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BENGALURU -- Gold rose to a near three-week high on Wednesday as oil prices and the dollar fell sharply after the United States and Iran agreed to a two-week ceasefire as talks began on a permanent end to the war. Spot gold was up 1.7% at US$4,783.78 per ounce, as of 1123 GMT. Earlier in the session, bullion rose more than 3% to its highest level since March 19. US gold futures for June delivery gained 2.7% to $4,812.60. The United States and Iran have agreed to a two-week ceasefire, subject ...Read More >
Investing.com -- UBS on Monday nudged down its S&P 500 price targets, flagging elevated oil prices from the Middle East conflict as a threat to growth and a likely delay to Federal Reserve rate cuts, though the bank maintained its broadly positive outlook on U.S. equities. The firm cut its June 2026 S&P 500 target from 7,300 to 7,000 and its December 2026 target from 7,700 to 7,500. Its earnings estimate for 2026 was left unchanged at $310 per share, implying 11% growth. "Slightly weaker growt ...Read More >
April 1 (Reuters) - U.S. stock futures advanced on Wednesday, after the indexes saw their biggest one-day gains in nearly a year in the previous session, following President Donald Trump's comments that suggested a swift end to the Middle East conflict. Trump and Secretary of State Marco Rubio said on Tuesday that the end of the Iran war could be near, signaling potential for both direct talks with Iranian leadership and a winding down of the conflict without a deal. Trump is scheduled to addre ...Read More >
S&P Global Ratings warns that rising crude oil prices and potential government intervention could squeeze the profit margins of Indian oil marketing companies like IOC, BPCL, and HPCL, impacting consumers and the energy sector. Illustration: Uttam Ghosh Key Points * S&P Global Ratings predicts potential margin squeeze for Indian oil marketing companies due to rising crude oil prices. * Geopolitical tensions and the Strait of Hormuz closure contribute to crude oil price volatility, impacting ...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 >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
New Delhi, Oct 3 (PTI) Silver has outpaced gold with a 19.4 per cent surge in September against a 13 per cent rise in the yellow metal price, driven by robust industrial demand, especially from solar and technology sectors, and tightening global supply. Silver prices climbed Rs 24,500 from Rs 1,26,000 per kilogram on September 1 to Rs 1,50,500 per kg on September 30, marking one of the steepest monthly gains in recent years. On Friday, the white metal settled at Rs 1,50,000 per kilogram in the ...Read More >
Sept 10 (Reuters) - Australian lender ANZ Group (ANZ.AX), opens new tab raised its year-end gold price forecast to $3,800 per ounce on Wednesday and expects prices to peak near $4,000 by next June, supported by strong investment demand for bullion. Gold prices rose to an all-time high $3,673.95 on Tuesday and has gained 38% so far this year, bolstered by a soft dollar, strong central bank buying, dovish monetary settings and heightened global uncertainty. "Prospects of continued accommodative ...Read More >
Sept 12 (Reuters) - European shares slipped in choppy trading on Friday, weighed by a drop in healthcare stocks, while investors also braced for Fitch's credit rating verdict on France later in the day. After rising nearly 0.2% earlier in the day, the pan-European STOXX 600 (.STOXX), opens new tab reversed course and was last down 0.2% to 554.8 points, as of 0845 GMT. Healthcare stocks (.SXDP), opens new tab weighed the most, slipping 0.6%. Swiss pharmaceutical company Novartis (NOVN.S), opens ...Read More >
New Delhi, Aug 21 (PTI) Solar module maker Vikram Solar's initial public offer garnered 54.63 times subscription on the last day of bidding on Thursday. The IPO received bids for 2,47,81,57,740 shares against 4,53,61,650 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched a huge 142.79 times subscription. Non Institutional Investors' part received 50.90 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 7.65 time ...Read More >
Solar photo-voltaic company Vikram Solar has fixed a price band of Rs 315-322 for its upcoming initial public offering (IPO), which will open for bidding next week, on August 19. The issue comprises a fresh component aggregating up to Rs 1,500 crore and an offer for sale component, which will include the selling shareholders offloading 17,450,882 shares in the company. At the upper range of the price band, the selling shareholders' portion aggregates to Rs 579.36 crore, taking the total IPO si ...Read More >
Tata's Magna electric coaches, designed for long-haul operations, are seen as a key enabler in making sustainable mobility viable beyond urban centres. Tata Motors has signed a Memorandum of Understanding (MoU) with Green Energy Mobility Solutions (GEMS), the newly formed electric mobility subsidiary of Universal Bus Services (UBS), to supply 100 units of its Magna electric intercity coaches. The agreement was formalised during the Passenger Vehicle Expo 2.0 in Chennai. GEMS, backed by UBS -- a ...Read More >
July 18 (Reuters) - Gold traded flat on Friday and was headed for a weekly fall, weighed down by an overall stronger dollar and solid U.S. economic data, while platinum scaled its highest level since August 2014. Spot gold was unchanged at $3,337.59 per ounce, as of 0156 GMT. U.S. gold futures eased 0.1% to $3,343.20. Bullion has declined 0.5% so far this week. The dollar edged 0.1% lower against its rivals on Friday, but was headed for a second straight weekly gain. A stronger dollar makes gr ...Read More >
