Gold prices cross ₹1L on MCX for first time ever Gold prices in India have hit an all-time high, breaching the ₹1 lakh mark on the Multi Commodity Exchange (MCX) for the first time. The surge comes amid a weak rupee and heightened geopolitical tensions in the Middle East. Domestic gold futures jumped 2% to … Read more
Meta is making a serious move to sharpen its position in the global AI race. The company has decided to invest a massive $14.3 billion in Scale AI, buying a 49 per cent stake in the startup and bringing in its 28-year-old CEO, Alexandr Wang, to lead a newly formed AI lab at Meta. This … Read more
Adani Group is planning a capital expenditure of $100 billion. It is the largest capital expenditure in India till now. The investment will be made over the next six years. Adani Group’s Chief Financial Officer (CFO), Jugeshinder Singh told NDTV Profit, “We are not talking about acquisitions here; this is all greenfield on-ground capex…” He … Read more
New Delhi: India’s inflation rate based on the Consumer Price Index (CPI) declined to 2.82 per cent in May this year compared to the same month of the previous year. This is the lowest level of retail inflation since February 2019, according to a statement issued by the Ministry of Statistics on Thursday. Food Inflation … Read more
New Delhi: India’s inflation rate based on the Consumer Price Index (CPI) declined to 2.82 per cent in May this year compared to the same month of the previous year. This is the lowest level of retail inflation since February 2019, according to a statement issued by the Ministry of Statistics on Thursday. Food Inflation declined … Read more
Majority of the GCCs in India are now focused on R&D, innovation, and next-gen product development. The evolution has moved from cost savings to cloud engineering and now to transform business processes through innovation. For instance, Best Buyis tackling counterfeit product issues through data-led solutions developed from its India GCC. At the same time, India … Read more
Promoters of the Jubilant Bhartia Group have initiated a process to sell minority stakes in their listed companies in order to raise Rs 2,000 crore, sources familiar with the development told Economic Times. This, it added, will be used in part to finance the acquisition of a 40 per cent stake in Hindustan Coca-Cola Beverages … Read more
OMC Stocks Today: Shares of oil marketing companies (OMCs) such as HPCL, BPCL, and IOC came under pressure on Thursday after a sharp spike in global crude oil prices. HPCL fell over 4.6% to Rs 395.25, BPCL dropped 3.6% to Rs 321.80, and IOC declined 1.38% to Rs 143.15. Other related stocks like GAIL, IGL, and … Read more
Dalal Street experienced sharp declines on Thursday, with the Sensex and Nifty indices dropping by over1% during the afternoon session. This share fall occurred despite markets erasing early losses as the S&P BSE Sensex fell by 911 points to 81,603.95 and the NSE Nifty50 lost 288.75 points to 24,854.45 by 2:29 pm. The market’s volatility … Read more
It is a sudden fall in the markets, The Nifty has breached 25,000 mark pulled over 1% lower by auto, capital goods, FMCG and metals. The Tata Group stocks, Tata Motors and Tata Steel are among the top losers, down over 2% each. The Sensex has plunged over 900 pointsThe cut is even deeper across … Read more