India and Mauritius are set to enhance their economic ties by enabling trade in local currencies, as announced by Prime Minister Modi. This initiative builds upon previous collaborations like UPI and RuPay services. India will also provide a Special Economic Package to fund key projects in Mauritius, focusing on healthcare, infrastructure, and renewable energy, strengthening…
Urban Company’s IPO witnessed strong demand, subscribed 5.53 times by the second day, with retail investors leading the charge. The IPO traded at a premium in the grey market, signaling a potential listing price near Rs 138. While analysts consider the issue fully priced, brokerages recommend subscribing for the long term, citing Urban Company’s market…
Oracle’s Larry Ellison briefly surpassed Elon Musk as the world’s wealthiest person on Wednesday due to a surge in Oracle’s stock price following a strong earnings report. The report highlighted significant customer orders in AI technology, boosting Ellison’s wealth by $100 billion in thirty minutes.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Thursday. While Nifty50 was near 24,950, BSE Sensex was down over 50 points.
South Korean President Lee Jae Myung criticized a large-scale US immigration raid at a Hyundai-LG battery plant, warning it could deter future South Korean investments in America. Hundreds of South Korean workers were detained, causing shock and prompting Seoul to send a charter plane for their return. Negotiations secured their release under voluntary departures, avoiding…
Oracle’s shares experienced a significant surge, climbing approximately 35% due to heightened demand for its cloud services from AI firms. This surge reflects the increasing investments in AI infrastructure, potentially adding $237 billion to Oracle’s market valuation. The company’s stock performance has outperformed major tech players, fueled by investor confidence in AI-driven cloud solutions.
