Latest business news
Mumbai, May 29 (PTI) The value of gold (including gold deposit) held as asset of Reserve Bank increased by 57.12 per cent to ₹4,31,624.8 crore as on March 31, 2025, mainly on account of addition of 54.13 metric tonnes of precious metal and increase in its prices. The value of gold held as asset of…
New Delhi [India], : Despite a surge in interest around gold as a strategic hedge against market volatility and inflation, institutional investors remain hesitant to significantly increase their exposure, according to a report by Liechtenstein-based investment and asset management firm Incrementum. According to an analysis of the global markets, family offices allocate just one per…
BEIJING/TAIPEI (Reuters) -Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said. Also Read | Nvidia says controls on AI chips exports to China were ‘failure’, praises Trump…
CHICAGO, – Chicago Mercantile Exchange live and feeder cattle were mixed on Tuesday, as market participants adjusted their positions ahead of a monthly government report that is expected to show fewer cattle in U.S. feedlots compared to a year ago, traders said. CME August live cattle futures settled down 0.075 cent to 207.85 cents per…
MUMBAI -India’s markets regulator has threatened two Mauritus-based funds with investments in the Adani Group that they could face penalties and cancellation of licences for not sharing shareholding details despite repeated requests over two years, according to a document reviewed by Reuters. The Adani Group and its 13 offshore investors have been facing an investigation…
Upcoming IPO: India’s Colorbar Cosmetics is planning to go public in early 2027, after doubling its revenue this financial year by upgrading its designs, launching new products and opening more stores, the makeup and skincare brand’s top boss told Reuters. Brands catering to wealthier Indians have weathered a high cost-of-living-led slowdown in consumer spending, as…
In its latest “GREED & fear” report dated May 15, 2025, Jefferies highlighted how the easing of trade tensions between the U.S. and China could open up new opportunities for countries like India. While markets have been relieved by the recent pullback in tariff threats, the global supply chain realignment underway could give India a…
Meta Platforms Inc.’s Chief Executive Officer (CEO), Mark Zuckerberg, is allegedly planning to add crypto support for the company’s three billion users, reported the news portal Forbes, citing some industry leaks on Sunday, May 11, 2025. This development of the leak and Zuckerberg’s alleged plan will likely pump up the cryptocurrency market, as a big…
Big Tech firm, Meta Platforms Inc., is allegedly offering jobs to former national security and Pentagon officials to help in selling virtual reality and artificial intelligence (AI) services, reported the news portal Forbes, citing government officials in the know who were aware of the company’s recruiting efforts. Meta recently launched its Llama AI model for…
India’s top two exchanges, the National Stock Exchange (NSE) and BSE Ltd, have temporarily restricted access to their websites for overseas users, three sources familiar with the matter said. This does not impact the ability of overseas investors to trade on the Indian markets, the sources said. The decision was taken after a joint meeting…