Latest business news
Japanese sovereign bonds fell after an auction of 40-year debt met the weakest demand since July, adding pressure on the government to reduce issuance of such securities. The 40-year yield rose 5 basis points following the sale, to 3.335%. Yields on this maturity and the 30-year tenor last week reached the highest on record after…
India’s capital markets regulator, the Securities and Exchange Board of India (Sebi), has partnered with cloud-based security platform DigiLocker to help reduce unclaimed assets and help investors securely manage their digital documents, according to a post by NSE on the social media platform X. Sebi’s move to collaborate with DigiLocker comes as the regulator aims…
Japan’s largest life insurer plans to reduce its holdings of the nation’s sovereign bonds, even as higher yields have attracted more domestic buyers and overseas investors to the haven asset. Nippon Life Insurance Co. said that after making purchases at a brisk pace earlier this month, buying will now steady and that on a book…
Tesla share price leapt nearly 8% on Wednesday after the EV-maker reported better-than-expected profit for its core auto business. CEO Elon Musk said he would step back from his involvement in the Trump administration to focus on running his numerous companies. Elon Musk vowed to pull back “significantly” from his work with the US government…
IREDA share price rallied nearly 4% on Friday amid heavy buying momentum. IREDA shares jumped as much as 3.99% to ₹157.60 apiece on the BSE. The latest shareholding pattern of Indian Renewable Energy Development Agency (IREDA) shows an increased number of retail shareholders. IREDA Retail Shareholding IREDA shares are held by more than 26 lakh…