Brent oil surged to $100 a barrel for the first time since 2014 as Russia’s dramatic escalation of the Ukraine crisis sparked fears of a disruption to the region’s critical energy exports.
PIA CHAUHAN
Gold Buy or Sell: Gold buyers in charge above $1880, Eyeing a Daily Close Above $1900
Gold Buy or Sell: Gold is subdued on a choppy tradingsession, clinging to the $1,900 mark amongst an overall upbeat marketmood, following a series of sanctions imposed by the US to Russia, which appeared tobe measured, an excuse for investors to seekriskier assets. gold (Yellow Metal) is trading at $1,908 at the time of writing.
Gold Price Target $1,910 on a weekly close above $1,877
Gold Price Target And Forecast: Gold continues to improve, but still has more work to do to mark an important break higher, in the opinion of strategists at Credit Suisse.
Axis Bank Is Set To Buy Citigroup’s $21.5 Billion India Retail Unit
- Axis Bank is nearing a deal to buy Citigroup Inc.’s India retail banking business in a transaction that could be valued at about $2.5 billion
- An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the RBI
- The deal would include a cash component of less that $2 billion, accounting for the consumer’s business’s liabilities.
- Axis Bank emerged as the buyers with factors such as job security for current Citigroup employees and competition concerns being taken into account.
- Axis Bank will need around six months to merge its consumer business with Citigroup’s
Crude Oil Set for First Weekly Drop Since December on Iran Progress
Crude Oil headed for its first weekly loss since mid-December as Iran moved closer to reviving a nuclear accord that would lift American sanctions on its petroleum exports.
Max Healthcare To Acquire Stake In Eqova Healthcare
Max Healthcare Institute Ltd. announced acquisition of equity stake in Eqova Healthcare.
- Shares equivalent to 26% of stake in Eqova shall be acquired in the first tranche. The cost of acquisition of tranche 1 shares if Rs 47.18 crore.
- The acquisition of remaining equity stake will be completed in a phased manner.
- Eqova has long-term exclusive rights to aid development of and provide medical services to a 400-bed hospital to be built on Patparganj, Delhi.
What To Expect From Today’s Trading Session [08-02-2022]
Benchmark Indices are expected to open on a flat to positive note as suggested by trends on SGX Nifty. US stock markets closed lower on Monday, …