BUSINESS
Markets climbing wall of worry
Three signals from the market are significant: one, the dollar index is down 0.40 per cent; two, crude is down 3 per cent; and three, safe haven buying in gold is limited. The takeaway from these market signals is that the market is climbing all walls of worries and a collapse triggered by geopolitical events is unlikely, he said.
US FTC to pay $100 mn in refunds to Vonage consumers who lost money
Vonage used dark patterns to make it difficult for consumers to cancel their service and often continued to illegally charge them even after they spoke to an agent directly and requested cancellation.
US stocks rise as investors expect big turn of events this week
US stocks rose on the Monday bell after a bruising sell-off last week as investors looked ahead to a big week of events, with the Federal Reserve's latest policy decision and earnings from Apple on the calendar, US media reports said.
'He has worked 80 to 90 hrs a week': Sudha Murty defends husband
Speaking to News18, Sudha Murty, the author and head of Infosys Foundation, said that "he has worked 80 to 90 hours a week, so, he doesn’t know what less than that is. He believes in real hard work and he lived like that. Hence, he has told what he felt".
Singur plant row: Tata Motors can recover Rs 766 cr from Bengal govt as compensation
“In respect of the arbitration proceedings between Tata Motors Limited (TML) and West Bengal Industrial Development Corporation Limited (WBIDC), in relation to TML’s claim of compensation from WBIDC under various heads, on account of the loss of capital investments, with regard to the automobile manufacturing facility at Singur (West Bengal), this is to inform that the aforesaid pending Arbitral proceedings before a three-member Arbitral Tribunal has now been finally disposed of by a unanimous Award dated October 30, 2023 in favour of TML," Tata Motors said in a filing.
Onion prices dip after hike in minimum export price: Govt
"The Government’s decision to impose Minimum Export Price of $800/ton on onion with effect from 29th October 2023 till 31st December 2023 to discourage exports and maintain availability in domestic markets has shown an immediate impact of price correction in Maharashtra markets, where prices recorded a decline of 5 per cent to 9 per cent from the highest price registered during last week," an official statement said.
Nifty ends higher for second consecutive day
At close, Nifty was up 0.49 per cent or 93.7 points at 19140.9. Volumes on the NSE were the lowest since October 9, said Deepak Jasani, Head of Retail Research, HDFC Securities.
Oil prices fall again as Israel-Hamas conflict deepens
Brent crude, the global oil benchmark, fell by 1.2 per cent to $89 a barrel, and West Texas Intermediate (WTI) crude, the US benchmark, dropped by 1.3 per cent to trade at $84 a barrel. Last week, Brent fell by 1.8 per cent and WTI by 3.6 per cet.
Vistara launches direct flight to Hong Kong
The inaugural flight, operated on Vistara’sA321neo aircraft, commenced from Indira Gandhi International Airport, Delhi at 9.05 p.m on Sunday and arrived at Hong Kong International Airport on Monday.
Shares of Mahindra & Mahindra Financial slump more than 11% after weak results
M&M Financial Services was down 11.65 per cent on BSE at Rs 245.
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