New Delhi [India], July 11 (ANI): The Indian telecom sector appears to be entering a phase of stagnation, with global investment bank UBS issuing a cautious outlook ahead, going into the sector Q1FY26 results. According to UBS, the telecom sector is described as lacking near-term catalysts and being priced for perfection, with growth expectations potentially outpacing actual market dynamics. UBS further notes that while a 10-12 per cent tariff hike is expected later in FY26, the probability of ...Read More >
New Delhi [India], July 9 (ANI): The Competition Commission of India (CCI) approved the acquisition of wealth and lending units of UBS AG by 360 ONE Group entities. According to the Competition Commission of India, the transaction involves the transfer of key financial services operations, including portfolio management, stock broking, distribution, and lending from UBS AG to the 360 ONE entities. The proposal approved by the Competition Commission suggests that 360 ONE Portfolio Managers Limi ...Read More >
Mumbai : "India is not just experimenting with outcome-based financing -- we are institutionalizing it to build a resilient, inclusive skilling ecosystem. Models like the Skill Impact Bond and Project AMBER demonstrate how public funds, philanthropic capital, and private investment can come together to drive measurable social impact at scale," said Shri Jayant Chaudhary, Hon'ble Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State, Ministry of E ...Read More >
New Delhi, Jun 27 (PTI) The initial share sale of HDB Financial Services Ltd, a subsidiary of HDFC Bank, got subscribed 16.69 times on the closing day of bidding on Friday, amid encouraging participation from institutional buyers. The initial public offer (IPO) received bids for 2,17,67,62,140 shares against 13,04,42,855 shares on offer, according to details available on the NSE. Qualified Institutional Buyers (QIBs) part garnered 55.47 times subscription while the category for non-institution ...Read More >
New Delhi, Jun 26 (PTI) The initial share sale of HDB Financial Services Ltd, a subsidiary of HDFC Bank, subscribed 1.16 times on day two of the offer on Thursday. The Rs 12,500-crore initial public offer (IPO) received bids for 15,11,23,780 shares against 13,04,42,855 shares on offer, according to details available on the NSE. Non-institutional investors part attracted 2.29 times subscription, while the quota for qualified institutional buyers (QIBs) subscribed 90 per cent. The portion for re ...Read More >
Hindustan Aeronautics Ltd (HAL) shares will remain in focus on Friday after the Ministry of Defence (MoD) announced a Rs 13,500-crore contract with the company to procure 12 Su-30MKI fighter aircraft. The deal, signed on Thursday, December 12, aims to bolster India's defence capabilities while promoting the 'Aatmanirbhar Bharat' initiative. The deal, valued at approximately Rs 13,500 crore, includes associated equipment and is inclusive of taxes and duties. The aircraft will feature a homegrown ...Read More >
New Delhi [India], December 3 (ANI): India's real estate sector is entering a "sweet spot," supported by a unique combination of favourable factors expected to drive growth over the next three to five years, according to a UBS report. The report highlights multiple tailwinds for the residential sector, including record-low inventory levels, strong affordability, supportive regulations, and increased consolidation among developers. Additionally, factors such as urbanization, rising incomes, and ...Read More >
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India's GDP at 6.5 per cent. The Indian economy would find it challenging to achieve over 7 per cent growth for the fourth consecutive year, economists said. They pointed out that the second-quarter (Q2) Gross Domestic Product (GDP) data, which was announced on November 29, has made the task even more daunting for the government. "A sharper than expected growth slowdown in Q2 has tilted risks to our ...Read More >
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two institutional investor conferences in December. Among other topics, management will address its record financial results in 2024 to date, the impact of broadcast television political advertising on the outcome of the 2024 election, and the potential for ownership de-regulation under the new administration and how and why Nexstar could participate. A live web ...Read More >
(Reuters) -Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President-elect Donald Trump's proposed tariffs to fuel volatility across global markets, spurring inflationary pressures and, in turn, limiting the scope for major central banks to ease monetary policy. World economies and equity markets have had a robust year, with global growth expected to average 3.1% this year, a Reuters poll published in October s ...Read More >
SINGAPORE/HONG KONG (Reuters) - Affinity Equity Partners, a Hong Kong-based buyout firm, has concluded two acquisitions in Southeast Asia worth a combined $1.65 billion, people with knowledge of the deals said. It bought Jakarta-based gummy candy company Yupi for $1.2 billion, said two of the people. Yupi, founded in 1996, is one of the largest gummy candy makers in Asia and its products are sold in more than 50 countries, according to its websites. Affinity acquired the company from Yupi's fo ...Read More >
TIPS Music, one of India's leading music labels, has received a 'Buy' rating from YES Securities as it initiated coverage on the firm, with a target price of Rs 1,050, indicating a potential upside of 18% from the current market price of Rs 888.65. Shares of TIPS Music climbed as much as 1.7% on Tuesday to Rs 888.65 on BSE. Yes Securities has valued TIPS Music at a Price-to-Earnings (P/E) ratio of 47 times based on projected earnings per share (EPS) for September 2026, reinforcing its bullish r ...Read More >
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