Wall Street moved higher on Tuesday as investors reacted to signs of progress in negotiations over the Iran conflict, while technology stocks extended gains and easing bond yields provided additional support, AP reported.The S&P 500 rose 0.5 per cent after trading resumed following Monday’s holiday. The Dow Jones Industrial Average gained 53 points, or 0.1…
Insurance regulator Irdai has directed insurers to link the remuneration of managing directors (MDs), chief executive officers (CEOs) and other senior executives to customer-centric outcomes, including claim responsiveness, grievance redressal and the overall financial health of the company, PTI reported.The Insurance Regulatory and Development Authority of India (Irdai) issued amendments under the IRDAI (Corporate Governance…
AI image used for representative purposes A Rs 25 lakh annual package once symbolised stability, success and the promise of a comfortable life. Today, for many young professionals in India’s cities, it often feels like survival with better branding. The country’s new middle class is earning more than previous generations could have imagined, boosted by…
A board meeting of Tata Sons, the holding company of the Tata Group, concluded in Mumbai on Tuesday amid reports of discussions around leadership and concerns over the performance of some group businesses, PTI reported.Directors, including Tata Trusts chairman Noel Tata, arrived at the group’s headquarters, Bombay House, in the morning and left in the…
British oil giant BP has removed Albert Manifold as chairman less than a year after he took over the role, citing what it described as “serious concerns” over governance, oversight and conduct at the company, AFP reported.The company announced on Tuesday that board member Ian Tyler has been appointed interim chairman with immediate effect.“The board…
State-run Union Bank of India on Tuesday approved plans to raise up to Rs 8,000 crore through a mix of debt and equity instruments, PTI reported.In a regulatory filing to the BSE, the bank said its board had approved raising debt capital of up to Rs 5,000 crore through Basel III-compliant Additional Tier-1 bonds and/or…
Capital markets regulator Sebi will examine whether disclosure requirements for debt-only listed entities need to be relaxed as part of broader efforts to deepen India’s corporate bond market, Chairman Tuhin Kanta Pandey said on Tuesday, PTI reported.Speaking at an event organised by CareEdge Ratings in Mumbai, Pandey said the regulator would also launch a pilot…
India and the US on Tuesday signed a bilateral framework covering the supply, mining and processing of critical minerals and rare earth elements. The agreement was announced by external affairs minister S Jaishankar after bilateral discussions and the Quad Foreign Ministers’ meeting, where the issue also featured prominently.“We are today signing a bilateral India-US framework…
Gold price prediction today: Gold prices may gain if oil prices fall, but the rise is likely to be capped, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
Global investors have sold nearly $24 billion worth of Indian equities so far this year as capital shifted towards the artificial intelligence-driven rally in Taiwan. (AI image) After months of AI-led rallies, Taiwan has finally overtaken India in terms of total stock market valuation, driven largely by the sharp rally in shares of Taiwan Semiconductor…