Tag: NDTV Profit

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…

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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” »

US stocks dipped to session lows on Wednesday after the Federal Reserve left rates unchanged and said there are signs of labor market stabilization. The S&P 500 Index declined 0.1% at 2:03 p.m. in New York, immediately following the rate decision. Earlier in the session, the US benchmark surpassed the 7,000-point milestone for the first…

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The US Federal Reserve held the benchmark lending rates in the range of 3.5–3.75%, as it underlined its positive view towards the economy. “Available indicators suggest that economic activity has been expanding at a solid pace,” it said in a release issued at the conclusion of the Federal Reserve Open Market Committee (FOMC) meeting. “In…

Read More “Fed Holds Interest Rates Steady Citing Resilience In Job Market” »

Market Recap The Nifty had fallen below the 25,200 levels but closed near 25,300 during the day’s trade. Intraday, both Nifty and Sensex rose nearly 1%. The Nifty ended 167.35 points or 0.66% higher at 25,342.75. The BSE Sensex ended 487.20 points or 0.60% higher at 82,344.68. ALSO READ: Trade Setup For Jan. 29: Nifty Finds…

Read More “All You Need To Know Going Into Trade On Jan 29” »

The Enforcement Directorate on Wednesday said it has attached fresh assets worth more than Rs 1,800 crore as part of its ongoing money laundering investigation against the companies of Reliance Group chairman Anil Ambani. With the latest action, the total value of attachment by the federal probe agency in the case now stands at about…

Read More “ED Attaches Rs 1,800-Crore Fresh Assets Of Reliance Group Companies; Total Attachment Rs 12,000 Crore” »

The upcoming Union Budget should look at rationalisation of duties on EVs, greater support for localising EV technology and sustained support for multiple green pathways in the automotive segment, according to industry leaders. The Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2026-27 on Feb. 1. “Looking ahead, we anticipate…

Read More “Auto Companies Seek EV Duty Rationalisation” »

Indian equities end volatile session in green extending gains for the second day. The Nifty 50 index found resistance at  25,450-25,500 levels, according to Osho Krishan, chief manager -Technical and Derivative research at Angel One.  “On the resistance side, the range of 25450-25500 is likely to present an intermediate obstacle, and a decisive breakout above this level…

Read More “Nifty Finds Resistance At 25,450-25,500 Levels” »