The global oil market is tilting towards oversupply as production growth continues to outpace consumption despite a rise in Chinese demand, according to the International Energy Agency’s (IEA) latest monthly report released on Thursday. The IEA projected that worldwide oil production will exceed demand by more than four million barrels per day (bpd) in 2026,…
Giriraj Singh (ANI image) NEW DELHI: The Bhartiya Janata Party (BJP) on Thursday hit out at Congress leader and former home minister P Chidambaram over his “homegrown terrorists” remarks, accusing him of speaking in favour of extremists.Union minister Giriraj Singh said that Chidambaram’s comments amounted to “supporting terrorists”. “He is supporting terrorists. Chhi, chhi (disgusting),”…
Check out the companies making headlines before the bell: Walt Disney Company — The media giant fell more than 4% on mixed fiscal fourth-quarter results . The company earned an adjusted $1.11 per share, beating an LSEG estimate of $1.05 per share. Revenue, however, came in at $22.46 billion, below a consensus forecast of $22.75…
Foreign institutional and portfolio investors have significantly reduced their Indian equity holdings, with NSE-listed stocks reaching a 15-year low after a substantial sell-off of nearly Rs 2 lakh crore in 2025, according to NSE data.The September quarter witnessed significant decline in FPI ownership of Nifty 50 and Nifty 500 companies, dropping 43 and 46 basis…
Federal Reserve rate cut odds for December have fallen to near coin toss levels, signaling rising uncertainty among investors ahead of the Dec. 10 meeting, according to data source CME’s FedWatch tool. Markets now price roughly a 52% chance of a 25 basis point cut, down sharply from 95% a month ago and 65% a…
NEW DELHI: A Turkiye-based handler, codenamed Ukasa, allegedly directed a terror module led by Al-Falah University professor Umar Un Nabi in a plot hatched in 2022.Bangladesh’s interim chief adviser Muhammad Yunus announced that Dhaka will hold a national referendum on implementing the landmark “July Charter” for state reform on the same day as its parliamentary…
Prem Watsa, the Indian-Canadian billionaire, for the first time, publicly outlined his succession plan, confirming that his son Ben Watsa will take charge of Fairfax Financial Holdings in the years ahead. The revelation features in The Fairfax Way, an upcoming book by author David Thomas, whose draft was shared with ET before publication. Watsa, 75,…
The crypto market continued to establish fresh levels of support on Thursday, with bitcoin BTC$102,956.78 trading around $103,000 while ether ETH$3,504.10 rose less than 1% to $3,500. The average crypto relative strength index (RSI) remains in neutral territory while the Fear and Greed index is printing 25/100, indicating negative sentiment across the market. There was…
Gold and silver prices continued their upward march on Thursday, supported by firm global cues and renewed safe-haven demand after the end of the prolonged US government shutdown. The reopening of the US government lifted investor sentiment, driving both metals higher in domestic and international markets.On the Multi Commodity Exchange (MCX), gold futures for December…
A continued rise in gold prices could pave the way for a positive phase in the Indian stock market over the next year, according to a report by JM Financial.According to the report, historical data suggests a consistent link between gold rallies and subsequent gains in Indian equities.Specifically, it found that when the Nifty/gold ratio…
