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Law firms draft special teams to help GCCs navigate India terrain
Multinational companies expanding their global capability centres in India may face multiple regulatory and operational challenges going forward. Law firms are forming specialist teams to help these companies navigate complex issues including employment laws and data localisation.
Abu Dhabi's ADNOC, G42 sign deal with OpenAI as Sam Altman travels to UAE
ADNOC has officially partnered with OpenAI, marking a groundbreaking step for the energy sector as it becomes the first to leverage OpenAI's cutting-edge AI capabilities. This collaboration seeks to tackle significant energy challenges, as emphasized by CEO Sam Altman. OpenAI's expanding influence in the UAE continues with further agreements, demonstrating its commitment amidst ongoing geopolitical issues, highlighted by key oil executives participating in a recent conference.
Hinduja's Gulf Oil scouts acquisitions in Asia, South America ahead of global listing
Hinduja Group-owned Gulf Oil Lubricants plans to re-enter Mexico and the US in 2027 as it accelerates overseas expansion and scouts acquisitions in South America and Southeast Asia. The group is also considering a global listing of Gulf Oil International in three to five years, while expanding manufacturing capacity in India.
Trump's oil portfolio up 43% amid Big Oil windfall, pain at the pump
Major oil companies, including ExxonMobil, Chevron, and Shell, reported higher earnings in the third quarter. This comes as the conflict in Iran leads to increased fuel prices for American consumers. Trump's investments in oil and gas stocks have significantly appreciated during this time. More than 94% of his oil stock purchases occurred after the conflict began. Rising fuel prices serve as a crucial issue ahead of the upcoming midterm elections.
US oil companies aim to squeeze more out of refineries as war supply crunch weighs
US oil companies are enhancing refinery capacities and reopening closed plants due to global supply disruptions. ExxonMobil and Chevron reported record profits, attributed to soaring commodity prices and refinery margins. Additionally, ongoing conflicts have severely impacted refining output, particularly in Russia and Iran. Analysts suggest that it may take until next year for supply chains to stabilize.
Wall Street drops to its worst day since June after the sell-off for tech stocks deepens
Wall Street’s tech sell-off deepened on Friday as investors questioned whether massive spending on artificial intelligence will deliver enough returns to justify lofty valuations. The S&P 500 fell 1.8% and the Nasdaq 2.9%, with Intel plunging nearly 29% and Nvidia down 4.2%, while bitcoin also slid after a major hack at Binance.
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US stock Market today: Wall Street stocks that jump on tough trading day for S&P 500, Nasdaq, Dow Jones, Russell 2000
Wall Street today: S&P 500 tech sector posted its largest monthly percentage loss since March 2025, and communication services registered its biggest monthly drop since April 2022.
US stocks today: Dow Jones crashes 500 pts, Nasdaq over 2.5% as AI cash burn fears spark tech selloff
US stocks tumbled on Friday as disappointing results from Intel and Amazon reignited concerns over rising artificial intelligence spending and uncertain returns. The Nasdaq recorded its biggest single-day percentage decline since June 5. Technology stocks led losses, while the S&P 500 and Nasdaq also ended October in negative territory.
Nasdaq futures sink as Amazon, Intel intensify AI spending fears
Shares of Amazon.com were down 6.3% in premarket trading after the company reported a sharp cash outflow in the third quarter and signaled another increase in capital expenditure next year, on top of already elevated outlays.
Halloween costume ideas 2026: 10 last-minute looks that will terrify everyone (Pop Culture edition)
With Halloween approaching, there are numerous costume ideas inspired by recent pop culture phenomena. Costumes can be created from existing clothes combined with simple additions and props. Options include Halloween-themed characters, famous celebrities, and musical artists that are easily replicated. Several pairs of characters offer varied looks that cater to different tastes in fashion. These inspirations allow for a creative and engaging Halloween celebration.
Warren Buffett's Berkshire earns more than 40% from just these 3 stocks; do you have in your portfolio?
Warren Buffett’s biggest dividend lesson lies in three stocks Berkshire Hathaway has held for decades. Coca-Cola, American Express and Moody’s now generate annual dividends equal to 65%, 45% and 41% of Berkshire’s original purchase costs.
US stocks face crucial test as AI earnings, Fed meeting loom
US stocks face a crucial week as earnings from Alphabet, Microsoft and Amazon coincide with the Federal Reserve’s policy decision. Investors will assess whether massive AI investments can deliver sustainable returns, while the Fed’s guidance on interest rates and uncertainty surrounding the November midterm elections could shape market sentiment and volatility.
US Stock Market prediction: S&P 500, Nasdaq, Dow Jones look to rebound as Wall Street investors set to be driven by a few factors, top stocks to follow
US Stock Market today: Investors also have their focus trained on the US midterm elections on November 3, with growing bets that the Democrats will wrest control of the US Congress away from President Donald Trump's Republican party.
Wall Street Week Ahead: Earnings flood, Fed meeting will test rickety AI market rally
US stock investors are on the edge of their seats as they anticipate quarterly earnings from tech giants like Alphabet, Microsoft, and Amazon. This week is pivotal, with the Federal Reserve meeting also in sight, likely to shape how investors feel about the AI sector. After disappointing earnings from firms such as Meta and Lam Research, mixed sentiment looms over the market, especially with the midterm elections on the horizon.
