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Nvidia’s latest earnings have once again underscored the sheer scale of the AI boom. The chipmaker’s 70% revenue growth projection for 2028 stunned analysts, sending its shares higher in extended trading and reinforcing expectations of sustained demand for AI infrastructure.
In West Asia, Qatar is stepping in to mediate between the US and Iran as diplomatic efforts remain stalled. Oil prices have risen as hopes of a durable agreement over the Strait of Hormuz face fresh obstacles.
The
Nepal flood disaster has also worsened, with the death toll rising to 469 and 290 Indians still unaccounted for. US President Donald Trump has offered help as rescuers continue their search.
Closer home, Lenskart is in focus after a ₹1,857-crore block deal, while the rupee opened stronger at ₹95.51 against the dollar. Gold, meanwhile, remains around $4,600 and is headed for its biggest monthly gain since 1999.
Qatar steps in to mediate as Trump says US not talking to Iran
Qatar’s prime minister visited Tehran on Thursday in an effort to revive stalled diplomacy six months into the war, as US President Donald Trump said Washington was not currently talking to Iran. Six months after US and Israeli forces attacked Iran, killing its supreme leader and maiming his son and successor, the Iranian government is under economic siege, but it still holds power and has shown little urgency to negotiate.
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Oil prices rise as Donald Trump rejects return to June ceasefire terms with Iran
Oil prices rose on Thursday August 28 as diplomatic efforts to secure an agreement over the Strait of Hormuz ran into fresh obstacles, raising doubts over whether energy flows through one of the world's most important corridors could sustainably increase. Brent crude for October delivery traded near $90 in thin trading ahead of the contract's expiry, while the more actively traded November contract closed below $89. West Texas Intermediate climbed 1.6% to $84 a barrel.
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Nepal floods: Trump offers help as death toll rises to 392; 290 Indians still unaccounted for
The death toll from the massive flash floods along the Nepal-Tibet border rose to 392 on Thursday, as rescuers raced to find hundreds still missing, including 290 Indian nationals. US President Donald Trump has offered "any help" Nepal needs and said the US is sending aids. "We've called Nepal, and we've offered any help that they need. We have a very good relationship with Nepal, and that was brutal... Nobody's ever seen anything quite like that... strong, well-built buildings were wiped out like they were toothpicks. That's a terrible thing," he said.
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Nvidia's 70% sales growth projection for 2028 wows analysts on earnings call
Nvidia reported another blowout quarter on Wednesday, delivering a beat on topline metrics that was strong enough to send the stock up 4% in extended trading. Analysts on the earnings call couldn't get over the 70% growth projection for 2028 revenue delivered by the California-based chipmaker, especially since CFO Colette Kress qualified it as a "supply-constrained outlook."
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The sugar price spike in India explained
The Indian government attributes the sharp rise in sugar prices over the last month to several factors, including lower-than-expected domestic production, largely due to weather-induced damage and red rot infestation in sugarcane crops. A spike in demand ahead of the festive season and hoarding by some sections of the industry have also contributed to the increase in sugar prices.
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Gold remains around $4,600 as precious metal moves to biggest monthly gain since 1999
Gold stabilised around $4,600 per ounce as investors assessed the future of US interest rates in anticipation of a significant address by Federal Reserve Chairman Kevin Warsh. COMEX Gold was trading at $4,650.60, lower than the previous closing of $4,656.
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Lenskart Solutions Block Deal: Equity worth ₹1,857 crore change hands; stock in focus
As many as 2.9 crore shares, or 1.67% equity, of Lenskart Solutions worth ₹1,856.7 crore changed hands in a block deal window on Friday, August 28. The official buyers and sellers are not yet known. On Thursday, CNBC-TV18 reported, citing sources that Alphawave was likely to sell 1.2% stake in Lenskart Solutions for ₹1,313 crore.
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Indian Rupee strengthens against US dollar, opens at 95.51 on Friday
The Indian currency opened at 95.51 per US dollar, compared with Thursday's (August 27) close of 95.54. The week started on a positive note for the currency, as on Monday, the rupee had opened at 95.64 against the US dollar.
In addition, the 10-year bond yield remained at 6.94%.
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NBFCs set for earnings upgrade and re-rating cycle: Siddhartha Khemka
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services sees a cyclical recovery underway in NBFCs, with earnings upgrades and re-rating potential. He also picks Adani Enterprises with a ₹3,880 target. Why is he bullish on these themes?
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Jefferies includes this new age company in its model portfolio but CLSA sees 28% downside
Shares of e-commerce platform Meesho Ltd. will be in focus on Friday, August 28, after global brokerage CLSA initiated coverage on the stock with a bearish view. CLSA has initiated coverage with an 'Underperform' rating and a price target of ₹150 per share.
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Ladakh cuts VAT on natural gas from 21% to 5% to boost clean energy adoption
Ladakh Lieutenant Governor Vinai Kumar Saxena has approved a significant reduction in VAT on natural gas, including Compressed Natural Gas (CNG) and Piped Natural Gas (PNG), from 21% to 5%, a move aimed at promoting affordable clean energy and accelerating the City Gas Distribution (CGD) network in the Union Territory.
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