The Indian rupee slipped to a fresh lifetime low on Friday as escalating geopolitical tensions in the Middle East and rising crude oil prices rattled financial markets. The sharp spike in oil prices has raised concerns about India’s economic outlook, given the country’s heavy dependence on energy imports. The domestic currency weakened to 92.39 per…
For every Blockbuster, which the stockmarket started marking down two years before the video-rental darling’s revenues peaked in 2004, there is a BlackBerry or a Kodak, where investors failed to detect trouble until the business was on its last legs. Like economists and recessions, markets often anticipate a technological disruption that never happens. When Thomas…
Futures markets assign a 99.4% chance that the Fed leaves interest rates unchanged at its policy meeting next week. Source
Maharatna PSU stock GAIL (India) has signed a memorandum of understanding (MoU) with RailTel Corporation of India to explore opportunities in the telecom sector and strengthen digital infrastructure across the country. Under the partnership, the two companies will collaborate in key areas of digital infrastructure and telecom services, exploring ways to utilize their existing assets…
By Pete Schroeder and Hannah Lang WASHINGTON, March 5 (Reuters) – US banking regulators clarified on Thursday that banks should not have to hold additional capital against losses when dealing with blockchain-based securities, saying their rules are “technology neutral.” The Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency issued…
Stock Market Today LIVE: Indian stock market benchmarks, the Sensex and Nifty 50, are expected to start Thursday’s session on a stronger note, taking cues from positive trends in global markets. Signals from Gift Nifty also point to a firm opening for domestic equities. Gift Nifty was trading near the 24,725 mark, indicating a premium…
Clean Max Enviro Energy Solutions IPO: The initial public offering (IPO) of Clean Max Enviro Energy Solutions, which opened for bidding on Monday, February 23, saw a weak response from investors. The isse was not fully booked even by the end of Day 2. The qualified institutional buyer (QIB) quota was fully the only one…
IDFC First Bank fraud: After an over 16% crash in the previous session, IDFC First bank share price steadied on Tuesday, February 24. The crash yesterday came after the lender disclosed that a ₹590 crore fraud had been detected at its Chandigarh branch, involving accounts linked to the Haryana government. The revelation, made over the…
Jewelery stock PC Jeweler share price edged higher on Tuesday, February 24 despite stock market crash after it informed stock exchanges that it has expanded its overseas footprint through the incorporation of a step-down subsidiary in Africa. The stock rose as much as 1.2% to its day’s high of ₹10.12 on BSE. In comparison, the…
IT Stocks: India has increasingly emerged as what Chris Wood of Jefferies describes as the “reverse AI trade”, a theme he has discussed earlier in the GREED & Fear report. A key positive catalyst came with the announcement of a strategic tie-up between Anthropic and Infosys to jointly develop custom AI agents tailored to the…
