Business News - Page 29

US stock market: Nasdaq, S&P 500 snap streak of records, fall amid rising rate cut expectations

The broad-based S&P 500 dropped 0.9 per cent to 5,584.54, while the Nasdaq Composite Index fell 2.0 per cent to 18,283.41, ending a run of seven straight records on the tech-focused index. The Dow Jones Industrial Average finished up 0.1 per cent at 39,753.75.

Time to open a forex account in GIFT City for all your money needs abroad?

Indians are now allowed to use GIFT City as a route for more overseas spending and investments

Stocks to watch: L&T, Oriental Rail Infra, SBI, Asian Paints, Zydus Lifesciences, and Power Grid shares in focus

Shares of L&T are expected to be in focus due to a subsidiary. Oriental Rail Infrastructure has bagged an order. SBI stocks may be abuzz due to a hefty fundraise. Announcement of future plans by Power Grid and GE Power India may keep their stocks in focus. Shares of Zydus Lifesciences and Asian Paints are also likely to see increased activity

US stock market: Interest rate cut expectation spurs Wall Street higher, new records for Nasdaq, S&P 500

The S&P 500 and Nasdaq both ended at all-time highs following remarks from Federal Reserve Chair Jerome Powell. He indicated that the central bank would consider cutting rates before inflation hit the 2 per cent target. The S&P 500 climbed 1 per cent to 5,633.91, marking its sixth consecutive record close, while the Nasdaq Composite Index jumped 1.2 per cent, achieving its seventh straight record

Dedollarisation: Modi, Putin give fresh push to rupee-ruble trade settlement

Russia's Charge d'affaires Roman Babushkin said during PM Modi's two-day Moscow visit, India-Russia have decided to go ahead with the national currency settlement system

Stocks to watch: JSW Steel, BLS International, Delhivery, ONGC, RVNL, and Wipro shares in focus

GIFT Nifty index suggests that Dalal Street is set for a flat to muted opening on Wednesday (July 10). Shares of JSW Steel are likely to be in focus due to consolidated crude steel production numbers for Q1 FY25. BLS International stocks are likely to be abuzz due to news of acquisition. RVNL's updates regarding potential orders, and ONGC announcing investment plans are likely to keep those shares in the spotlight. A block deal in Delhivery shares is expected

US stock market: Record highs for Nasdaq, S&P 500 after Fed chief Jerome Powell's inflation comments

The tech-heavy Nasdaq, and the broad-based S&P 500, on Tuesday (July 9) edged to fresh records. Analysts view this run of recent record highs as the result of a combination of solid labour market data and improved inflation trends

Transforming lives with Smile Train's Global Cleft Care programme

KPMG India was commissioned by Smile Train India to conduct an independent nationwide social impact assessment of twenty years of their work in India

Bad times for Boeing: Is planemaker set to become a convicted felon soon?

Beleaguered aviation giant Boeing is on the brink of becoming a convicted felon— the corporate equivalent of a criminal. A deal with the US Department of Justice is involved. What's in it? How did Boeing get here? What happens next? We explain

Stocks to watch: Shares of L&T, Inox Wind, Dixon Technologies, Swan Energy, and HFCL in focus

Shares of L&T are likely to be in focus due to an acquisition by its subsidiary. Inox Wind has bagged an order for wind turbine generators. Dixon Technologies may be in focus over plans to divest its stake in AIL Dixon Tech. BlackRock acquired a Rs 304 crore stake in Swan Energy, and HFCL established a new UK subsidiary for optical fiber cables

US stock market: Nasdaq, S&P 500 see new record highs, investors eye key data

Monday's trading on Wall Street resulted in a mixed finish for the major stock indexes and some market milestones. The S&P 500 and Nasdaq composite both reached all-time highs, with gains of 0.1 per cent and 0.3 per cent, respectively. However, the Dow Jones Industrial Average gave up an early gain and closed 0.1 per cent lower

Stocks to watch: RailTel, IRCON, Raymond, Coforge, Nazara Tech, and United Spirits shares in focus

RailTel and IRCON shares are likely to be in focus due to new orders the companies have received. Raymond has made headlines due to the announcement of a demerger. Solar Industries, Coforge, and Nazara Technologies are expected to be abuzz due to news of acquisition. A lease agreement is likely to keep United Spirits in focus

Bulls break barriers, AGAIN! Sensex teases 80,400 level, Nifty breaches 24,400 for the first time ever

On Thursday, Sensex opened at 80,321.79, up by 334.99 points from yesterday's close. It then climbed to a fresh record high of 80,392.64 points, nearing the 80,400-mark for the first time since its inception in the 1980s

Stocks to watch: Inox Wind, Zee Media, Cello World, Brigade Enterprises shares in focus; here's why

Shares of inox Wind are expected to be in focus due to a Rs 900 crore capital infusion. Brigade Enterprises and Taneja Aerospace are expected to be buzzing due to orders they have received. Shares of Zee Media and Cello World are also expected to trend. Here's why

US stock market: Rallies and record highs again for Nasdaq, S&P 500! Here's why

The S&P 500 and Nasdaq closed at fresh records on Wednesday (July 3). The broad-based S&P 500 rose 0.5 per cent to close at 5,537.02, while the tech-heavy Nasdaq Composite Index surged 0.9 per cent to 18,188.30. In contrast, the Dow Jones Industrial Average edged down 0.1 per cent to 39,308.00

