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That one of the world’s fiercest wars now is being fought right next some of the biggest oil exporters probably justifies some geopolitical risk to be attached to crude prices. But a daily move of up to a few percent will require the supply of oil itself to be impacted — not just hypothetically but in real barrel terms.

₹438.35 apiece on NSE. The then beaten down stock bottomed out at its record low and witnessed strong bottom fishing by value pickers. This value picking has paid dividend to those value investors as it has ascended to the tune of ₹935 apiece levels today after bottoming out from its record lower levels.

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Australia plans to protect people from cryptocurrency collapses by forcing the platforms to get a financial services licence, the government said Monday. Any crypto exchange or digital asset platform with more than Aus$5 million (US$3.2 million) in aggregate assets would have to comply, the Treasury said in a proposal paper. About one in four Australians own some cryptocurrency, it said. Cryptocurrencies such as Bitcoin rely on decentralised cryptography to secure transactions instead of the traditional banking system. «Collapses of digital asset platforms, both locally and globally, have seen Australians lose their assets or be forced to wait their turn amongst long lines of creditors,» the Treasury said. «These reforms seek to reduce the risk of these collapses happening, by lifting the standard of their operations and increasing their oversight.» The government invited feedback on its proposal by December 1, with further consultation due in 2024 on proposed legislation. If they are required to get a licence, digital asset platforms would be governed by Australian financial services law. The law includes minimum solvency and cash reserve requirements and the need to be efficient, honest and fair, keep records, and manage conflicts of interest. The platforms would also be subject to specific standards governing their holding and transacting in cryptocurrencies.

₹17 apiece, which is around ₹4.70 per share higher from IFL Enterprises share price today. After the outbreak of this stock market news, IFL Enterprises share price witnessed heavy buying interest among Dalal Street bulls. IFL Enterprises share price today opened upside and went on to hit intraday high of ₹13.25 apiece on BSE, logging an intraday gain of near 17 per cent within few minutes of stock market's opening bell today.

Wasim Akram expressed his disappointment over Pakistan's recent defeat against India in the ICC ODI World Cup match. Akram, popularly known as the 'Sultan of Swing' during his playing days, attributed the loss to the poor fitness of the Pakistani team. He emphasized the importance of regular fitness tests for professional cricketers to maintain their performance.

consecutive month, since April 2023, that WPI data has seen negative trend. WPI inflation in July was at -1.36 percent. Year-on-year (YoY), WPI-based inflation stood at 10.55 percent in September 2022.

Texmaco Rail & Engineering jumped 12% to Rs 150 in Monday's trade on BSE after the firm reported a consolidated net profit of Rs 24.6 crore, marking a 60% increase compared to the net profit of Rs 15.4 crore recorded in the same period last year. Its revenue from operations for the second quarter of FY24 saw a 66.32% growth, reaching Rs 805 crore compared to Rs 484.4 crore in Q2FY23.

exploration missions following the successful Chandrayaan-3 mission. These missions include journeys to planets like Mars and Venus. ISRO Chief S Somanath revealed that the space agency has formulated plans for multiple missions, including the inaugural human spaceflight as part of the Gaganyaan program.

KPMG UK has been hit with a record £21 million ($44.4 million) fine by the British accounting watchdog for failings in its auditing of collapsed outsourcer Carillion.

Texmaco Rail & Engineering rallied 11.69 % in Monday's early trade to 148.95 apiece, driven by the company's healthy performance in the quarter ending in September. At 10:15 AM, the stock was trading with a gain of 6.6% at ₹142.20. During Q2FY24, the company reported a consolidated net profit of ₹25 crore, marking a 66% increase compared to the net profit of ₹15 crore recorded in the same period last year.

By Valentina Za, Giuseppe Fonte and Elisa Anzolin

Qantas chief executive Vanessa Hudson’s task of rebuilding the airline’s battered reputation has become even more complex, after head of loyalty and the steward of the Frequent Flyer business, Olivia Wirth, resigned.

₹16,000 crores through regular systematic investment plan (SIP) investments. Statistics also underscore more investors taking an active interest in thematic or sectoral funds owing to their competitive returns. Considering how investing in these funds involves a lot of risk, numbers suggest the growing risk-averse nature of investors amidst growing optimism regarding the performance of the Indian stock market.

unclaimed deposits to the Reserve Bank of India's Depositor Education and Awareness Fund. To claim the funds from this fund, you will need to establish contact with the RBI. Several public sector banks in India now require both savings and current accounts to be classified as inoperative if there have been no transactions in the account for a period exceeding two years, aligning with the directives set forth by the RBI.

₹3,771.70 apiece on the BSE. Avenue Supermarts, the operator of DMart retail chain, on October 14 reported a consolidated net profit of ₹623.35 crore for the second quarter FY24, registering a drop of 9.09% from ₹685.71 crore in the year-ago period. The company’s consolidated revenue from operations in Q2FY24 grew 18.66% to ₹12,624.37 crore from ₹10.638.33 crore, YoY.

As the popularity of SIPs or Systematic Investment Plans — a monthly mode of investing in mutual funds — continues to soar with retail investors faithfully pumping money into actively managed equity-oriented schemes at a record pace every month, some market participants are raising doubts about whether this mode of investing in its current form is facing the risk of losing its edge. While the concept of SIPs broadly implies spreading investments across a period, it has become synonymous with regular equity mutual fund investing thanks to the reliable systems put in place by asset managers and the smart marketing push by the industry. The numbers are evident. In September, mutual funds' SIP monthly book crossed ₹16,000 crore for the first time. This was about ₹3,700 crore in the same month of 2016. In 2020, the monthly SIP flows were around ₹7,800 crore. Retail investors love the simplicity of this investing method partly thanks to increased digitisation. A roaring equities bull market has also fuelled their interest.

Oil prices fell on Monday, partly reversing Friday's rally as investors wait to see if the Israel-Hamas conflict draws in other countries, which could drive up prices and deal a fresh blow to the global economy. Brent futures slid 34 cents, or 0.4%, to $90.55 per barrel and U.S.

HT. Experts suggest that an early withdrawal of the southwest monsoon resulted in early harvest this year has advanced the dates of stubble burning as well. While Haryana has experienced nearly three times the number of farm fires, increasing from 168 instances last year to 542 this year, Punjab has seen only a marginal increase, with 1,388 farm fires this year compared to 1,238 last year.

data law's mandate of verifying the age of minors through parental consent has sent scores of companies from telcos, banks, to ecommerce companies and their lawyers in a tizzy. Not just social media platforms, but all companies will need to have age verification mechanisms, otherwise, there's no way to record the verifiable consent of users, experts told ET. The mandate will be high cost and time consuming, which is worrying all firms, they added.

Steven Gregg will take the top board seat at Westpac after this year’s annual shareholders meeting, when the bank’s chairman John McFarlane retires after three years in the role.