Amidst U.S.-India trade uncertainties, Sundaram Mutual Fund’s Sunil Subramaniam views Trump’s tariff tactics as business maneuvers, not solely India-centric. He suggests India is a pawn in broader geopolitical plays, particularly concerning Russia and the EU. Despite initial FII selling, recent inflows and domestic portfolio shifts signal a positive market outlook.Read More
Larry Ellison, the Oracle founder, briefly surpassed Elon Musk to become the world’s richest person. This happened after Oracle shares surged, increasing the company’s market value significantly. Oracle’s rise is due to promising forecasts for its cloud infrastructure revenue. The company has also secured major deals in the artificial intelligence sector. This shift highlights the dynamic nature of wealth rankings.Read More
Japanese investors significantly increased their net investments in foreign stocks, reaching a four-month high, driven by expectations of a Federal Reserve interest rate cut in September. This surge followed a U.S. Labor Department report indicating a rise in the unemployment rate, fueling speculation of potential rate cuts. Meanwhile, local Japanese stocks experienced net foreign inflows, while foreigners sold long-term bonds.Read More
Dev Accelerator’s ₹143.35 crore IPO has been oversubscribed 7.22 times by day 2, with retail investors bidding 27.18 times their quota. Shares are trading at a 13% grey market premium, signaling strong investor confidence ahead of its September 12 close.Read More
ECB is expected to hold rates steady, balancing near-target inflation with trade and political risks. Lagarde signals limited easing possible, while internal debates highlight resilience versus disinflation risks. Stability remains the outlook.Read More
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