📰 Latest Economy & Stock Market News
Gold steady on caution ahead of US jobs data
Updated at : 2021-09-01 09:20:01

Spot gold was steady at $1,813.93 per ounce by 0109 GMT. US gold futures were down 0.2% to $1,815.10.

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Oil steady ahead of OPEC+ supply decision
Updated at : 2021-09-01 09:20:01

The Organization of the Petroleum Exporting Countries (OPEC), Russia and allies, together called OPEC+, are due to meet on Wednesday at 1500 GMT to decide whether to stick to a plan to add 400,000 barrels per day (bpd) each month through December.

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JSPL to raise $1 billion through non-convertible, unsecured bonds
Updated at : 2021-09-01 09:20:01

The company, while announcing its June-quarter results, said that it plans to invest close to Rs 18,000 crore in the next six years on both maintenance and growth Capex. For FY 22, the company has earmarked capex of Rs 2,400 crore.

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El Salvador Congress backs $150 mn fund for Bitcoin ahead of adoption
Updated at : 2021-09-01 09:20:01

With 64 votes in favor and 14 votes against, Congress approved the fund as El Salvador, which already uses the U.S. dollar, prepares to officially adopt bitcoin on Sept. 7.

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Support.com, other new meme stocks dip, hitting pause in monster rally
Updated at : 2021-09-01 09:20:01

Shares of software company Support.com shot up 313% in the six trading sessions through Monday and were up more than 1,400% year-to-date. They were down 11.3% on Tuesday afternoon.

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Buy Asian Paints, target price Rs 3320: Yes Securities
Updated at : 2021-09-01 09:20:01

Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 307072.78 Crore) operating in Building Materials sector.

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Report on Google’s investment plan ‘speculation’: Airtel
Updated at : 2021-09-01 08:20:02

The company’s response came a day after Bharti Airtel Chairman Sunil Mittal, speaking in the context of possible monetisation of Bharti’s digital assets, said “any potential alliances or equity stake offers to key strategic global investors would only be through parent company Airtel.

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Maruti likely to make 60% fewer cars in Sept as chip crunch bites
Updated at : 2021-09-01 08:20:02

In a filing to the bourses the company said owing to a supply constraint of electronic components due to the semiconductor shortage situation, the company is expecting an adverse impact on vehicle production in the month of September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt. Ltd. (SMG) in Gujarat.

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Shoppers Stop sells off Crossword to franchisee
Updated at : 2021-09-01 08:20:02

Shoppers Stop, which operates a chain of department stores across India, has sold its subsidiary Crossword Bookstores to the owners of its Pune-based franchisee — Agarwal Business House — for around Rs 42 crore.

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Stocks in the news: Maruti Suzuki, Wipro, Yes Bank, BHEL and Shoppers Stop
Updated at : 2021-09-01 08:20:02

Maruti Suzuki said it expects total vehicle production in September to be just 40 per cent of the normal output due to the semiconductor shortage.

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