‘IDBI Bank sale not to have significant impact on business’MUMBAI: LIC has said it is in an advantageous position under Irdai’s new distribution norms and it also has taken steps to ring-fence the performance of bancassurance channels despite the impending sale of IDBI Bank – its largest bank distribution partner. Officials cited low expense ratio,…
While starting the Muhurat trading on a positive note, both BSE Sensex and Nifty50 slipped in red to end the session flat. NEW DELHI: Diwali began on a cautious note for Dalal Street this year. As investors marked the start of Samvat 2083 with the traditional one-hour Muhurat trading session, the Sensex and Nifty opened…
DoorDash is suddenly competing with Amazon on multiple fronts. Investors shouldn’t dismiss its chances. A DoorDash-Instacart union would have a 19% market share in U.S. online grocery sales, according to data from Emarketer. Late last month, DoorDash announced a deal to buy Instacart for $17 billion, valuing the grocery delivery platform at a 26% premium…
Indian stock markets will open for a special trading session on Sunday, November 8. Diwali muhurat trading 2026 LIVE: Indian stock markets will open for a special trading session on Sunday, November 8, to mark Diwali and the start of Samvat 2083, the new Hindu calendar year. The session comes after a strong week for…
Gold and silver prices in India remained largely uniform across major cities on Diwali, November 8. The price of 24-karat gold stood at ₹1,43,570 per 10 grams, while 22-karat gold was priced at ₹1,31,600 per 10 grams, according to Goodreturns. The price of 18-karat gold stood at ₹1,07,680 per 10 grams. Meanwhile, silver was priced…
Indian stock market benchmarks began the 70-minute special Muhurat trading session on Diwali with gains. At the opening bell at 2:20 pm, the Sensex was up 250 points, while the Nifty had risen 70 points. Muhurat trading is a special session held every year on Diwali, which also marks the beginning of the new Samvat…
Samsung’s cash reserves to cross 200 trillion won as AI chip demand grows Samsung Electronics is on course to become the first company in South Korea to build cash assets of more than 200 trillion won ($146.6 billion), with the artificial intelligence (AI)-driven semiconductor boom strengthening its financial position.The chipmaker’s cash reserves have nearly doubled…
Strait of Hormuz disruptions push IOC to acquire crude oil, LPG carriers With shipping costs rising sharply and movement around the Strait of Hormuz facing disruptions, Indian Oil Corporation (IOC) is looking to take greater control of how its crude oil and liquefied petroleum gas (LPG) reach its refineries.The state-owned oil major plans to purchase…
Gold and silver price outlook NEW DELHI: Gold and silver may have ended the week on a brighter note, but whether they can keep the shine going is another question. Bullion prices could remain under pressure next week as investors brace for a busy mix of inflation data, crude oil movements and fresh twists in…
FIIs pour in Dalal Street after global AI stocks tumble NEW DELHI: Foreign portfolio investors (FPIs) have invested Rs 38,971 crore in Indian equities this week, as a sharp fall in global technology stocks flipped investment trends.Concerns over heavy spending on artificial intelligence (AI) and a possible slowdown in data centre investments have triggered selling…
