TSMC wins $6.6 billion US subsidy for Arizona chip production
TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030, Commerce said in announcing the preliminary award.
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Auto stocks lead the rally on expectations of strong quarter numbers
Most OEMs are expected to report a sequential EBITDA margin expansion led by improving product mix and operating leverage
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India turns net importer of finished steel in 2023/24, data shows
The country imported 8.3 million metric tons of finished steel between April and March, up 38.1% from a year earlier, the data showed.
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Sensex, Nifty touch fresh highs, Bank Nifty at new peak; eyes on Q4 results, global equities
12 out of 15 Nifty sectoral indices were trading in the green. The Oil Gas and Realty indices gained over 1 percent, followed by Auto and IT indices which also witnessed buying action
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Joe Biden seeks to cancel some interest on student loans, aiding 23 million Americans
The plans, which Biden will detail in Madison, Wisconsin, include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income, which the administration estimates would eliminate the entirety of that interest for 23 million borrowers.
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Bank Nifty at new record high; positive momentum may extend rally to 49,000
As long as the Index holds above its crucial supports placed at 48,250, the current positive momentum could extend towards the zone of 48,850-49,020.
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