Oil prices fell for a third straight session on Wednesday on expectations the Federal Reserve could keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel use in the world's largest oil consumer.Brent crude futures were down 43 cents, or 0.5%, to $82.45 a barrel. U.S. West Texas Intermediate crude (WTI) futures slipped 50 cents, or 0.6%, to $78.16. Oil pr...

The market continues to be fixated with order wins, as can be seen from the upbeat reaction whenever companies announce one. A healthy order book matters no doubt, but right now the Street appears to be ignoring the fact that execution matters too. And if the execution goes awry, it will have an immediate impact on profitability. Blue Star’s Managing Director B Thiagarajan made this point a coup...

The Adani Group is gearing up with a $3-billion investment to bolster its port operations with an eye on the corridor that connects India to Europe, the Mint has reported. The move is aimed at leveraging the growing demand for iron ore and coal imports as well as the export of finished goods.The Gautam Adani-led conglomerate plans to increase its overall port handling capacity from around 600 mill...

Leafing through global news developments, we have US indices - S&P 500 and NASDAQ Composite ending on a record high overnight, followed by retreating US treasury yields, and investors awaiting Nvidia's quarterly results. Take a deep dive into the May 22 World Street edition!Bulls on fire!US markets ended on a positive note overnight, with the S&P 500 and NASDAQ Composite indices setting closes at ...

Sensex and Nifty 50 were marginally higher in the morning trade on May 22, ahead of the minutes of the Federal Open Market Committee (FOMC) meeting held on April 30-May 1. Investors are expected to remain cautious ahead of the release as they will look for details of the deliberations to gauge which way the Fed may be leaning in the coming months.At 09.18 am, the Sensex was up 41.5 points or 0.1 p...