Despite the temporary pause in hostilities, industry executives have cautioned that a full return to normal oil trade could take at least three months.
A ceasefire between the US and Iran is shrouded in confusion, with sharp disagreements over its scope, particularly regarding Lebanon. While the US insists the truce is limited to Iran, Pakistan and Iran suggest a broader agreement. This ambiguity, coupled with continued Israeli strikes in Lebanon and differing US negotiation frameworks, threatens the fragile peace ahead of crucial talks.
An India-flagged LPG carrier, Green Asha, successfully navigated the Strait of Hormuz and docked at JNPA, carrying vital supplies amid regional tensions. This arrival highlights the ongoing efforts to maintain stable domestic LPG supply, with the government ensuring availability and addressing potential concerns for migrant workers.
Gold and silver price prediction today: Both gold and silver prices are seeing some bullish bias and are likely to see a steady rise in the coming days, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
Disney is set to lay off up to 1,000 employees soon. This move primarily impacts the marketing department. The entertainment giant is facing challenges with streaming profits and box office performance. These job cuts are part of a larger strategy to streamline operations and invest in digital growth areas. This follows previous significant workforce reductions.
New research challenges the long-held 35°C wet-bulb temperature as the human survival limit. A physiology-based model suggests deadly heat stress can occur at cooler, drier conditions, even below this threshold. Older adults are particularly vulnerable, with lethal heat already impacting them during recent heatwaves, highlighting urgent reassessment of heat risk warnings.
Google CEO Sundar Pichai stated the company did not miss the AI chatbot wave but deliberately delayed its release. He revealed Google had a functional version of ChatGPT internally, but it was deemed too toxic and unrefined for public release, prioritizing product quality over being first to market.
Meta has launched Muse Spark, its first AI model from Meta Superintelligence Labs, aiming to catch up with competitors. This natively multimodal reasoning model powers the Meta AI assistant and is designed for complex reasoning and everyday tasks. While initially smaller and faster, Meta plans further generations to enhance its capabilities.
Stock market today: Nifty50 and BSE Sensex opened in red on Thursday, a day after the stock market saw a record single day gain. While Nifty50 went below 23,900, BSE Sensex was down over 500 points.
Top stock market recommendations: Aditya Birla Sun Life AMC, Bank of India, and Cummins India have been picked as top stocks to buy today by Aakash K Hindocha, Deputy Vice President - WM Research of Nuvama Professional Clients Group.
