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NEW DELHI: Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up $1.96, or 2.07 percent, at $96.71 a barrel at 06:25 a.m. Saudi time, while US West Texas Intermediate crude rose $2.60, or 2.75 percent, to $97.01 a barrel. However, analysts said market participants are hesitant to fully unwind pricing for geopolitical risk, and there is no clar ...Read More >
NEW DELHI, April 9 : Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up $1.96, or 2.07 per cent, at $96.71 a barrel at 0325 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.60, or 2.75 per cent, to $97.01 a barrel. Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest dec ...Read More >
Infosys has announced a strategic collaboration with Harness, an AI software delivery platform, to accelerate agentic AI-led software delivery transformation for enterprises globally. In a press release filed with the exchanges on Tuesday, April 7, the company said that the partnership will integrate Infosys' Topaz Fabric and Cobalt cloud capabilities with the Harness Software Delivery Platform. This collaboration is aimed at improving productivity, streamlining software engineering processes, ...Read More >
Benchmark Brent crude cost about $109 a barrel on Tuesday, and has remained above or around $100 for more than three weeks, up over 50% from about $70 just before the conflict began on February 28. Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. "As this shock gets bigger and bigger, the risks of recession are rising significantly...There are likely some thresho ...Read More >
SAN FRANCISCO/AHMEDABAD, India - Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian, who makes plastic bags for groceries, may have to break contracts he cannot afford to honor with his customers. Thousands of miles away in India, gas shortages have closed dozens of plants that export aluminum products around the world. And in Britain, some farmers are eking out their fertilizer stocks as pri ...Read More >
* March job gains surpass expectations, unemployment rate dips * ISM non-manufacturing PMI decelerates, prices paid hit 3-1/2-year high * Soleno Therapeutics surges on Neurocrine's $2.9 bln buyout deal (Updates to market close) By Stephen Culp and Purvi Agarwal April 6 (Reuters) - U.S. stocks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's progressively heated threats of escalation should Iran fail to reope ...Read More >
April 6 (Reuters) - Goldman Sachs' (GS.N), opens new tab private credit fund said its investors sought to repurchase just under 5% of shares in the first quarter, which were fulfilled and below its quarterly repurchase cap. "We believe these results highlight the strong position of GS Credit relative to the broader non-traded BDC (Business Development Company) industry," it said in a regulatory filing on Monday. Fears that artificial intelligence could erode the earnings power of software co ...Read More >
New Delhi: The rise of advanced artificial intelligence (AI) is no longer a distant disruption; it is reshaping the global job market. Recent layoffs at tech giants such as Oracle, Amazon and Meta point to a structural shift rather than isolated cost-cutting measures. Oracle announced job cuts on March 31 that could affect up to 30,000 employees, nearly 18.5% of its global workforce of 162,000. The layoffs are expected to impact mid- to senior-level staff, particularly those with over a decade ...Read More >
PR Ramesh, former chairman of Deloitte India, has joined VerSe Innovation, the parent company of news platforms Dailyhunt and the short-video app Josh, as an independent director, the company said in a statement on Tuesday. Key Responsibilities at VerSe At VerSe, Ramesh will also head the audit committee and will be responsible for overseeing financial reporting, internal controls, risk management, regulatory compliance, and audit functions. Strong Industry Experience He brings extensive exp ...Read More >
The effective closure from the Iran war of the Strait of Hormuz -- the critical chokepoint for roughly 20% of the world's oil and liquefied natural gas -- is in its fifth week with no clear signs of resolving. For Asia, which buys more than 80% of the crude and LNG that flows through the narrow waterway, the consequences have been swift: severe fuel shortages, export bans, and government budgets stretched to the breaking point. The crisis is forcing Asia to look both backward and forward simult ...Read More >
Jyoti Bansal, an Indian entrepreneur, is now a billionaire. He built Harness, an AI software delivery company, valued at $5.5 billion. Bansal's journey highlights the H-1B visa route. He previously founded AppDynamics, which Cisco acquired for $3.7 billion. Harness uses AI to automate software deployment. Bansal plans to take Harness public. He advocates for attracting global talent. Indian-born entrepreneur Jyoti Bansal has become a new billionaire after building Harness, an AI-based software ...Read More >
Hong Kong's stock market has experienced a remarkable turnaround. Share sales have surged, making it Asia's leading fundraising hub. This boom is fueled by Chinese companies seeking global expansion. India, mainland China, and Japan also saw strong dealmaking. Despite global challenges, Hong Kong's market shows robust activity. Investors are now focusing on quality deals. Not long ago, Hong Kong's share-sale market was a symbol of China's slowdown: Deal books were thin, investor sentiment was s ...Read More >
Grocery delivery firm Zepto Ltd. is gearing up for a significant move. The company plans to file for an initial public offering of approximately $500 million in Mumbai as early as next week. This move comes as competition intensifies in India's fast-growing quick-commerce market. Zepto is working with several major financial institutions to submit its draft prospectus. Grocery delivery firm Zepto Ltd. is preparing to file for an initial public offering of about $500 million in Mumbai as early a ...Read More >
''The inspector of Bellandur police station was so arrogant, with no empathy to a father who lost his only child. Very sad state. I had money, I paid. What will the poor do?' Sivakumar K wrote on LinkedIn. (AI-generated image) A retired senior public sector executive has alleged that he was forced to pay bribes at multiple levels of Bengaluru's civic and law enforcement machinery following the sudden death of his only child. Sivakumar K, former Chief Financial Officer of Bharat Petroleum Corpor ...Read More >
Goldman Sachs survey finds private market investors optimistic for 2025, expecting more exits and stronger liquidity, led by growth in real assets, private credit, infrastructure, and real estate as global dealmaking improves. New Delhi [India], October 27 (ANI): Private market investors are generally optimistic about the investment environment and have greater expectations for generating liquidity across a number of exit routes, according to a Goldman Sachs Asset Management release. The ...Read More >
