Oil Prices Rise on Saudi Output Fears and Hormuz Shutdown Despite Fragile U.S.-Iran Ceasefire

Oil prices climbed on Friday, driven by fresh anxiety over supplies from Saudi Arabia and as tanker traffic through the critical Strait of Hormuz remained largely frozen.Prices were still headed for a loss as nerves eased over a fragile two-week ceasefire between the U.S. and Ira Read More

Nifty IT Defies 900-Point Sensex Rally to Plunge 2.68% on TCS Dollar Revenue Decline

India’s IT stocks suffered a brutal rout on Friday morning, with the sectoral index crashing 2.68% as investors aggressively liquidated tech positions following disappointing revenue data from industry leader Tata Consultancy Services (TCS).As of 11:08 AM IST, the Nifty IT index Read More

Elon Musk, Telegram CEO Say “Can’t Trust” WhatsApp; Meta Hits Back At “Absurd” Claims

Tesla boss Elon Musk as well as CEO of Telegram Pavel Durov have questioned the privacy practices of popular messaging Meta-owned platform WhatsApp.Musk on Thursday posted on X “can’t trust WhatsApp.”The billionaire entrepreneur’s response comes in the light of a new US class act Read More

TCS Shares Decline Nearly 3% After Rare Annual Revenue Drop

TCS Share Price: The shares of Tata Consultancy Services fell nearly 3% on Friday after a rare annual revenue drop outweighed strong deal wins and a quarterly earnings beat, suggesting sustained growth recovery remains elusive amid weak client spending and rising costs.The stock Read More

SpiceJet Share Price Falls Over 2% After UK Court Order $8 Million Payment To Engine Lessor

SpiceJet Share Price: The shares of cash-strapped airline SpiceJet plummeted in Friday’s trading session after a UK court ordered the airline to cough up $8 million or nearly Rs 70 crore to an engine lessor.In early trade today, SpiceJet shares were down nearly 2.4% at Rs 11.41 i Read More

Stock Market Opening Bell: Sensex Surges Over 500 Pts, Nifty Above 23,800; Nifty Defence Climbs Above 1.41%

Market Opening Bell: The Indian benchmark stock market indices, Sensex and Nifty 50 rang in green in Friday’s trading session, after Gift Nifty signalled a positive start. The Gift Nifty was trading around 23,942 level, a premium of nearly 81 points from the Nifty futures’ previo Read More

SpiceJet Hit By UK Court Ruling: Ordered To Pay $8 Million To Engine Lessor Over Unpaid Dues

A UK court has ordered India’s SpiceJet to pay about $8 million to an aircraft engine lessor over unpaid rent and maintenance charges for three engines, in the latest setback for the cash-strapped airline.London’s Commercial Court granted summary judgment on Wednesday in favour o Read More

West Asia Conflict: FICCI Details A Two-Pronged Strategy To Shield Indian Industry

Industry body FICCI has called for a shift in India’s fiscal policy to counter the economic fallout of the West Asia conflict. In an extensive report released on Thursday, the chamber urged the government to explore bringing petroleum products under the GST regime and providing e Read More

‘I’m Not Satoshi, But…’ British Scientist Black Denies Claims Of Being Bitcoin Creator

Bitcoin Founder I Satoshi Nakamoto: After a report identified British Bitcoin entrepreneur Adam Back as the digital currency creator, Satoshi Nakamoto, the cryptographer denied such claims.Further, he noted that the article published was just a case of “confirmation bias”.The ide Read More

Strait Of Hormuz Is Shut, Must Reopen Without Conditions: ADNOC CEO

The Strait of Hormuz is shut and Iran must open it without conditions and be held accountable for damages after attacks on facilities, United Arab Emirates state oil giant ADNOC’s CEO said on Thursday.The narrow waterway that Iran has effectively shuttered since the U.S.-Israeli Read More