Latest Business News
Sensex Jumps Over 3,000 Points on India-US Trade Pact
India's Sensex surged over 3,000 points and Nifty rebounded sharply as the India-US trade agreement lifted investor sentiment, eliminating tariffs on industrial goods from 13.5% to zero. The rupee gained 1.2% to 90.4 per dollar in its best session in years.
PM Modi credited national self-belief for India's global success post-deal.
Adani Enterprises Reports Q3 Earnings Surge 97 Times YoY
Adani Enterprises saw its Q3 profit after tax rise 97 times year-on-year due to a one-off gain. Adani Ports upgraded its FY26 growth and earnings outlook amid strong Q3 momentum.
Separately, Adani signed a helicopter deal with Italy's Leonardo.
SpaceX Acquires xAI in $1.25 Trillion Valuation Deal
SpaceX is merging with xAI as Elon Musk unifies AI and space ambitions, valuing the combined entity at $1.25 trillion. The deal highlights surging AI focus, with related stocks like Palantir boosting sales via US government contracts.
Markets noted AI's market cap surpassing top Chinese tech firms.
Trump Announces US Tariff Cuts on India to 18%
President Trump revealed the US will slash tariffs on India to 18% after PM Modi agreed to halt Russian oil imports, part of a broader trade pact. This follows elimination of industrial goods tariffs, boosting Indian assets.
Trump claims India will stop Russian oil buys, though details are being confirmed.
Gold and Silver Rebound After India-US Deal
Precious metals rallied as markets cheered the India-US agreement, with gold and silver gaining across major Indian cities. Asian stocks bounced back from recent selloffs, aided by the rebound calming volatility.
Malaysia eyes becoming a global physical gold trading hub.
Bajaj Finance Posts Robust Q3 NII Growth Despite Profit Dip
Bajaj Finance reported strong net interest income growth in Q3, even as net profit declined marginally year-on-year. The results come amid broader market optimism from trade developments.
Investor focus remains on financial sector resilience.
Waymo Valued at $126 Billion in Latest Financing
Alphabet's Waymo reached a $126 billion valuation in its most recent funding round, underscoring autonomous vehicle sector growth. This reflects continued investor interest in AI-driven mobility tech.
Related AI hype boosts firms like Palantir amid surveillance contracts.
OpenAI Seeks Nvidia Chip Alternatives
OpenAI is dissatisfied with some Nvidia chips and exploring alternatives, per sources. This signals potential shifts in AI hardware supply chains.
It coincides with AI market surges, including SpaceX-xAI merger impacts.
Air India to Reinspect Boeing 787 Fuel Switches
Air India is reinspecting its Boeing 787 Dreamliner fleet's fuel control switches after a pilot flagged a possible defect. Pilots' association demands grounding and checks on all Dreamliners over electrical faults.
Safety review underway amid industry concerns.
RBA Hikes Rates by 25 Basis Points to 3.85%
Australia's central bank raised interest rates 25 bps to 3.85%, amid stabilizing Asia markets. This follows volatility, with gold rebound aiding calm.
US manufacturing data provided equity boost.
Palantir CEO Defends Surveillance Tech Amid Sales Boost
Palantir's CEO defended its surveillance technology as US government contracts drive sales growth. After-hours trading focused on the firm post-strong US manufacturing data.
AI and defense sectors gain traction globally.
Malaysia Poised as Global Gold Trading Hub
Malaysia is set to emerge as a global physical gold trading hub, enhancing its financial position. Billionaire Quek considers taking GuocoLand Malaysia private.
Telco sector eyes M&A activity.