Gold Silver Reports (GSR) – Inside the World’s Most Profitable Company – Now, a first glimpse of the state oil giant’s finances shows Aramco churned out $33.8 billion in net income the first six months of 2017, easily outstripping U.S. titans like Apple Inc., JPMorgan Chase & Co. and Exxon Mobil Corp.
Neal Bhai
Commodities has Rarely Been Stronger, According to Goldman Sachs
Gold Silver Reports (GSR) – Commodities has rarely been stronger, according to Goldman Sachs Group Inc. With raw materials rallying on escalating political-tensions across the globe and economic growth remaining strong, the bank’s analysts including Jeffrey Currie doubled down on their “overweight” recommendation. They reiterated a view that commodities will yield returns of 10 percent over the next 12 months, according to an April 12 note.
India Forex Reserves At Record High Of $424.864 Billion
Gold Silver Reports (GSR) – In the previous week, the reserves had surged by $1.828 billion to $424.366 billion. It had crossed the $400-billion mark for the first time in the week to September 8, 2017, but has since been fluctuating. In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by $657.7 million to $399.776 billion.
Indian Equity Benchmarks came off Intraday Highs
Gold Silver Reports (GSR) – Indian equity benchmarks came off intraday highs as gains in TCS, Kotak Mahindra Bank and Hindalco were offset by losses in Bharat Petroleum, Axis Bank, State Bank of India and Indian Oil.
The S&P BSE Sensex rose 0.26 percent or 90 points to 34,192 and the NSE Nifty 50 index advanced 0.2 percent or 22 points 10,481.
Titan Eyes 10% Market Share In Jewelry Business; Shares Rise
Gold Silver Reports (GSR) – Titan Eyes 10% Market Share In Jewelry Business; Shares Rise – Shares of the jewellery and watch retailer rose as much as 1.6 percent to Rs 991.95 after the company in an exchange filing said that it aims for 10 percent market share in jewellery business.
Heavy Volumes Stocks
Stocks Gaining On Heavy Volumes ✅ Rupa & Company: The Kolkata-based innerwear maker rose as much as 14.6 percent, the most in nearly seven months, to Rs …