Mon, May 17, 2021 2:47 PM
Fuel prices at an all-time high; petrol price in Mumbai near Rs99
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Futures slid as much as 9.3% to the lowest since mid-March in New York, and are now about a third lower than a record high set two weeks ago. Price moves have also been more erratic as a liquidity crunch upended the market after it became more expensive for traders to maintain their positions. Poor harvests in West Africa have left the world facing a third year of shortages.
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ICICI Bank’s prompt denial of Managing Director Sandeep Bakhshi “sending feelers” about his desire to exit as reported by The Morning Context managed to arrest any significant erosion in the stock in today’s trade. The ICICI bank stock ended 1 percent lower at Rs 1,139 per share on May 2.But analysts said it’s not difficult to see why any such news would send a big shock to markets.
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Information technology firm Wipro Ltd on May 2 elevated Hari Shetty as its Chief Strategist and Sales Excellence Officer from immediate effect, it said in an exchange filing.Shetty is a 31-year-old veteran at the company and led the technology platform, products, and gaming business division before the appointment.He is the first CXO-level personnel to be appointed after Srinivas Pallia took over.
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