Business

Gold prices reached a new all-time high of ₹84,900 per 10 grams in the national capital on Friday, driven by strong domestic demand and favorable global factors, according to the All India Sarafa Association. The 99.9% pure gold continued its upward trend for the third consecutive session, rising by ₹1,100 to set the new record at ₹84,900 per 10 grams. Since January 1, the...

Sky News can exclusively reveal that the Ambani family, who have a fortune estimated to be tens of billions of dollars, triumphed in a live three-way auction conducted by the England and Wales Cricket Board (ECB) on Friday. The price that the Ambanis agreed to pay for the ECB stake was unclear, although sources said it was understood to have...

Bajaj Finance Ltd reported an 18 percent year-on-year (YoY) rise in its consolidated net profit for the third quarter of FY25 at Rs 4,308 crore, surpassing analysts’ estimates, supported by a robust increase in assets under management. A Bloomberg poll of analysts had projected a lower net profit of Rs 4,136 crore. Bajaj Finance’s net interest income (NII) for the...

A tech selloff fuelled by Chinese AI developer DeepSeek wiped off a combined $108 billion from the world’s 500 richest people’s wealth, led by Nvidia Corp. co-founder Jensen Huang. According to Bloomberg data, billionaires with fortunes linked to artificial intelligence emerged as the worst losers. Hunag’s fortune declined by 20% or $20.1 billion while Oracle Corp. co-founder Larry Ellison’s $22.6 billion loss...

India reportedly brought home investments commitments totalling over ₹20 lakh crore from the five-day World Economic Forum Annual Meeting which concluded on Friday, reported news agency Union minister Ashwini Vaishnaw, led the largest ever Indian delegation to the forum, with five Union ministers, three chief ministers and several other state leaders. Vaishnaw said that trust and talent were the two key...

Indian benchmark indices ended on a weak note with Nifty around 23,000 on January 21 amid selling across the sectors. At close, the Sensex was down 1,235.08 points or 1.60 percent at 75,838.36, and the Nifty was down 320.10 points or 1.37 percent at 23,024.65. The markets experienced a volatile session on Tuesday, ultimately closing with a decline of nearly...

The rich and powerful from across the world will assemble for five days beginning Monday (January 20, 2025) for the World Economic Forum (WEF) Annual Meeting 2025. The annual confluence in Davos, Switzerland, brings the biggest names in the world from business to government to civil society to art and culture and a lot of others. India is sending its biggest-ever...

VinFast Auto India debuted its first electric SUVs for the Indian market, the VF 7 and VF 6. BMW India introduced the MINI Cooper S John Cooper Works Pack and BMW X3, with ex-showroom prices starting at Rs. 55,90,000 and Rs. 75,80,000, respectively. BMW Motorrad India launched the BMW S 1000 RR at an introductory price of Rs. 21,10,000 and...

Adani group stocks were ruling higher in stock market trade on Thursday, January 16, 2025. Adani group stocks surged up to 9 per cent intraday after short-selling firm Hindenburg Research, infamous for its report against the group, said it has wound up its operations.  On the bourses, Adani Power share price surged 9.2 per cent (Rs 599.9 per share), Adani Green...

Hindenburg Research, the US-based short seller that had targeted several business entities including the Adani Group, is going to be disbanded, founder Nate Anderson has said. “I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on,” he said in a note on the...

Shares of all 11 listed Adani Group firms rallied in early trade on Tuesday, with Adani Power surging 19 per cent and Adani Green Energy gaining about 14 per cent. While Adani Power rose to Rs 535 per share, as trading volume surged 11 times its 30-day average, Adani Green Energy increased to Rs 119 per share. Adani Energy Solutions...

Oil prices hit their highest level in more than three months on Monday’s open, extending their rally on expectations that wider US sanctions will affect Russian crude supplies to the world’s top and third largest importers China and India. Brent crude futures climbed $1.35, or 1.69%, to $81.11 a barrel by 2339 GMT after hitting an intraday high of $81.44,...