The weakness in SpaceX shares has raised concerns about the broader momentum behind artificial intelligence-related IPOs. (AP photo) SpaceX, which made its founder Elon Musk the world’s first trillioniare, is all set to lose over $1 trillion in market capitalization from its record high. Shares of SpaceX, he aerospace and artificial intelligence company, fell sharply…
Mukesh Ambani (file photo) Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a consolidated net profit of Rs 20,946 crore for the first quarter, marking a 22% year-on-year decline. The drop was mainly attributable to an exceptional gain arising from the sale of its stake in Asian Paints during the corresponding quarter last year….
Higher crude oil and commodity prices, coupled with a widening merchandise trade deficit, are expected to push India’s current account deficit to 1.5% of GDP in FY27, according to Crisil. NEW DELHI: India’s current account deficit (CAD) is expected to widen sharply to 1.5 per cent of GDP in FY27 from 0.6 per cent in…
Brent crude prices in the spot market briefly surged to around $144 per barrel before easing as markets adjusted. (Representative image) The Middle East conflict and the closure of Strait of Hormuz led to the biggest oil supply shock and disruption in recent times. Global oil supply fell by 13.6 million barrels per day, which…
Niti Aayog has proposed a major overhaul of India’s biotechnology strategy, recommending the country to replace fragmented programmes with six mission-driven national initiatives, accelerating growth in the sector. These recommendations come as part of its newly released bioeconomy roadmap, which sets a target of building a $691 billion bioeconomy by 2035.The roadmap mentioned that the…
Mumbai-Ahmedabad bullet train: First section to open in 2027, Japan’s E10 trains by early 2030s NEW DELHI: India’s first bullet train project has moved a step closer as the discussions between India and Japan on the Mumbai-Ahmedabad high-speed rail corridor are progressing well.According to the sources, Japan will provide its next-generation E10 series Shinkansen trains…
With the launch of a hydrogen train, India has undoubtedly taken a big leap in the sphere of greener transportation. Prime Minister Narendra Modi on Friday flagged off India’s first hydrogen-powered train. This ushers India into a group of select countries that have hydrogen trains. India’s first hydrogen-powered train has 10 coaches, with the capacity…
Both the benchmarks rose 1% as the IT sector and banking stocks rallied. (AI image) Stock market rally today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in trade on Friday even as a global markets selloff was underway. Both the benchmarks rose 1% as the IT sector and banking stocks rallied.The…
From a technical perspective, the 8-period EMA has started turning higher and is attempting to cross above the 21-period EMA. Gold price prediction today: Gold prices are favouring a buy on dips strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.MCX Gold August futures have witnessed a sharp intraday recovery after…
Asian equities tumbled in red on Friday as concerns over artificial intelligence led stocks deepened, with Japan and Taiwan recording the sharpest declines. Additionally, growing tensions in the Middle East also kept investors cautious, lifting oil prices while US futures traded lower.Japan’s Nikkei 225 led the regional losses, plunging 5.8% to 62,945.97 after computer chipmakers…
