Investors remained cautious as higher crude oil prices, rising bond yields and several other concerns continued to weigh on sentiment. Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmarks, extended their decline on Tuesday, crashing over 0.8% after the rout on Monday. Investors remained cautious as higher crude oil prices, rising bond…
The company, which has revenue of $20 billion, is navigating the challenges created by one of the most significant technology shifts faced by the IT industry. Infosys is looking to transition anywhere between a quarter to a third of its workforce into specialist positions and also create a team of about 6,000 frontier engineers, according…
BSE Sensex and Nifty50, the Indian equity benchmarks tanked in morning trade on Monday as persistently high crude oil prices and a spike in US bond yields added to investors’ woes. Both indices crashed over 1% amid the intensifying Iran-US conflict. While Sensex crashed over 1,100 points, Nifty50 went below 22,800. BSE Sensex ended the…
Oil prices rise for second day. Oil prices today: Oil prices rose for a second consecutive session on Tuesday as concerns over potential disruptions to Middle East supplies due to the US-Iran conflict outweighed signs of recovering crude exports from the region.At 8:28 am IST, Brent crude was trading at $106.86 a barrel, up $1.58,…
MUMBAI: Thanks partially to Monday’s sell-off on Dalal Street, the stock price of recently listed NSE slid below its IPO price for the first time and closed at that level. With foreign funds leading the day’s sell-off, sensex lost 1,124 points (1.5%) to close at 72,771 points, nearly a six-month low level. And on NSE,…
Internal dispute has also affected Tata Sons’ leadership MUMBAI: Weeks after Reserve Bank of India directed Tata Sons to comply with upper-layer NBFC-CIC norms, Tata Trusts chairman Noel Tata has proposed merging two subsidiaries, Tata Electronics Systems (TES) and Tata Consulting Engineers (TCE), with the 109-year-old holding company to take it outside the RBI’s regulatory…
Gold tumbles as crude nears $100, stronger dollar clouds Fed rate-cut hopes Spot gold was down 3.8% at $4,121.6 per ounce, after falling to $4,110.5, its lowest since Aug 5. US gold futures fell 3.9% to $4,153.7. “We’ve got crude oil prices sharply higher. And that suggests still more problematic price inflation, which suggests a…
MUMBAI: Private equity (PE) money is chasing the events and experiences economy in India-think KKR’s bet on ticketing and live entertainment platform BookMyShow or Blackstone’s investment in an Indian Premier League (IPL) franchise. Young consumers are now driving household spends and they are allocating a big chunk of their budgets to experiences.Consider this: at Travis…
Sebi orders Growpital to shut down MUMBAI: Markets regulator Sebi has ordered Growpital Platform, an unauthorised collective investment scheme (CIS) that had mobilised about Rs 192 crore to invest in agricultural farms for tax-free returns to investors, to wind up and return investors’ money along with 12% interest. Twenty eight entities associated with Growpital have…
Pension Fund Regulatory and Development Authority (PFRDA) Chairperson S. Ramann MUMBAI: To ensure regulatory guardrails around pension products while giving customers greater choice, Pension Fund Regulatory and Development Authority plans to roll out a suitability platform that will assess NPS subscribers’ risk appetite and ask suitability-related questions before they select a scheme.“Suitability and risk appetite…
