London's FTSE on Wednesday 100 stock index soared to unprecedented levels, buoyed by AstraZeneca's strong performance. The pharmaceutical company's global decision to halt its COVID-19 vaccine distribution drove market optimism. Meanwhile, investors eagerly anticipated the Bank of England's announcement on interest rates. By 07:07 GMT, the blue-chip FTSE 100 edged up 0.4% at 8,345.31 to climb another all-time peak.
Stock market today: The Indian market has been underperforming recently, despite positive global cues. While the Dow has been on an upward trend for four consecutive trading sessions, the Nifty has become highly volatile and apprehensive.
Indian carriers, led by Tata Group’s Air India, IndiGo, and Akasa, are poised to capture 50% of the international passenger market share by FY 2028. The surge in international leisure travel and rising disposable incomes are driving this growth.
Demand for weather derivatives, driven by climate volatility and fragility in various sectors, is on the rise. Marty Malinow's firm experiences increased interest, with CME Group reporting a significant uptick in trading volumes and outstanding contracts.
Sentynl, under Zydus Lifesciences, acquired global rights for Zokinvy, the first FDA-approved Progeria treatment. An acquisition milestone in expanding the rare disease medicines portfolio, focusing on supporting patients.
Bisma Rehman lost her Tesla job as Interoperability Lead, praising her team's dedication. Elon Musk announced cost reduction in an internal email, leading to layoffs at Tesla.
Senior citizens receive advantageous interest rates on bank fixed deposits. The Senior Citizens Savings Scheme (SCSS) and FDs offer unique benefits and tax advantages. ET's detailed comparison helps in understanding the eligibility, tax benefits, interest rates, deposit limits, and TDS implications.