The fighting is increasing fears about oil supplies, but those worries are offset by greater global production and slowing demand in China.
Auto Industry in India – We had a chequered Past, can we expect a bright future? (02-10-2024)
In the end, only few established players will survive in the EV two wheeler space. The rest of the players will either be acquired or will shut down. Tork Motors is already on the verge of shutdown. Okinawa, whose sales volumes once were higher than Ola hardly sells anything now. I see only top 5 players surviving because they have strong backing.
Till today, EV two wheelers are incurring losses on every EV scooter they sell.
Bombay Stock Exchange Brokers’ Forum names Anup Gupta as chairman (02-10-2024)
Bombay Stock Exchange Brokers’ Forum (BBF) on Wednesday said it has appointed Anup Gupta as the chairman, succeeding Kishor Kansagra.
The appointment has been effected from September 30, the Forum said in a statement.
Gupta, who is a director of Sykes & Ray Equities (I) Ltd, brings extensive financial expertise, including M&A, corporate finance, and derivatives.
The Forum represents over 650 securities broking firms in India and actively contributes to regulatory policy.
It also engages globally through affiliations with international financial bodies and focuses on professional development and investor education.
Investors richer by Rs 110.57 trn so far in 2024 amid high rally in markets (02-10-2024)
Investors’ wealth surged by a whopping Rs 110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records.
The market capitalisation of BSE-listed firms soared Rs 110,57,617.4 crore to Rs 4,74,86,463.65 crore (USD 5.67 trillion) so far this year. The market valuation of all listed firms at the BSE hit an all-time high of Rs 477.93 lakh crore on September 27.
The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.
Analysts attributed the sharp rally in the markets to robust domestic liquidity along with strong fundamentals of the Indian economy.
“One of the key highlights of this year is the robust domestic liquidity, driven by record inflows into the mutual fund industry,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Despite selling
European shares defy global slump amid Mideast tensions, energy stocks jump (02-10-2024)
European shares rise, led by energy and defence sectors, amid escalating Middle East tensions after Iran’s missile strike on Israel. STOXX 600 climbs 0.3%, with energy sector up 2.4%, and defence firms like Rheinmetall, Saab, and BAE Systems gaining 2-3%. ECB interest rate cuts anticipated.
Prashant Kishor officially launches Jan Suraaj Party in Patna (02-10-2024)
Prashant Kishor launched the Jan Suraaj Party in Patna, receiving Election Commission approval. He announced plans to end Bihar’s liquor ban and invest in education. Kishor aims to contest all seats in the 2025 Bihar assembly elections, promoting a new political alternative.