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The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report Chinese oil demand would grow 510,000 barrels per day (bpd) this year after posting in 2022 its first contraction for years due to COVID containment measures.

At the lower level stock made a double bottom and gave some pullback to make a high around 1151 levels. In the last 4-6 week’s price moved in the consolidation phase taking support of multiple bottoms and facing the resistance of multiple tops in the last two weeks with high volume price has breached the pattern and closing above indicate further upside rally.

A sharp slowdown in net hiring, muted growth outlook in 4Q and a potentially slower conversion of bookings to revenues points to a sharp growth moderation for Indian IT firms. However, falling attrition and ongoing improvement in the employee pyramid should support margin recovery

Deep Diamond provides a varied range of 18k real diamond jewellery and solitaires and has been in the business for about 25 years. The company has its own manufacturing facility, which gives it a competitive advantage over other retailers in pricing.

Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 256144.26 Crore) operating in Auto sector.

The brokerage expects EBITDA margin of 12.9% (+90bp q-q) due to a higher mix of the higher-margin tractor segment, price hikes, cost control and lower commodity inflation.

Allocations for sectors that have seen a high impact on the ground under active PLI schemes such as electronic manufacturing and IT hardware could be raised, people familiar with the deliberations told ET. Finance minister Nirmala Sitharaman had in the FY22 budget announced ₹1.97 lakh crore for PLI schemes that now cover 14 key sectors. This incentive amount, which is for the five-year period beginning FY22, may be raised in the budget.

Netherlands’ largest lender examining books, top brass was in India recently.

The net premium income for the quarter rose 4.3% on-year to Rs 9,465 crore

The three oil marketing companies (OMCs) did not change prices beginning April 6 despite cost of raw material rising. This led to the three booking a combined loss of Rs 21,000 crore during April-September 2022