Uncategorized

Goldman Sachs Group Inc and Morgan Stanley have announced lower guidance for crude oil rates in the final quarter of this year.

Pine Labs disputes an Entrackr report, says RBI draft rules on unused gift card balances will not hit profits as breakage income belongs to partner brands.

Rahul Arora, CEO of Ashika Institutional Equities remains selective on consumer stocks, favouring Britannia, Tata Consumer and Nestle, while preferring Eternal over Swiggy in the internet space due to stronger growth prospects and lower losses.

Despite a slowdown in IPO activity this year, India’s primary market remains well-stocked with 236 draft issues, while listings from Turtlemint, Zepto and SBI Mutual Fund are expected in the coming months.

Closing Bell: Benchmark indices extended gains for a third straight session, with IT stocks leading the rally as HCLTech surged on its Sarvam AI investment and Nifty finished just below 24,000.

On Monday, brokerage firm Macquarie initiated coverage with an “outperform” rating on GMR Airports with a price target of ₹125 per share, indicating an upside of 17.2% from its previous close.

Under the multi-year agreement, Kaleris will roll out its terminal operating system and AI-augmented container handling and optimisation platform across 15 container terminals spanning nine domestic and international ports.

Qatar plans to restore around 50% of its liquefied natural gas (LNG) production within a month of the reopening of the Strait of Hormuz and expects output to reach nearly 80% of normal levels within two months.

Market watchers have stressed to clients that they see this development as a temporary bandage rather than a long-term solution.

Economists say Warsh will likely aim for a neutral approach, largely because he is taking over the Fed at a challenging time. Rising inflation has made it all but impossible for the Fed to cut interest rates anytime soon, which…