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Oracle shares saw a significant surge. This happened after a strong forecast for its cloud sector. Larry Ellison’s wealth increased substantially. He briefly surpassed Elon Musk as the world’s richest person. OpenAI plans a large purchase of Oracle’s computing power. Oracle is becoming a major player in AI cloud computing. It competes with Microsoft and Google.Read More

Reliance Industries has increased its asset-backed securities issuance to ₹21,000 crore, driven by strong investor demand. The securities, offering a 7.75% coupon, are backed by receivables from Reliance’s operating businesses and feature a four-year tenor. ICICI Prudential Mutual Fund is expected to lead investments, with participation from other major asset managers.Read More

Indian government bonds are poised for a resurgence, with demand expected to pick up from October. Analysts anticipate that benign inflation, resilient fiscal footing, and potential RBI action to address market dislocations will revive demand. Experts suggest that strategic policy interventions and upcoming key events could further soften yields on long bonds.Read More

Equity markets closed higher, with the Nifty briefly surpassing 25,000, fueled by optimism surrounding India-US trade negotiations. Technical analysis suggests continued upward momentum if the index sustains above 24,750-24,820, potentially reaching 25,160. While FIIs were net sellers, DIIs were significant buyers, and the rupee remained stable amid trade uncertainties.Read More

Indian markets showed positive momentum on Wednesday. Infosys will consider a share buyback. IDBI Bank seeks insolvency against ZEE. Tata Motors faced a cyber incident at Jaguar Land Rover. Vedanta’s acquisition plan for Jaiprakash Associates faces scrutiny. Eicher Motors announced GST benefits for customers. Rail Vikas Nigam secured a West Central Railway project.Read More