India’s love for gold is phenomenal. Since ancient times, it has remained the country’s favourite choice as an asset and investment. In society, how much gold one holds is an important determinant of one’s social and economic status. Although with time, preference for investing in physical gold has declined, it has never lost its sheen …
Silver Lake buys stake in Reliance Jio Days after social media giant Facebook bought a stake in India’s largest telecom company, Reliance Jio, an American private equity giant Silver Lake Partners has invested Rs 5,655.75 crore in Jio Platforms. Post the deal, Jio Platforms, which is a digital unit of Reliance Industries Ltd (RIL) will …
As commodity exchanges throughout the world battle the unprecedented impact of coronavirus, India exchanges have not remained untouched with the ongoing fiasco. Commodity traders all over the world will never forget the day when crude oil prices fell below zero for the first time in history. That sent everyone into a panic and some brokers …
Earlier this month, the US benchmark crude oil prices turned negative for the first time in history, sending shockwaves across global energy and financial markets. Ahead of the expiry, May futures for US crude oil WTI closed at $37.63 a barrel. The negative prices led the commodity exchange, MCX, to settle crude oil contracts at …
Crude oil is one of the most traded commodities globally. The reason for huge trade volumes is the dual-use nature of the commodity. Crude oil is primarily used as a source of energy, but it is also used as an investment product for portfolio diversification by some investors. An important aspect of the crude oil …
A dispute between commodity exchange, Multi Commodity Exchange (MCX), and brokerages came to light after the US benchmark crude oil prices turned negative for the first time in history earlier this month. Owing to the unforeseen losses caused due to the unprecedented fall in oil prices, MCX, according to news reports may set the bottom …
India has been hit hard by the Covid-19 pandemic. A national lockdown has been imposed and economic activity has come to a halt. Experts believe the Covid-19 pandemic will push the world into recession. The stock market rout in March was a reflection of the grim forecast. But India’s largest company by revenue and profits—Reliance …
Crude oil prices went into a free fall on April 20, 2020, sending ripples across the world. The US crude oil price fell into negative territory for the first time ever, even as the coronavirus pandemic dried out demand globally. On that historic Monday, the price of a West Texas Intermediate (WTI) barrel, which is …
The world has been battling a dangerous pandemic since the beginning of this year. The imposed lockdown has had a severe effect on various industries, majorly hospitality, travel, tourism, construction, and some other services. Markets have been volatile and traders have been panic-selling in fear of losing. The Sensex experienced a historic 32% fall between …
COVID-19 has caused unimaginable destruction, death and misery to millions in a matter of a few months. With more than 1 lakh deaths, 2o lakh plus infected and extended lockdowns, economies across the world are in shambles. Today, many parts of the world resemble a ghost town where you expect zombies to come out of …
