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The Federal Reserve is unlikely to alter interest rates soon, as inflation moderates and the economy remains stable, according to Steve Englander of Standard Chartered. He believes muted labor costs and easing oil prices reduce the need for immediate policy shifts.
Meta’s shares surged as the tech giant reportedly explores a cloud computing venture, aiming to monetize its vast AI infrastructure. This strategic move could unlock new revenue streams beyond advertising, potentially generating returns on substantial AI investments.
Microsoft shares rallied as investors returned to large-cap technology stocks, driven by renewed confidence in artificial intelligence, strong enterprise software demand, and optimism around its cloud business. Azure remains the key growth engine, supported by AI integration across products. Analysts continue to view Microsoft as a leading long-term AI investment.
OpenAI is reportedly exploring a 5% equity stake for the U.S. government, a move aimed at easing political concerns and fostering ties with the Trump administration. CEO Sam Altman believes this approach would democratize AI’s economic benefits. The proposal, which could extend to other major AI firms, seeks to address growing scrutiny over the industry’s…
Indian automakers reported strong performance in June 2026, with healthy demand across passenger vehicles, two-wheelers, commercial vehicles and tractors. Brokerages including Motilal Oswal, Emkay and ICICI Securities highlighted broad-based growth, with several OEMs beating estimates. Maruti, M&M, TVS and Tata Motors stood out, while Hyundai underperformed in PVs. Analysts remain optimistic on the sector, favouring…
Vedanta Iron and Steel shares have surged more than 100% in just 13 trading sessions since listing at Rs 20 on the NSE following Vedanta’s mega demerger. The company, one of four new Vedanta entities to debut on June 15, has delivered stellar gains to investors after starting with a market capitalisation of Rs 7,821…
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Coca-Cola has invited investment banks to pitch for roles in the planned IPO of its Indian bottling arm, Hindustan Coca-Cola Beverages, in a deal that could raise around $1 billion. Presentations are set to take place in London next week, with Rothschild & Co., the company’s adviser, meeting prospective banks as preparations for the proposed…
China Resources New Energy’s stock soared nearly threefold on its Shenzhen debut, raising a massive 24.5 billion yuan in Asia’s largest IPO this year. This strong performance, despite a weaker broader market, signals growing investor confidence and Beijing’s push to revitalize domestic capital markets. The renewable energy firm’s successful listing, fueled by immense retail demand,…
Gold prices fell on Thursday, snapping a two-day rally, while silver edged higher on the MCX as weaker U.S. jobs data and lower oil prices boosted safe-haven demand. Investors are awaiting the U.S. nonfarm payrolls report for cues on the Federal Reserve’s interest rate path.