AI generated image, used only for representational purpose Oil prices inched higher on Tuesday as traders are now focused on supply demand and recovering shipments across the crucial Strait of Hormuz. Around 7 am, WTI crude was trading at $68.83 a barrel, up 0.41% while Brent crude rose 0.38% to $72.26 a barrel.However, the gains … Read more
Mahindra Group (File photo) CHENNAI: Mahindra Group is betting on a clutch of fast-growing businesses beyond its core automotive and farm equipment operations, setting ambitious expansion targets across hospitality, real estate, logistics, renewable energy, electric mobility and aerospace as it seeks to build multiple long-term growth engines.The diversified conglomerate said its so-called “Growth Gems” – … Read more
Equities advanced on Monday, led by heavyweight HDFC Bank on a strong quarterly business update, while lower crude oil prices also aided sentiment.The Nifty rose 0.7% to 24,430, while sensex too climbed 0.7% to 78,285. They rose 2.4% each in four sessions, closing at a 10-week high.A narrowing rainfall deficit, drop in oil prices amid … Read more
BENGALURU: India’s IPO pipeline is gathering momentum, with the National Stock Exchange (NSE) and Bengaluru-based Manipal Health Enterprises lining up two of the country’s biggest public issues even as smaller new-age companies prepare to tap the market. While NSE is targeting a Rs 30,000-crore IPO in Sept that could value the exchange at over Rs … Read more
Vaishanaw flagged off four new trains and services Railway Minister Ashwini Vaishnaw on Monday flagged off new train services and announced route extensions aimed at improving rail connectivity across Maharashtra, Uttar Pradesh and Uttarakhand, while also inaugurating the extension of an existing service through video conferencing from Bhubaneswar.The minister launched the services from Rail Sadan … Read more
Wall Street opened higher led by a rebound in artificial intelligence (AI) stocks Wall Street opened higher on Monday, led by a rebound in artificial intelligence (AI) stocks as investors returned to the sector after recent volatility, while markets also assessed a planned mega share sale by South Korean chipmaker SK Hynix and an increase … Read more
Trump rings Wall Street bells from Oval Office President Donald Trump on Monday rang the opening bells of the New York Stock Exchange and the Nasdaq from the Oval Office to mark the launch of Trump Accounts, a new investment programme for children created under Republicans’ 2025 tax and spending law.The symbolic ceremony came as … Read more
Saudi Arabia made it biggest cut in its main Arab Light crude for Asian customers Saudi Arabia cut price of its main crude grade effective August for Asian customers amid weakening demand and easing tensions. It’s the largest reduction in over two decades.The sharp price cut comes as pressure grows on the world’s largest crude … Read more
Taiwan’s Unimicron plans a global share sale amid AI-driven chip demand (Representative image) Taiwan’s Unimicron Technology is seeking to raise about $1.4 billion through a global share offering, joining a wave of Asian semiconductor companies tapping international investors as artificial intelligence-driven demand fuels industry expansion.According to a term sheet seen on Monday, the printed circuit … Read more
Morgan Stanley has a bullish outlook on equities India’s recent market cool-off may be a temporary phase rather than a reset. According to Morgan Stanley, stronger economic growth could help the country regain lost valuation ground and reinforce the investment case for Indian equities. The brokerage added that the relative de-rating has been driven largely … Read more