An artist’s concept shows a ring of hot gas left after a star consumed a planet, in this undated illustration. NASA’s James Webb Space Telescope observed such a ring and also found an expanding cloud of cooler dust enveloping the scene. | Photo Credit: NASA In May 2020, astronomers for the first time observed a … Read more
After witnessing high volatility over the last week, crude oil prices settled marginally lower. The Brent crude oil futures on the Intercontinental Exchange (ICE) ($64.80/barrel) was down 1.2 per cent. Whereas the crude oil futures on the MCX (₹5,302/barrel) lost a marginal 0.2 per cent. Brent futures ($64.80) Brent crude oil futures saw a zig-zag movement … Read more
With gold delivering an 18 per cent CAGR (compounded annual growth rate) in the last three years, many investors have been wondering if they should move a big chunk of their portfolio to gold. If a ‘safe haven’ can deliver an 18 per cent return, why bother to invest in anything else? Especially fixed income … Read more
Last week we said in a worst-case scenario, Nifty can run into a sideways consolidation. That seems to be working out very well. After opening with a wide gapdown, Nifty 50 has recovered almost all the loss last week. As we indicated, the fall last week actually gave a very good buying opportunity. Charts say … Read more
Bank of India (BoI) has reduced the interest rate on its short-term & medium-term fixed deposits (FDs) for various maturities by up to 25 basis points with effect from April 15, even as it has withdrawn its special fixed deposit scheme for 400 days with an interest rateat a maximum of 7.30 per cent. This … Read more
Target: ₹7,800 CMP: ₹6,544.75 Info Edge in its pre-results business update mentioned that standalone billings grew 19 per cent y-o-y in Q4-FY25, ahead of JMFe of 18 per cent, on the back of better-than-expected billings in all reporting segments. Recruitment billings grew 18.4 per cent y-o-y, the highest in the last 10 quarters, despite a … Read more
Analysts warn that the greenback’s status as the world’s reserve currency is being questioned, potentially leading to prolonged interest rate hikes and global market instability. In just a week, the dollar has gone from a safe haven to investors’ whipping boy as U.S. President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades … Read more
The rupee closed 66 paise stronger on Friday as the Dollar weakened as global tariff war gets more entrenched. However, the Indian unit posted its worst week in two months even as India’s forex reserves soared $10.872 billion during the week ended April 4. Rupee closed at 86.04 per US Dollar against the previous close … Read more
IIT Madras-incubated smart EV charger start-up Plugzmart has obtained ARAI certification for its electric vehicle charger for heavy vehicles. While several start-ups have got their EV chargers certified by ARAI, Plugzmart says it is the first to get its EV charger certified with its own controller modules and PLC module, instead of importing them. The … Read more
Nifty Bank index opened the day with a wide gap-up. It has risen well above a key intermediate resistance level of 50,700 and is sustaining higher. The index is currently trading at 50,905, up 1.33 per cent. All the index components are trading in green. That keeps the bias positive. Nifty Bank outlook The Nifty … Read more