Gold prices slipped close to a three-week low on Monday, dragged down by a stronger dollar and easing trade tensions between the US and China. On the Multi Commodity Exchange (MCX), gold opened weaker at Rs 1,21,284 per 10 grams, down Rs 224 or 0.18%, while silver prices gained Rs 1,087 or 0.73% to Rs…
Nithin Kamath (File photo) For anyone investing in IPOs or tracking startup stocks, Zerodha co-founder Nithin Kamath has offered a striking explanation for why many venture-backed firms prefer losses over profits — and how India’s tax structure may be quietly driving that behaviour.In a detailed post on X, Kamath pointed out that taking money out…
Neal Katyal and Donald Trump (Images/Agencies) WASHINGTON: When Neal Katyal walks up to the nine US Supreme Court justices on Wednesday morning, he will be arguing a case that even US President Donald Trump has said is “one of the most important in the History of the Country.” So critical that Trump himself had said…
Wall Street traded mixed on Monday, with major technology stocks once again steering the market higher even as most other sectors struggled. The S&P 500 added 0.4% in early trading, inching close to its record high set last week. The tech-heavy Nasdaq composite climbed 0.9%, while the Dow Jones Industrial Average slipped 34 points, or…
NEW DELHI: An Air India Boeing 777 (VT-AEH) operating a San Francisco (SFO)-Delhi via Kolkata flight with almost 250 people on board safely diverted to Ulaanbaatar, Mongolia, after pilots suspected a snag. AI is working on getting the 228 passengers and 17 crew members home.“AI 174 of Nov 2 made a precautionary landing at Ulaanbaatar,…
Kimberly-Clark is set to acquire Tylenol maker Kenvue in a cash-and-stock transaction valued at approximately $48.7 billion, creating one of the world’s largest consumer health goods companies, AP reported.Under the terms of the agreement, Kenvue shareholders will receive $3.50 per share in cash and 0.14625 Kimberly-Clark shares for each Kenvue share held at closing. Based…
Investors looking to build long-term wealth through Systematic Investment Plans (SIPs) in mid-cap mutual funds should ideally stay invested for a decade, financial experts said, as the probability of earning double-digit returns is the highest over a 10-year horizon.A WhiteOak Capital study, reported ET, found that investors who stayed invested in mid-cap funds through SIPs…
Riding on the festive shopping wave, Unified Payments Interface (UPI) transactions soared to an all-time high of Rs 27.28 lakh crore in October, clocking 20.7 billion transactions, according to data from the National Payments Corporation of India (NPCI), reported PTI.This marks a 9.5% month-on-month rise in transaction value from Rs 24.9 lakh crore in September…
Gold stayed close to the $4,000-an-ounce mark on Monday, recovering from early losses after China moved to limit a tax rebate that has long benefited the country’s retailers and jewellery makers. The metal initially slipped by as much as 1% in Asian trading, but later regained ground, with bullion for immediate delivery up 0.2%, according…
Berkshire Hathaway is holding on to more cash than ever, highlighting a cautious stance in the equity markets even as the company posts strong quarterly earnings.The conglomerate, led by Warren Buffett, reported that its cash balance has reached $381.7 billion, the highest in the firm’s history. The figure swelled further after the company continued to…
