Mumbai: India’s Volatility Index, or VIX, a fear gauge of the stock market, surged to a 14-month high fuelled by growing expectations of sharp swings in equities in the run-up to the outcome of the general elections early in June. The index, which gained 2.7% on Tuesday to close at 17.05, has gained over 35% … Read more
The market’s guessing game at BP is waiting for Murray Auchincloss, the chief executive who has been in post permanently only since January, to blink. That is to say, waiting for him to tone down climate targets and decide to pump more oil and gas than planned. Tuesday was not the day. BP’s first-quarter numbers … Read more
Unfair banking practices and “damaging” financial regulators are harming small businesses and putting innovation and growth at risk, parliament’s Treasury committee has warned. A report from the committee’s inquiry into access to finance for small and medium-sized enterprises (SMEs) said a lack of supportive policies were compounding problems for firms that had survived a “torrid” … Read more
May 07, 2024, 10:23:44 AM IST While Nifty and Sensex have been striking new highs for the past few months now, the midcap and smallcap index are also rising at a fast pace. BSE midcap index has jumped 13.7% YTD while the BSE smallcap index has risen nearly 9% this year alone. InCred equities has … Read more
The alleged leader of what was once the world’s largest ransomware outfit, LockBit, has been named as Russian national Dmitry Khoroshev by the UK’s National Crime Agency (NCA), after the seizure of the criminal gang’s infrastructure. Khoroshev, who lived his online life under the name LockBitSupp, has been sanctioned by the UK, US and Australia … Read more
New Delhi: The government is considering various strategies to ensure a nationwide rollout of the four labour codes even though some states and Union territories are yet to come out with draft rules under one or more of these codes.The ministry of labour and employment is considering several options including a gradual repeal of the … Read more
Mara is sick. The 24-year-old has been living in a mosquito-infested forest near Tesla’s German gigafactory since March, and despite the 78 degrees Fahrenheit heat, a cold is spreading through the camp. Sitting on a makeshift bench, she tells me how she left Berlin to live among the pine trees, roughly an hour’s drive outside … Read more
As Ulta Beauty says it expects a slowdown in retail’s most resilient category, an upstart says it’s bucking the trend. Oddity Tech – the newly public Israeli cosmetics platform that uses AI to develop products — posted first quarter results that blew past expectations and raised its full-year guidance. Here’s how the beauty retailer behind … Read more
New Delhi: US and Australia alleged India of giving subsidies to sugarcane farmers far exceeding limits set in global trade norms.The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi provided sugarcane subsidy between 91-100%, which was “vastly in excess of the limits set out” at 10% … Read more
OpenAI is fighting lawsuits from artists, writers, and publishers who allege it inappropriately used their work to train the algorithms behind ChatGPT and other AI systems. On Tuesday the company announced a tool apparently designed to appease creatives and rights holders, by granting them some control over how OpenAI uses their work. The company says … Read more
