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US crude futures were up 1.3%, or 72 cents, to trade at $55.99 at 0022 GMT.

The elimination of the tax credit, the continuous criticism of Musk, and fierce competition from more affordable or attractive EVs produced by firms like BYD and Xiaomi in China and Volkswagen in Europe continue to pose business issues. 

Separately, Mitsubishi UFJ Financial Group Inc. is nearing a deal to acquire a minority stake in Shriram Finance, according to a Bloomberg report.

Shareholders of Vedanta Ltd. will be entitled to one equity share of every demerged entity for every one share they currently hold in the listed entity.

Shares of ICICI Prudential AMC are likely to be credited to the Demat accounts of successful bidders on Thursday, December 18. Refunds for the non-allottees will also be processed on the same day. The company’s shares are expected to be…

Tesla shares ended at a record high on Tuesday, which contributed to the recovery in the Nasdaq. The index ended above the flat line on Tuesday with gains of nearly a quarter of a percent. Most of the other big…

The sale comes as Ola Electric’s stock has lost more than three-fourths of its value from its post-listing high of ₹146.38 and is currently trading at ₹34.48, well below its IPO price of ₹76.

Rail Vikas Nigam Ltd won a ₹165.04 crore order from North Eastern Railway to build Bridge No. 50 over river Gandak for the Gorakhpur Cantt–Valmikinagar doubling project.

Gold, silver and copper are expected to remain the preferred plays in commodities next year, backed by supply tightness, investor demand and structural themes such as electrification and AI, while crude oil is likely to stay confined to a narrow…

The rupee’s slide past the 91-per-dollar mark is being exacerbated by lingering uncertainty over a US–India trade deal, alongside global market volatility and capital outflows. Kotak Securities’ Anindya Banerjee highlights that while India’s exports remain robust, investor caution driven by…