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Asian stocks slipped Thursday after a recent tech-led rally on Wall Street paused. Crude oil edged lower as Iran reached an agreement with Oman on the Strait of Hormuz. The MSCI Asia Pacific Index declined 0.2%, with South Korea’s Kospi Index falling 1%. Earlier, the S&P 500 Index pulled back from a record high while…
At the industry level, roughly one in four customers did not renew the same plan, according to the FY26 retention figures for insurers’ highest-selling health plans. The data does not tell us whether these customers ported to another insurer, migrated to another plan within the same insurer or dropped their cover altogether. Insurers, however, say…
Mumbai: The newly-introduced closing auction system (CAS) has drawn sharp criticism from traders, who are irked by the unpredictability of recent index and stock price moves and the resulting losses. Calls for changes to the mechanism or, even a temporary rollback, have gathered pace on social media, prompting the Securities and Exchange Board of India…
The Dow closed at a record on Wednesday on signs of progress for a peace deal with Iran, while the Nasdaq saw its first decline in five sessions as SpaceX and AMD stumbled following their quarterly earnings. A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the…
Alphabet’s Class C shares fell 4.32%, or $16.21, to $359.14 on Wednesday after Google announced a sweeping overhaul of its AI leadership. DeepMind CEO Demis Hassabis is stepping away from day-to-day management while several prominent Gemini researchers are leaving the company, according to a Reuters report. The stock opened at $380 and rose to $381.81…
If an individual classified as a Resident and Ordinarily Resident (ROR) in India sells shares listed on a foreign stock exchange that were acquired while living in the United States, the tax treatment of the gains will be governed by the provisions of the Income Tax Act, 2025, which came into force on 1 April…
Retail investors flocked to SpaceX shares on Wednesday, buying the dip as the stock fell about 12% following the company’s first earnings report since going public, according to a Reuters report. Individual traders purchased a net $22.7 million worth of SpaceX shares in the first hour of trading, the third-highest opening-hour total in the 37…
Many investors mistake Real Estate Investment Trusts (REITs) for fixed-income investments because they pay regular distributions. Edelweiss Mutual Fund MD & CEO Radhika Gupta mentioned that this is a myth. “Too many investors still think of REITs as fixed income. They aren’t. They’re an equity asset class with cash flow-generating real estate underneath,” she wrote…
UPI users are unlikely to pay any charges even if the government decides to allow a Merchant Discount Rate (MDR) on UPI transactions in the future, according to a report by global brokerage firm Bernstein. The report, cited by ANI on 5 August, mentioned that “a merchant-funded MDR of 30-40 basis points (bps) appears to…
PB Fintech reported a 92% year-on-year (YoY) rise in profit after tax for the June quarter, helped by strong growth in insurance premium, higher operating revenue and better margins. The Policybazaar parent posted consolidated profit after tax of Rs 163 crore in Q1FY27, compared with a PAT margin of 6% in the same quarter last…