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Luxury home sales upgrade in Delhi-NCR
12 Jul

Luxury home sales upgrade in Delhi-NCR

editorBusiness, News
New Delhi, According to a report by CBRE and Assocham, 3,960 luxury homes were sold in Delhi-NCR during the January-June period, each priced at Rs 6 crore or more, a more than three-fold increase on a year-on-year basis. 1,280 units were sold in Delhi-NCR in the same period a year ago. "The luxury housing segment recorded an 85 per cent year-on-year growth in sales in January-June 2025, with nearly 7,000 units sold across the top seven cities," the report said. In Mumbai and Delhi-NCR, the consultant has considered homes priced at Rs 6 crore or more as the luxury segment.…
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Aluminium futures prices upgrade on new deals
11 Jul

Aluminium futures prices upgrade on new deals

editorBusiness, News
New Delhi, Aluminium prices rose marginally to Rs 250.90 per kg in futures trade on Friday as speculators created new deals amid positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for August delivery rose 5 paise or 0.02 per cent to Rs 250.90 per kg in a business turnover of 1,202 lots. Analysts said buying of new deals by traders amid demand from consumer industries supported aluminium prices in the futures market.
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TCS Q1 earnings: Net profit upgrade 6%, revenue up 1.3%; company announces ₹11 per share dividend
10 Jul

TCS Q1 earnings: Net profit upgrade 6%, revenue up 1.3%; company announces ₹11 per share dividend

editorBusiness, News
The country's largest information technology company, Tata Consultancy Services (TCS), on Thursday, July 10, reported a net profit of ₹12,760 crore in the first quarter of the current financial year, up 6% from ₹12,040 crore in the same period last year. On a sequential basis, TCS' net profit rose 4.38% from ₹12,224 crore. The profit figures were better than HSBC estimates as analysts at HSBC expected the country's third-largest company by market capitalisation to report a net profit of ₹11,925 crore. Its operating revenue rose 1.3% to ₹63,437 crore as against ₹62,613 crore in the same period a year ago.…
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Union Bank of India shares downturn 6% as lender sees weakest loan growth in four quarters
09 Jul

Union Bank of India shares downturn 6% as lender sees weakest loan growth in four quarters

editorBusiness, News
Shares of Union Bank of India fell nearly 6% to a low of ₹141.54 per share after the state-run bank shared its business updates for the April-June quarter of FY2025-26. The bank has witnessed the lowest loan growth in four quarters. The total global business of this public sector bank stood at ₹22.14 lakh crore, up 5.01% to ₹22.14 lakh crore from ₹22.08 lakh crore in Q1 FY2024. Sequentially, it has witnessed a decline of 1.80%. On the deposit front, the total global deposits of Union Bank grew 3.63% year-on-year to ₹12.39 lakh crore in Q1 FY2026. However, it declined…
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Copper futures prices upgrade on increased spot demand
08 Jul

Copper futures prices upgrade on increased spot demand

editorBusiness, News
New Delhi, Copper futures prices rose 0.42 percent to Rs 893 per kg on Tuesday due to increased spot demand. The price of copper contracts for July delivery on the Multi Commodity Exchange rose by Rs 3.70 or 0.42 percent to Rs 893 per kg in a business turnover of 7,957 lots. Analysts attributed the rise in copper prices to higher bets by participants.
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Coriander futures prices upgrade due to high demand
07 Jul

Coriander futures prices upgrade due to high demand

editorBusiness, News
New Delhi, coriander prices rose by Rs 18 to Rs 7,254 per quintal in futures trading on Monday as speculators increased their deal size due to strong trend in the spot market. Coriander contract for August delivery on NCDEX rose by Rs 18 or 0.25 per cent to Rs 7,254 per quintal in which 9,310 lots were traded. Market analysts said coriander prices rose due to strong trend in the spot market and limited supply from producing areas.
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Crude oil futures downgrade amid weak demand
05 Jul

Crude oil futures downgrade amid weak demand

editorBusiness, News
New Delhi, Crude oil futures on Friday fell by Rs 20 to Rs 5,704 per barrel as participants offloaded their positions due to weak demand in the spot market. Crude oil contracts for July delivery on the Multi Commodity Exchange fell by Rs 20, or 0.35 percent, to Rs 5,704 per barrel in a business turnover of 11,943 lots. Analysts said prices were impacted as participants offloaded their positions amid weak demand in the spot market. Globally, West Texas Intermediate crude was trading 0.36 percent lower at $66.76 per barrel, while Brent crude was down 0.47 percent at $68.48 per…
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Rupee upgrade 31 paise to 85.31 against US dollar
04 Jul

Rupee upgrade 31 paise to 85.31 against US dollar

editorBusiness, News
New Delhi, The rupee on Thursday recovered from early losses to close 31 paise higher at 85.31 (provisional) following a weakening of the dollar against major currencies overseas and a fall in US Treasury yields. Forex traders said the dollar declined due to weaker-than-expected ADP non-farm employment data from the US. They said a fall in global crude oil prices also supported the local currency. The domestic currency opened at 85.69 against the US currency at the interbank foreign exchange market and touched an intra-day high of 85.19 and a low of 85.70 during the session. The local currency finally…
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Nykaa block deal: Shares downturn 4% as 2.3% equity changes hands
03 Jul

Nykaa block deal: Shares downturn 4% as 2.3% equity changes hands

editorBusiness, News
Nykaa block deal: Shares of FSN E-Commerce Ventures Ltd, commonly known as Nykaa, traded 4% lower at ₹203.10 per share on the NSE in morning trade on Thursday, July 3, after a block deal was witnessed in the company. According to a TV report, six crore shares representing 2.3% equity changed hands through the block deal during the block deal window in the morning session. Earlier, reports said that Harinderpal Singh Banga and Indra Banga are likely to sell 2.1% equity of Nykaa through the block deal. The Banga family is one of the early backers of Nykaa. The family…
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Crude oil prices upsurge on spot demand
02 Jul

Crude oil prices upsurge on spot demand

editorBusiness, News
New Delhi, Crude oil prices rose by Rs 24 to Rs 5,639 per barrel in futures trade on Wednesday as participants increased the size of their deals following strong spot demand. Crude oil prices for July delivery rose by Rs 24, or 0.43 percent, to Rs 5,639 per barrel on the Multi Commodity Exchange in a business turnover of 14,050 lots. Analysts said crude oil prices rose in futures trade as participants increased their bets. Globally, West Texas Intermediate crude was trading 0.46 percent higher at $65.75 per barrel, while Brent crude rose 0.46 percent to $67.42 per barrel in…
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