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…
Wall Street suffered a massive selloff on Thursday (local time), wiping out a whopping $2.5 trillion in market value in a single day amid AI fears. The fall came a investors pulled back from technology stocks amid growing concerns over heavy artificial intelligence spending and the possibility of tighter industry regulation.The Nasdaq plunged more than…
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: Brent crude prices fell below $94 a barrel late on Wednesday for the first time in two months, before inching up to $97.7 Wednesday evening, as markets weighed the possibility of an end to the Iran conflict following the electoral setback to Republicans in the midterm elections and US President Donald Trump’s acknowledgement…
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…
NEW DELHI: Bharti Airtel Thursday reported a profit of Rs 10,710 crore this Q2, up 24% from Rs 8,651 crore in same period last fiscal. Its consolidated revenue from operations rose 16.7% to Rs 60,878 crore compared to Rs 52,145 crore in the year-ago Q2. The leading telecom player’s share price closed 0.2% down at…
