U.S. manufacturing activity grew steadily in February, but a measure of the prices factories paid for raw materials rose to the highest level in nearly three-and-a-half years, underscoring upside risks to inflation amid tariffs even before a U.S.-led attack on Iran sent oil prices higher.The Institute for Supply Management said Monday that the manufacturing PMI […]
By Byron Kaye, Hollie Adams and Joanna PlucinskaLONDON/SYDNEY/HONG KONG, – Travel stocks tumbled on Monday as the escalating conflict between the US, Israel and Iran disrupted flights around the world, closed key hubs in the Middle East and sent oil prices soaring, with analysts warning of weeks of disruption ahead. Data shows that at least […]
Stocks on Wall Street were moderately lower early Monday as the war initiated by US-Israeli attacks on Iran spread across the Middle East, sending oil prices higher.About 20 minutes into trading, the Dow Jones Industrial Average was down 0.7 percent at 48,661.35. The broad-based S&P 500 fell 0.5 percent to 6,845.44, while the tech-rich Nasdaq […]
The Securities and Exchange Board of India (Sebi) on Monday imposed a fine of Rs 38 lakh on Coffee Day Enterprises and its nine officers after an investigation found that they had misstated financial results and financial statements.The market regulator has conducted an investigation to identify possible violations of its provisions. The study period covered […]
Domestic gold prices shot up by Rs 7,600 per 10 grams or nearly 5% on Monday as the Iran-Israel-US war entered its third day with casualties on both sides. Investors rushed into gold and silver as safe havens were called upon as global stocks fell sharply.MCX April gold futures touched a high of Rs 1,69,679 […]
Listed real estate company TARC Ltd expects total revenue of around Rs 4,500 crore from its ongoing ultra-luxury housing project in the national capital, amid strong demand and tight supply, a top company official said.Delhi-based TARC Ltd had launched a super luxury residential project ‘TARC Kailasa’ in 2024, spread over 15 acres of land, in […]
Shares of Adani Ports and the Special Economic Zone fell about 6% on Monday as geopolitical tensions flared in the Middle East, with Iran retaliating against the US and Israel and calling off talks after the death of its supreme leader, Ayatollah Ali Khamenei.Adani Ports operates the Port of Haifa in Israel, which confirmed on […]
U.S. stock index futures fell more than 1% on Monday as conflict in the Middle East showed no signs of easing, sparking a rush to safe haven assets ahead of a busy week of U.S. economic data.Oil prices rose while traditional safe havens rose, with gold rising about 2% and bond prices rising, briefly pushing […]
Amid the sharp selloff triggered by US and Israeli missile strikes on Iran, global brokerage firm Jefferies has struck a cautiously optimistic tone, suggesting the revival in the Middle East could be short-lived. The brokerage draws parallels with recent regional conflicts that quickly faded and sees a potential buying opportunity emerging from the panic.However, it […]
Shares of Tejas Networks rose as much as 15% to hit an intraday high of Rs 503 on the BSE on Monday, marking their fourth straight session of gains. With today’s rally, the stock has seen an impressive 60% increase over the same period.Volumes were strong in today’s session as shares of Rs 7 crore […]