Sponsored by Prashanthi Reddy Law Offices
Sponsored by MATA – Mana American Telugu Association
Sponsored by Parivaar Ventures
7884 వార్తలు
Paris Jackson has secured a major legal victory in her dispute with the executors of Michael Jackson’s estate after a Los Angeles judge ruled that more than $625,000 in bonuses paid to outside law firms must be returned.
PM Modi's short visit to Abu Dhabi is seen as a chance for India shore up energy supplies from the UAE and to discuss the welfare of the four-million-strong diaspora in the Emirates.
Oil prices climbed Friday amid fears of ship attacks and seizures, despite Iran's claims of safe passage through the Strait of Hormuz. Traders are also watching US-China trade talks closely. Geopolitical tensions remain high, with disruptions significantly tightening global oil supplies and potentially impacting prices until late 2027.
Metal stocks are experiencing a strong rally. Shares of Adani Enterprises, Hindalco Industries, and Vedanta have surged. Analysts recommend patience. Investors should buy on dips rather than chase momentum. Several factors are driving this surge, including government import duty hikes on gold and silver. Strong industrial demand and supply disruptions are also supporting prices.
Simca Advertising's IPO saw robust investor demand, subscribed over 80 times, yet a modest grey market premium suggests a subdued stock market debut. The out-of-home advertising firm, focusing on Mumbai and Maharashtra, plans to use IPO funds for expansion and digital asset monetization. Despite strong financials, market watchers anticipate a muted listing.
Elon Musk-owned AI chatbot Grok faced a fresh outage on Friday, with users reporting failed prompts, blank responses and login issues. Downdetector showed a spike in complaints, while reports by Economic Times, Hindustan Times and others pointed to recurring disruptions in recent months.
Trump administration cancelled the temporary deployment of 4,000 troops to Poland amid tensions with Europe over the West Asia war. This decision follows Pentagon's withdrawal of troops from Germany and reflects a broader reevaluation of US military presence in Europe.
Gold prices dipped to a one-week low, heading for a weekly fall. Rising energy costs are sparking inflation worries and the prospect of sustained high interest rates. Investors are also keenly watching the U.S.-China summit, while the Federal Reserve signals no immediate rate policy changes. Meanwhile, India is set to limit gold imports.
Dollar surged to a two-month high, fueled by rising energy prices and shipping disruptions, intensifying inflation fears and boosting expectations for a Federal Reserve rate hike. Meanwhile, cautious optimism surrounds U.S.-China talks, with leaders discussing trade and the Strait of Hormuz. The yen and euro weakened against the strong dollar.
Oil prices saw an increase on Friday. Market worries persist regarding ship attacks and seizures. Iran stated many vessels passed through the Strait of Hormuz. U.S. and Chinese presidents continued their discussions in Beijing. A ship was reportedly seized off the United Arab Emirates. The U.S. and China agreed on the importance of keeping the Strait of Hormuz open.
Petrol and diesel prices were hiked by ₹3 per litre across India on 15 May amid rising crude oil prices and tensions in West Asia. Petrol now costs ₹97.77 per litre and diesel ₹90.67 per litre in key cities, increasing fuel expenses for consumers and businesses.
Nifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy prices, and foreign fund flows. A move above 23,800 could boost Nifty higher. Failure to hold this level may bring selling pressure. India VIX fell. SAIL and Kaynes are in F&O ban. Foreign investors bought shares.
Markets extended their rebound for a second consecutive session on Thursday, buoyed by supportive global cues and selective buying in heavyweight stocks. Banking majors played a crucial role in the relief rally, while IT stocks remained under pressure. Several companies, including Adani Enterprises, Tata Motors PV, and JSW Steel, were in focus due to significant block deals and financial results.
Asian stocks climbed, mirroring Wall Street's record highs driven by the AI trade and robust US consumer resilience. Japan, South Korea, and Australia saw gains, with the MSCI Asia Pacific Index on track for its sixth weekly rise. Nvidia's rally fueled US trading, while Brent crude edged higher and the dollar maintained its strength.
India's crude oil stocks have dropped 15% since late February due to declining imports amid the Iran conflict. Refiners are drawing from inventories to maintain processing rates, but sustained supply constraints may soon necessitate reduced operations, potentially explaining the call for fuel conservation.
