Crude oil futures up on global cues

On the Multi Commodity Exchange, crude for delivery in September contracts was trading higher by Rs 10, 0.26 percent to Rs 3,878 barrel in 18,140 lots. Globally, the West Texas Intermediate was trading higher by 0.98 percent to USD 53.87. Meanwhile, Brent crude, the international benchmark rose 0.36 per cent…

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Karvy Stock Broking CEO

Edited excerpts: Q: Do you think the global economy is heading for a recession? A: BoFA-ML fund manager survey revealed that 34 percent of them expect a recession in 12 months, the highest since 2011. This is not surprising, given that the US yield curve has inverted recently. Q: With…

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Amazon deal to help payments side more

Future Group founder Kishore Biyani has said global e-commerce giant Amazon’s investment in the firm is not just to raise money but also to become a part of the ecosystem. The company recently announced Amazon picking up a full 49 percent stake in Future Coupons, the promoter entity of Future…

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Gold futures up on global cues, spot demand

Gold prices rose 0.08 percent to Rs 38,861 per 10 gram in futures trade on August 27 as speculators built up fresh positions in domestic markets. On the Multi Commodity Exchange, gold for delivery in October traded higher by Rs 33, or 0.08 percent, to Rs 38,861 per 10 gram…

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