U2 Helped Prove The Sphere’s Business Model — And Still Holds A Record At The Venue
Three years after ‘U2:UV Achtung Baby Live at Sphere’ began, U2 still holds Sphere’s highest per-show residency average at roughly $6.1 million.
Economy
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Rupee slips toward 96 vs US dollar as crude, yields and stocks weigh on currency
The rupee weakened 0.2% to 95.9825 against the dollar, pressured by surging crude oil prices, US bond yields and a sharp equity sell-off. RBI intervention likely limited losses, while concerns over inflation and India’s high oil import dependence weighed on sentiment.
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Sebi clears Gautam, Vinod Adani of MPS norm violation
Securities and Exchange Board of India has cleared Gautam Adani and family of MPS violations accusations. While it imposed a penalty of ₹20 lakh each on two individuals for misinformation. The cases involve Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone, and Adani Energy Solutions. Sebi found insufficient evidence linking the Adani family…
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Ten-year bond yield hits 7.19%, highest in two years
Yields on the 10-year benchmark government bond have increased to their highest level since April 2024. The rise in yields follows a surge in oil prices and higher global yields. The Reserve Bank of India is taking measures to manage liquidity in the banking system with open market operations. Traders are experiencing losses due to…
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Goldman Sachs identifies 42 Indian stocks riding AI build-out
Several Indian companies are emerging as significant players in the AI infrastructure sector, according to Goldman Sachs. These ‘AI Enablers’ span industries such as power, data centres, and semiconductors. While the Nifty index has fallen, this group of companies has experienced substantial gains. However, their valuations remain high, with a noted premium over MSCI India.…
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Gold, silver slide as buyers wait for prices to stabilise
Gold and silver prices fell sharply on Monday, leading potential buyers to postpone purchases for upcoming festivals. Silver futures dropped significantly, while gold futures also experienced a notable decline on the MCX. The current correction in prices has made buying more affordable, but customers remain hesitant. Jewellers indicate that purchases typically happen in a rising…
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Virtuix Holdings director Brett Moyer sells $10,353 in stock
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Julong announces $897,750 private placement of shares and warrants
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Fed’s Cook sees further inflationary pressures ahead
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Oil prices rise for second session on continued Middle East supply concern