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Creditors of Jaiprakash Associates have unanimously voted in favour of Gautam Adabi-led Adani Enterprises’ resolution plan, choosing it over Vedanta despite the latter placing the highest overall bid in a September e-auction, people familiar with the discussions told ET.Jaiprakash Associates (JAL), which owes lenders Rs 55,000 crore, was admitted into insolvency proceedings in June last…
File photo (Picture credit: AP) Asian markets fell on Tuesday as caution spread across global equities ahead of several delayed US economic releases and shifting expectations around the Federal Reserve’s next move. The weakness followed a tech-led slide on Wall Street overnight, with investors watching closely for Thursday’s September nonfarm payrolls report to gauge the…
Jesse Eisenberg’s “Now You See Me: Now You Don’t” has made a strong debut, outperforming Glen Powell’s “The Running Man” in both India and the US. The magic heist sequel garnered Rs 60 lakh on its opening day in India, while the dystopian action film collected Rs 25 lakh. In the US, “Now You See…
The average long-term US mortgage rate rose slightly this week, snapping a four-week decline that had brought borrowing costs to their lowest level in over a year, AP reported.Mortgage buyer Freddie Mac said on Thursday that the average rate on a 30-year fixed mortgage ticked up to 6.22% from 6.17% a week earlier. A year…
Gold prices continued to slide for the second straight week, pressured by a stronger dollar, easing geopolitical tensions, and the US Federal Reserve’s cautious signals on rate cuts that dented demand for safe-haven assets.On the Multi Commodity Exchange (MCX), gold futures for December delivery fell Rs 2,219, or 1.8 per cent, over the week. The…
Adani Power Ltd reported a 12% year-on-year decline in consolidated net profit to Rs 2,906 crore for the September quarter, weighed down by higher expenses. The company had posted a profit of Rs 3,297.52 crore in the corresponding quarter of the previous financial year, it said in a regulatory filing on Thursday.Total income rose slightly…
Bitcoin moved up to $112,493 following a brief fall under $110,000 on Wednesday, indicating careful market behaviour. Ethereum was trading at approximately $4,119, showing a 0.59% increase.At 10.26 am IST, Ethereum registered a 0.59% gain at $4,118. Several prominent cryptocurrencies including BNB, XRP, Dogecoin, Tron, Cardano, and Hyperliquid declined by over 3%, while Solana increased…
UAE will face Qatar on October 14, 2025, needing only a draw to secure direct qualification for the 2026 World Cup/ Image: X With a dramatic win over Oman, the UAE take a vital step toward a long-awaited return to the FIFA World Cup. The result not only cements their position at the top of…
US stocks continued to climb on Friday, as Wall Street edged toward the finish of another record-setting week, buoyed by optimism around artificial intelligence and hopes of easier interest rates despite a partial government shutdown.The S&P 500 rose 0.2% and is on track for its seventh winning week in nine, while the Dow Jones Industrial…
US stocks showed modest gains on Wednesday as Wall Street paused after a strong rally that pushed major indexes to near record highs.The S&P 500 rose 0.1% in early trading following its first loss in four days, while the Dow Jones Industrial Average gained 152 points, or 0.3%, AP reported. The Nasdaq composite was up…
