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DeepSeek sparks AI stock selloff; Nvidia loses record $593 bn in mcap

Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September

US new home sales exceed expectations; rising supply curbs price growth

Residential investment, which includes homebuilding and sales, likely rebounded in the fourth quarter after being a drag on gross domestic product for two straight quarters

Yen, Swiss franc rise, dollar drops as DeepSeek fuels risk concerns

The benchmark S&P 500 was down 1.6 per cent to 6,003.04, dragged down by technology stocks. AI chipmaker Nvidia was down nearly 14 per cent to $123.02

Mahindra Logistics Q3 results: Loss at Rs 9.03 cr, revenue jumps 14%

Mahindra Logistics has been battling stiff competition in India's $342 billion logistics market, and dealing with losses from the 2022 acquisition of express cargo firm Rivigo and higher spends

Rise in US LNG production expected to benefit India: Petronet CEO

European gas reserves are some 17 billion cubic metres (bcm) lower than at the same time in 2024, according to ICIS analyst Alex Froley

Russian oil refining increases as US sanctions disrupt crude exports

Russian refining runs rose by 2 per cent, or by 108,000 barrels, to 754,800 metric tons a day on Jan 15-19 from the first week of the year, according to the sources

Trump to end DEI, bring back troops who refused Covid vax: US defence secy

Hegseth's nomination was divisive, as the military's top job has historically gone to candidates with deep experience running large organizations and who enjoy broad bipartisan support

Bajaj Housing Finance Q3 results: PAT up 25% at Rs 548 cr NII rises 25%

Demand for homes in India, especially premium residences, has remained strong over the last few quarters, which form a key part of Bajaj Housing Finance's assets

Doosan Skoda Power aims to raise up to $115 million in Prague IPO

Doosan Skoda Power is also offering up to 2.9 million new shares, which would increase its total number of shares to 31.9 million, valuing the firm at 8.3 billion crowns at the upper end of the IPO

RBI announces slew of measures to inject liquidity to banking system

The central bank will conduct Open Market Operation purchase auctions of government securities worth Rs 600 bn ($6.96 bn) in three tranches and hold a 56-day variable rate repo auction for Rs 500 bn

DLF's $4 billion ultra-luxury Indian project to take 4 years to build

Around 173 of the 420 units on offer have already been sold at $8 million each, and the $4 billion project is effectively being priced at $742 per square feet, DLF says

Govt to tighten fiscal purse despite slowing economic growth: Reuters poll

An expected fiscal deficit of 4.5% of gross domestic product represents a slight tightening of the purse compared with the fiscal year about to end, at 4.8%

Rupee weakens amid yuan slide, potential equity outflows, trade concerns

Investors' focus will be the Federal Reserve's policy this week. The Fed is widely expected to make no changes to the policy rate and no new projections on inflation and rates are due at this meeting

Tesla investors hope affordable EV model will revive sales after dull 2024

Analysts expect Tesla to sell 2.1 million cars this year, up about 16 per cent, according to 20 analysts polled by LSEG, after its deliveries last year fell marginally, due to an aging model lineup

RBI supersedes board of Aviom India Housing Finance on governance concerns

Aviom India Housing Finance caters to low-income households in semi-urban areas and provides loans to women borrowers who do not have any formal income documentation

Pakistan's central bank cuts key interest rate by 100 basis points to 12%

Pakistan's economy grew 0.92 per cent in the first quarter of fiscal 2024-25 which ends in June, according to data approved by the National Accounts Committee, released by its Statistics Bureau in Dec

Govt shifts focus from privatisation to investing billions in ailing PSUs

Political pressure on Modi have increased after he came back to power only with help of regional allies, making it difficult to overcome opposition to privatisation by employee unions fearing job loss

Budget 2025: Brokerages predict income tax cuts, consumption boost

Any hike in welfare spending could act as a sentimental positive for cement and rural recovery, said Jefferies, betting on Bharti Airtel, Ultratech Cement and TVS Motor to benefit from such calls

India's finished steel imports from China hit 7-year high in April-Dec

China, the world's top steel producer, shipped 2.1 million metric tonnes of finished steel to India during April-December, up 13.3 per cent year-on-year, the data showed

US cruise vacations to see slower growth in 2025, says industry group

Passenger volume this year is projected to grow 4.5 per cent from 2024, when 18.2 million Americans went on ocean cruises