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Source: Live Mint Oil fell by more than $1 a barrel on Wednesday on rising U.S. crude inventories, while the risk of supply disruption from the Middle East conflict and Hurricane Milton in the United States curbed price declines. Brent crude futures were down $1.21, or 1.6%, at $75.97 a barrel at 11:05 a.m. EDT…
Source: Live Mint The main stock indexes turned higher in a choppy trading session on Wednesday as investors awaited the minutes of the Federal Reserve’s latest meeting, while Alphabet shares lost ground after the U.S. said it was considering breaking up Google. Shares of Alphabet fell 1.8%, limiting broader gains, after the U.S. Department of…
Source: Live Mint Hyundai Motor India has planned an investment of ₹32,000 crore in the country over the next 10 years, between 2023 and 2032, Hyundai Motor India Managing Director Unsoo Kim said during an IPO-related press conference on Wednesday, October 9, in Mumbai. The auto major is also investing ₹6,000 crore in its Pune…
Source: Live Mint Vedanta board meeting to consider dividend cancelled Read Full Article
Source: Live Mint Brent crude futures had corrected 17 percent before the recent upsurge, driven by a supply hike by OPEC+ and weak demand from China. This brought prices down from the April 2024 peak of USD 91.2 per barrel. On Monday, Brent rose above $80 per barrel for the first time since August after…
Source: Live Mint MUMBAI : Registered investment advisors (RIAs) can offer all kinds of products, including those not regulated by the Securities and Exchange Board of India (Sebi), and charge fees or receive commissions, said Sebi full-time member Kamlesh Varshney in an interaction with the Association of Registered Investment Advisors (ARIA) on Wednesday. Moreover, he…
Source: Live Mint Hyundai Motor Co’s Indian subsidiary, Hyundai Motor India, is in talks with more than 100 top global and domestic investors to take part in the anchor book round of its public issue, Moneycontrol reported on Wednesday, quoting people aware of the development. Anchor investors such as GIC, Capital Group arms, Fidelity Group…
Source: Live Mint In a recent report on the power sector, Nomura has initiated coverage on Tata Power and JSW Energy, giving them a ‘buy’ rating and setting target prices of ₹560 and ₹885, respectively. The brokerage is of the opinion that India’s power sector offers substantial growth opportunities and it sees green energy as…
Source: Live Mint Shiv Texchem IPO Day 2 subscription status: The Shiv Texchem initial public offering (IPO) continued to attract strong investor interest on its second day of subscription. As of 1:55 pm on October 9, the issue was subscribed 7.67 times across all categories, showing promising momentum. The retail investors led the demand with…
Source: Live Mint Corporate giants emerged from the pandemic poised to expand their empires, but have these ambitious moves paid off for shareholders? Mint examines how 16 of India’s top businesses, part of the Nifty50 index, seized post-pandemic opportunities, strategically expanded both organically and inorganically over the past three years, leveraging acquisitions and partnerships to…
