Business
19730 articles
US Stocks Today: US stocks fall at open as Iran war escalation sends oil prices up
Wall Street's main indexes opened lower on Monday after military strikes between the U.S. and Iran drove up oil prices, fanning inflation worries as the interest-rate outlook turns more hawkish.
Labor Day 2026: Date, history, origins, significance. Is it a federal holiday? Are schools closed?
Labor Day is an annual US holiday celebrating the social and economic achievements of American workers. It emerged from the labour movement of the late 19th century, when workers and labour activists pushed for better working conditions and greater recognition of the contribution of working people.
Chinese AI chipmaker Enflame aims to raise $908 million after setting Shanghai IPO price
Enflame Technology, a prominent Chinese AI chip manufacturer, is set to raise over $900 million through its IPO in Shanghai. This initiative aligns with China's ambition for technological independence following US export restrictions on chips. The firm intends to confront Nvidia's stronghold in the AI chip sector, channeling the raised capital into sophisticated chip development and software initiatives. Investor pre-subscriptions for the IPO are slated to commence on Wednesday.
Chennai’s rain gets a market price: NCDEX launches RAINCHNNAI weather derivatives futures contract
NCDEX launched RAINCHNNAI, a futures contract allowing market participants to hedge Chennai’s Northeast Monsoon risks. Utilizing a Cumulative Deviation Rainfall model, it complements the RAINMUMBAI contract, providing a complete monsoon risk management cycle from June through December.
India 10-year bond yield sees biggest monthly rise in FY27 on rising rate hike bets
On Monday, Indian government bonds faced a notable drop, reflecting market unease. The benchmark 10-year yield marked its sharpest monthly increase of the fiscal year, fueled by rising oil prices and the Reserve Bank of India's aggressive monetary policy. Additionally, the Federal Reserve's recent indications added pressure on the bond market. This downturn raises serious concerns regarding India's inflation prospects and government financial stability.
Fly-Hi Maritime Travels to hit IPO waters with Rs 52.6 crore BSE SME issue on Tuesday
Fly-Hi Maritime Travels is preparing to debut its much-anticipated Rs 52.6-crore SME IPO on September 1. With shares priced at Rs 102 each, the funds raised will be directed towards enhancing operational capabilities, repaying debts, and bolstering marketing efforts. The initiative aims to reinforce the company's foothold in the specialized marine travel market, propelling its growth forward.
Quote of the day by Arthur Zeikel: "Generally speaking, bad news tends to develop on the installment plan, and the first earnings revision is usually not the last"
Arthur Zeikel’s observation highlights how bad news and earnings downgrades can unfold gradually. An initial cut to profit forecasts may signal deeper challenges, with further revisions possible as weaker demand, rising costs or other headwinds emerge. For investors, tracking the direction of earnings expectations can help identify broader deterioration and assess risks.
Milky Mist Q1 Results: Profit zooms nearly 9 times YoY to Rs 65 crore; revenue rises 44%
Milky Mist Dairy Food reported a nearly ninefold jump in Q1FY27 profit to Rs 65 crore, while revenue rose 43.6% year-on-year to Rs 973.45 crore. Strong demand for ice cream, curd and yogurt, higher volumes, improved product mix and operational efficiencies helped drive gross and EBITDA margin expansion.
Global Market: Emerging Asian currencies fall as Fed hike bets rise, oil prices surge
Most emerging Asian currencies and equities fell on Monday as hawkish comments from US Fed Chair Kevin Warsh boosted bets on a possible September rate hike, strengthening the dollar and pressuring regional assets. A surge in oil prices amid escalating US-Iran tensions added to concerns for energy-importing economies.
Bitcoin slips below $80,000 after Kevin Warsh’s inflation vow
Bitcoin slipped below $80,000 after hawkish comments from Fed Chair Kevin Warsh raised concerns over interest rates and weighed on risk assets. The cryptocurrency is now trading near key support levels, with analysts watching $77,000 closely. Meanwhile, US spot Bitcoin ETFs ended a nine-session inflow streak with nearly $202 million in outflows, signalling some cooling in institutional demand.
Market wrap: Sun Pharma, Nestle India, ITC, Adani Ports top gainers and losers on Nifty and Sensex on Monday
Indian benchmark indices ended lower on Monday, with the Sensex falling 307 points and the Nifty50 declining 0.39% amid rising US bond yields, crude oil prices and renewed rate-hike concerns. Adani Enterprises and Adani Ports led the losers, while Sun Pharma and Nestle India were among the top gainers.
PM Modi meets Iran President Pezeshkian for first time since Gulf war: What was discussed
In a post on X, Modi shared pictures from the meeting and said the two leaders discussed the prevailing situation in the region. He added that India would continue to support all efforts aimed at ensuring lasting peace in the region.
Titan vs Kalyan Jewellers: Why HSBC favours both stocks amid jewellery sector growth
HSBC has picked Titan Company and Kalyan Jewellers as its preferred jewellery stocks, citing growth opportunities from daily-wear jewellery and B2B manufacturing. The brokerage has retained Buy ratings on both stocks, with target prices of Rs 5,550 and Rs 770, respectively, while highlighting key risks including gold price volatility and competition.
