The US midterm elections could accelerate the ongoing rotation in stock markets, with healthcare emerging as a potential defensive investment amid a correction in artificial intelligence (AI)-related stocks, according to Lou Miller, global head of custom basket trading at Goldman Sachs.Speaking on Goldman Sachs’ The Markets podcast, Miller said investors had already started moving towards…
Why is Elon Musk pulling the plug on Tesla’s Cybertruck Tesla’s Cybertruck arrived with big ambitions, a futuristic design and Elon Musk‘s backing.Now, it is bidding adieu.The high-tech pickup was meant to shake up the automobile industry, but its journey is coming to an end. Musk announced on Friday that Tesla would wind down Cybertruck…
Forex reserves shrink in October NEW DELHI: India’s foreign exchange reserves took a hit in the week ended October 30, falling by $2.691 billion to $717.056 billion, according to the latest data released by the Reserve Bank of India (RBI) on Friday.The decline was largely driven by a drop in two key components of the…
Noel Tata will step down as Voltas chairman on November 11 and take over as chairman emeritus from November 12 Voltas is set for a leadership change, with Sunil Alaric D’Souza set to take over as Chairman from November 12 following Noel N Tata’s retirement from the board upon attaining the age of 70, in…
AI generated image, used only for representational purpose Stuck at a desk while the rest of the world is busy celebrating may not be the ideal Diwali plan. However, companies are rolling out a range of festive perks to make sure their employees don’t miss out on the celebrations.From longer weekends and work-from-home options to…
Global natural gas supplies could tighten further during the 2026–27 winter heating season as disruptions to shipments through the Strait of Hormuz continue to affect the global liquefied natural gas (LNG) market, the International Energy Agency (IEA) has warned.In its report, the IEA described the disruption as an unprecedented supply shock, noting that LNG loadings…
Republicans lose US midterm despite record spending The 2026 US midterm elections saw record campaign spending, with Republicans spending a whopping 60% more than Democrats but still lost seven stronghold seats.The results also reflected growing opposition to data centre projects and a shift in Latino voters’ support towards Democrats. The party won both chambers of…
Kleros says Singapore court has ordered authorities to take action in $650Mn awardMUMBAI: Tata Power’s legal battle with Kleros Capital Partners, a British Virgin Islands-incorporated resource and infrastructure investment firm, has taken a significant turn after a Singapore court authorised the seizure and sale of shares held by the Tata Group utility in two of…
Wall Street bounces back after days of decline Wall Street rebounded from its 18-month low on Friday, led by a sharp recovery in semiconductor stocks, as investors assessed the potential impact of Democratic election victories on the US artificial intelligence (AI) industry.The recovery followed a steep selloff in the previous session, triggered by fears that…
NEW DELHI: India is looking to attract at least three large semiconductor equipment makers and five major suppliers of chemicals and gases under Semicon 2.0. Union electronics and IT minister Ashwini Vaishnaw said he would judge the programme’s success by whether India could bring those companies in.He described the target as ambitious, saying the precision…
