The rupee ended higher on Thursday snapping a two-week losing streak after strong intervention by the Reserve Bank of India (RBI) helped support the domestic currency, though elevated oil prices and geopolitical risks continued to cloud the outlook, Reuters reported.The rupee settled at 96.20 against the US dollar, up 0.6 per cent from its previous…
China’s new supply chain control regime is emerging as a potential challenge to India’s ambitions of positioning itself as an alternative global electronics manufacturing hub, with industry players reaching out to the Centre seeking support, ET reported.According to people aware of the matter, Beijing introduced the curbs in April as part of efforts to strengthen…
NVIDIA delivered record-breaking first-quarter FY27 results, with revenue soaring to $81.6 billion on the back of strong demand for its data centre business and AI-related offerings. The company reported an 85% jump in revenue from the same quarter last year, while quarterly revenue also grew 20% sequentially, driven largely by continued expansion in its data…
MCX Gold is maintaining its sideways to bullish tone on the weekly chart, having broken out of its consolidation phase. (AI image) Gold and silver price prediction today: While MCX Silver is consolidating on the weekly chart, gold is eyeing its next meaningful target of Rs 1.7 lakh, says Abhilash Koikkara, Head – Forex &…
Top stocks to buy today (AI image) Top stock market recommendations: Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group has recommended Varun Beverages, Max Healthcare Institute, and Page Industries as the top buy calls for May 21, 2026. He also shares his outlook on Nifty, and Bank Nifty.Index View: NiftyNifty…
Benchmark equity index Sensex erased steep early losses to finish 117 points higher on Wednesday, supported largely by gains in Reliance Industries, even as investor sentiment remained cautious amid elevated crude oil prices and continued weakness in the rupee. The 30-share BSE Sensex advanced 117.54 points, or 0.16%, to close at 75,318.39. The index had…
The world could soon get its first trillionaire!Elon Musk, already the richest person on the planet, is now inching closer to the unprecedented milestone as SpaceX gears up to go public. The initial public offering (IPO) is expected to be the biggest stock market debut in Wall Street history.Earlier on Wednesday, the rocket and satellite…
MUMBAI: For long, stock market and mutual fund industry analysts have been saying that Indian investors are maturing fast, moving away from trading in direct stocks and investing for the long term through the fund route. Now, a Sebi research paper, using granular data, has bolstered that notion. Using holdings data of households in depositories,…
MUMBAI: The war-led volatility in energy markets coupled with the risk of food inflation amid projections of below-normal monsoon rains this year could weigh on FMCG volume growth, Worldpanel by Numerator (formerly Kantar) said in its update on Wednesday. It estimated volume growth to drop to 3-4% if the situation doesn’t improve, as an unstable…
NEW DELHI: Grasim Industries reported a nearly 28% increase in its consolidated net profit to Rs 3,802 crore for Q4FY26 driven by its building materials, financial services and cellulosic fibres businesses on Wednesday. It posted a consolidated net profit of Rs 2,973 crore for the Jan-March quarter a year ago. On a standalone basis, Grasim…