The Dow Jones Industrial Average (DJIA) is slipping today as the Federal Reserve’s Federal Open Market Committee (FOMC) kicks off its two-day meeting. During this session, the Fed will deliberate on potential interest rate cuts. While the results won’t be announced until Wednesday afternoon, traders remain on edge about the central bank’s decision. Light Up…
BANGKOK (AP) — China’s energy and auto giant BYD has unveiled an ultra-fast EV charging system that it claims is nearly as quick as refueling at a gas station. On Monday, BYD, China’s largest EV maker, announced that its new flash chargers can fully charge its latest EVs in five to eight minutes—comparable to the…
LONDON, March 17: Crude oil prices edged higher on Monday following U.S. military action against Yemen’s Houthi rebels and renewed optimism about China’s economic recovery, which could bolster global energy demand. Over the weekend, U.S. President Donald Trump authorized airstrikes targeting the Iran-aligned Houthis in response to their continued attacks on Red Sea shipping. A…
Jyoti has announced that it has secured a significant order worth ₹9.90 crore from GVPR Engineers, Hyderabad, for a project based in Pipalkhunt, Rajasthan. The contract entails the design, manufacturing, and supply of six pump sets equipped with HT motors of 2.8 MW and 3.7 MW ratings. Additionally, the order includes a forced water system,…
Foreign Portfolio Investors (FPIs) have been steadily withdrawing funds from the Indian equity market, with a notable sell-off of Rs 30,000 crore in the first fortnight of March 2025. This trend follows a significant outflow of Rs 34,574 crore in February and Rs 78,027 crore in January, bringing the total outflow to Rs 1.42 lakh…
The upcoming week is expected to see rangebound market movement, with investors focusing on key central bank meetings, including the U.S. Federal Reserve (FOMC), Bank of England (BoE), and Bank of Japan (BoJ). Other critical factors include developments in the global trade war and China’s retail sales and industrial production data. Market Recap & Outlook…
Gold surged past the monumental $3,000 per ounce threshold for the first time ever on Friday, continuing its record-breaking rally as investors sought refuge from economic uncertainty. The precious metal climbed 2.94% in morning trading to reach $3.85 per ounce, just a day after surpassing its previous high from late February. Spot gold was up…
The automotive world is watching as Nissan undergoes a significant leadership transition. In an announcement that sent ripples through the industry, the Japanese automaker revealed that CEO Makoto Uchida is stepping down, with Chief Planning Officer Ivan Espinosa set to take the reins as of April 1st. This change comes at a critical juncture for…
BEIJING — Mainland Chinese investors are pouring into the Hong Kong stock market at unprecedented levels, driving record purchases as the Hang Seng Index hovers near three-year highs. On Monday, net mainland Chinese purchases of Hong Kong stocks hit a record HK$29.62 billion ($3.81 billion), according to Wind Information data. This marks the highest level…
External Review Expected to Conclude by Q4 FY25 IndusInd Bank, one of India’s leading private sector lenders, has warned of a potential loss of Rs 1,500 crore due to adjustments in its derivatives portfolio. This impact, estimated at 2.35% of the bank’s net worth as of December FY25, stems from hedging instruments used to manage…
