Category: Business News

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US Federal Reserve is expected to hold rates steady at its July meeting despite inflation hitting a three-year high. Markets see a possible pause now, but still price in a higher chance of a rate hike in September as core inflation remains elevated.

Global chip stocks experienced a significant rally on Thursday, fueled by Micron Technology’s stellar financial results and optimistic outlook. The company’s strong performance and forecast for robust demand, particularly in AI-driven sectors, have boosted investor confidence. This surge has positively impacted major players across the US, Europe, and Asia, signaling a sustained boom in the…

Chicago Fed President Austan Goolsbee said the latest US inflation data shows some improvement in services inflation, but underlying price pressures remain elevated. He stressed inflation is still the main concern over labour market strength. He reiterated data dependence on policy decisions, highlighting tariffs and energy costs as temporary inflation drivers.

Indian markets are set for a positive opening as US futures surged, led by a 2.24% jump in the Nasdaq. Memory chip giants Micron and Qualcomm’s strong forecasts for AI demand have reignited optimism, with both stocks soaring in pre-market trading. Investors are keenly awaiting US inflation data later today, hoping it supports the current…

South Korea will launch 24-hour trading in the won from July 6 to boost global investor access and improve market appeal. The reform is expected to enhance liquidity and efficiency but raises concerns over volatility during low-liquidity hours, even as strong equity inflows and overseas investments continue to pressure the currency.

European markets opened on a positive note, driven by a surge in technology stocks. Strong forecasts from US chipmakers Micron and Qualcomm eased worries about inflated valuations, reigniting the AI rally. European tech shares saw significant gains, with chipmakers and equipment suppliers leading the charge. Falling oil prices and a boost for easyJet also contributed…

Retail investors can bid for a minimum of 1,200 shares, requiring an investment of Rs 2.54 lakh at the upper end of the price band. The minimum application size for HNI investors is 1,800 shares, amounting to Rs 3.82 lakh.

US and Indian IPO markets are gearing up for major listings, with AI giants like OpenAI and Anthropic set to capitalize on investor frenzy. In contrast, India’s anticipated Jio and NSE IPOs face a less enthusiastic market after years of stagnant returns. While US IPOs may signal market tops, India’s offerings are expected to be…

Reliance Industries Chairman Mukesh Ambani announced that the Jio Platforms IPO is a significant value creation milestone for the year, with the telecom giant filing its DRHP with SEBI. He assured shareholders that the listing will unlock substantial value and present an attractive investment opportunity, highlighting Jio’s role in building global-scale technology companies from India.