India a ‘huge growth opportunity’: UK-India investment pact can boost FDI, says former FTA negotiator

India is emerging as one of the world’s biggest investment opportunities, with global companies increasingly backing its long-term growth story despite carefully weighing risks and returns, according to Harjinder Kang, the UK’s Trade Commissioner for South Asia. The executive said that a proposed Bilateral Investment Treaty (BIT) between the two nations could further strengthen investor…

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Gold Silver Rate Today Live Updates: Gold rallies over 2% to $4,063 as weak US data boosts investor sentiments

Gold traders eye US PPI, China GDP after softer inflation shifts Fed outlook Investors turned their attention to key economic data due later on Wednesday after weaker U.S. inflation figures prompted markets to reassess the Federal Reserve’s interest-rate trajectory. A clearer picture of inflation is expected from the U.S. Producer Price Index (PPI), while China’s…

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Stock market live updates today: All eyes on BSE Sensex and NSE Nifty50 as Middle East crisis pushes crude prices higher

Dalal Street is headed for trade today on a cautious note after ending the previous session in red. Equities remained under pressure as a combination of global and domestic factors weighed on investor sentiment. Rising crude oil prices, renewed geopolitical tensions in the Middle East, persistent foreign fund outflows and a weakening rupee emerged as…

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Worse fall than 1987, $69 billion wipeout as IBM ‘falters’: Why stock price crashed 25% – analysts call it ‘ugly moment’

IBM said it had “faltered” in responding to a sharp shift in corporate technology. (AP photo) A $69 billion wipeout and worst fall in nearly 40 years – IBM’s share price on Tuesday crashed 26% in trade in a sign of how the technology sector is rebalancing with the growth of artificial intelligence. Shares of…

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Byju Raveendran: Singapore court denies stay on Byju’s jail term

File photo: Byju Raveendran BENGALURU: The Singapore high court has declined Byju Raveendran’s request to suspend a six-month civil contempt sentence, lifting the temporary protection earlier granted to the Byju’s founder while his appeal against the ruling remains pending.Raveendran’s legal team clarified that the July 9 hearing dealt only with his application to stay the…

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IBM shares tank 26% after initial results disappoint

Shares of software and IT services companies plunged Tuesday after International Business Machines (IBM) reported preliminary results that missed analyst expectations, reigniting questions about the sector.IBM shares plummeted as much as 26%, on track for their biggest one-day drop since at least 1968. The company reported that it missed expectations because customers shifted capital spending…

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Oil price today: Crude tops $85 a barrel as US restores Strait of Hormuz blockade

Oil prices surged beyond the $85-a-barrel mark on Wednesday as the Middle East once again got embroiled in conflict. Energy supply concerns intensified after the United States reinstated a naval blockade on Iran and fighting between Washington and Tehran escalated, raising fears over crude supplies moving through the Strait of Hormuz.Brent crude and US West…

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