A year ago, the message from many business leaders was that AI was going to wipe out jobs. For the past month or so, tech CEOs have been striking a more optimistic tone. OpenAI CEO Sam Altman recently said the industry has ’underestimated how much we’re going to be able to keep people at the…
Strategy, the bitcoin-hoarding company led by Chairman Michael Saylor, is caught in a math trap of its own making. Under Michael Saylor, Strategy devised the mNAV metric. Saylor has trained investors to believe Strategy’s model for acquiring bitcoins would work so long as the market valued the company at a premium to the value of…
Morgan Stanley has a bullish outlook on equities India’s recent market cool-off may be a temporary phase rather than a reset. According to Morgan Stanley, stronger economic growth could help the country regain lost valuation ground and reinforce the investment case for Indian equities. The brokerage added that the relative de-rating has been driven largely…
FlyaDeal kick-started operations in India (Representative image taken from X) Saudi Arabia‘s low-cost carrier flyadeal has entered the Indian aviation market, launching its first service between Hyderabad and Riyadh.The inaugural flight from Riyadh landed at Rajiv Gandhi International Airport in Hyderabad on July 4, marking the airline’s debut in India, airport operator GMR Hyderabad International…
India’s state-owned oil refining giants stepped up crude purchases last week, securing millions of barrels through separate tenders. According to sources cited by Reuters, Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) together bought around 7 million barrels of crude, with the cargoes scheduled for delivery over the coming months.IOC accounted for 5 million…
Selecting an incorrect ITR form can result in the return being treated as defective. (AI image) ITR filing: Which is the correct tax return form for you? ITR-1 to ITR-7 eligibility explainedITR filing FY 2025-26: Filing your income tax return can seem to be a daunting task. This annual exercise should be completed with extreme…
During the visit, Modi is also scheduled to attend the India-Australia CEOs Forum. (ANI photo) Nuclear power push: Prime Minister Narendra Modi’s visit to Australia this week may see a key uranium supply agreement being signed. It’s one of the key expected outcomes of PM Modi’s visit to Australia this week, as India seeks to…
Upside in bullion may remain limited as inflation continues to stay above the Federal Reserve’s 2% target. (AI image) Gold price prediction today: Gold prices are likely to see a limited upside because of high inflation in the US, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold inched higher in…
Gold prices began the week on a firm footing, holding close to a two-week high after weaker-than-expected US employment data reinforced expectations that the Federal Reserve may not rush into another interest rate increase. Spot gold traded around $4,175 per ounce on Monday after posting a gain of more than 2% last week, ending a…
Stock market today: All eyes on earnings season, TCS to announce results on July 9 The spotlight this week is shifting to corporate earnings as Tata Consultancy Services prepares to announce its June-quarter results on July 9, marking the start of the Q1 FY27 earnings season. Investors will closely examine the company’s financial performance along…
