Commodities
- Oil drops on dollar strength and OPEC+ supply expectations
- Bots hyped up GameStop on major social media platforms, analysis finds
- GameStop shares on track to triple for week as options trading spikes
- InVITs, REITs can conduct unitholders' annual meetings through video conference till Dec
- Sebi bans Indira Trading Company, 7 individuals
- DLF plans to raise up to Rs 395 cr via issue of debentures
- Sovereign gold bond issue price fixed at Rs 4,662 per gram
- BSE bulk deals: ICICI Bank offloads shares of Gammon Infra
- Will the 2021 earnings bonanza really happen?
Oil Seeds & Oils
MCX
Oil prices fall on rising US dollar, expectations for supply gains
U.S. West Texas Intermediate (WTI) crude futures dropped 36 cents, or 0.6%, to $63.17 a barrel at 0241 GMT, giving up all of Thursday's gains.
Crude oil futures rise on spot demand
On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 57, or 1.25 per cent, at Rs 4,625 per barrel in 5,929 lots.
Oil prices hit 11-mth highs on tighter supplies, Fed assurance on low rates
Brent crude futures for April gained 19 cents, 0.3 per cent, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1 per cent.
Pravin Jadhav's Raise Financial gets seed funding from Mirae, others
Raise Financial, which will specialise as a money management platform for financially aware customers, plans to use the funding for hiring talent across verticals, founder Pravin Jadhav says.
ONGC is rallying like it’s 2013 as surging oil prices boost outlook
Investor behaviour on the ONGC counter so far in February showed they expect the gains to sustain in the near term.
Fuel price relief as oil companies spare petrol, diesel from price hike
Accordingly, the price of petrol continued to be at Rs 90.93 a litre and diesel Rs 81.32 a litre in the national capital. Elsewhere in the country as well, fuel prices remained unchanged after oil companies increased its pump prices on 13 of the last 16 days.
RIL hives off oil-to-chemicals biz
The interest-bearing loan from RIL to the O2C company will be an “efficient mechanism to upstream cash, including any potential capital receipts in the unit”, it said.
Oil holds near year-long highs as Covid lockdowns seen easing
Brent crude was up 7 cents, or 0.1%, at $65.31 a barrel by 1505 GMT, still close to its highest levels since January 2020. US crude fell 14 cents, or 0.2%, to $61.56 a barrel.
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