Oil prices witnessed a modest resurgence on Tuesday, propelled by opportunistic buying in response to the previous day’s decline. However, the extent of the gains was limited as investors maintained a prudent stance, considering the forthcoming policy determinations from central banks and lackluster economic indicators from China. Brent crude futures advanced by 1.1% to reach $72.64 per barrel, while U.S. West Texas Intermediate (WTI) crude recorded a 0.8% increase, reaching $67.64 per barrel.

BlackRock, Invesco, and Fidelity Investments all decreased their estimates of the value of Swiggy, BYJU, and Meesho, respectively. This Valuation reduction will also have an effect on the value of the ESOPs to which workers at these firms are entitled.

The latest Indian auto industry performance report for May 2023 has been issued by the Society of Indian Automobile Manufacturers (SIAM). According to statistics, the overall output of passenger cars,

Blue Dart Logistics names Sudha Pai as CFO for Blue Dart Express Ltd. and V N Iyer as Group CFO. Iyer brings expertise in aviation finance, while Pai is a qualified cost accountant. The appointments aim to enhance financial leadership and drive strategic objectives in a digital world.

Toyota Motor has announced its plans to venture into the production of solid-state batteries for the next generation of electric vehicles (EVs). Solid-state batteries utilize thin layers of solid electrolytes

The surge of capital into the artificial intelligence (AI) sector has drawn parallels to the dot-com era, raising concerns about a potential tech bubble. ESG funds heavily invested in tech are benefiting from AI’s growth, but experts urge caution and recommend selective investment strategies focusing on AI adopters and supporting industries.

ONDC achieves record-breaking retail orders of 30,000 despite reduced incentives, as collaborations between buyer and seller apps boost demand. Food and beverages dominate orders, with grocery purchases also present. Revised

Indifi Technologies, an Indian startup that provides digital lending to small and medium-sized enterprises, has raised $35 million in a new funding round that was spearheaded by ICICI Venture, the investment arm of ICICI Bank.

The Indian rupee remained relatively unchanged on Tuesday, while forward premiums experienced a drop as market participants awaited the highly anticipated release of U.S. inflation data. By 10:42 a.m. IST, the rupee was trading at 82.4250 against the dollar, displaying minimal variation compared to the previous session’s rate of 82.43.

According to three executives who attended meetings where the topic was discussed, the government has pushed Chinese mobile phone makers to include Indian equity partners in their local businesses. According

Egypt’s Supply Minister, Ali Moselhy, clarified that there is no existing credit line with India, contrary to earlier reports by Bloomberg News. However, discussions are underway to explore the possibility of using Local currencies other than the US dollar for payments regarding imports. In addition to India, similar conversations are taking place with Russia and China.

Jack Dorsey’s claim was labelled an “outright lie” on Twitter by Rajeev Chandrasekhar, Union Minister of State for Electronics & Technology.