Tue, Oct 1, 2024 5:04 PM
Brent crude falls over 2% to $70/bbl on supply concerns and weaker demand
A Flip by Avya Verma
Anil Ambani's flagship firm Reliance Infrastructure Ltd on Friday (December 20) said it has been ordered to pay ₹494 crore, along with interest, following an arbitral award passed on December 18, 2024, in a dispute with Aravali Power Company Private Ltd (APCPL) over an EPC contract. "..it is hereby informed that today the company is in receipt of an arbitral award dated December 18, 2024.
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Spot gold, reeling under the huge downside pressure due to lack of China’s stimulus details, strong US data and the Fed’s hawkish shift in its monetary policy announced on Wednesday fell below $2600, though it recovered some of its losses in the last two trading days of the week. The metal closed with a gain of 1.13% at $2624 on Friday.
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Foreign portfolio investors (FPIs) recorded net equity inflows of Rs 21,789 crore in December so far, marking a significant reversal after months of heavy outflows. With this surge in December, FPIs have experienced a total net inflow of Rs 6,770 crore in 2024, compared to outflows of Rs 15,019 crore at the end of November. This turnaround comes after heavy off-loading in domestic equities.
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