Epic Research

India likely to impose 10% tax on imported palm oil

India could impose a tax on imported palmoils amid demands for enhanced export incentives on soyabean derivatives to ensure that growers of the edible oil crop in Maharashtra, where state polls are due this autumn, get remunerative prices after Iran sanctions shut down a crucial market.

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DLF gains 2% on infusion of Rs 2,250 cr by promoters

The new infusion came through two holding entities including Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services which has taken the promoters’ collective stake to 74.95 percent in the company.

Shares of real estate major DLFgained as much as 2 percent intraday on June 28 after its promoters infused Rs 2,250 crore in the company against the issuance of new equity shares.

The scrip has added as much as 6 percent in the last three days.

The new infusion came through two holding entities including Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services which has taken the promoters’ collective stake to 74.95 percent in the company

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Gold rises ahead Trump-Xi meeting; set to post 6th weekly gain

Gold prices rose on Friday, heading for a sixth weekly gain in a row, as investors await a meeting between US #President Donald Trump and Chinese President Xi Jinping this weekend for any developments on trade.

Spot gold was up 0.6 per cent at $1,418.21 per ounce as of 0115 GMT. Gold prices touched $1,438.63 earlier this week, their highest since May 14, 2013.

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Oil prices steady, focus turns to G20 gathering

Oil prices were steady on #Friday, with focus shifting to the G20 summit where a scheduled meeting between US President Donald Trump and Chinese#President Xi Jinping has stirred hopes that trade tensions could ease.

Brent crude futures were up 5 cents, or 0.08 per cent, at $66.60 per barrel by 0043 GMT.

US West Texas Intermediate (WTI) crude futures were down 2 cents, or 0.03 per cent, at $59.41 a barrel.

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Rupee opens higher, below 69 for the first time since April.

The Indian rupee opened higher at 69.01 per #dollaron #Friday against previous close 69.06.

The rupee has slipped below 69 per dollar mark for the first time since April 11.

On June 27 the Indian rupee ended 8 paise higher at 69.06 against the US dollar on the back of easing crude oil prices and weaker greenback.
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Asianshares inch up as investors await Trump-Xi meeting.

In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.02%, following on from modest gains in global equity markets overnight. U.S. stock futures, the S&P 500 e-minis, were up 0.2%.

Share markets in Asia edged higher early on #Fridaymorning as investors clung on to hopes that a highly anticipated meeting between U.S. #President Donald Trump and Chinese President Xi Jinping this weekend could lead to an easing of trade tensions.

Yet the gains were small and underscored uncertainty over whether the talks will produce definitive progress in ending the year-long trade war between the world's two largest economies.

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