Last week’s flush lower across markets — particularly crypto markets — is seeing at least a temporary reversal Monday, with investors cheered by Amazon’s (AMZN) plans to invest up to $50 billion to expand artificial intelligence and supercomputing infrastructure for the U.S. government. The news has helped send the Nasdaq higher by 2.3% at the noon hour…
NEW DELHI: Prime Minister Narendra Modi will visit Ayodhya on Tuesday to ceremonially hoist a saffron flag atop the spire of the Shri Ram Janmbhoomi Temple, marking the formal completion of the temple’s construction. The ceremony, scheduled around noon, is expected to draw widespread attention across the country, with authorities stepping up security in Ayodhya…
Check out the companies making the biggest moves in premarket trading: Novo Nordisk — Shares tumbled 10% after the Danish pharmaceutical company’s trial for Alzheimer’s disease failed to meet its main goal of slowing the disease’s progression. Tesla — CEO Elon Musk said on X that the company is close to finalizing its latest artificial-intelligence…
A steady expansion in retail credit demand is expected to keep non-bank finance companies on an 18 per cent growth path, even as lenders turn more selective amid rising borrower leverage, Crisil Ratings has said. The agency noted that NBFCs are moderating their stance in pockets such as unsecured MSME loans, where repayment stress is…
Wall Street bank JPMorgan is sharpening its view on U.S.-listed bitcoin miners as a wave of high-performance computing (HPC) deals reshape business models and add long-term revenue clarity. The bank upgraded Cipher Mining (CIFR) to overweight from neutral and raised its price target on the stock to $18 from $12. The shares were 4.2% higher…
NEW DELHI: The Election Commission on Monday took cognisance after an audio recording of a Booth Level Officer surfaced on social media, in which he expressed work-related stress amid the ongoing Special Intensive Revision of the electoral roll in Kerala.Kerala Chief Electoral Officer Rathan Kelkar and District Collector Chethan Kumar Meena held a video conference…
The Indian rupee could come under further strain this week, with traders watching whether the currency edges closer to 90 per US dollar amid limited signs of strong central bank intervention. The rupee touched a record low of 89.49 on the previous Friday and slid 0.8 per cent over the week, driven by portfolio outflows,…
Representative image (Picture c Afghanistan has approached India with an offer to reopen and develop its long-idle mining sites, hoping to draw investment and create jobs, but Indian industry leaders say the sector requires careful groundwork before any decisions can be made. After a meeting with an Afghan delegation, Associated Chambers of Commerce and Industry…
Bitcoin BTC$86,137.94 mining is experiencing a significant revival in China even though the activity was formally banned in 2021, according to Reuters. After almost disappearing from the global landscape, China has climbed back to the third position with an estimated 14% share of global mining by October, according to Hashrate Index. This resurgence is driven…
NEW DELHI: The Delhi High Court on Monday sought responses from the Centre, CBI and ED on a plea by alleged middleman Christian Michel James, an accused in the Rs 3,600-crore AgustaWestland VVIP chopper scam case, challenging a provision of the India-UAE extradition treaty.A bench of Justices Vivek Chaudhary and Manoj Jain asked the home…