Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…
Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…
MCX Gold prices are showing a firm bullish undertone, and the current market structure suggests the potential for further upside. (AI image) Gold and silver price prediction today: Gold and silver are exhibiting signs of bullish breakout, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold…
NEW DELHI: This is turning out to be a year of mega FDI announcements. Overseas companies – ranging from tech giants to chip makers, auto companies, financial services entities and energy players – have so far in 2025 lined up investments of at least $135 billion into India.While some of the investments have already begun…
Nestle India plans to sharpen its focus on leveraging technology to accelerate its business, invest in legacy brands, and drive volume-led expansion. Outlining the company’s priorities in his first interview since taking charge in Aug, Manish Tiwary, the CMD and the first external hire globally to step into the Swiss packaged food maker’s corner office…
Asian markets traded higher on Thursday after the US Federal Reserve delivered its third consecutive interest rate cut, although gains were capped as policymakers hinted they could slow the pace of future reductions.The latest quarter-point cut, bringing borrowing costs to their lowest level in three years, had already been widely expected. Investors, however, drew comfort…
MUMBAI: Since the stock market’s Covid-lows in March 2020, the top 100 stocks created wealth worth Rs 148 lakh crore. PSU stocks, long ignored as the also-rans in the race to create investor wealth, were at the forefront of this wealth creation movement during the five-year period to March 2025, the 30th annual wealth creation…
BENGALURU/MUMBAI: Startup Meesho’s two founders together turned billionaires on Wednesday as the stock jumped over 50% on listing on the bourses following its strong IPO that closed on Dec 5. The strong listing gains also brought in riches for all of Meesho’s early backers with their holdings now worth nearly $6 billion.In addition, the founders…
US President Donald Trump on Wednesday (local time) launched the “Trump Gold Card,” offering legal status and an eventual pathway to United States citizenship for individuals and corporations willing to make large financial contributions.Announcing the rollout on Truth Social, Trump wrote, “The United States Government’s Trump Gold Card is here today! A direct path to…
Amazon is injecting a massive $35 billion into India by 2030, building on its existing investments. This significant commitment aims to fuel AI-driven digitization, boost exports to $80 billion, and create 3.8 million jobs. The tech giant plans to extend AI benefits to 15 million small businesses, accelerating India’s digital transformation and global reach. NEW…
