Updater Services IPO to open on September 25. Here are 10 things to know about the offer

The company offers integrated facilities management (IFM) services and business support services to its customers, with a pan-India presence. Its portfolio of services evolved over the years to cater to diverse customer segments across sectors including FMCG, manufacturing and engineering, BFSI, healthcare, IT / IteS, automobiles, logistics and warehousing, airports, ports, infrastructure, and retail, among […]

Gold faces headwinds as hawkish Fed, rising yields pale optimism

The FOMC meeting’s tone was more hawkish than anticipated, resulting in the strengthening of the US dollar to a six-month high and a rise in US 10-year treasury yields to 4.5%, the highest level since 2007. These factors weighed down on gold, which is a non-yielding asset.

AI fantasy fades as Wall Street reels from real-world rate jump

The recent increase in borrowing costs across Corporate America is causing concern for stock investors, particularly in the tech sector. Federal Reserve Chairman Jerome Powell’s commitment to keeping interest rates adjusted for inflation elevated has sparked a sell-off in Big Tech stocks. The rising cost of capital is seen as detrimental to equity valuations, and […]

Why industrial commodity prices are under pressure

Going ahead, as the traditional demand drivers of industrial metals have stalled, the short-term price outlook remains under pressure. Though the new demand areas like the clean energy sector are on the cards, they are unlikely to boost prices in the immediate run.