A screen shows the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Wednesday, July 29, 2026. (AP Photo) South Korea’s benchmark Kospi index plunged 6% on Wednesday, dragged down by a sharp selloff in chipmakers after SK Hynix reported quarterly earnings that, despite surging nearly sixfold from a year…
State-owned fuel retailers in India are expected to increase purchases of US LPG from 2027. India’s largest refiner, Indian Oil Corporation (IOC), is planning to acquire a 50% stake in very large gas carriers (VLGCs). The move comes amid preparation to step up imports of liquefied petroleum gas (LPG) from the United States, according to…
With IT services stocks having borne the brunt of concerns surrounding artificial intelligence, Jefferies believes the cooling of the AI trade could open the door for a tactical rebound in the sector. Indian IT sector stocks after declining for the most part of this year have been rallying strongly over the last few sessions. They…
The spotlight this week is firmly on today’s FOMC policy decision, which is expected to set the tone for gold’s next major move. Gold price prediction today: Both gold and silver prices are expected to be volatile this week ahead of the US Federal Reserve’s policy, says Vedika Narvekar, Research Analyst – Commodities & Currencies,…
Rupee extended its rally for the fourth consecutive session on Wednesday, gaining 5 paise to trade at 95.77 against the US dollar, supported by a softer dollar and lower crude oil prices.The currency also drew strength from improved sentiment in domestic equities, with foreign institutional investors turning buyers in Indian stocks, forex traders said.At the…
Gold Rate Today: Peace talks cap safe-haven demand According to market experts, hopes of improving relations between the US and Iran also contributed to weakness in precious metals. Analysts at Mirae Asset ShareKhan noted that gold traded lower even as crude oil prices declined for a third consecutive session amid optimism over continued diplomatic engagement….
India could face 100% if Russia Sanctions Bill becomes a law The US Senate on Tuesday overwhelmingly advanced a bipartisan bill that would give President Donald Trump sweeping powers to impose new sanctions on Russia and penalise major buyers of its energy exports, including India and China.The legislation would allow the president to impose a…
The Union Cabinet has approved amendments to the MSME Development Act to improve liquidity, strengthen the Udyam portal, decriminalise minor offences, and speed up payment resolution for small businesses. (Representative image) NEW DELHI: Small businesses supplying goods and services to central public sector undertakings (CPSUs) will get their dues cleared faster under proposed amendments to…
Tata Sons posted a 22% jump in profit in FY26 MUMBAI: Tata Sons posted a 22% jump in profit in FY26, lifted by gains from the listing of Tata Capital, even as its chairman N Chandrasekaran faces a crucial annual general meeting over his future at the conglomerate.Net profit at the holding company of the…
MUMBAI: Bond markets need more depth and not just scale so that more enterprises can access market-based finance as the bank-led model will not be sufficient to meet future financing needs, RBI deputy governor Rohit Jain said. He emphasised that this will require more discerning investors to assess levels of risks.“A wider range of enterprises…
