Indian government bonds are poised for a resurgence, with demand expected to pick up from October. Analysts anticipate that benign inflation, resilient fiscal footing, and potential RBI action to address market dislocations will revive demand. Experts suggest that strategic policy interventions and upcoming key events could further soften yields on long bonds.
Oracle shares saw a significant surge. This happened after a strong forecast for its cloud sector. Larry Ellison's wealth increased substantially. He briefly surpassed Elon Musk as the world's richest person. OpenAI plans a large purchase of Oracle's computing power. Oracle is becoming a major player in AI cloud computing. It competes with Microsoft and Google.
Several prominent saree retailers from South India, including RSB Retail, Marri Retail, Pothys, and Nalli Silk Sarees, are preparing to launch IPOs in the next 6-8 months, aiming to raise approximately 20,000 crore.
Equity mutual funds experienced a 21% drop in inflows in August, totaling 33,430 crore, due to weaker retail investor interest and fewer new scheme launches. While SIP inflows remained relatively stable, debt funds saw outflows of 7,980 crore, primarily from liquid schemes. Sectoral funds witnessed the most significant decline, while flexicap funds remained popular.
Chicago has violated the Americans with Disabilities Act by failing to keep sidewalks, crosswalks and curb ramps accessible to people with disabilities, a lawsuit filed against the city alleges.
Federal agents raided a vaping products distributor in a west suburb over alleged ties to illegal and unregulated products, representing the largest seizure in a multistate effort, federal officials announced Wednesday. Attorney General Pam Bondi and Health and Human Services Secretary Robert F. Kennedy Jr. held a news conference outside of the distributor, Midwest Goods, […]
