Cooking gas shortages triggered by West Asia tensions have sharply boosted demand for induction cooktops and electric kettles in India. Companies including Stove Kraft, TTK Prestige and Butterfly Gandhimathi are seeing rising sales as restaurants and households shift to electric cooking amid supply disruptions and higher LPG prices nationwide recently.Read More
Asian stocks mirrored US declines as fears of the Iran war impacting energy supplies and boosting inflation intensified. Oil prices, though slightly lower Friday, remained elevated due to defiant rhetoric regarding the Strait of Hormuz. Investors are now pricing in prolonged inflation and potential impacts on corporate earnings, with Treasury yields rising on inflation worries.Read More
Brent crude inched further above $100 a barrel and stocks fell in early Asian trade on Friday, after Iran vowed to attack oil resources in the Middle East and keep choking the Strait of Hormuz. The Strait of Hormuz, a crucial waterway for crude, remains effectively shut.Read More
Adobe’s long-serving CEO Shantanu Narayen will step down once a successor is appointed, a move that saw shares dip amid concerns about the company’s AI strategy. Despite strong quarterly results and double-digit revenue growth, Adobe faces challenges from AI disruption and investor skepticism regarding monetization. Narayen will remain as board chair to support the transition.Read More
Gold prices rose on Friday, buoyed by a weaker dollar and falling U.S. Treasury yields as geopolitical tensions escalated in the Middle East. Despite a weekly dip, bullion found support from easing yields, while oil prices surged above $100 a barrel amid concerns over global energy supply.Read More
U.S. stocks plunged as Iranian strikes on oil tankers sent crude prices soaring, fueling inflation fears. Major indexes saw significant drops, with only energy and some defensive sectors performing well. The conflict’s escalation dimmed hopes for Fed rate cuts, while private credit markets faced concerns.Read More
Oil prices dipped Friday after the U.S. issued a 30-day license allowing the purchase of stranded Russian oil, easing immediate supply concerns. This move follows a larger release from the Strategic Petroleum Reserve and coordinated efforts by the IEA to stabilize global energy markets amidst escalating Middle East tensions and threats to the Strait of...Read More
The US dollar is strong, seen as a safe haven amid global market chaos. The euro is weak, and Japan might intervene to support the yen. Oil prices are rising, impacting markets. Investors are watching central bank meetings for clues on interest rates. Cryptocurrencies like Bitcoin and Ether are also seeing gains.Read More
The National Stock Exchange of India has appointed 20 merchant bankers and eight law firms for its upcoming initial public offering (IPO). The IPO will be an offer for sale, with existing shareholders expected to offload approximately 4-4.5% of the exchange’s equity. NSE is currently valued at around ₹5 lakh crore in the unlisted market.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
