Tesla cuts 2026 capex by one fifth Tesla reported an unexpected $1.53 billion in free cash flow in the third quarter, beating Wall Street’s expectations, as the electric vehicle maker spent less than anticipated on capital expenditure.However, a one-fifth cut to its 2026 spending forecast has raised questions about its investment plans for artificial intelligence…
Rupee gives up some gains NEW DELHI: Rupee weakened in early trade on Thursday, losing 12 paise to 94.50 against the US dollar as rising crude oil prices and a decline in the equity market weighed down the currency. A softer dollar and lower US treasury yields, however, helped limit the fall.The currency opened at…
Dalal Street is set to begin trading on a cautious note after Sensex and Nifty ended Wednesday in red, surrendering early gains amid profit booking and concerns over elevated crude prices and firm US bond yields. Gift Nifty also hinted at a muted start, trading 0.37% lower. Global cues remain fragile, with Asian equities largely…
Top stock market recommendations: Persistent Systems, Sagility, and Waaree Energies – these are the top stocks to buy that Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth has identified for October 22, 2026. He has also shared his views on Nifty and Bank Nifty:Persistent Systems (BUY): LCP: Rs 5858 Stop Loss:…
FADA reported a 22% year-on-year decline in PV retail sales during Navratri. (File photo) CHENNAI: India’s carmakers are counting on Dhanteras and Diwali to sustain festive sales momentum, even as dealers’ body FADA reported a sharp year-on-year decline in passenger vehicle (PV) registrations during Navratri. The decline, however, needs to be seen against the high…
The authenticity and full extent of the alleged exposure had not been independently verified in the post. MUMBAI: SBI has confirmed a data breach involving 3,897 customer records containing personal information, which were found on the dark web.SBI identified the records containing personal information in a preliminary analysis of 3.75 lakh records found on the…
HDFC Bank is currently investigating potential leaks of confidential information to social media and other outsiders. MUMBAI: HDFC Bank is investigating whether two executives shared unpublished price sensitive information (UPSI) with outsiders in violation of Sebi regulations and the bank’s code of conduct. UPSI can include data on financial results, dividends, capital raising and the…
Oil flows from the Middle East have topped prewar levels at over 24 million barrels a day despite escalating attacks on shipping in Hormuz Persian Gulf oil exports have climbed above prewar levels despite intensifying attacks on shipping in the Strait of Hormuz, as tankers adapt to the risks with US protection and alternative routes…
Jio Platforms is expected to have a market capitalisation of around Rs 10.3 lakh crore at the upper end of the price band. Jio IPO: The Qualified Institutional Buyers (QIB) category in Jio Platforms’ IPO has been subscribed more than twice over within minutes of the issue opening on Wednesday.Demand for the QIB portion had…
Goldman Sachs warns commodity prices could remain volatile through 2027, crude could hit $140 (representative image) Commodity prices could remain volatile through 2027 as geopolitical conflicts, disruptions to energy and agricultural supplies, and extreme weather risks threaten global markets, with crude oil, European natural gas and agricultural commodities facing significant upside risks, according to a…
