Oil tanker movements into and out of Venezuelan waters have almost come to a standstill, Al Jazeera’s sources stated, after the US announced that it would seize more vessels as part of its military pressure on Venezuela’s President Nicolas Maduro.
Venezuela’s oil exports shrivel as US seizes tanker off its coast Read More »
The Nifty experienced a mild correction this week, consolidating within a downward pattern and closing negative despite a Federal Reserve rate cut. The index faces resistance near recent peaks, with key levels at 26,200 and 26,300. A cautious approach is advised until a breakout above this resistance is confirmed.
Stock market outlook: Nifty slips 0.53% for the week; further consolidation expected Read More »
Wall Street firms are advising investors to diversify beyond the “Magnificent Seven” tech stocks as their market dominance appears to be waning. Strategists are recommending sectors like health care, industrials, and energy for 2026, citing concerns over elevated valuations and AI investment returns. Market data indicates a shift, with smaller indices outperforming megacap tech.
SpaceX is reportedly conducting an internal share sale valuing the company at $800 billion, with a potential 2026 IPO in the works. This valuation, nearly double its previous figure, surpasses OpenAI’s record and positions SpaceX as the world’s most valuable private firm. Funds will fuel Starship development, AI data centers, and lunar base initiatives.
Indian Railways is implementing significant cost-cutting measures in maintenance, procurement, and energy to bolster its finances. This proactive approach aims to absorb anticipated wage increases from the Eighth Pay Commission, projected to be substantial. The railway is focusing on operational efficiency and increased freight revenue to manage the financial impact.
ALROSA CEO Pavel Maryinchev believes US tariff hikes on Indian diamonds will be a temporary hurdle, with the sector adapting and costs potentially passed to consumers. He highlighted strong Asian demand, declining natural diamond production stabilizing the market, and synthetic diamonds losing appeal due to price drops and lack of uniqueness. ALROSA also emphasized its
New York faces a potential $73 million loss in federal highway funds after an audit revealed thousands of immigrant commercial driver’s licenses were allegedly issued without proper verification. The Transportation Department found over half of reviewed non-domiciled licenses were improperly issued, with New York unable to demonstrate status verification for 32,000 active licenses.
The NSE has released its 2026 trading holiday calendar, featuring 15 full market closures, one more than the previous year. Key festivals like Holi, Ram Navami, and Diwali Balipratipada are listed, with Diwali Laxmi Pujan falling on a Sunday. The customary Muhurat Trading session will occur on November 8.
Pakistan has signed a non-binding MoU with Binance to explore tokenizing up to $2 billion in sovereign and real-world assets. This move aims to enhance liquidity and transparency by digitizing government holdings through blockchain platforms. The collaboration signals Pakistan’s commitment to adopting blockchain-based financial infrastructure and attracting global investors.
