10March
Elon Musk plays catch up with Jeff Bezos on rich list; Tesla stocks surge 20% to recoup some losses
Elon Musk seems to be catching up to Amazon Boss Jeff Bezos on the Billionaire’s index, after having given up the top spot earlier last month. Tesla chief’s wealth soared $25.1 billion yesterday as share price of the Electronic Vehicle manufacturer zoomed 20% on Tuesday as investors turned their focus back on stock while yields seemed to be relaxing. Elon Musk was the richest person in the world according to the Bloomberg Billionaires Index, for
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Oil stocks were in focus today as Brent crude futures surged over $70 a barrel on Monday for the first time since Coronavirus pandemic began, following the reports of attacks on Saudi Arabian oil facilities. S&P BSE Oil & Gas index reached a record high of 16,588.30 level, led by gains in GAIL, ONGC (Oil and Natural Gas Corporation Ltd), Indian Oil Corporation Ltd, which hit their respective new 52-week highs. Also, Reliance Industries Ltd
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Gold prices on Wednesday fell by Rs 208 to Rs 44,768 per 10 gm in the national capital, in line with the bleak trends in the international market, according to HDFC Securities. The precious metal had closed at Rs 44,976 per 10 grams in the previous trading session. Silver, on the other hand, rose by Rs 602 to Rs 68,194 per kg as compared with the previous close of Rs 67,592 per kg. HDFC Securities
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Shares of Bharat Petroleum Corporation Ltd (BPCL) on Tuesday zoomed over 6 per cent in early trade after the company said that it will exit Numaligarh refinery in Assam. BPCL said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore. The sale of Numaligarh Refinery Ltd clears the way for privatisation of India’s second-largest fuel retailer. On
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01March
Zerodha customers complain of glitches on Monday morning; NSE, BSE says systems running smooth
India’s largest brokerage house Zerodha was again making headlines on Monday morning, facing customer ire over complaints that prices and trading froze on its trading platform, resulting in losses to users of the discount broking service. HDFC Securities also reported glitches and blocked trading in NSE cash due to the said glitch. Customers took to social media websites to complain about the platform. Both, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) were immediate
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