Stock Market Today Live Updates: Asian markets fell sharply on Friday as soaring crude oil prices rattled investors and reignited fears of a fresh inflation shock. Brent crude traded around $100.85 a barrel after surging 7% overnight to a two-month high, driven by supply concerns following attacks on Saudi tankers in the Red Sea and…
Gold, silver price today: International gold tumbles over 2% after hitting two-week high Global gold prices witnessed a sharp correction after climbing to a two-week high in the previous session. Spot gold dropped more than 2% to around $4,043 per ounce during US trading, after earlier touching its highest level since July 7. Silver also…
Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax MUMBAI: Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax through block deals worth around $108 million (Rs 1,048 crore), the term sheet of the…
NEW DELHI: Competition in India’s premium smartphone segment is set to intensify later this year as Apple prepares to enter the foldable smartphone market, challenging Samsung’s long-standing dominance in a category that, while still niche, is expected to continue growing despite an overall slowdown in handset demand.Samsung, currently commands about 89% of India’s foldable market,…
Just weeks after crude prices had fallen on hopes that the Middle East was easing, oil has staged a sharp comeback. Fresh attacks on Saudi oil tankers in the Red Sea and a disruption to Kazakhstan’s exports have revived fears over global supplies, sending prices beyond the $100-a-barrel mark.On Friday, Brent crude futures fell 63…
Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo NEW DELHI: Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo, has opposed the proposed move to allow airport operators in India to own and run airlines too. “There is no global precedent for this. It raises massive conflict-of-interest concerns, and it is unclear…
ITC chairperson Sanjiv Puri, on Thursday, said the company aspires to become India’s number one FMCG player, telling shareholders at the annual general meeting that its non-tobacco FMCG business has crossed Rs 24,000 crore in revenue.The milestone makes it the second-largest FMCG company by revenue after Hindustan Unilever, ahead of Nestle (Rs 23,200 crore in…
Flipkart to start food deliveries from next month NEW DELHI: The food delivery space is set to get hotter with Flipkart planning a foray over the next 30 days.“Food delivery is another customer use case within our broader e-commerce platform. We will begin with a pilot, learn from it, and decide how to scale across…
Global benchmark Brent crude topped the $100-per-barrel mark NEW DELHI: Global benchmark Brent crude topped the $100-per-barrel mark Thursday for the first time in nine weeks as the renewed conflict between US and Iran in West Asia disrupted shipments thr-ough Strait of Hormuz, while Tehran-backed Houthi rebels continued to target shipping through Bab el-Mandeb Strait.Brent…
India to face 10% US tarrifs The Trump administration on Thursday imposed new tariffs of 10 per cent and 12.5 per cent on imports from 60 economies, including India, saying the move aims to push trading partners to strengthen enforcement against goods produced using forced labour. India now qualifies for the lower 10% rate after…
