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The Latest Breaking News from SP

SIT in Ram Mandir embezzlement case intensifies probe, UP Police question accused Avinash Shukla

A Special Investigation Team is intensifying its probe into alleged embezzlement of donations at the Ram temple, with a 15-day extension granted for a comprehensive inquiry. Accused Avinash Shukla, involved in counting offerings, is currently being questioned. The controversy erupted after allegations of misappropriated funds, leading to an FIR and…

The Economic Times

Congress hints at equal seat-sharing with Samajwadi Party in 2027 UP assembly polls

Uttar Pradesh Congress in-charge Rajendra Pal Gautam signaled an equal seat-sharing with the Samajwadi Party for the 2027 assembly polls, emphasizing "equality and respect." He highlighted the INDIA bloc's success in the Lok Sabha elections, attributing it to the Congress's national stature and Rahul Gandhi's leadership. Gautam also criticized the…

The Economic Times

RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&P

The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financial institutions, encouraging them to increase external borrowings. This move aims to attract foreign capital, bolster reserves, and support the rupee. S&P Global Ratings highlights that these government-linked entities, crucial for…

The Economic Times

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On Akhilesh's birthday, SP workers portray him as Lord Krishna; BJP demands apology

Samajwadi Party workers celebrated Akhilesh Yadav's birthday by unveiling a poster depicting him as Lord Krishna holding the Constitution. Party leaders stated this symbolised Yadav's commitment to justice and righteousness. The BJP criticised the act as an insult to Sanatan Dharma and demanded an apology, accusing the SP of religious…

The Economic Times

Stocks Settle Higher as Chipmakers Rally

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.68%. September E-mini S&P futures (ESU26 ) rose +0.63%, and September E-mini Nasdaq futures...

Barchart

Signs of Economic Resilience Boost Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.34%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.97%. September E-mini S&P futures (ESU26 ) are up +0.26%, and September E-mini Nasdaq futures...

Barchart

Stock Indexes Supported by Strong Demand for Technology Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.50%. September E-mini S&P futures (ESU26 ) are up +0.09%, and September E-mini Nasdaq futures...

Barchart

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Twenty-three parties, Independent MP write to Chief Justice on SIR, role of EC

Twenty-three political parties, including INDIA bloc members, AAP, and DMK, have jointly written to the Chief Justice of India concerning the Election Commission's Special Intensive Revision (SIR) process and other election-related matters. The opposition's move highlights their reliance on the judiciary when other avenues are exhausted, appealing to its conscience…

The Economic Times

Stock Indexes Finish Sharply Higher as Tech Soars

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.25%. September E-mini S&P futures (ESU26 ) rose +1.20%, and September E-mini Nasdaq futures...

Barchart

The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis

“Not only the fact of independence but also the appearance of independence is key to the Federal Reserve’s design.”

Fortune

NCP (SP) suspends farm loan waiver protest after invite for talks with CM

NCP (SP) suspended its Chhatrapati Sambhajinagar protest for a farm loan waiver after Maharashtra minister Girish Mahajan invited leaders for talks with the Chief Minister. MLA Rohit Pawar led the hour-long demonstration, which was called off following the assurance of a meeting on Tuesday. The party warned of intensified agitation…

The Economic Times

NCP (SP) leader Rohit Pawar launches stir over farm loan waiver, accuses Maharashtra government of betrayal

NCP (SP) leader Rohit Pawar has initiated a farmers' protest in Chhatrapati Sambhajinagar, accusing the Maharashtra government of reneging on promises for discussions regarding its new farm loan waiver scheme. Pawar alleges government suppression tactics with heavy police deployment and threatens a 'jail bharo' movement if the agitation is stifled.…

The Economic Times

SpaceX initial public offering returns: Will SpaceX stock hold above $135 IPO price? Elon Musk's company is trading over 5 times than that of Nvidia sales

SpaceX is trading at around 107 times its 2025 sales, an astronomical valuation. By comparison, AI heavyweight chipmaker Nvidia recently traded at 21 times sales.

