The government’s offer for sale (OFS) in insurance behemoth Life Insurance Corporation of India (LIC) opens for retail investors today, with analysts listing reasons why investors should consider participating. LIC announced on Monday that the government plans to sell a 2.5% equity stake in the company as part of the base offer, with an additional…
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If you have already filed your income tax return (ITR) before the stipulated deadline and later realised that some details were entered incorrectly or omitted, there is no reason to panic. Taxpayers are allowed to correct genuine mistakes by filing a revised return, and in many cases, doing so does not attract any penalty. Some…
Asia Shares Soar Amid Tech Rally; Oil Drops With Strait of Hormuz Hopes Market Movements and Economic Updates By Wayne Cole Asian Stock Markets Surge SYDNEY, Aug 5 (Reuters) – Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for…
AMD says it has a major advantage in the AI chip race against Nvidia: being more open. AMD has long promoted this strategy through its open-source ROCm software, used to program AI chips. Since ROCm is available as open source, it’s free for anyone to use, download, or modify. On the company’s earnings call on…
Higher mortgage repayments are the biggest concern for UK homeowners in the current housing market, according to a survey by Boon Brokers, with 33% naming this as their main worry. The survey of 1,000 mortgage holders found that 24% were most concerned about entering negative equity, while 14% cited falling property values. The findings…
Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism over the Middle East. The yen was slightly firmer at 157.60 per U.S. dollar, after easing about 0.4% from…
Samsung, SK Hynix Test Chinese Chip Tools to Navigate US Export Controls South Korean Chipmakers Evaluate Chinese Equipment Amid US Restrictions Background: Testing AMEC Equipment Aug 5 (Reuters) – Samsung Electronics and SK Hynix are evaluating chipmaking equipment from China’s Advanced Micro-Fabrication Equipment (AMEC) for possible use at their Chinese factories, three people familiar with…
MCAN Financial’s mortgage book continued to grow in the second quarter, helping lift earnings even as the lender reported a higher share of impaired loans. The mortgage investment corporation earned $24 million, up 19% from $20.2 million a year earlier. Earnings per share rose to 59 cents from 51 cents. Net interest income increased 4%…
Oil prices steadied on Wednesday after tumbling over the previous two sessions, as investors tracked developments around efforts to end the U.S.-Iran conflict and reopen the Strait of Hormuz to commercial shipping. Crude oil price on August 5 Brent crude futures were up 27 cents, or 0.34%, at $79 a barrel, while U.S. West Texas…