The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open flat on Thursday amid weak global market cues. The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 24,665 level, a premium of nearly 25 points from the Nifty futures’…
Buy or sell stocks for today: Despite weak global market cues, the Indian stock market ended at a record-closing high on Tuesday. The Nifty 50 index closed 26 points higher at 24,613, the BSE Sensex gained 51 points and ended at 80,716, whereas the Bank Nifty index finished 59 points lower at 52,396. Cash market…
Intel Corp. shares bucked the chips rout on Wednesday, rising as much as 8.2 per cent on speculations that the company could benefit from policies under either a Biden or Trump administration. Chip stocks plunged on worries over trade curbs on companies giving China access to advanced semiconductor technology. The Philadelphia Semiconductor Index sank 4…
Oil prices climbed about 1% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China. Brent futures rose 96 cents, or 1.2%, to $84.69 a barrel by 10:34 a.m. EDT (1434 GMT), while U.S. West Texas Intermediate (WTI) crude rose…
US technology and semiconductor chipmaking stocks fell from all-time highs as concern over tougher restrictions on global chip sales to China spurred a rout in the industry that has powered the bull market. The Nasdaq slumped nearly 2% to a two-week low on Wednesday, accompanied by losses on the S&P 500, as major chip and…
Air travel can be exhausting and frustrating at times, especially on international routes. The documentation list can be endless, especially if one is transiting via one or more countries. Aviation technology service provider SITA believes this is likely to change significantly. “On a five-year horizon, we would have reduced 50-60% of that stress level. We…
Finance Minister Nirmala Sitharaman is set to unveil the newly elected Modi 3.0 government’s first Union Budget 2024 on Tuesday, July 23, 2024. In the run-up to the big event, the Indian stock market has had a historic bull run, with the frontline indices hitting lifetime highs driven by optimism around the growth-oriented budget, expectations…
Wall Street: US stock indices declined on Wednesday, with major chip and tech stocks leading the fall. At the opening bell, the Dow Jones Industrial Average fell 91.91 points, or 0.22%, to 40,862.57. The S&P 500 was lower by 57.13 points, or 1.01%, at 5,610.07, while the Nasdaq Composite dropped 321.15 points, or 1.74%, to…
What are the key differences between a springing power of attorney, which becomes effective upon incapacity, and a current power of attorney, effective immediately? What important factors should one consider when deciding on which type would best protect one’s assets and meet the estate planning goals? —Name withheld on request One should carefully consider the differences between…
Within this framework, family businesses have flourished, leveraging not just financial capital but also familial bonds and shared values to achieve success over generations. Alongside the benefits of familial collaboration come inherent challenges, particularly the complexities arising from cross-holdings and intergenerational dynamics within family-owned enterprises. These complexities can lead to disputes over ownership, management control,…
