Category: Business

The last rites of Maharashtra Deputy Chief Minister Ajit Pawar, killed in a plane crash, will be held with full state honours on Thursday in Baramati, Pune district. Prime Minister Narendra Modi and Union Home Minister Amit Shah are expected to attend the funeral, which will be held at Vidya Pratishthan ground at 11 a.m….

Read More “Ajit Pawar Mortal Remains Leave From His Residence” »

The shares of Maruti Suzuki India Ltd. fell to five-month low on Thursday, extending the fall for the seventh consecutive day. This comes as brokerages trim earnings estimates and target prices even as they remain constructive on near-term demand trends. Jefferies, Morgan Stanley and Citi have all cut target prices on Thursday. While Jefferies cut…

Read More “Maruti Suzuki Shares Hit Five-Month Low As Brokerages Cut Target Price After Q3 Results” »

ITC, IEX, Paytm, Cochin Shipyard, Swiggy among important shares to watch today. Source link

The gold rally continued on Wednesday, with the precious metal reaching a new record high of $5,500 per ounce. While the US dollar weakness and investors shifted further to safe havens were once again key reasons behind the sustained rally, Bloomberg reports the debasement trade is also playing a key role, of late. The debasement trade, in…

Read More “What Is Debasement Trade? The Key Trigger Behind Gold, Silver Rally” »

Microsoft Corp.’s spending surged to a record high and cloud sales growth slowed, sending the shares down sharply amid investor concerns that it could take longer than expected for the company’s AI investments to pay off.Capital expenditures for the fiscal second quarter hit $37.5 billion, up 66% from a year earlier and exceeding analyst estimates…

Read More “Microsoft Drops Amid Slowing Cloud Growth, Record Spending” »

Meta Platforms Inc.’s better-than-expected sales outlook helped ease Wall Street concerns about plans for unprecedented spending on artificial intelligence this year.  The social networking giant topped projections for holiday quarter revenue and gave a strong forecast for the current period during its earnings report Wednesday. Improvements in its online advertising business are making it possible…

Read More “Meta Leans On Improved Ad Business To Fuel Massive AI Spending” »

Maharashtra Deputy Chief Minister Ajit Pawar, who was killed in a plane crash on Wednesday, had shared an anecdote about the tense moments he experienced while flying in a helicopter to Gadchiroli with a couple of prominent politicians from the state amid bad weather in July 2024. He had shared the experience at a public…

Read More “When Ajit Pawar Had Sinking Feeling On Board A Helicopter In 2024 And Started Chanting God’s Name” »

Gold surged for a ninth straight day, breaking above $5,550 as rising geopolitical tensions and expectations of Federal Reserve easing boosted demand. Oil also advanced as concerns over Iran intensified. The precious metal rose 1.5% on Thursday, extending its rally this year to 27%. Silver climbed almost 1% to an all-time high as precious metals…

Read More “Gold Extends Record Rally, US Stock Futures Drop: Markets Wrap” »