Bulls do it again! Sensex tops 80K mark, Nifty flirts with 24,300 level

Banking and financial sector stocks led the rally in the Sensex pack. The top gainers were HDFC Bank, Kotak Mahindra Bank, ICICI Bank, IndusInd Bank, and Bajaj Finance

Stock market today: Shares of JSW Infra, Zomato, HDFC Bank, RVNL, and Godrej Industries to be in focus

Shares of JSW Infrastructure are likely to be in focus over its subsidiary's concession agreement. News regarding developments in the family settlement agreement is expected to keep the shares of Godrej Industries abuzz. Shares of Zomato, HDFC Bank, and RVNL are also expected to keep the bourses buzzing. Here's why

US stock market: Another record high! Tesla shares, Fed chair's comments behind the rally

The broad-based S&P 500 climbed 0.6 per cent to 5,509.01 on Tuesday (July 2). The tech-heavy Nasdaq Composite Index rose 0.8 per cent to 18,028.76. These are record levels for both the indices. The Dow Jones Industrial Average advanced 0.4 per cent to 39,331.85

RBI signs up for Project Nexus: Will quick, cheap UPI payments overseas soon become a reality?

For Indians, cross-border digital transactions that rely on the UPI framework, and happen quickly, safely, and cheaply may be here as early as 2026 due to the Nexus project. We explain what the Nexus project actually is, and whether it can make cross-border transactions faster, cheaper, and more transparent

SEBI slaps show cause notice on Hindenburg, US firm terms it 'nonsense'

Hindenburg said it received an email from SEBI on June 27 and later a show cause notice outlining suspected violations of Indian regulations

Hindenburg says got SEBI notice over bets on Adani stocks, calls it attempt to 'silence, intimidate'

Hindenburg termed the show cause notice as 'nonsense' and 'concocted to serve a pre-ordained purpose: an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India'

Nifty, Sensex soar again! Benchmark stock indices clock in fresh record highs; here's why

Both the Indian benchmark indices, Sensex and Nifty, soared to fresh lifetime highs on Tuesday (July 2). BSE Sensex clocked in a record high at 79,855.87, while the broader NSE Nifty 50 index crossed the 24,200 level for the first time

Stocks to watch: Here's why shares of Tata Steel, Godrej Properties, Gandhar Oil Refinery, and DCX Systems will be in focus

An update from its unit in the UK is likely to keep Tata Steel shares buzzing on Tuesday. A big sales update may be responsible for Godrej Properties being in focus on July 2. Additionally, big orders may keep Gandhar Oil Refinery and DCX Systems' shares in the spotlight

US stock market: Apple, Tesla shares lead Nasdaq up 0.8%, Dow Jones and S&P 500 rise, too

The tech-heavy Nasdaq Composite Index, led by gains in megacap growth stocks such as Apple and Tesla, rose 0.8 per cent to close at 17,879.30. The other two major Wall Street indices also did well. The Dow Jones Industrial Average edged up 0.1 per cent to 39,169.52, and the S&P 500 climbed 0.3 per cent to 5,475.09

Stocks to watch: Zydus Lifesciences, Dr Reddy's, Cochin Shipyard, and PTC Industries shares in focus

The Indian stock market is likely to start the day on a flat note. Asian stocks have given mixed signals ahead of the opening bell. From big orders to licensing agreements to breakthroughs in technology, take a look at why shares of Cochin Shipyard, Zydus Lifesciences, Dr Reddy's Laboratories, PTC Industries and more are likely to be in focus today

How Indian bonds inclusion in JP Morgan index will affect rupee value, economy, businesses, and investors

India's inclusion in the JP Morgan emerging markets bond index is likely to strengthen the rupee by attracting significant foreign inflows. It will also lower borrowing costs for the government, allowing more money to be spent on public welfare.and help finance the current account deficit. Private businesses are set to benefit through reduced financing costs. Investors, however, may face volatility and the risk of lower bond yields. We explain how

Bonds, Indian bonds: Are they outshining those in other emerging markets?

Compared to most of these countries, India's bond market is an outperformer, whether it be in terms of size, stability, potential for investment, or yields. Here's a comparative

Stock to watch: Shares of HCL, Inox Wind, JSW Infrastructure, TVS, and Ultratech Cement in focus

GIFT Nifty index, on Friday (June 28) around 8:35 am, was up 70 points or 0.29 per cent at 24,206 points. It hinted at a positive start for the Indian stock market on the last trading day of the month

US stock market: Wall Street indices see narrow gains, investors eye inflation numbers

The Dow Jones Industrial Average rose 0.1 per cent to close at 39,164.06. The S&P 500 also edged up 0.1 per cent, finishing at 5,482.87, while the Nasdaq Composite Index gained 0.3 per cent to end at 17,858.68

Stock market today: Shares of L&T Tech Services, RVNL, Dr Reddy's, BLS International, and JSW Energy in focus

The GIFT Nifty on Thursday suggested a negative start for D-Street. Global cues were mixed with US stocks performing well, but Asian shares falling. In India, shares of L&T Technology Services, Dr Reddy's, RVNL, BLS International, UPL, Ramky Infrastructure, and JSW Energy, are expected to remain in focus