Latest Updates Around The World
Morgan Stanley and Goldman Sachs acquired shares in small-cap multibagger Ather Energy in separate block deals on Wednesday, with the National Investment and Infrastructure Fund (NIIF) emerging as the seller. NIIF has sold over 33.78 lakh shares in transactions worth around Rs 233 crore.Other buyers of the electric two-wheeler maker included Tata Mutual Fund, Aditya […]
U.S. stocks are feeling both the upside and the downside on Wednesday from a surprisingly strong report that said the country’s unemployment rate has improved over the past month.After initially rising to an all-time high, the S&P 500 swung to a loss before retreating to a gain of less than 0.1%. The Dow Jones Industrial […]
Nifty finished flat in an otherwise range-bound session on Wednesday, posting its fourth consecutive gain. The technical situation remains bullish, with the RSI in a bullish crossover and the index trading above 20DMA, supporting a positive bias.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said the index encountered resistance at […]
U.S. job growth accelerated in January and the unemployment rate fell to 4.3%, signs of stability in the labor market that could give the Federal Reserve room to keep interest rates unchanged for some time while policymakers keep an eye on inflation.Nonfarm payrolls rose by 130,000 jobs last month, following a downwardly revised increase of […]
Oil prices rose more than 2% on Wednesday, buoyed by potential supply risks if US-Iran tensions escalate, while crude extraction from key reserves signaled stronger demand. Brent crude futures rose $1.52, or 2.2%, to $70.32 a barrel by 1320 GMT. U.S. West Texas Intermediate crude rose $1.50, or almost 2.4%, to $65.46.“Ongoing tensions in the […]
Sebi on Wednesday came out with a new framework for infrastructure planning and real-time performance monitoring for exchanges and clearing houses operating in the commodity derivatives segment, which mandates that critical IT systems must maintain installed capacity of at least twice the expected peak load.The move is aimed at strengthening the system’s resilience, ensuring consistent […]
Vivriti Asset Management (VAM), a private credit-focused alternative investment fund (AIF) management company, said on Wednesday it aims to achieve 25 to 30 percent annualized growth over the next five years, driven by the huge potential in the niche debt market.The company also plans to double its fundraising in the Kolkata market in FY27 as […]
Consumer electronics major LG India on Wednesday reported a 61% year-on-year decline in consolidated net profit at Rs 89.7 crore in the third quarter. Revenue from operations also fell 6% year-on-year to Rs 4,114 crore.On a sequential basis, revenue also declined sharply from Rs 6,174 crore in Q2FY26. Total income for the quarter stood at […]
Jeff Booth, Jack, and Nick explore a year-long paper linking Bitcoin to fundamental physics, framing Bitcoin blocks as discrete, quantized units of time. They connect concepts from quantum mechanics and entropy to Bitcoin’s design, argue that its finite, discrete structure may be incompatible with the threats posed by quantum computers, and conclude with plans to […]
Leading public sector lender State Bank of India (SBI) has overtaken IT services firm Tata Consultancy Services (TCS) to become the country’s fourth-largest listed company by market capitalization, riding on a sharp post-earnings recovery and renewed optimism around public sector banks.SBI’s market capitalization now stands at almost Rs 10.92 lakh crore, compared to TCS at […]
