Wall Street surged toward new record highs on Thursday, led by technology stocks, after Nvidia announced a $5 billion investment in Intel and the Federal Reserve delivered its first interest rate cut in nine months. The S&P 500 rose 0.4 per cent in early trade, poised to surpass its all-time high set earlier this week, […]
Pharma sector outlook: ICRA pegs 7-9% revenue growth for FY26, US headwinds cloud prospects
India’s pharmaceutical sector is projected to post healthy revenue growth of 7-9 per cent in FY26, aided by robust demand in the domestic and European markets, even as momentum in the United States is expected to cool, according to rating agency ICRA.The domestic market is expected to expand by 8-10 per cent and Europe by […]
Nvidia-Intel pact: Nvidia to invest $5 billion in Intel; firms to co-develop AI infrastructure and PCs
Nvidia on Thursday said that it will invest $5 billion in Intel and partner with the struggling chipmaker to build artificial intelligence infrastructure and personal computer products, in what the companies called a “historic collaboration.”As part of the agreement, Nvidia will buy Intel common stock at $23.28 a share, subject to regulatory approvals, AP reported. […]
UK interest rates: Bank of England holds benchmark rate at 4%; inflation lingers at 3.8%
The Bank of England on Thursday kept its benchmark interest rate unchanged at 4 per cent, with inflation in the UK still running at nearly double its 2 per cent target. The move was widely expected by markets.Fresh data released on Wednesday showed annual inflation holding steady at 3.8 per cent in August, AP reported.The […]
GST rate cut benefit: Maruti Suzuki slashes car prices by up to Rs 1.29 lakh; check list
Maruti Suzuki India, the country’s largest carmaker, on Thursday said it will cut vehicle prices by up to Rs 1.29 lakh from September 22, passing on the benefit of a GST rate reduction to customers.According to the company’s regulatory filing, entry-level model S-Presso will see the steepest reduction of Rs 1,29,600, followed by Alto K10 […]
Ahmedabad plane crash: Air India victims’ kin sue Boeing, Honeywell; blame fuel cutoff switches that FAA cleared as ‘safe’
The families of four victims of the June 12 crash of Air India Flight AI171 have filed a lawsuit against US planemaker Boeing and aerospace supplier Honeywell, alleging that faulty cockpit fuel switches caused the deadly accident that killed 260 people.The complaint, lodged in Delaware Superior Court on Tuesday, claims the accident occurred seconds after […]
Private capex jump unlikely in FY26: S&P
MUMBAI: While a jump in capital expenditure is unlikely this fiscal year, the prospects for the economic growth catalyst are much better over a medium-to-long term, an arm of global rating agency S&P said on Wednesday. Companies are likely to invest upward of $800 billion over the next five years, S&P Global said. “There is […]
Vedanta demerger: Final hearing on October 8
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 […]
Gold & silver price prediction today: MCX Gold to remain bullish? Here’s the outlook
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 […]
RBI forms panel to boost stakeholder role in regulations
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 […]