Business

Major stock markets opened lower as Big Tech’s AI spending raised investor concerns. Alphabet and Tesla shares fell significantly after their latest quarterly earnings reports. Oil prices surged past one hundred dollars per barrel amid Middle East tensions. This geopolitical situation also increased expectations for a potential Federal Reserve interest rate hike. Weak market breadth

Crude oil prices surged past one hundred dollars per barrel amid Middle East tensions. Houthi attacks on Saudi oil tankers in the Red Sea caused market concern. This escalation has heightened fears over global energy supply safety and stability. Domestic crude futures also climbed significantly, mirroring the international price rally. Geopolitical risks are now the

Indian airlines have cancelled approximately 26,000 international flights due to Middle East airspace restrictions. These disruptions have led to flight diversions and delays, impacting airline operations significantly. Longer flight routes are increasing fuel consumption and raising overall operating expenses for carriers. Airlines are also experiencing substantial revenue losses as the conflict continues. Despite these challenges,

For an employee, the last salary from the previous organisation is not just a payroll entry. It may be needed for rent, relocation expenses, family commitments, education fees, loan repayments or simply to manage the gap before the first salary from the new employer

India’s first hydrogen fuel cell train has covered 900 kilometers on its initial operational route. This new train runs on hydrogen fuel cells, producing only water vapor and heat. Passenger fares remain consistent with ordinary diesel services on this pilot project. The train operates on the Jind-Sonipat corridor in Haryana, carrying many passengers. India joins

Axis Asset Management Company is acquiring Axis Securities’ portfolio management services business. This strategic move significantly expands their alternative investments platform and investor base. The combined portfolio management services assets under management will now exceed fifteen thousand crore rupees. The entire portfolio management services team has transitioned to Axis Asset Management Company. This acquisition strengthens

Gulf nations are accelerating pipeline projects to bypass the Strait of Hormuz. These new routes aim to move oil without relying on the narrow waterway. Several major pipeline projects are under construction or being planned. Diversification efforts aim to protect regional oil exports from disruptions. These alternative routes face their own risks and increased costs.

The Indian rupee saw a slight gain against the US dollar on Thursday. Rising crude oil prices continue to exert pressure on the currency. The Reserve Bank of India’s intervention is expected to limit sharper losses. Foreign investors showed mixed sentiment in Indian equities and bonds. Stock markets opened on a weak note, with key

The government proposes a 5% GST rate for mango drinks with 22-25% real pulp. This move aims to revive Totapuri mango pulp demand and improve beverage quality. An expert committee studied Totapuri price declines and suggested solutions for farmers. Recommendations include price stabilization committees and orchard rejuvenation techniques. The government will consult ministries to finalize