The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia. According to Nigam Arora, a US-based algorithm analyst and author […]

The governor made it clear that the RBI is aware of what’s happening and acts accordingly, but doesn’t make a noise about that, points out Tamal Bandyopadhyay. Reserve Bank of India Governor Shaktikanta Das, a cricket aficionado, wants all who bat on the banking and non-banking finance turf, and the stakeholders, to play long term — like Rahul Dravid. That’s […]

Following the sharp pullback seen Thursday afternoon, stocks showed a substantial move back to the upside during trading on Friday. The Nasdaq surged to a nearly two-month closing high, while the Dow and the S&P 500 reached their best closing levels in well over a month. The major averages saw further upside going into the close, ending the session near […]

British drug major AstraZeneca Plc. (AZN.L,AZN) announced Friday that the U.S. Food and Drug Administration or FDA has approved its Truqap (capivasertib) in combination with Faslodex (fulvestrant) to treat patients with advanced hormone receptor or HR-positive breast cancer. The Truqap in combination with Faslodex approval is for the treatment of adult patients with HR-positive, HER2-negative locally advanced or metastatic breast […]

President Biden will press the Chinese leader Xi Jinping on Wednesday to crack down on the Chinese firms that are helping to produce fentanyl, a potent drug that has killed hundreds of thousands of Americans. An agreement to curb China’s illicit exports of fentanyl and, particularly, the chemicals that can be combined to make the drug, could be one of […]

General insurance companies are likely to see a surge in demand for health insurance in the coming months due to falling air quality in the country. The health insurance segment has registered a strong growth after the pandemic due to higher awareness. In the first half of financial year 2023-24, the segment grew by 24.4 per cent to Rs 54,713.52 […]

‘Our Q1 was almost flat, and there was very negligible growth in Q2, but the deal pipeline and the order book have been fairly significant.’ Information-technology services firm LTIMindtree, performed well compared to its larger peers but it acknowledges macro headwinds. This was evident in the firm’s share price, which was up 5.8 per cent as the markets closed. Debashis […]

NatWest has said it will not pay £7.6 million in potential payments to former chief executive Dame Alison Rose after she left the company in July amid the fallout over the debanking row with Nigel Farage. However, Ms Rose will still be entitled to £1.7million in salary, fixed share allowance and a pension allowance for the rest of the notice […]

Bootstrapping has put Nithin Kamath of Zerodha in a position where he can trifle with talk about valuation, points out Suveen Sinha. Of the numerous things at which your columnist has failed, an ill-fated stab at a digital news media startup still gnaws at the edges of the mind. This was about eight years ago, well before ‘funding winter’ had […]