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Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the U.S.-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures dropped $1.29, or 1.5%, at $87.69 a barrel by 0100 GMT. U.S. West…
Kolkata: Bank deposits rose 15.4% year-on-year at the end of July, marking the fastest pace in nearly 10 years, as overseas Indians parked about $37 billion in foreign currency-linked non-resident deposits in less than two months since the Reserve Bank of India created a special window to attract dollar inflows. Bank credit growth also accelerated…
Mumbai: Yotta Data Services, the Hiranandani Group-backed data centre operator, is preparing to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering in the coming months, people familiar with the development told ET. The company is looking to raise around ₹6,000-8,000 crore through…
Mumbai: The Securities and Exchange Board of India (Sebi) has not observed any manipulation in the newly introduced closing auction sessions, chairman Tuhin Kanta Pandey said Wednesday, attributing the recent divergence in two major indices to circumspect trader participation in the first few days of the new system. “We are considering all inputs to increase…
Asian stocks rose after a subdued US inflation report eased concerns about imminent interest-rate hikes by the Federal Reserve. Brent snapped a six-day rally. The MSCI Asia Pacific Index rose 0.6%, with gauges in Japan and South Korea advancing. That followed gains in US benchmarks, with the S&P 500 moving within striking distance of a…
ET Intelligence Group: Vedanta and Vedanta Aluminium Metal have staged a strong financial performance in their first quarter after demerger, helped by buoyant commodity prices. The two companies are stepping up investments to drive future growth, with combined capital expenditure of nearly ₹12,000 crore planned for FY27. They currently trade at lower valuations compared with…
Mumbai: General insurers may have to increase reserves for motor third-party claims as a series of Supreme Court rulings raise the compensation payable to accident victims, putting further pressure on insurers’ profitability. The Supreme Court’s June ruling in the Shishu Pal case, which fixed a notional monthly income of ₹30,000 for homemakers while calculating compensation…
Mumbai The Indian rupee closed modestly higher on Wednesday, caught between the negative bias from higher crude oil prices and dollar sales by the Reserve Bank of India that helped counter the pressure.The currency closed at 95.33, 10 paise stronger from its previous close of 95.43. Dollar sales by state run banks, likely on behalf…
Essential services are expected to remain operational during the statewide bandh in Karnataka on Thursday.
The S&P 500 and the Nasdaq ended higher on Wednesday, lifted by upbeat quarterly results from CoreWeave and other AI infrastructure firms, while mild inflation data reinforced bets that the U.S. Federal Reserve will hold interest rates steady in September. U.S. consumer prices barely increased in July as the cost of gasoline declined for a…