The Economic Times

SpaceX's Active Docking On Nasdaq 100 May Spur $4.3 Billion Passive Bounty

Stocks included in the Nasdaq 100 index get a boost, as exchange-traded funds buy shares of the newly included firms as they seek to replicate the index's performance. J.P. Morgan has reportedly estimated that the entry of SpaceX in the Nasdaq 100 may likely infuse $4.3 billion in passive inflows.

International Business Times

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Stock Indexes Finish Lower as Chipmakers Sell Off

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.09%. September E-mini S&P futures (ESU26 ) fell -0.12%, and September E-mini Nasdaq futures...

Barchart

Stocks Settle Mixed on Apple Weakness and Chipmaker Strength

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.01%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.75%. September E-mini S&P futures (ESU26 ) rose +0.01%, and September E-mini Nasdaq futures...

The Economic Times

US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook

Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech's AI spending concerns, the Dow edged higher. Investors reacted to fresh economic data showing rising inflation and a robust GDP growth. Despite strong earnings from chipmakers like Micron, worries about the Federal…

The Economic Times

Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&P

S&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply normalisation. While a US-Iran MoU is constructive, unresolved issues persist. Delays in pre-conflict flows could keep energy and input costs elevated, impacting sectors like petrochemicals and agriculture, with South…

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The Economic Times

Restructuring in UP BJP unit, Rajnath Singh's son Neeraj, SP turncoat Pooja Pal among 19 vice presidents

Uttar Pradesh BJP has unveiled a restructured state unit, appointing 19 vice-presidents and eight general secretaries for the 2027 Assembly elections. Notably, Defence Minister Rajnath Singh's son, Neeraj Singh, is among the new vice-presidents. The reshuffling aims for balanced representation across social sections and communities, including women leaders, to strengthen…

Barchart

Stocks Settle Mixed as Tech Weakness Weighs on the Broader Market

The S&P 500 Index ($SPX ) (SPY ) closed down -0.10%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.43%. September E-mini S&P futures (ESU26 ) fell -0.13%, and September E-mini Nasdaq futures (NQU26 )...

The Economic Times

S&P upgrades Bharti Airtel to 'BBB+' on strong India, Africa growth and debt reduction prospects

Bharti Airtel's credit rating has been boosted to 'BBB+' by S&P Global Ratings, reflecting robust earnings growth anticipated in India and Africa. The agency foresees expanding profits driven by escalating data consumption and market improvements. Expectations are for a 3-4% subscriber increase and 5-7% ARPU growth in India, while Airtel's…

The Economic Times

India's FY27 growth likely to slow down to 6.6% on energy stress, sub-par monsoon: S&P

India's economic growth is projected to slow to 6.6% in the current fiscal year, according to S&P Global Ratings. This slowdown is attributed to energy market pressures, a potentially weak monsoon, and a global economic deceleration. Higher energy and fertilizer costs are expected to fuel inflation, potentially leading to a…

The Economic Times

Akhilesh Yadav alleges "BJP conspiracy" behind land scam allegations against MP CM Mohan Yadav, says party wants leadership change

Samajwadi Party chief Akhilesh Yadav accused the BJP of plotting to replace Chief Ministers in Madhya Pradesh, Rajasthan, and Uttar Pradesh, citing land acquisition allegations against MP CM Mohan Yadav as a pretext. He drew parallels with UP CM Yogi Adityanath's alleged land dealings. Reacting, UP minister Om Prakash Rajbhar…

Barchart

Plunge in Chipmakers Drags Stock Indexes Sharply Lower

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -3.29%. September E-mini S&P futures (ESU26 ) fell -1.41%, and September E-mini Nasdaq futures...

Barchart

Dollar Moves Higher as Weak Stocks Boost Liquidity Demand

The dollar index (DXY00 ) climbed to a 13-month high on Tuesday and finished up by +0.36%. The dollar rallied on Tuesday's plunge in equity markets, boosting liquidity demand for the currency. The dollar also has carryover support from last Wednesday, when the FOMC projected higher interest rates later this...

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