Regional trade shows

MUMBAI: Housing prices in Mumbai Metropolitan Region (MMR) have started easing as registration of apartments in several developers’ projects has shown an early trend of a downward movement, showed a study. According to registration data available for 275 projects, around 70% have witnessed a decline in the last two months of May and June from average prices in 2019-20, showed a study by data analytics firm Propstack. This is based on an analysis of 275 residential projects in Mumbai, Navi Mumbai and Thane that have seen registration of properties during this period. “Majority of the deals are such where booking took place pre-Covid and being registered now. It appears that homebuyers may be renegotiating for better pricing and incentives given the impact of pandemic before registration,” said Sandeep Reddy, co-founder, Propstack. The rates considered for the analysis are blended prices including floor rise, car parking, preferred location charges and other such … [Read more...] about Early trends show downward pressure on MMR property prices, says report

Of the total, 2.19 trillion yuan came from cross-border trade in goods, and 890 billion yuan came from cross-border trade in services and other current account items, said the People's Bank of China. … [Read more...] about Cross-border trade settlement in renminbi at 3.08 trillion yuan in H1

According to traders, domestic benchmarks followed negative trend in global equities as concerns over fresh spike in the number of COVID-19 cases and its impact on economic recovery weighed on investor sentiment. … [Read more...] about Sensex down over 173 points in early trade; financial stocks drag

NEW DELHI: Shares of SBI Cards and Payment Services Ltd. traded 0.13 per cent down in Friday's trade at 12:14PM (IST). Around 54,980 shares changed hands on the counter. The stock opened at Rs 696.0 and touched an intraday high and low of Rs 704.95 and Rs 689.45, respectively, in the session so far. The stock of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 769.0 and a 52-week low of Rs 495.25. Total market cap of the SBI Cards and Payment Services Ltd. stood at Rs 65323.22 crore at the time of writing this report. Key Financials The company reported consolidated net sales of Rs 2433.24 crore for the quarter ended 31-Mar-2020, down 1.85 per cent from previous quarter's Rs 2479.12 crore and down 22.69 per cent from the year-ago quarter's Rs 1983.26 crore. The net profit for latest quarter stood at Rs 83.5447 crore, down 66.41 per cent from the corresponding quarter last year. Shareholding pattern As of 31-Mar-2020, domestic institutional investors held … [Read more...] about Trending stocks: SBI Card shares flat in afternoon trade

Forex traders attributed the rupee’s weakness to stronger US dollar against its key rival currencies. The dollar index, which measures the American currency’s strength against a basket of major currencies, was at 96.8640, up 0.17 per cent. … [Read more...] about Rupee weakens by 17 paise against US dollar in opening trade