Indian equities are likely to start Tuesday’s session on a weak note, with high crude oil prices and uncertainty over the US Federal Reserve’s policy outlook keeping investors cautious. GIFT Nifty pointed to a lower opening for the Nifty 50 after the Sensex and Nifty gained 0.7% each on Monday, ending a four-session losing streak….
Brent crude fell 0.57% to $115.15 a barrel, while WTI slipped 0.43% to $101.32 Oil prices edged lower on Tuesday as fresh diplomatic efforts to ease the US-Israeli war on Iran raised hopes of reduced supply disruptions, although continued attacks on Saudi Arabia kept the global benchmark Brent crude near six-month highs.Brent crude futures fell…
Meta Platforms Inc is seeking to raise as much as $95 billion from selling common and preferred stock, supporting its development in AI with one of the largest equity offerings in history. The company is offering about $35 billion of common and preferred stock, according to a statement Monday. It also plans to raise as…
File photo: Cargo ship (representative image) NEW DELHI: Government has extended the facility to provide up to 95% risk coverage for shipments under Resilience & Logistics Intervention for Export Facilitation or relief until March 2027. The extension has been given in view of continued geopolitical disruptions in West Asia and impact on maritime logistics across…
File photo: Prime Minister Narendra Modi NEW DELHI: Having focused on providing access to banking to everyone over the last 10 years, Prime Minister Narendra Modi has said that coming decade will focus on making it more efficient and dependable, for which cybersecurity must play a critical role.“If we are to keep the banking system…
File photo: Commerce and industry minister Piyush Goyal HAGUE: Highlighting the growing regulatory burden in Europe, commerce and industry minister Piyush Goyal Monday said businesses wanted greater freedom, simpler procedures and less paperwork, while urging Dutch companies to deepen their engagement with India and tap opportunities in its expanding economy.Goyal said he had repeatedly raised…
Geopolitical tensions and soaring crude prices are fuelling market volatility, weakening the rupee and driving foreign investors away from Indian stocks. MUMBAI: Rising geopolitical risks, elevated crude oil prices, a weakening rupee and unabated foreign fund selling have combined to force Dalal Street investors on the back foot. As a result, markets are bracing for…
MUMBAI: Anil Agarwal, the billionaire-entrepreneur with his origin in Patna in Bihar, is putting in place a plan that would see every Vedanta group company being managed by professionals, and not by any of his family members. The majority ownership of these companies, however, would remain with the group’s London-listed company in which the family…
File photo: GSTAT rules GST on cancelled airline tickets refundable if the airline returns the fare and GST to passengers and has supporting documents. NEW DELHI: GST paid on cancelled airline tickets can be claimed as a refund if the airline has returned both the fare and GST to the passengers and has supporting documents…
At the upper end of this range, the IPO values Jio Platforms at approximately $108 billion. The allotment of Jio Platforms’ Rs 30,213-crore initial public offering (IPO) is expected to be finalised on Monday, following a record-breaking response from investors.Applicants can check their allotment status through the website of the issue’s registrar, KFin Technologies, or…