New Delhi [India], October 27 (ANI): Energy-intensive artificial intelligence (AI) data centers are expected to drive a sharp rise in power consumption, with data center power usage projected to increase by 160 per cent by 2030, according to a report by Goldman Sachs. The report noted that after nearly a decade of flat power demand growth, the emergence of AI-driven data centers is set to transform the global energy landscape. It stated "data center power usage is expected to increase +160 per ...Read More >
A GROUP of U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, is hesitant to lend $20 billion to Argentina without guarantees or collateral, the Wall Street Journal reported on Monday. U.S. Treasury Secretary Scott Bessent said last week that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bankers are waiting on guidance from the Treasury Department on what collateral Arg ...Read More >
India's IT services sector shows tentative signs of demand stabilization, with recent sequential revenue growth. However, the outlook for FY26 remains muted at 1.1% growth due to cautious client spending and the impact of AI. The information technology (IT) services sector in India is showing tentative signs of demand stabilisation, even as visibility into calendar year 2026 remains weak, noted in a report on India's IT services by Goldman Sachs. "While there are early signs of demand stabilisa ...Read More >
Mumbai: Goldman Sachs has projected a potential repo rate cut by the end of 2025, bringing relief to borrowers across the country. The global investment bank believes that recent fiscal and policy developments point toward the end of India's current monetary tightening cycle. A cut in the key policy rate would directly lower EMIs on home, car, and other loans, providing more disposable income for consumers. GST Reforms Signal Fiscal Flexibility The report highlights the recent simplification o ...Read More >
New Delhi [India], October 19 (ANI): An additional policy rate cut is expected before the end of the year, alongside recent GST simplifications, indicating that peak fiscal consolidation is behind us. These factors, combined with domestic regulatory easing, are likely to foster a gradual recovery in credit demand, said a report by Goldman Sachs. "We expect an additional policy rate cut before year-end, and the recent GST simplification signals that peak fiscal consolidation is behind us. We exp ...Read More >
New Delhi [India], October 19 (ANI): An additional policy rate cut is expected before the end of the year, alongside recent GST simplifications, indicating that peak fiscal consolidation is behind us. These factors, combined with domestic regulatory easing, are likely to foster a gradual recovery in credit demand, said a report by Goldman Sachs. "We expect an additional policy rate cut before year-end, and the recent GST simplification signals that peak fiscal consolidation is behind us. We exp ...Read More >
Unity Software (U) shares pulled back nearly 7% in the latest session, catching investors' attention after a stretch of declines this month. The selloff has sparked discussion about the stock's valuation and where it fits into the broader software sector conversation. See our latest analysis for Unity Software. Unity's 1-month share price return of -24.4% stands out against an otherwise strong year, with shares still up more than 41% year-to-date and a robust 63% total shareholder return over ...Read More >
Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for expansion and sustainability initiatives. Midwest, a natural stone mining and exporting player, will open its Rs 451-crore initial public offering (IPO) for subscription on ...Read More >
(Reuters) -U.S. stock index futures rose on Monday, building on gains from last week as a flurry of AI-related dealmaking and softer labor market trends bolstered expectations for an interest-rate cut. The resilience in equities came despite the federal government shutdown showing little signs of resolution, underscoring the persistent appetite for tech stocks and an increased focus on the upcoming earnings season for cues on the trajectory of the economy. "The current AI infrastructure buildo ...Read More >
New Delhi: Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday. The proposed IPO would be a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added. The filing has been made under Sebi's confidential or pre-filing route, which allows compa ...Read More >
New Delhi, Oct 1 (PTI) Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday. The proposed IPO would be a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added. The filing has been made under Sebi's confidential or pre-filing route, which ...Read More >
Mumbai: A clutch of global and domestic institutions is lining up for the anchor book of Tata Capital's ₹15,512 crore initial public offering, the biggest share sale of 2025. Morgan Stanley, Goldman Sachs, Amansa Capital, Norges Bank, Life Insurance Corporation of India, ICICI Prudential Mutual Fund and HDFC Mutual Fund are among the dozen firms that have shown interest, according to bankers familiar with the matter. The anchor book is scheduled to open on october 3. Email queries to Tata Capi ...Read More >
New Delhi: Motilal Oswal Mutual Fund on Monday bought shares of forging and precision engineering firm Bharat Forge worth nearly Rs 378 crore through an open market transaction.According to the bulk deal available on the NSE, Motilal Oswal Mutual Fund (MF) purchased nearly 32 lakh equity shares, or 0.65 per cent stake, in Pune-based Bharat Forge. The shares were acquired at an average price of Rs 1,217.32 apiece, taking the transaction value to Rs 377.73 crore.Details of the sellers of Bharat F ...Read More >
Mumbai, Sep 29 (PTI) The Reserve Bank's Monetary Policy Committee began its three-day deliberations amid expectations of status quo on the key interest rate, but some experts think that the central bank may settle for a 25 bps cut. The decision of the RBI Governor Sanjay Malhotra-headed six-member rate-setting panel will be announced on Wednesday. The meeting is taking place against the backdrop of ongoing geopolitical tensions and the US imposing 50 per cent tariffs on Indian shipments. The R ...Read More >
The banking regulator, through its internal investigation, found Simpl to be in violation of the Payments and Settlement Systems Act, 2007." The Reserve Bank of India (RBI) has asked Bengaluru-based fintech startup Simpl to halt all payment operations. In a letter dated September 25, a copy of which was reviewed by ET, the central bank stated: "The entity is directed to immediately stop the business of payment systems carried out by involving functions of payment, clearing, and settlement." Si ...Read More >
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