Sebi mulls ways to make commodity markets ‘deeper and safer’

To deepen commodities derivative markets, regulator Sebi is mulling allowing new products and institutional players while an integrated database is in the works for agriculture as well as non-agri products to better understand the domestic and international trends. Through this database, Sebi intends to become a “timely input provider” to the government in commodity market-related matters as any volatility and ... Read More »

Apple to stop security support for ‘QuickTime for Windows’

Technology giant Apple will not roll out security updates for “QuickTime for Windows” after security software company Trend Micro Inc. reported that two new critical vulnerabilities are affecting the software. Trend Micro’s “Zero Day Initiative” released two advisories detailing two remote code execution vulnerabilities that could allow an attacker to gain control of the victim’s system and access larger company-wide ... Read More »

Asia subdued before OPEC meeting, China GDP taken in stride

Asian stocks were subdued on Friday as caution over a weekend meeting of oil producers tempered risk sentiment, while the region’s markets took China’s relatively upbeat GDP data in stride. Japan’s Nikkei was down 0.3 percent, while Australian shared edged up 0.4 percent. Other modest gainers included Malaysian and Indonesian stocks. Shanghai lost 0.4 percent, while South Korea’s Kospi inched ... Read More »

Gold, silver prices rise on global cues, seasonal buying

Gold prices rose by Rs 180 to Rs 29,430 per ten grams at the bullion market on Saturday, tracking a firm global trend and pick up in buying by jewellers and retailers, amid wedding season demand. Silver also edged up by Rs 50 to Rs 38,700 per kg on higher demand from industrial units and coin makers. Traders said that ... Read More »

Infosys kicks start earnings season on Friday; here’s what brokerages say on IT pack

With the domestic stock market heading for a long weekend, a few important developments would be setting the course of equities for the next week. The first and foremost among them would be the kick-start of March quarter earnings with Infosys’ results on Friday. The IT pack is expected to report a modest revenue growth of  2-3.9 per cent (in ... Read More »

Here’s why the markets may be decoupling from oil

Well, this is a bit of a disappointment. We have oil flying (up nearly 7 percent!), we have a weak dollar, we have China quiet all week, and we have a dovish Fed that traders believe have put some kind of floor under the market. And this is all we get? The Dow Industrials up 40 points in a lackluster, ... Read More »

Column: India’s thirst for gasoline helps spur global oil demand – John Kemp

India’s gasoline consumption is surging and has become one of the fastest-growing components of global oil demand. With other parts of the global economy struggling, continued growth in gasoline consumption in India, together with the United States and China, has become one of the most important indicators for global oil prices. Saudi Arabia and other members of the Organization of ... Read More »

Exclusive: Supermarket watchdog faces review amid fears it is failing farmers

The remit of the supermarket ombudsman is set to be reviewed by the Government, following criticisms that it does not have the power to protect farmers from unfair trading practices. The Groceries Code Adjudicator was set up three years ago to help suppliers  squeezed on their profits and terms by powerful supermarkets. Christine Tacon is the first adjudicator, but her ... Read More »

Concor: near-term headwinds will weigh on valuations

After closing at an annual low recently, the share price of Container Corp. of India Ltd (Concor) has recovered a bit. However, the stock continues to languish about 30% lower than its year’s high in July. That’s after considerably outperforming the benchmark Sensex at the beginning of 2015-16. Firstly, the outlook on volumes is far from rosy. Jignesh Makwana, an ... Read More »

The gains from lower oil prices

The Brent crude price has dropped as much as two-thirds from its high in June 2014 to $37.89 per barrel. For a country that imports a huge portion of its oil requirements, this phenomenon has been a blessing for India. How much did we gain? Firstly, the lower oil prices means under-recovery (or losses from selling fuel below cost) for ... Read More »