NEW DELHI: Markets opened at a slight low on Thursday after being on an upward trend for the week. Sensex opened with a plunge of 76.27 points at 76,968.02 while Nifty was also down at 23,401.85. the markets plunged further soon after opening with Sensex by over 300 points at 76,675.62 while Nifty plunged by…
US Wall Street experienced a significant sell-off on Wednesday, accompanied by a declining dollar, following pessimistic remarks from Federal Reserve Chair Jerome Powell and concerns over semiconductor company Nvidia. The market atmosphere shifted from its previous stability, prompting investors to seek refuge in gold, which surpassed $3,300 per ounce.Despite positive retail sales figures, US equities…
MUMBAI: The actions of two promoters of once high-flying Gensol Engineering is a case study in complete disregard for laid down corporate governance norms. Their deeds included illegal fund diversion for personal enrichment, stock price manipulation, forgery of ‘no default’ letters from lenders like IREDA and PFC to falsely project there was no default by…
HYDERABAD: Escalation in US-China tariff war sent gold prices soaring past the $3,300/ounce mark for the first time in international spot markets on Wednesday, catapulting the yellow metal to a new high of $3,318, pushing it to within touching distance of the Rs 1 lakh/10 gm (24K) mark in the Indian market.The price surge sent…
NEW DELHI: Former finance secretary and National Financial Reporting Authority chairperson Ajay Bhushan Pandey has taken charge as VP of investment solutions at Beijing-based Asian Infrastructure Investment Bank (AIIB). Pandey will oversee sectors three key departments: Themes & finance solutions, sustainability & fiduciary solutions, and portfolio management, AIIB website showed. He retired as NFRA chief…
MUMBAI: A thaw in tariff-related developments around the world on Tuesday lifted investor sentiment on Dalal Street, leading to a 1,578 point (2.1%) rally in the sensex, which closed at 76,735 points.This rise made it the first major market in the world to recoup all its losses post April 2. Nifty on the NSE also…
MUMBAI: IndusInd Bank on Tuesday said that an external agency reviewing discrepancies in account balances of its derivatives portfolio quantified the hit to its net worth at Rs 1,979 crore, as of June 2024. The bank said this would translate to a 2.27% hit to its net worth as of Dec 2024.On March 10, the…
Wall Street‘s biggest stock traders just delivered their best quarter ever. And that was before US President Donald Trump’s trade war made stock and bond markets even wilder. Goldman Sachs reported its highest-ever quarter for equity trading, after JPMorgan Chase and Morgan Stanley hit similar milestones last week. On Tuesday, Bank of America and Citigroup…
The US federal reserve will hold off on making any changes to interest rates as it waits for clearer signs on President Donald Trump’s economic policies‘ effect on the economy, Fed chair Jerome Powell said on Wednesday.“For the time being, we are well positioned to wait for greater clarity,” Powell said in prepared remarks to…
Hermes’s market cap at $276.3 billion surpassed that of rival LVMH Moet Hennessy Louis Vuitton, the conglomerate which tried to buy the maker of the Birkin bag 15 years ago. The reversal comes after LVMH fell 8% following disappointing results on slowing demand in China and the US amid an escalating trade war. Source link
