Oracle Loses $3.5B After OpenAI Statement

Oracle shares fell 2.79% despite clarifying its OpenAI financial ties remain unaffected by Nvidia's deal, wiping out $3.5 billion in market value as investor concerns over exposure grew.

RBI Holds Repo Rate, Protects Borrowers from EMI Hike

The Reserve Bank of India's Monetary Policy Committee has maintained the repo rate at 6.5% for the eighth consecutive time, providing relief to home and auto loan borrowers by preventing an increase in equated monthly installments.

RBI Drafts Guidelines to Protect Customers from Mis-selling

The Reserve Bank of India is set to issue draft guidelines aimed at protecting bank customers from mis-selling, unfair business practices, and unauthorized transactions, enhancing transparency and accountability in the financial sector.

RBI Proposes Banks Can Lend Directly to REITs

The Reserve Bank of India has proposed easing lending norms to allow banks to provide direct loans to Real Estate Investment Trusts, aiming to boost liquidity and support the real estate sector's growth.

Nifty, Sensex Fall as RBI Keeps Repo Rate Unchanged

Indian stock market indices Sensex and Nifty 50 fell sharply on Friday after RBI maintained repo rate at 5.25%. Rate-sensitive sectors including banking, auto, and financial services witnessed significant declines.

Asian Markets Fall on Tech Sell-Off, AI Spending Concerns

Asian markets tumbled sharply on Friday, extending a global sell-off in technology stocks fueled by concerns over AI investment returns. Precious metals and cryptocurrencies also faced heavy losses amid broader economic anxieties.

Birla Carbon Launches New Production Line in Italy

Birla Carbon, a global leader in carbon black manufacturing, has inaugurated a new Continua SCM production line at its plant in Italy, enhancing its global supply chain and sustainability efforts.

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