Equities advanced on Monday, led by heavyweight HDFC Bank on a strong quarterly business update, while lower crude oil prices also aided sentiment.The Nifty rose 0.7% to 24,430, while sensex too climbed 0.7% to 78,285. They rose 2.4% each in four sessions, closing at a 10-week high.A narrowing rainfall deficit, drop in oil prices amid…
Mumbai: Bank lending to industry in the first two months of FY27 was led by the power sector, followed by chemicals, and vehicles, even as exposure to telecommunications declined, reflecting a shift in sectoral credit allocation by lenders.According to data for the period between end-March 2026 and end-May 2026, gross bank credit to industry rose…
BENGALURU: India’s IPO pipeline is gathering momentum, with the National Stock Exchange (NSE) and Bengaluru-based Manipal Health Enterprises lining up two of the country’s biggest public issues even as smaller new-age companies prepare to tap the market. While NSE is targeting a Rs 30,000-crore IPO in Sept that could value the exchange at over Rs…
Wall Street opened higher led by a rebound in artificial intelligence (AI) stocks Wall Street opened higher on Monday, led by a rebound in artificial intelligence (AI) stocks as investors returned to the sector after recent volatility, while markets also assessed a planned mega share sale by South Korean chipmaker SK Hynix and an increase…
Increasing purchases from the US would not only diversify India’s LPG import basket and reduce dependence on Gulf suppliers. (AI image) US-Iran war impact: India is actively looking to diversify the sources of its Liquified Petroleum Gas (LPG) supply and the US has emerged as the biggest supplier in the months since the Middle East…
Trump rings Wall Street bells from Oval Office President Donald Trump on Monday rang the opening bells of the New York Stock Exchange and the Nasdaq from the Oval Office to mark the launch of Trump Accounts, a new investment programme for children created under Republicans’ 2025 tax and spending law.The symbolic ceremony came as…
Saudi Arabia made it biggest cut in its main Arab Light crude for Asian customers Saudi Arabia cut price of its main crude grade effective August for Asian customers amid weakening demand and easing tensions. It’s the largest reduction in over two decades.The sharp price cut comes as pressure grows on the world’s largest crude…
Public sector refiners have collectively absorbed losses of over Rs 75,000 crore during the first quarter of the current financial year. (AI image) Respite for oil marketing companies! State-run oil marketing companies (OMCs) could reach the break-even point on petrol and diesel sales within the next seven to 10 days if crude oil prices remain…
Taiwan’s Unimicron plans a global share sale amid AI-driven chip demand (Representative image) Taiwan’s Unimicron Technology is seeking to raise about $1.4 billion through a global share offering, joining a wave of Asian semiconductor companies tapping international investors as artificial intelligence-driven demand fuels industry expansion.According to a term sheet seen on Monday, the printed circuit…
Morgan Stanley has a bullish outlook on equities India’s recent market cool-off may be a temporary phase rather than a reset. According to Morgan Stanley, stronger economic growth could help the country regain lost valuation ground and reinforce the investment case for Indian equities. The brokerage added that the relative de-rating has been driven largely…