A public feud between Trump and Musk triggered a significant drop in Tesla shares, impacting major US indexes like the S&P 500 and Nasdaq 100. Tesla's decline highlighted concerns about index concentration in large-cap stocks, particularly the 'Magnificent Seven,' and its wide market exposure through numerous ETFs, affecting funds like the Consumer Discretionary Select Sector SPDR Fund.
India is poised to surpass Japan as the fourth-largest economy, but World Economic Forum’s (WEF) former MD Claude Smadja cautions against complacency, citing the country's low per capita GDP compared to Japan. He emphasizes the need f ...more
India's leading listed real estate companies experienced a remarkable fiscal year, exceeding Rs 1.62 lakh crore in property sales, a 20% increase. Godrej Properties led with Rs 29,444 crore in pre-sales, driven by residential projects, ...more
Infosys recorded a smaller increase, with a gain of Rs 519.27 crore, bringing its total market capitalisation to Rs 6,49,739.73 crore.
The U.S. GENIUS Act regulates stablecoins as distinct financial instruments. Indian experts suggest India adopt a similar framework for INR-backed stablecoins.
Mercedes-Benz G-Class Electric comes at the starting price of Rs almost 3 cr (ex-showroom) in India. It gets 116 kWh battery setup that generates a maximum power of 579 bhp.
Bank of Baroda has reduced its repo-linked lending rate by 50 basis points to 8.15%, effective June 7, following the Reserve Bank of India's policy rate cut. This move aims to make loans more affordable for homes, cars, and businesses, ...more
Japan's per capita income about 11.8 times higher than India's
NMDC has been eyeing acquisitions across 10 mineral assets abroad including coking coal in Australia and Indonesia, and nine other critical minerals
Starting June 10, borrowers can expect slightly lower interest rates on loans like home and personal loans.
Sat Pal Bhanoo assigned financial and administrative powers and functions of CEO & MD of LIC following completion of Siddhartha Mohanty’s term
The rally was led by banking stocks, with the Nifty Bank index climbing over 1.5 per cent to close at 56,578.40, also touching a new all-time high of 56,695 during the week.
Given that China accounts for around 90 per cent of the overall supply for rare earth magnets, the curb on export of the same by China can have material implications for the EV industry
The revised rates came into effect from June 7, the public sector bank said in a statement
Sridhar Vembu, Zoho founder, discussed AI's impact on jobs, emphasizing economic distribution.
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