Business
Oracle shares soar 35% on AI demand; market valuation nears $915 billion; semiconductor stocks rally
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.
PV Narasimha Rao award: Ex PM Manmohan Singh honoured posthumously; wife Gursharan Kaur receives on his behalf
Dr. Manmohan Singh, the former Prime Minister, was posthumously honored with the P V Narasimha Rao Memorial Award for Economics for his significant contribution to India’s economic reforms and development. His wife, Gursharan Kaur, accepted the award at a ceremony in Delhi. Montek Singh Ahluwalia presented the award, acknowledging Singh’s pivotal role in shaping the…
Mutual funds trends: Equity inflows drop 22% to Rs 33,430 cr in August; SIP momentum flat at Rs 27,000 cr
Equity mutual fund inflows experienced a 22% decrease in August, totaling Rs 33,430 crore, primarily due to a reduction in new fund offerings. Despite this dip, equity schemes maintained their positive momentum, marking the 54th consecutive month of net inflows. Flexi Cap Funds led the category inflows, while debt mutual funds saw withdrawals.
India not pursuing dollar alternative: CEA Nageswaran clarifies on economic conditions; assures resilience amid global tensions
CEA Nageswaran clarified India’s non-participation in initiatives to create an alternative to the US dollar, emphasizing the nation’s economic resilience. Despite global trade tensions, India anticipates FY26 GDP growth in the 6.3–6.8 per cent range. Structural reforms, fiscal discipline, and a focus on innovation are key to India’s continued economic stability and growth.
Bhagalpur–Dumka–Rampurhat railways line to be doubled: Rs 3,169 crore project greenlit; freight, tourism to benefit
The Cabinet Committee has approved the doubling of the Bhagalpur–Dumka–Rampurhat railway line, a 177 km project spanning Bihar, Jharkhand, and West Bengal, with an estimated cost of Rs 3,169 crore. This initiative aims to enhance mobility, reduce congestion, and boost infrastructural development, benefiting approximately 28.72 lakh people across five districts and supporting an additional 15…
Ukraine war: US’ Nato envoy accuses India, China of funding Russian offensive; suggests ‘additional sanctions’
US Ambassador Matthew Whitaker claimed Russia’s Ukraine operations are funded by oil sales to India, China, and Brazil, urging sanctions. India faces new tariffs amid accusations of benefiting from discounted Russian oil, which MEA has called unjustified. Despite tensions, Trump anticipates talks with Modi, signaling continued US-India dialogue on trade.