What to know about Larry Ellison co-founded firm’s sudden rise On Wednesday, Oracle stunned Wall Street when its shares surged 36% in a single day, the company’s biggest one-day gain since 1992. The rise followed its announcement of a series of multibillion-dollar deals in artificial intelligence (AI) cloud infrastructure, including a landmark agreement with OpenAI….
India-EU FTA: Piyush Goyal hosts European commissioners (Picture credit: X/@PiyushGoyal) India and the European Union (EU) have reiterated their commitment to finalising the long-pending Free Trade Agreement (FTA) at the earliest, with both sides stressing that a balanced and mutually beneficial pact would create fresh opportunities for businesses and people.Union commerce and industry minister Piyush…
Indian steel producers are likely to face weaker earnings in the second quarter of FY26 as falling steel prices weigh on margins, according to a report by JM Financials. The average domestic Hot-Rolled Coil (HRC) price slipped to Rs 49,600 per tonne, down by Rs 2,000 compared with the previous quarter, news agency ANI reported.The…
India’s dependence on coking coal is expected to grow considerably over the next five years, as the nation pushes towards its ambitious goal of 300 million tonnes (MT) of steel production capacity by 2030, according to a new report by EY Parthenon in partnership with the Indian Steel Association (ISA).As per news agency ANI, the…
Gold futures on MCX hovered near ₹1,08,979, showing resilience as traders await key US economic data and clarity on the Fed’s September policy meeting. (AI image) Gold price prediction today: Gold prices are showing bullish trends and investors should look at a ‘buy on dips’ strategy, says Jateen Trivedi, VP Research Analyst – Commodity and…
Representative image (Picture credit: AP) Asian stock markets climbed strongly on Friday, extending a rally that has lifted Wall Street to fresh records, as investors grew confident the US Federal Reserve will deliver an interest rate cut next week. At the same time, oil prices slipped amid signs of softer demand and rising global supply.The…
More than two weeks after Beijing announced easing restrictions on rare earth exports, supplies of critical magnets from China are yet to resume, leaving Indian automakers and component suppliers struggling to manage the shortfall on a day-to-day basis. Industry executives expressed concern that while high-level talks are underway between the two countries, the situation on…
MUMBAI: In its bid to push e-commerce exports and open up the global market for scores of small and medium sellers, the govt is set to begin consultations with the industry to draw a framework for allowing inventory based model for e-commerce exports.While there have been growing calls from the industry to open up the…
BENGALURU: The Infosys board approved a Rs 18,000 crore share buyback on Thursday, the largest in the company’s history and marking its fifth buyback since 2017. The buyback, to be conducted through the tender offer route, will be at a price of Rs 1,800 per share in cash, involving the purchase of 10 crore equity…
MUMBAI: The rupee closed weaker on Thursday, settling at 88.44 against the dollar, compared with 88.10 in the previous session, marking a fresh record low. The currency opened at 88.12, touched a high of 88.09 and a low of 88.45 during the day, slipping past its earlier low of 88.36 hit last week.The decline comes…