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…
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…
FlyaDeal kick-started operations in India (Representative image taken from X) Saudi Arabia‘s low-cost carrier flyadeal has entered the Indian aviation market, launching its first service between Hyderabad and Riyadh.The inaugural flight from Riyadh landed at Rajiv Gandhi International Airport in Hyderabad on July 4, marking the airline’s debut in India, airport operator GMR Hyderabad International…
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…
India’s state-owned oil refining giants stepped up crude purchases last week, securing millions of barrels through separate tenders. According to sources cited by Reuters, Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) together bought around 7 million barrels of crude, with the cargoes scheduled for delivery over the coming months.IOC accounted for 5 million…
Stock market today: Dalal Street opens in green with Sensex gaining over 350 points, Nifty opens above 24,350 Stock market began the week on a positive note with benchmark indices opening 0.3% up. NSE Nifty 50 was trading at 24,355.35, up 83.80 points or 0.35% around 9:20. BSE Sensex jumped over 306 points to 78,070.22,…
Upside in bullion may remain limited as inflation continues to stay above the Federal Reserve’s 2% target. (AI image) Gold price prediction today: Gold prices are likely to see a limited upside because of high inflation in the US, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold inched higher in…
Rupee began the week on a weaker note, slipping 10 paise to 95.28 against the US dollar in early trade. The decline came as a stronger US dollar overseas and uncertainty over global developments kept market sentiment under pressure.Rupee opened at 95.25 against the US dollar in the interbank foreign exchange market on Monday before…
AI generated image, used only for representational purpose Planning a bank visit? You might need to reschedule as banks across some parts of the country will remain closed on Monday. Knowing bank holidays in advance can help you to avoid an unnecessary trip, especially if you have time-sensitive branch work such as submitting documents, processing…
Gold prices began the week on a firm footing, holding close to a two-week high after weaker-than-expected US employment data reinforced expectations that the Federal Reserve may not rush into another interest rate increase. Spot gold traded around $4,175 per ounce on Monday after posting a gain of more than 2% last week, ending a…