5 world market themes for the week ahead
An important week is upcoming with central banks like the Federal Reserve and European Central Bank making policy decisions. Major companies, including Alphabet, Amazon, and Microsoft, are set to report their earnings. Political events are also significant, with elections in Israel and Brazil influencing markets. China's leadership will hold discussions focused on party governance amidst external pressures.
US Stock Market today: Why have S&P 500, Nasdaq, Dow Jones suffered biggest drops since June? Top, worst performing stocks at Wall Street
US Stock Market: Energy stocks held up better than most. Exxon rose 2.5 per cent and Chevron added 2.6 per cent. Alcoa rose 2.5 per cent and The Travelers Cos. gained 1.5 per cent after the companies reported quarterly results that topped Wall Street forecasts.
US Stock Market today: Reasons behind S&P 500, Nasdaq fall in Wall Street, top, worst performing sectors, stocks
US Stock Market update: Micron Technology fell 3.9 per cent, Advanced Micro Devices dropped 2.3 per cent, Broadcom slid 1.9 per cent and Nvidia gave up 1.3 per cent.
Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies
On Monday, oil prices dipped as the prospect of increased Russian supplies emerged following a ceasefire announcement linked to a new diesel-supply deal between Ukraine and Russia. However, rising tensions in the Middle East kept Brent crude trading above $100 a barrel. Compounding this, recent violent incidents involving tankers and ongoing regional conflicts have severely disrupted global oil markets.
‘We have all of those elements’ in India, says BP CEO Meg O’Neill as firm weighs oil and gas bids under Samudra Manthan scheme
India's government has introduced the Samudra Manthan policy to enhance energy security through increased oil exploration. BP's CEO Meg O'Neill highlighted India's attractive conditions for foreign investment and exploration. This policy involves significant funding to support the development of discovered resources. BP is actively exploring current opportunities, aiming for growth and development in its portfolio. The company intends to remain independent while adapting to evolving global energy landscapes.
US President Donald Trump buys $1 million-plus stakes in Meta, Microsoft, McDonald’s; adds SpaceX debt
Donald Trump invested over $1 million in stocks of several major companies during August. Notable purchases included Meta Platforms, McDonald's, Microsoft, and space-related debt from SpaceX. His investment activities encompass trading in shares of Nvidia and Advanced Micro Devices, key players in the AI sector. Trump's financial dealings during his presidency have raised concerns about potential conflicts of interest.
From just-in-time to just-in-case: oil executives say world needs more export routes
The ongoing disruptions from the Iran conflict are reshaping energy supply chain strategies. TotalEnergies and BP are actively seeking alternative pipeline avenues to avoid conflict-affected areas. Chevron is in discussions with Iraq's government for potential oilfield access and new pipeline initiatives.
Hurricane in Gulf: Tropical Depression 9 to become first Atlantic hurricane storm of 2026, predicted to hit Louisiana, Mississippi, forecast landfall could affect Shell, Chevron, other refineries
Hurricane tracker: Shell Plc began evacuating non-essential workers from its Stones, Mars, Olympus, Ursa, Vito and Appomattox offshore production assets in the US-regulated northern Gulf of Mexico on Tuesday, the company said in a statement posted online.
Kataline files DRHP for IPO; plans 43 lakh fresh issue, OFS
Kataline Limited, an integrated traffic safety solutions provider, has submitted a Draft Red Herring Prospectus to SEBI. The proposed IPO includes a fresh issue and an offer for sale by promoter shareholders. Kataline aims to raise funds for working capital, facility upgrades, and equipment purchases. The company has shown significant revenue growth and has completed over 60 major projects across diverse sectors.
A Utah parking lot exposed 150-million-year-old dinosaur fossils. Bones and surrounding rock weighing 3,000 pounds were removed.
3,000 pounds of fossils and rock were removed from a Utah parking lot construction site. Paleontologists assessed the excavated remains, and here’s how the mystery unfolded. Read here
US to fund $7 billion of Argentina mineral, energy projects, document shows
The US Export-Import Bank plans to provide up to $7 billion in financing for critical minerals and energy projects in Argentina, as Washington seeks greater access to the region’s resources.
US stocks today: Dow ends 650 pts lower after Fed rate hike, more rate tightening seen
US stocks end lower after the Federal Reserve raises interest rates as expected and signals further tightening to tackle elevated inflation. The Dow falls 1.17%, while the S&P 500 drops 0.43% and the Nasdaq is nearly flat. Lower crude prices weigh on energy stocks, while chip shares gain.
How Trump's stock portfolio rode oil price rollercoaster: Report
Oil prices surged above $100 a barrel amid escalating tensions with Iran. President Trump's disclosed oil investments gained millions during the six months of conflict. His accounts continued trading energy stocks affected by his wartime decisions. The White House maintains independent managers control the portfolio and deny any influence. This situation raises questions about the intersection of policy and private financial interests.
Chevron expands Venezuela presence with $7 billion plan to double oil output in five years
Chevron shares rose 0.51% to $212.13 on Wednesday as the oil major announced plans to invest more than $7 billion in Venezuela. The company aims to double production through its joint ventures to about 600,000 barrels per day over the next five years.
Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela, sources say
International energy giants are on the brink of finalizing key agreements for projects in Venezuela, which may be signed within the week. Firms including Chevron and Eni are set to rejuvenate the country's ailing energy sector. In addition to these leaders, India's ONGC and Italy's Eni are actively negotiating these pivotal deals, highlighting significant opportunities for energy exploration in this OPEC nation.
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