Mumbai: A massive pile up of bad loans at its subsidiaries pulled down by 99.6 per cent the consolidated net profit of nation’s largest lender SBI to Rs 20.7 crore for the September quarter, while its standalone provisioning rose 3-fold. The bank had reported net profit of Rs 4,991.70 crore in the same quarter of last financial year, 2015-16. The ... Read More »
Singapore: Gold fell early on Thursday as investors cautiously watched volatile stock and oil markets for cues, but stayed above $1,200 an ounce, drawing some support from flows into bullion funds. Fundamentals * Spot gold eased 0.2 percent to $1,226.40 an ounce by 0043 GMT. * On Wednesday, gold had risen as much as 2 percent to $1,252.91 as lower ... Read More »
Singapore: Gold eased on Thursday following a bounce in equities, but losses were cushioned by overnight gains that helped the metal snap a three-day losing streak on bets the Federal Reserve could slow the pace of U.S. interest rate hikes. FUNDAMENTALS * Spot gold had fallen 0.2 percent to $1,206.99 an ounce by 0034 GMT, after gaining 0.7 percent on ... Read More »
Researchave Researchave Changing Ideas