in Gulf business for $1 billion Hospital chain Aster DM Healthcare has agreed to sell a majority stake in its Gulf business to an investor group based in the region for $1 billion as part of a plan to separate the unit from its Indian entity. The offloading of a 65% stake in the business to a consortium led by private-equity firm Fajr Capital brings to a close a year-long sale process after the business was seen as undervalued by some of its investors. The investor group also comprises UAE sovereign wealth fund Emirat...
Hospital chain Aster DM to sell majority stake in Gulf business for $1 billion
Hospital chain Aster DM to sell majority stake in Gulf business for $1 billion
Source: Reuters
2023-11-29 10:17:49 am
Brisk export orders stoke new season basmati rice prices in India New season basmati rice prices in India have surged this year due to robust demand from the world's top buyers in the Middle East and Europe, forcing bulk buyers in wholesale grain markets to pay 10% to 15% more than last year. Last month's decision to cut a floor price for basmati rice exports to $950 a ton from $1,200 a ton has spurred a flurry of export contracts, boosting demand and pushing up prices in most wholesale markets of top grain growing states, farmers said. This m...
Brisk export orders stoke new season basmati rice prices in India
Brisk export orders stoke new season basmati rice prices in India
Source: Reuters
2023-11-29 08:59:50 am
OPEC+ looking at deeper oil cuts ahead of Thursday meeting OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday amid a quota disagreement between some producers, an OPEC+ source said on Monday. Several analysts have said they expect OPEC+ to extend or even deepen supply cuts into next year in order to support prices, which on Monday were trading just above $80 a barrel, down from near $98 in late September. An OPEC+ source said he expected there to be an option for a "collective furt...
OPEC+ looking at deeper oil cuts ahead of Thursday meeting
OPEC+ looking at deeper oil cuts ahead of Thursday meeting
Source: Reuters
2023-11-28 11:38:49 am
Oil on track to snap losing streak on hopes of further OPEC+ cuts Oil prices rose on Tuesday, snapping a multi-session losing streak ahead of a crucial meeting of OPEC+, which is widely expected to deepen and extend cuts to oil production amid fears of supply being consistently higher than demand. Brent crude futures were up 45 cents, or 0.6%, at $80.43 a barrel at 0152 GMT, on track to snap a four-day losing streak. U.S. West Texas Intermediate (WTI) crude futures were trading 43 cents higher, also 0.6%, at $75.28 a barrel, after falling for three strai...
Oil on track to snap losing streak on hopes of further OPEC+ cuts
Oil on track to snap losing streak on hopes of further OPEC+ cuts
Source: Reuters
2023-11-28 09:18:51 am
Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting Oil prices fell by more than 1% on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting, leading to speculation that producers might cut output less than earlier anticipated. Brent futures were down $1.04, or 1.3%, at $80.92 a barrel by 0230 GMT, after falling as much as 4% on Wednesday. U.S. West Texas Intermediate crude dipped 90 cents, or 1.2%, to $76.20, after declining as much as 5% in the previous session. Trade was expected to remain m...
Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting
Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting
Source: Reuters
2023-11-23 08:50:17 am
36% consumers in India expecting to increase their spending, much higher than global average of 17% India is one of the most optimistic markets, compared to other global economies, with 5 out of 10 exhibiting positive sentiment with regards to both macro-economic factors such as geo-political concerns, recession or inflation as well as micro factors such as personal finances and their future income outlook, as per 2023 Global Consumer Sentiment survey from Boston Consulting Group (BCG), “This positive attitude is translating into spending resilience, with 36 per cent of consumers i...
36% consumers in India expecting to increase their spending, much higher than global average of 17%
36% consumers in India expecting to increase their spending, much higher than global average of 17%
Source: IANS
2023-11-22 09:50:13 am
Usha Martin surges as its arm incorporates joint venture company in Kingdom of Saudi Arabia Usha Martin is currently trading at Rs. 321.50, up by 6.45 points or 2.05% from its previous closing of Rs. 315.05 on the BSE. The scrip opened at Rs. 315.25 and has touched a high and low of Rs. 323.00 and Rs. 315.25 respectively. So far 15101 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 373.60 on 11-Sep-2023 and a 52 week low of Rs. 125.25 on 23-Nov-2022. Last one week high and low of the scrip stood at Rs....
Usha Martin surges as its arm incorporates joint venture company in Kingdom of Saudi Arabia
Usha Martin surges as its arm incorporates joint venture company in Kingdom of Saudi Arabia
Source: Accord Fintech
2023-11-13 11:24:40 am
Oil prices ease on worries of waning demand in US and China Oil prices eased on Monday, reversing their rally on Friday, as renewed concerns over waning demand in the United States and China dented market sentiment. Brent crude futures for January were down 35 cents, or 0.4%, at $81.08 a barrel at 0051 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were at $76.82, down 35 cents, or 0.5%. Both benchmarks gained nearly 2% last Friday as Iraq voiced support for oil cuts by OPEC+, but lost about 4% for the week, notchin...
Oil prices ease on worries of waning demand in US and China
Oil prices ease on worries of waning demand in US and China
Source: Reuters
2023-11-13 09:02:21 am
Oil set for third weekly decline as Middle East conflict concerns ebb Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves. Brent crude futures for January were flat at $80.01 a barrel at 0157 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were at $75.67, down 7 cents. Brent futures are down 5.7% this week while WTI has declined 5.9% since last...
Oil set for third weekly decline as Middle East conflict concerns ebb
Oil set for third weekly decline as Middle East conflict concerns ebb
Source: Reuters
2023-11-10 08:53:51 am
Asia stocks snap winning streak, await RBA Asian stocks snapped a three-day winning streak on Tuesday, slipping as the bond market's rally paused and investors reined in enthusiasm about a possible peak in global interest rates. Focus is on whether Australia's central bank turns odd man out and raises rates, with a policy decision due at 0330 GMT. Stubbornly high core inflation last quarter has markets pricing about a 60% chance the Reserve Bank of Australia raises its benchmark cash rate to a 12-year high of 4.35%. O...
Asia stocks snap winning streak, await RBA
Asia stocks snap winning streak, await RBA
Source: Reuters
2023-11-07 08:54:54 am
Oil nudges higher after Saudi Arabia, Russia stick to output cuts Oil prices edged up on Monday after top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil. Brent crude futures rose 41 cents, or 0.5%, to $85.30 a barrel by 0000 GMT while U.S. West Texas Intermediate crude was at $81.05 a barrel, up 54 cents, or 0.7%. In line with analysts' expectations, Saudi Arabia confirmed it would conti...
Oil nudges higher after Saudi Arabia, Russia stick to output cuts
Oil nudges higher after Saudi Arabia, Russia stick to output cuts
Source: Reuters
2023-11-06 09:05:29 am