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Nvidia as it deepens its probe into the AI heavyweight's antitrust practices, Bloomberg News reported on Tuesday, citing people familiar with the investigation. The antitrust watchdog had previously delivered questionnaires, and has now sent legally binding requests to Nvidia, the report said, adding that other companies had also received subpoenas. Officials are concerned that the chipmaker is making it harder to switch to other suppliers and penalizes buyers that do not exclusively use its artificial intelligence chips, the report said.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Gold prices held steady on Wednesday as investors braced for a monthly U.S. payrolls report that could influence the size of a likely interest rate cut this month.

dollar remained firm on Wednesday while riskier currencies like sterling and the Aussie dollar languished as investors ran for safety following the worst sell-off in almost a month on Wall Street. The catalyst was ostensibly some soft U.S. manufacturing data, which fanned worries about a hard landing for the economy, as traders braced for crucial monthly payrolls data on Friday.

Oil prices fell on Wednesday, extending the previous day's more than 4% plunge, on expectations the political dispute that has halted Libyan exports may be resolved and concerns over lower global demand growth. Brent crude futures for November fell 28 cents, or 0.4%, to $73.47 at 0052 GMT after dropping 4.9% in the previous session. U.S. West Texas Intermediate crude futures for October were down 31 cents, or 0.4%, to $70.03 after dropping 4.4% on Tuesday.

Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains.

Wall Street posted its worst day since the Aug. 5 rout, as weak US data and falling oil prices raised concerns about the health of the global economy. Japan led the slump, with the Nikkei 225 down over 3%. Shares also fell in Australia and South Korea, while futures pointed to losses in Hong Kong. US contracts edged lower in early Asian trading after the S&P 500 fell more than 2%, with Nvidia Corp. driving a plunge in tech stocks.

Mahesh Nandurkar, Jefferies, says he would be wary about IT services companies, select PSU names that have run up quite hard as well as select midcaps and small-caps. He would prefer to sit on the sidelines on some of those from the short and medium-term perspective. Nandurkar also says that barring one sector, the other sectors of the economy are seeing private sector investments already coming through. Sectorally, where are you most cautious right now?

Oberoi Hotels pastry chef Kainaz Messman, had launched the sale process in January, after its private equity backer ICICI Venture decided to exit its investment. The company appointed investment bank Arpwood Partners to line up buyers. “The real negotiations will begin now.

General Insurance Corp, ONGC, SpiceJet, GSK Pharma, Cipla among others will be in focus due to various news developments. General Insurance Corp The government has proposed to sell 6.78% stake in General Insurance Corporation of India via offer for sale (OFS) and has set the floor price for the issue at Rs 395 per share.

Federal Reserve will lower interest rates. The benchmark S&P 500 index, Nasdaq Composite Index and the Dow Jones Industrial Average recorded their biggest daily percentage declines since early August. Nine out of 11 S&P 500 sectors fell, led by declines in technology, energy, communication services and materials.

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₹4,000 crore. Canada Pension Plan Investment Board (CPPIB), the other final bidder, too had submitted a binding bid for the deal run by JP Morgan. Cube Highways will now be given exclusivity to close the deal for the portfolio of five road assets totalling 230 km.

NBFC). Some HDFC Bank board members were keen on the deal, but after much debate, the board took a collective call to not risk missing the listing deadline, the people cited above said on condition of anonymity. HDBFS is mandated to go public by September 2025, as per guidelines of banking regulator Reserve Bank of India (RBI).

₹5,000 crore from the sale, one of the three people said, while a second person said the sale plan was initiated three weeks ago. Pernod’s plan to sell Imperial Blue comes two years after rival Diageo sold a bunch of low-margin brands including Haywards, Honey Bee and Romanov, reflecting multinational liquor makers' preference for premium brands that sell less but earn more. Goldman Sachs declined to comment, while spokespersons for Pernod Ricard and Goldman Sachs did not respond to emailed queries.

indicators like unemployment rates and inverted yield curves being commonly monitored. However, unconventional signs can also offer clues. Amid current financial uncertainty, both investors and consumers are wary of a potential recession. Despite the guidance of indicators such as the inverted yield curve and the SAHM Rule, which are currently flashing red, predictions about economic downturns have been imprecise recently.

Angel One is set to appoint Arief Mohamad as its new chief business officer, two people in the know said. Mohamad has already put in his papers at Flipkart, where he was heading the fashion vertical, the second person added. According to his profile on social media platform Linkedin he has spent close to a decade at Flipkart, having joined the ecommerce major back in September 2015.

U.S. stocks tumbled to their worst day since an early August sell-off after another report raised worries about the economy’s health

Volkswagen is currently weighing all its options around Germany as there is a constant pressure from Chinese EV makers who have forced plants in Germany to close down, due to the increasing competition from the South Asian country. The economic environment has ended up in major crisis and as new competitors are entering the European market, things are getting much tougher for Volkswagen in order to maintain its logistics and manufacturing hub in the country, and still manage to upkeep its profits and other relevant costs.

CNN anchor Abby Phillip recently warned Vice President Kamala Harris about the upcoming debate with former President Donald Trump. Phillip emphasized that Harris might face a challenging situation, as Trump is known for being very persistent and forceful.

National Company Law Tribunal (NCLT) on Tuesday issued a notice to the suspended management of grounded budget carrier Go First, seeking its response to the Committee of Creditors' (CoC) decision to liquidate the airline. The counsel for the resolution professional (RP) informed the tribunal that the CoC had passed a resolution to liquidate Go First after finding that the resolution plans received under the insolvency resolution process were non-compliant with the law. Further, the counsel said since the CoC has already infused more than ₹200 crore in the insolvency resolution process, and with no cash being generated by the airline, the CoC has approved a resolution allowing third-party funding of the arbitration proceedings that Go First has filed against US engine maker Pratt & Whitney (P&W) at the Singapore Court of Arbitration.