Meta stock jumps as Wells Fargo raises its price target ahead of Meta Connect. (REUTERS/Representational Image)
Posted in Business

Meta stock jumps 7%: Why Wells Fargo sees more upside ahead of Meta Connect

Meta Platforms shares rose as much as 7.6% during Monday’s trading session. As of 11:22 a.m. ET, the stock was still up about 7.1%. The…

Continue Reading
India to Study US Sanctions Act: Goyal
Posted in Economy

India to study US Sanctions Act: Piyush Goyal

New Delhi: India will study the US’ Lindsey Graham Sanctioning Russia and Iran Act of 2026 and its possible impact on India, commerce and industry…

Continue Reading
Oura targets $15.62 billion valuation in US IPO (REUTERS/Dado Ruvic/Illustration) (REUTERS)
Posted in Business

Why is Oura going public at $15.6 billion, and what does it mean for the US IPO market?

Oura, the company behind the Oura smart ring, has started its IPO roadshow in the US. The company is targeting a fully diluted valuation of…

Continue Reading
ET logo
Posted in Economy

FM Nirmala Sitharaman clarifies UPI MDR charges won’t affect consumers, hits out at opposition over misinformation

Union Finance Minister Nirmala Sitharaman on Monday said Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions will not be passed on to…

Continue Reading
ET logo
Posted in Economy

India New Zealand FTA: New Zealand route won’t help third-country goods claim India FTA benefits: Here’s what changes

Goods from third countries entering the Indian market through New Zealand will not be eligible for tariff concessions under the bilateral free trade agreement between…

Continue Reading
Intel stock rises on AI chip packaging plans and new AUO partnership 
(REUTERS/Dado Ruvic/Illustration/File Photo) (REUTERS)
Posted in Business

Why is Intel stock surging? AUO deal, AI chip plans and 18A progress explained

Intel stock is surging in pre-market trading. Intel shares jumped 5.9% in pre-open trading on Monday, extending the strong rally seen last week. The stock…

Continue Reading
AMD stock crosses $1 trillion as AI demand drives its market value higher. (Bloomberg file photo)
Posted in Business

AMD stock hits $1 trillion market cap: How AI demand is fueling its Nvidia challenge

Advanced Micro Devices (AMD) stock briefly crossed $1 trillion in market value for the first time on Monday. AMD shares rose as much as 9%…

Continue Reading
ET logo
Posted in Economy

RBI FCNR(B) deposits: RBI revises FCNR(B) inflows upwards to USD 133 billion after robust response from NRIs

The Reserve Bank of India has upwardly revised the amount mobilised under its special Foreign Currency Non-Resident (FCNR-B) deposit scheme to around USD 133 billion…

Continue Reading
ET logo
Posted in Economy

India-New Zealand FTA to come into force on October 20: Union Minister Piyush Goyal

The India-New Zealand Free Trade Agreement (FTA) will come into force on October 20, 2026, providing duty-free access to 100% of India’s exports to New…

Continue Reading
ET logo
Posted in Economy

RBI forex swap facility: Forex inflows under RBI swap facility rise to USD 143.6 billion

Foreign exchange inflows under the Reserve Bank of India’s special USD-INR forex swap facility have risen to USD 143.60 billion, with Foreign Currency Non-Resident (Bank)…

Continue Reading