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Larry Ellison, the Oracle founder, briefly surpassed Elon Musk to become the world s richest person. This happened after Oracle shares surged, increasing the company s market value significantly. Oracle s rise is due to promising forecasts for its cloud infrastructure revenue. The company has also secured major deals in the artificial intelligence sector. This shift highlights the dynamic nature of wealth rankings.

Hindustan Aeronautics Ltd (HAL) shares surged following confirmation of progress in the LCA Tejas fighter jet engine procurement. The company is set to receive 12 GE-404 engines this fiscal year, keeping production on track.

Japanese government bond yields showed mixed trends. Traders are repositioning before the release of key US consumer price data. This data will influence the Federal Reserve s policy decisions. The Bank of Japan is expected to maintain its current policy. Investors are also watching the domestic political landscape. Wholesale inflation in Japan accelerated in August.

Forum Malls, part of Prestige Group, plans to open 14 new malls in Delhi, Mumbai, Bengaluru, Chennai and Hyderabad by 2029, nearly doubling its portfolio from 11 centres. CEO Muhammad Ali said metros offer stronger growth than tier-II cities. The company will also launch India’s first athleisure-focused mall near Bengaluru airport by 2027 to tap rising urban demand.

Kalpataru Projects International and its subsidiaries secured new orders. The orders are worth Rs 2,720 crore. These projects span Power Transmission & Distribution and Buildings & Factories. The company s total order intake for FY26 reached Rs 12,620 crore. This development promises significant future growth. Manish Mohnot, MD & CEO, expressed delight at the strong ordering momentum.

Bitcoin traded around $114,132 on Thursday. It consolidated between $104,000 and $114,000 after reaching a record high in mid-August. Experts suggest this range indicates a typical post-euphoria phase. Volatility is high, but long-term trends are uncertain. Ethereum traded at $4,405. The overall cryptocurrency market capitalization stood at around $3.96 trillion. Market shows resilience as the U.S. dollar softens.

Indian bond yields surged in August, particularly for long-term and state government securities, driven by demand-supply issues and fiscal concerns. Despite a sovereign rating upgrade from S&P, worries about GST rationalization and fiscal deficits persist.

Indian markets held gains Wednesday, with Nifty near 25,000, amid trade optimism and festive demand. Analysts say a favourable trade deal could boost sentiment, while corporate earnings remain key. The auto sector, including Hero MotoCorp and M&M, may benefit from GST resets and rising volumes.

BSE shares fell for two days in a row ahead of Sebi’s board meet amid reports of a plan to curb weekly F&O expiries. Analysts caution that regulatory changes, including expiry shifts and open interest norms, may impact derivatives trading volumes and BSE’s earnings outlook.

Larry Ellison s wealth surged by $88.5 billion on Wednesday, marking the largest single-day increase ever recorded by Bloomberg s Billionaires Index, driven by Oracle s stock rally. This surge, fueled by optimistic forecasts for cloud infrastructure revenue growth and significant AI-related contracts, briefly propelled Ellison past Elon Musk as the world s richest person. Oracle s market value soared, nearing the $1 trillion mark.