U.S.-traded chipmakers plunged on Friday, losing about $1.3 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom’s weak…
Category: Market
Nasdaq suffers biggest drop since April 2025 as chip stocks lead selloff
Nall Street’s nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline since April 2025 after a hot May jobs report fueled…
How Gujarat is writing India’s copper self-reliance story
The recent tensions around the Strait of Hormuz are another reminder that supply chains have become the new fault lines of geopolitics. As India advances towards Viksit Bharat and Amrit…
Gold falls most in two months as jobs fuel Fed rate-hike bets
Gold fell the most in more than two months as robust US jobs data fuelled bets that the Federal Reserve will likely raise interest rates this year, a headwind for…
Bitcoin drops below $60,000, its lowest level since October 2024: Here’s why
The largest cryptocurrency, , fell below $60,000 on Friday (local time), reaching its lowest level since October 2024, just before Donald Trump’s election, which pushed it to a record high.…
SBI MF buys stakes in two Adani Group firms for ₹5,747 crore; GQG Partners exits holdings
SBI Mutual Fund on Friday bought stakes in Adani Enterprises and Adani Energy Solutions from US-based GQG Partners for Rs 5,747 crore through open market transactions. SBI Mutual Fund purchased…
Gold, silver rates today: Comex gold tumbles $136/oz; silver sinks $5 as strong US jobs report boosts rate hike bets
Precious metals came under renewed selling pressure on Friday, 5 June, after a stronger-than-expected US jobs report reinforced expectations that the US Federal Reserve could keep interest rates higher for…
Maize farmers likely to shift to cotton, soybean, paddy, ragi
India’s overall kharif (monsoon season) acreage is expected to remain resilient amid predictions of a deficient monsoon. However, yields will depend on three factors — spatial and temporal distribution of…
Hexagon Nutrition IPO: Issue received healthy response on Day 01, booked 1.65 times; GMP signals solid listing
Hexagon Nutrition IPO in focus: The initial public offering of Hexagon Nutrition witnessed healthy demand from both retail and non-institutional investors on the first day of bidding on June 5.…
RBI eases investment norms to deepen foreign participation in equity, debt markets
The Reserve Bank of India (RBI) on Friday unveiled a set of measures aimed at attracting greater foreign participation in India’s equity and debt markets, including higher investment limits for…