As the Middle East crisis escalates, concerns have grown over a possible rise in petrol and diesel prices. However, despite a sharp increase in global crude oil prices, fuel rates in major Indian cities have remained unchanged. Consumers can breathe a sigh of relief as retail petrol and diesel prices in the country are not…
Until these regulations take effect and prove their worth through actual enforcement, your best defence is radical simplicity. For years, I have been writing about how the personal finance system is designed to extract money from ordinary savers rather than serve them. Just a few weeks ago, I discussed a book by John Campbell and…
The new target reflects mounting challenges from Donald Trump’s tariffs, the global uncertainty linked to the US-Iran conflict. (AI image) China has forecast its GDP growth at the lowest level in over three decades! The world’s second largest economy is slowing down due to multiple external and internal headwinds. China has fixed its annual economic…
In the coming week, the 158,000 level is expected to act as a crucial support zone. (AI image) Gold and silver price prediction: Gold prices may rally towards Rs 1.72 lakh and silver prices to Rs 3 lakh, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On…
Financial services giant Morgan Stanley has slashed almost 3% of its workforce, which translates to 2,500 employees across its major divisions. A source familiar with the matter told Reuters that the reduction spans across investment banking and trading, wealth management, and investment management. Financial advisors, however, remain unaffected according to the source. The bank comes…
India has sought to buy Russian crude to avoid supply shortages as Middle East tensions show no sign of abating. (AI image) India is back to stepping up purchases of Russian crude as the ongoing US-Israel-Iran war blocks Strait of Hormuz and crucial oil supplies from the Middle East, according to reports. India imports nearly…
Rupee made a comback in the green territory on Thursday as it recovered 51 paise to trade at 91.54 against the US dollar in early trade, after slumping to record low a day earlier. The domestic currency had plunged 56 paise on Wednesday to settle at an all-time low of 92.05 against the dollar, dragged…
Asian stocks inched higher on Thursday, after days of trading in red amid ongoing Middle East tensions. This comes as equities were lifted by a rebound on Wall Street as oil prices paused their recent spike and economic updates painted a more positive picture of the American economy. In South Korea, Kospi hit a pause…
CLSA maintains an outperform rating on Reliance Industries, citing improved confidence in its new ventures. HSBC has a reduce rating on Avenue Supermart, noting its pricing advantage is not substantial. Morgan Stanley raises Delhivery’s target price, expecting strong volume growth and margin expansion due to a favorable industry environment. CLSA has an outperform rating on…
MUMBAI: As expected, on Wednesday, stocks sold off for the second consecutive session since the war in West Asia started on Saturday, and sank the leading indices to over six-month low levels. With the rupee weakening to a new lifetime low, crude prices hitting more than a year-high level and foreign funds selling aggressively, the…