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Brent crude oil rose to around $86 a barrel on Tuesday on news of robust Chinese oil demand, although gains were capped by oversupply and concerns over the health of the rest of the global economy.Implied oil demand in the world's largest energy consumer jumped 6.2 percent in September from August to 10.3 million barrels per day, the highest since February.China's factory output also beat expectations, ...
HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20 percent rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses.Net profit rose to 23.81 billion rupees ($388.51 million) in its fiscal second quarter to Sept. 30, from 19.82 billion rupees a year earlier, the Mumbai-headquartered bank said in a statement.Analysts ...
Prime Minister Narendra Modi has greeted the nation on the occasion of Dhanteras, first of the five-day Diwali festival. "Greetings on Dhanteras. May Lord Dhanvantari bless us with prosperity, joy and good health," said Prime Minister Modi. On Dhanteras, also known as Dhantrayodashi or Dhanvantari Triodasi, the Goddess of wealth - is worshiped to provide prosperity and well being.Also See: Dhanteras ...
Gold rose on Monday, snapping two straight losing sessions, boosted by a fall in the dollar and renewed physical demand related to Diwali, India's major bullion-buying event this week.Earlier, gold rose to $1,248.44 an ounce, near a one-month high, as physical bullion demand picked up ahead of Diwali on Wednesday and the start of the Indian wedding season, when demand is traditionally the strongest.Last ...
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