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Asian equities showed mixed performance amid stabilising oil prices, as markets assessed easing geopolitical tensions and awaited US fiscal and trade policy cues. Investors remained cautious due to uncertainties surrounding Federal Reserve leadership and potential shifts in US interest rate policy. A fragile ceasefire between Iran and Israel supported market confidence, while speculation about Jerome Powell's future added to volatility.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Thursday following global cues. While Nifty50 was near 25,300, BSE Sensex rose around 150 points.
Bumble Inc. is laying off nearly 30% of its workforce, impacting 240 employees, to cut costs and refocus on long-term growth. The company plans to reinvest $40 million into product innovation and technology. This restructuring comes amid economic challenges and sluggish growth in the dating app sector, with Bumble aiming to improve user experience and regain market traction.
Gold and silver price prediction today: Amidst Middle East tensions, gold prices are fluctuating. Experts suggest watching ₹95,800 as a crucial support for gold, targeting ₹98,500 and potentially ₹1,00,000. Silver faces a decline but remains positive overall.
India is expected to continue as a leading hub for Global Capability Centres. A PwC report indicates that most businesses plan to expand their operations in India. Over 150 new GCCs are projected to be established. The report suggests increased investment in infrastructure by the government. This will support India's digital transformation. The GCCs are evolving into innovation-led global hubs.
China has halted specialty fertilizer exports to India, impacting the production of fruits and vegetables, while continuing to supply other nations. This action, attributed to strained diplomatic relations and procedural delays, threatens India's crop yields as 80% of its specialty fertilizer imports originate from China.
2025/06/29 18:45:02
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