Sunday, October 04
President Donald Trump rejected a plan presented by Israel to the US to kill Iran's Supreme Leader Ayatollah Ali Khamenei, according to a US official familiar with the matter.The Israelis informed the Trump administration in recent days that they had developed a credible plan to kill Khamenei.After being briefed on the plan, the White House made clear to Israeli officials that Trump was opposed to the Israelis making the move, according to the official, who was not authorised to comment on the sensitive matter and spoke on the condition of anonymity.The Trump administration is desperate to keep Israel's military operation aimed at decapitating Iran's nuclear programme from exploding into an even more expansive conflict and saw the plan to kill Khamenei as a move that would enflame the conf
ET Intelligence Group: The latest surge in global prices of crude oil, unless short-lived, may potentially affect profitability of companies in the select sectors that either process it to produce finished products or consume intermediates derived from it. Companies in the sectors including crude oil refining, paints, aviation, automobiles, petrochemicals and fertilisers are expected to be affected by the rapid increase in crude prices whereas those in the business of oil production or upstream companies and companies in the electric vehicles (EV) segment may benefit depending upon the government's policies. Brent crude futures jumped 7% to settle at $74.23 per barrel on Friday, after briefly soaring over 13% to touch an intraday high of $78.50, as fears of supply disruption due to escalat
Mumbai: The Sebi board, which is scheduled to meet on June 18, is likely to discuss allowing startup founders to continue holding employee stock options even after taking their ventures public, and permitting voluntary delisting of public sector companies, among other proposals, said two people with knowledge of the matter.Currently, rules mandate that founders be classified as promoters at the time of filing initial public offering (IPO) documents. Once listed as promoters, employee stock options (ESOPs) cannot be issued to them.The capital market regulator believes the current rules do not clearly specify whether a founder holding ESOPs-who is subsequently categorised as a promoter-can exercise the granted options, both vested and unvested.Founders of many new-age tech companies often re
German-luxury car brand Mercedes-Benz India has indicated a further price increase for its cars from September, citing adverse fluctuation of Euro against the Indian Rupee, a top official said here on Monday.The company already revised its prices by 1.5 per cent, each in January and June this year, Mercedes-Benz India Managing Director and CEO Santosh Iyer said."If you see, yesterday night, one Euro is equal to Rs 99 and it is the first time that Euro has breached the Rs 98 mark. We had priced our cars (when One EURO) was at Rs 89-90. With Euro going up, even though we localise more than 30 per cent of our cars, 70 per cent of the cars still have European content and when the EURO goes up (against Rupee), the price (of Mercedes-Benz range of cars) will go up," he told reporters.He noted th
The Nifty is showing signs of fatigue, with resistance seen around the 25,200–25,300 zone amid rising geopolitical tensions and firm crude prices. While the broader trend remains stable, the short-term outlook has turned cautious, with support seen near 24,500–24,000. Analysts advise investors to avoid aggressive bets and wait for clearer signals or more favorable entry points.MEHUL KOTHARI TECHNICAL RESEARCH, ANAND RATHI SHARES AND STOCK BROKERSWhere is the Nifty headed this week? Technically, Nifty reversed from the 161.8% Fibonacci extension level near 25,200, validating it as a strong resistance zone. The next directional clue will come from 24,450, the previous swing low. A breach below this may drag the index to 24,000 and potentially lower. On the upside, any relief rally is lik
New York: Israel and Iran launched fresh attacks on each other into Sunday, with Prime Minister Benjamin Netanyahu saying Israeli strikes would intensify as Tehran called off nuclear talks that Washington had held out as the only way to halt the bombing.Oil prices rose 7% on Friday, as Israel and Iran traded strikes, and investors will be watching closely to see how the price reacts when markets open later."So far we are at a stage of 'controlled confrontation'", said Lombard Odier's chief economist Samy Chaar, where it is too soon to call for real and persistent economic damage despite high risk.On Saturday, Israel appeared to have also hit Iran's oil and gas industry for the first time, with Iranian state media reporting a blaze at a gas field.Israel's air offensive against Iran that beg
