AI trade faces biggest test yet as chip stocks tumble across Asia Asian stocks suffered brutal sell-offs on Friday, with Taiwan and South Korea taking the biggest hits as investors turned cautious amid AI fears. The plunge came as Wall Street witnessed its worst session in 18 months, wiping out $2.5 trillion in investor wealth…
Oil prices inch towards $100 per barrel Crude oil prices moved higher again, with Brent approaching the $100-per-barrel mark and US West Texas Intermediate (WTI) also registering gains after the sharp losses recorded earlier in the week. Brent crude was trading at $99.59 per barrel, up $1.30 or 1.32%, while WTI stood at $91.34, gaining…
MUMBAI: Gold loan defaults have nearly doubled in five months even as outstanding balances tripled over three years, pointing to a rise in stress in a rapidly expanding segment of the lending market. Loans overdue by more than 90 days accounted for 0.3% of the portfolio in Aug 2026, up from 0.2% in March 2026….
NEW DELHI: Mahindra & Mahindra’s consolidated net profit rose 25% to Rs 4,588 crore in the Sept quarter, as strong growth in its automobile business offset a decline in farm earnings. Revenue increased 25% to Rs 57,553 crore.Mahindra’s auto business reported a 55% increase in consolidated profit to Rs 2,388 crore, with revenue rising 39%…
NEW DELHI: Adani Ports and Special Economic Zone (APSEZ) has agreed to acquire 100% of Netherlands-based Evos BV from Igneo Infrastructure Partners at an enterprise value of $2.9bn, marking a major expansion of its international operations and giving it a significant presence in Europe’s liquid storage and energy infrastructure market.The proposed all-cash transaction values Evos…
MUMBAI: Mehli Mistry, former trustee of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, has contested Noel Tata’s qualification to sit on the same board under the trust’s century-old deed, raising questions about his faith, citizenship and residence.In a rejoinder filed before the Maharashtra Charity Commissioner on Thursday, Mistry sought directions requiring Noel to file…
US President Donald Trump MUMBAI: A global rally in stocks post Americans’ rebuke to Trump’s policies through the recent midterm polls lifted investor sentiment on Dalal Street on Thursday with the sensex closing 2,009 points or 2.6% higher at 79,310 points – the highest level in eight months.Since Wednesday, after US poll results started coming…
Several factors are working to drive the current rally, the most important one being expectations of relief on long term capital gains (LTCG) tax for investors. Indian equity markets recorded their sharpest single-day rise in seven months on Thursday, supported by a decline in oil prices following the Democrats’ sweeping victory in the US midterm…
The potential impact on market activity is another important consideration for doing away with LTCG. The State Bank of India (SBI) in its recent research report has listed ways in which the government can look at doing away with the long term capital gains (LTCG) tax without taking a major hit on its revenue collections.The…
The flood of talent returning to India is faced with a harsh reality. Salary figures in India are not as fat. US President Donald Trump’s immigration and visa crackdown, AI-led layoffs in the technology sector and rising uncertainty on H-1B visas and green card backlog is prompting a hoard of Indians to return.But, life is…
