MUMBAI: New York’s The Pierre Hotel, managed by the Taj chain, may see a change in ownership. The Sultan of Brunei, along with Saudi businessman Essam Khashoggi, has expressed interest in buying the iconic Manhattan property for $2 billion.If the deal is sealed, Taj could check out of the Pierre after nearly two decades of…
Global markets steadied on Thursday after the US Federal Reserve cut interest rates by 25 basis points but signaled a cautious approach to further easing.US equity futures rose around 0.3–0.4% after a volatile Wall Street session, where the Dow Jones Industrial Average gained 0.57% to close at 46,018.32, while the S&P 500 slipped 0.10% to…
NEW DELHI: Finance minister Nirmala Sitharaman on Thursday urged India Inc to step up investments and expand capacities, saying the government has already delivered on key reforms expected by industry.Speaking at the IFQM Symposium, Sitharaman stressed that the government has delivered on industry expectations, citing reforms on ease of doing business, tax benefits, FDI liberalisation…
Market experts predict continued upward movement, supported by progressive trade negotiations, Fed rate cut effects on global liquidity. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday on positive global cues following US Federal Reserve rate cut move. While Nifty50 went above 25,400, BSE Sensex…
Nvidia CEO Jensen Huang on Wednesday admitted the chipmaker is caught in the crossfire of the US-China trade war, saying Washington and Beijing “have larger agendas to work out” as the company struggles to balance soaring global demand for its AI chips with tightening political restrictions.Speaking in London on Wednesday, Huang said, “We can only…
Currently, gold prices have approached a very crucial support zone around ₹1,09,000 levels, which is likely to act as a strong floor for the metal. (AI image) Gold and silver price prediction today: Gold prices and silver prices continue to exhibit a bullish trend, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients…
MUMBAI: The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to Oct 8, as the ministry of petroleum and natural gas objected to the scheme, citing a lack of necessary disclosures. The Mumbai bench of NCLT also directed Vedanta and the ministry to file written submissions in five…
MUMBAI: RBI said it has formed an independent panel to strengthen the stakeholder engagement in regulatory process and leverage industry expertise on a continued basis. The independent advisory group on regulation (AGR) has been formed, comprising external experts, to channel industry feedback into periodic review of regulations through regulatory review cell (RRC). SBI MD Rana…
MUMBAI: Urban Company made a blockbuster debut on the bourses on Wednesday, listing at a 62 per cent premium to the IPO issue price of Rs 103 on the NSE, underlining high investor appetite for India’s up-and-coming newage home services space.The company’s shares surged 74 per cent in the trading session to hit day’s high…
MUMBAI: Sebi will engage with the government to allow banks, insurance companies and pension funds to invest in non-agriculture commodity derivative markets, its chairman Tuhin Kanta Pandey said on Wednesday.He said the capital markets regulator is also looking at a proposal to allow foreign portfolio investors to trade in non-cash settled, non-agricultural commodity derivative contracts….
