Brent crude fell 0.57% to $115.15 a barrel, while WTI slipped 0.43% to $101.32 Oil prices edged lower on Tuesday as fresh diplomatic efforts to ease the US-Israeli war on Iran raised hopes of reduced supply disruptions, although continued attacks on Saudi Arabia kept the global benchmark Brent crude near six-month highs.Brent crude futures fell…
Meta Platforms Inc is seeking to raise as much as $95 billion from selling common and preferred stock, supporting its development in AI with one of the largest equity offerings in history. The company is offering about $35 billion of common and preferred stock, according to a statement Monday. It also plans to raise as…
MUMBAI: Tata Motors’3.9 billion (Rs 42,561 crore) acquisition of Italian commercial vehicle maker Iveco has cleared a key acceptance threshold, paving the way for the Indian group to take full ownership of the company and delist it within months. The offer secured acceptances representing 87.8% of Iveco’s shares by the close of the tender period…
File photo: SBI chairman CS Setty during a press conference in Mumbai MUMBAI: State Bank of India expects interest rates to rise by 50 basis points in Dec, with chairman C S Setty saying higher rates could affect discretionary consumption credit demand but were unlikely to significantly dent overall credit growth given a 7.1% growth…
File photo: Noel Tata and N Chandrasekaran MUMBAI: Tata Trusts chairman Noel Tata on Monday challenged the resolution to reappoint N Chandrasekaran as the chairman of Tata Sons, which was passed at the Sept 17 board meeting of the holding company of the country’s largest conglomerate.Noel Tata wrote to Tata Sons’ company secretary Suprakash Mukhopadhyay…
Geopolitical tensions and soaring crude prices are fuelling market volatility, weakening the rupee and driving foreign investors away from Indian stocks. MUMBAI: Rising geopolitical risks, elevated crude oil prices, a weakening rupee and unabated foreign fund selling have combined to force Dalal Street investors on the back foot. As a result, markets are bracing for…
File photo: Ministry of Corporate Affairs NEW DELHI: The corporate affairs ministry has extended the deadline for companies to file their annual financial statements for the fiscal 2025-26 till Dec 31. Besides, they can submit their annual returns to the ministry till Jan 31, 2027, as per a circular. The extension of deadlines follows representations…
IEA’s Birol does not expect energy markets to return to pre-war levels in 2027 With oil prices edging towards $120 a barrel and winter adding to concerns over fuel supplies, the global energy crisis could outlast the Iran war itself.International Energy Agency (IEA) executive director Fatih Birol has warned that energy markets are unlikely to…
Vande Bharat Sleeper train NEW DELHI: Indian Railways is set to expand its premium overnight train network with two new Vande Bharat Sleeper services connecting Mumbai and Bengaluru, and Varanasi and New Delhi. The Bengaluru-Mumbai service is scheduled to be inaugurated on October 31, followed by the Varanasi-New Delhi service on November 1.The two services…
At the upper end of this range, the IPO values Jio Platforms at approximately $108 billion. The allotment of Jio Platforms’ Rs 30,213-crore initial public offering (IPO) is expected to be finalised on Monday, following a record-breaking response from investors.Applicants can check their allotment status through the website of the issue’s registrar, KFin Technologies, or…
