Business

Oracles default risk is surging as its 5-year CDS jumps to 128 bps, the highest since the financial crisis. Credit traders are buying protection amid AI-driven debt fears. Oracle stock is down 46% in three months after a 191% rally and now rebounds from $185-$198.3 support. Key resistance stands at $213.4-$213.8, with upside targets at $246.85, $290, and $346.

Mutuum Finance nears 95% token allocation at $0.035 as whale entries, audits, and its upcoming Sepolia Testnet launch drive momentum, positioning MUTM as a strong 2026 DeFi contender.

4th December 2025 Gold Price Update - Gold rate in India moved down by 0.41% over its previous close. Check the latest 18K, 22K and 24K gold price in major cities in India and Dubai.

Athos Salome, a Brazilian psychic dubbed "the living Nostradamus," states to have forecasted significant global events and is now predicting developments that involve the British Royal Family. He predicts a major event between late 2025 and early 2026 that may involve the health of a prominent royal and result in a "symbolic return" for Prince Harry. While a complete reconciliation with Prince William isnt immediate, strains could ease over the next generation.

President Putin's visit to India is set to significantly enhance economic cooperation. Discussions are focused on expanding Indian exports, particularly in pharmaceuticals, agricultural goods, and automobiles. This visit is expected to open new avenues for Indian businesses in the Russian market. Agreements in shipping, healthcare, and connectivity are anticipated. The collaboration will also strengthen people-to-people ties and scientific exchange.

The Reserve Bank of India has amended the Large Exposures Framework and Intragroup Transactions guidelines, directing banks to manage concentration risks and monitor ultra-large borrowers. Additional amendments cover credit facilities for jewellers and require more frequent, accurate reporting of credit information from banks and NBFCs to Credit Information Companies, enhancing the quality and timeliness of data used for credit assessment and monitoring.

Indian government bonds ended largely unchanged on Thursday as uncertainty over the fate of the key repo rate the following day discouraged traders, even as the benchmark bond rose, with traders hopeful of liquidity infusion from the central bank.

The Indian rupee recently fell below the 90-mark against the US dollar, sparking concerns from opposition parties and raising questions about the impact on ordinary citizens. Experts noted that a weaker rupee benefits exporters and the IT sector by improving competitiveness but makes imports costlier, fueling inflation and squeezing corporate margins.

IndiGo has been ordered by the DGCA to submit a detailed action plan and fortnightly progress reports as flight cancellations hit 170-200 a day. The Civil Aviation Ministry is closely monitoring the disruptions, while the regulator also asked IndiGo to propose FDTL relaxations and expedite steps to restore normal operations.

BAT announced that its wholly-owned subsidiaries, Tobacco Manufacturers (India) Limited, Myddleton Investment Company Limited and Rothmans International Enterprises Limited, intend to sell the issued ordinary share capital in ITC Hotels via block deals.