Global crude benchmarks jumped over 2% on Thursday as tensions in the Middle East escalated once again, with Iran announcing that the Strait of Hormuz is “closed to all vessels.” Tehran’s move came after the US military launched fresh strikes on multiple sites in Iran.Brent crude futures rose $2.30, or 2.47%, to $95.40 a barrel,…
MUMBAI: After months of resilience, there are early signs of investing fatigue among retail mutual fund investors. In May, as the stock market showed extreme volatility—thanks to the war in West Asia—net inflows into equity funds fell to the lowest level in more than a year at, Rs 22,908 crore. On a month-on-month basis, this…
BENGALURU: Rajesh Exports chairman Rajesh Mehta, who is under Sebi’s scanner over allegations that the company inflated its revenues by Rs 15.2 lakh crore between FY21 and FY25, said he does not intend to challenge the regulator’s interim order and is fully cooperating with the investigation.At 4.2%, US inflation logs biggest gain in 3 yearsAt…
NEW DELHI: The government may not immediately mandate a higher level of ethanol blending but leave it to buyers to decide on flex fuel vehicles amid concerns that rushing from E20 to E25 will damage engines of existing vehicles.Most cars and 2-wheelers manufactured between 2012 and March 2023 were designed or certified to be E10-compliant,…
US President Donald Trump on Wednesday said he expects major artificial intelligence companies to agree to “giving back” to the public, suggesting a model that could involve a government stake or public benefit mechanism tied to AI industry gains, as per Reuters.Speaking at the White House Oval Office, Trump said he would soon meet top…
Oil prices have surged since Iran’s closure of the Strait of Hormuz and the subsequent US naval blockade of Iranian ports, yet crude has stopped well short of the $200-a-barrel levels many analysts once feared. According to maritime intelligence firm TankerTrackers, one key reason is the emergence of alternative shipping networks that are allowing oil…
India’s equity market has been “over-punished” for lacking a direct artificial intelligence (AI) play and for its exposure to rising oil prices, according to BlackRock, which said record foreign outflows and a tougher macroeconomic environment have not undermined the country’s medium- to long-term investment prospects.Natasha Sarkaria, EMEA investment strategy lead of wealth at BlackRock, was…
Wall Street’s major indexes traded mixed to lower on Wednesday as investors grappled with a continued selloff in technology stocks, rising geopolitical tensions in the Middle East, and expectations that the Federal Reserve could keep interest rates elevated for longer.The S&P 500 was nearly flat after recovering from an early decline, while the Dow Jones…
AI image used for representation purposes Elon Musk’s SpaceX is set to debut on stock market this week. It could become the biggest stock market debut in history, with the company expected to raise nearly $75 billion at a valuation of about $1.77 trillion, as per various analysts.Elon Musk is expected to reserve an unusually…
Equity mutual funds saw a sharp slowdown in inflows in May, falling to their lowest level in a year as geopolitical tensions in West Asia, rising crude oil prices and market volatility weighed on investor sentiment, according to data released by the Association of Mutual Funds in India (AMFI).Net inflows into equity schemes stood at…
