Indian rupee hits low of 95.33 per dollar as surging crude oil prices and foreign outflows intensify economic pressures. Inflation risks, widening deficits and weak capital flows strain currency, with central bank interventions unable to halt depreciation amid energy disruptions.Read More
The Indian rupee fell to a record low on Thursday, as investors fretted over the economic risks confronting India from a resurgence in crude oil prices to 2022 highs, threatening the inflation-economic growth balance for the net energy importer and sapping capital flows.Read More
Brookfield Asset Management is gearing up for a significant Initial Public Offering for Altius Telecom Infrastructure Trust. The company plans to file draft papers soon, aiming to raise up to $630 million. Altius, India’s largest telecom tower operator, is also considering a pre-IPO round. This offering could be one of India’s largest infrastructure investment trust...Read More
Indian stock markets experienced a significant downturn on Thursday, with Sensex and Nifty both falling over 0.7%. This decline was driven by soaring oil prices, a record low for the rupee, and other factors that negatively impacted investor sentiment.Read More
United Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global energy market. The move comes amid a Strait of Hormuz blockade and ongoing Iran conflict, heightening fears of severe oil supply disruptions from alliances that control nearly half of global output.Read More
Tech giants, including Google-parent Alphabet, Amazon, Microsoft, and Meta, announced their quarterly earnings on Wednesday, with the Facebook and Instagram-parent appearing to fall behind in terms of AI boost.Read More
Japan’s Nikkei share average fell on Thursday as a surge in oil prices, driven by reports of possible U.S. military action to break the Iran stalemate, and mixed corporate earnings dampened investor appetite.Read More
Despite a sharp sell-off triggered by rising crude oil prices, Nifty’s correction is viewed as healthy and normal by ICICI Direct’s Dharmesh Shah. He advises investors to seek entry points, expecting the Nifty to consolidate between 23,500 and 24,500 before heading towards 24,800 in May. Shah identifies telecom, metals, and capital goods as sectors to...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.