Japan’s Nikkei jumps 2.5% above 70,000 to three-month high as AI stocks rally

Japan’s Nikkei rises to three month-high Japan’s Nikkei got an AI-powered boost on Monday, jumping over 2% to cross 70,000 for the first time in three months. Benchmark index Nikkei climbed 2.53% to 70,037.61 by the midday break, while the broader Topix gained 1.16% to 4,138.57.Chip-related companies emerged as the biggest drivers of Nikkei’s rise….

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Oil prices ease slightly as G7 and Middle East crude supplies set to hit market

Crude prices ease marginally on Monday Oil prices found marginal relief on Monday as concerns over global energy supplies eased with more crude entering the market. Additional shipments from the Middle East, along with the Group of Seven’s decision to release oil from emergency reserves, helped offset concerns over possible further damage to energy infrastructure…

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Credit offtake stays ahead of banks’ deposit growth

MUMBAI: Advance growth continued to outstrip deposit growth at several banks in the second quarter of FY27, with loan books expanding at a double-digit pace across public sector and mid-sized private lenders despite efforts to accelerate deposit mobilisation.Provisional business updates for Q2FY27 show advances growing between 13% and 29% year-on-year across the banks, with smaller…

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Next-Generation Gst: Next-generation GST aimed at boosting India’s next phase of growth

File photo: Union finance minister Nirmala Sitharaman (Picture credit: PTI) India’s ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past 12 years, our govt has worked to create those conditions. GST’s introduction in 2017 established a common national framework for indirect…

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GST Council meeting on October 7: Arrest powers, ITC, prosecution threshold proposals on agenda – report

GST Council likely to consider proposals on arrest powers, ITC, prosecution threshold and more The GST Council may consider a package of GST process and enforcement reforms at its October 7 meeting, including a proposal to take away the power of tax officers to arrest taxpayers and require judicial authorisation for any arrest.The Council may…

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Gold, silver outlook: Dollar, US-Iran tensions, RBI policy among key factors to drive prices this week

US dollar, bond yields, US-Iran tensions to also shape prices this week Gold and silver prices are likely to remain volatile this week, with the US dollar, bond yields and the unresolved US-Iran tensions expected to shape the outlook for precious metals.Investors will also track the Reserve Bank of India’s monetary policy decision on Wednesday,…

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