Seoul, April 21 (IANS) Around two months after an extreme rout caused by the Middle East crisis, South Korea’s stock market showed a dramatic return on Tuesday by setting a new record high amid hopes for the US-Iran peace talks and the revival of a tech rally.The benchmark KOSPI closed 2.72 percent higher at 6,388.47 points. The previous high was recorded on Feb. 26, when the benchmark index closed at 6,307.27, reports Yonhap news agency.Market capitalisation of the KOSPI-listed firms also swell…
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New Delhi, April 18 (IANS) The DP World Professional Golf Tour of India (DP World PGTI) today announced the appointment of Ms. Rachana Bahadur, senior vice president and country head – India at Synchrony Financial, as an Advisor to the organization.A seasoned global leader, Rachana Bahadur brings over three decades of experience across banking, operations, and risk management. Currently serving as Senior Vice President and Country Head for Synchrony India, she leads a dynamic workforce, drivin…
New Delhi, March 24 (IANS) Global crude oil prices jumped more than 4 per cent in early trade on Tuesday despite US President Donald Trump pausing planned strikes on Iran’s energy infrastructure.Brent crude rose to around $104 per barrel, up about 4 per cent, while US West Texas Intermediate (WTI) gained 4.39 per cent to $92 (as of 9:30 am).Between March 2 and March 23, crude prices surged up to 25 per cent, with Brent crude advancing 23.38 per cent to $95.92 from 77.74. The US WTI futures als…
New Delhi, March 23 (IANS) Brent crude has climbed up more than 60 per cent since the conflict in the Middle East began, from roughly $70 per barrel to about $112 per barrel on Monday.Meanwhile, crude oil prices for May futures on Multi Commodity Exchange (MCX) surged 0.65 per cent at Rs 9,318 per barrel.Crude rose about 56 per cent in the past 30 days, while US West Texas Intermediate (WTI) traded near $98.75 per barrel on Monday after rising over 2 per cent in the previous session.Escalating t…
New Delhi, March 23 (IANS) Analysts at Goldman Sachs have sharply raised their oil price forecasts for 2026, citing severe disruption to shipments through the Strait of Hormuz, which they described as the biggest supply shock ever to hit the global crude markets.The prominent investment bank has expected that Brent crude futures will average $85 per barrel in 2026, an increase of 10.38 per cent from its earlier estimate of $77.Similarly, US West Texas Intermediate (WTI) is projected at $79 per b…
Washington, March 22 (IANS) India’s economic momentum is facing a fresh strain as the ongoing US-Israeli war on Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a New York Times report.Only weeks ago, India appeared well placed among major economies, with strong growth, stable inflation, and robust reserves. But its growing economic integration with the Gulf — long seen as an advantage — is now emerging as a vulnerability…
Seoul, Feb 5 (IANS) Major global investment banks (IBs) have upgraded their forecasts for South Korea’s economic growth this year, citing an upcycle of the global semiconductor industry, a report by a financial organisation said on Thursday.The average forecast for economic growth of Asia’s fourth-largest economy by eight major global investment banks (IBs) stood at 2.1 percent as of end-January, up 0.1 percentage point from their median outlook published a month earlier, according to the report…
New Delhi, Feb 4 (IANS) Concerns over software stocks globally impacted Indian IT stocks on Wednesday as US AI firm Anthropic expanded its enterprise AI assistant with a new automation layer designed to handle complete business workflows.Investor caution of artificial intelligence replacing significant portions of the software business, resulting in a massive sell-off now known as the “SaaSpocalypse.”The new AI assistant could automate legal document reviews, compliance checks, sales planning, m…
Mumbai, Feb 3 (IANS) Global and Indian brokerages on Tuesday largely welcomed the India–US trade deal, calling it a major positive for India’s economy, corporate earnings and foreign investment sentiment. The strong endorsement from financial experts was reflected in the stock markets, with the Sensex soaring over 4,200 points during intraday trade to touch a record high of 85,871.73.Brokerages believe the reduction in reciprocal tariffs on Indian exports to the US will ease pressure on Indi…
Mumbai, Jan 25 (IANS) India’s strong economic fundamentals continue to support a healthy growth outlook, but prolonged uncertainty over the India–US trade deal could push the Reserve Bank of India to step in with further rate cuts.According to Goldman Sachs, if trade-related headwinds persist beyond the first quarter of FY27 and start weighing on growth, the RBI may use its remaining policy space to support the economy through additional monetary easing.The brokerage said India’s mass cons…