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MUMBAI: Rising crude oil prices in the international markets took a heavy toll on most oil & gas, and paints stocks as these industries face the prospect of runaway raw material rates. At Monday’s close, among the leading stocks from these two sectors, BPCL was down 6.1%, HPCL 5.1%, GAIL 4.3% and Asian Paints 2.6%.On…
Nobel Laureate Philippe Aghion (Credit-University of Oxford) The ongoing conflict in the Middle East is unlikely to trigger a global economic collapse on the scale of the 2008 financial crisis, Nobel Prize-winning economist Philippe Aghion has said, even as he warned that a prolonged war and sharply rising oil prices could slow global growth, AFP…
The UAE is considering freezing key Iranian assets held in the Gulf state to curb Tehran’s access to foreign currency and global trade amid the ongoing Middle East crisis.According to the Wall Street Journal, UAE authorities are weighing measures ranging from freezing the assets of UAE-based shadow companies used to mask trade, to a sweeping…
US stocks drifted lower on Thursday as a selloff in Nvidia weighed on the broader market, even as most shares posted gains.The S&P 500 fell 0.6 per cent, extending the week’s volatility driven by optimism and unease surrounding the artificial intelligence boom. The Dow Jones Industrial Average rose 77 points, or 0.2 per cent, while…
A debate over an H1B visa setback has taken a turn after a MAGA commentator weighed in with sweeping remarks about India and Indian workers in the United States.Andrew Branca, a US lawyer and conservative commentator, sparked outrage after commenting on the plight of an Indian professional struggling with America’s employment-based immigration system. Referring to…
National Highaways (File photo- PTI) Commuters on National Highways may soon have to rely entirely on digital payment modes at toll plazas, as the National Highways Authority of India (NHAI) is considering phasing out cash transactions nationwide.Post implementation, all toll payments at National Highway fee plazas will be processed exclusively through digital modes using FASTag…
World’s largest tree: General Sherman is about 2200 years old and its trunk weighs nearly 1400 tonnes The world’s largest tree by volume stands in a fenced clearing in Sequoia National Park, California, where the air is thinner and cooler than the valley below. Visitors walk a paved trail and arrive without much warning at…
Renowned singer Marc Anthony, who shares a familial bond with the Beckham clan as Cruz Beckham’s godfather, has weighed in on the widely discussed split within the Beckham family. Without delving into details, he emphasized that the public portrayal of the situation ‘barely scratches the surface of the truth. Famed musician Marc Anthony recently opened…
Bitcoin slipped below $70,000 on Thursday for the first time since Donald Trump’s election victory in November 2024, as the world’s largest cryptocurrency remained under pressure from a broader pullback in risk assets, AFP reported.The cryptocurrency dropped to as low as $69,821.18 before moving back above the $70,000 level. The decline comes after Bitcoin had…
The government is considering further dilution of its holding in Life Insurance Corporation (LIC) through a follow-on public offering in the next financial year, as it moves towards meeting minimum public shareholding norms, PTI reported.Financial Services Secretary M Nagaraju said the process will be gradual and linked to market conditions, with the Department of Investment…
