Gold soared to record levels as renewed concerns over US credit quality and escalating US-China tensions drove investors toward safe-haven assets.Gold surged 1.2 per cent to $4,379.93 per ounce on Friday, heading for its biggest weekly gain since 2008 and extending a rally that began in August. The surge was underpinned by expectations of steep…
Mumbai: Zepto has raised $450 million in a pre-IPO funding round led by US pension fund Calpers at a valuation of $7 billion. Its valuation has jumped about 40% from $5 billion just over a year ago.At $7 billion, Zepto ranks among the country’s most valued startups such as Razorpay, and IPO-bound Groww, which are…
Mumbai: Renewed optimism about strong corporate results for the July-Sept quarter (Q3FY26), good sales during the ongoing festive season, and a slowing trend in offloading of shares by foreign funds helped sensex rally over 900 points in mid-session Thursday. The index finally settled 862 points up, at 83,468 points—less than 1% from its peak this…
MUMBAI: The rupee gained 26 paise to close at 87.82 against the dollar — a month’s high — on Thursday. The domestic currency opened at 87.90, rose to a high of 87.70, and hit an intraday low of 87.93.The local unit has strengthened as strong central bank intervention in the previous session and renewed optimism…
Mumbai: Consumer firms Eternal (formerly Zomato) and Nestle India recorded a revenue surge in the Sept quarter, signalling a gradual recovery in demand that had been sluggish for several quarters on the back of tepid urban spending. Net profits for the firms, however, declined on a year-on-year basis even though they rose sequentially.Eternal’s revenue from…
Bengaluru: Infosys and Wipro’s Sept quarter performance reflects a subdued demand environment, ongoing tariff uncertainties, and cautious discretionary spending by clients, with vendor consolidation and cost efficiency continuing as dominant themes.Infosys’ revenue grew 2.2% sequentially and 2.9% year-on-year in constant currency, while Wipro’s revenue increased 0.3% sequentially but declined 2.6% year-on-year.In dollar terms, Infosys posted…
Markets regulator Sebi is taking steps to enhance institutional participation in both agricultural and non-agricultural commodity markets, aiming to make them more appealing for hedging activities, its chairman Tuhin Kanta Pandey said on Thursday, PTI reported.Speaking at the Bloomberg Forum for Investment Management, Pandey said, “We are looking to enhance institutional participation to make this…
Gold prices are likely to stay firm amid global uncertainty, with the dollar and rupee expected to trade in narrow ranges as tariff tensions and geopolitical risks keep markets volatile, Director of Commodities and Currencies at Anand Rathi, Naveen Mathur, said in an interview with ET.He noted that the dollar index, which touched a three-month…
Dimon expressed a measured view on gold ownership whilst acknowledging its potential value in current circumstances. Jamie Dimon, the JPMorgan Chase & Co CEO, who is long known to be a skeptic on gold investment, has said that he now sees a ‘semi-rational’ in having the yellow metal as part of your investment portfolio.Gold prices…
SGBs are witnessing heightened interest from retail investors in the secondary market. (AI image) Ahead of Diwali and Dhanteras, gold prices have been skyrocketing this festive season. Investors are looking at investment avenues – and Sovereign Gold Bonds (SGBs) are gaining huge traction in the secondary market. SGBs offer an eight-year investment period with a…
