Gold has been on quite a ride lately, jumping from Rs 25,000 to Rs 84,650 in just over a decade. Gold hit the Rs 25,000 mark for the first time in August 2011, and the Rs 50,000 mark for ten grams of gold was surpassed in July 2020. It took 108 months for the gold
For centuries, humans across the globe turned to gold as a trusted form of money, primarily because of its unique properties—scarcity, durability, and costly to forge. Gold was mined, refined, and minted into coins by private parties and rulers alike. Kings, in particular, would imprint their images on coins as a symbol of their reign
Foreign portfolio investors’ (FPIs) holdings of government bonds under the fully accessible route have declined, but they remained net buyers in February as the yield gap between US and domestic bonds narrowed. When the interest rate differential between US and domestic yields narrows, FPIs usually exit emerging markets in favour of safe-haven assets. This trend
Glance, the AI-powered subsidiary of contextual advertisement tech player InMobi, has raised around $23 million in debt financing from Stride Ventures, marking its first debt funding and first capital infusion since 2022, according to regulatory filings. The funds will support growth, expansion and general corporate activities. This funding comes as parent company InMobi prepares to
After an action-packed three years of regulations, market participants are hoping for a steady hand when new Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey takes charge. The longest-serving secretary of the department of investment and public asset management (DIPAM), who was also responsible for Air India’s divestment to Tata Group, Pandey will take
The ongoing sell-off in Indian equities is primarily technical in nature reflecting multiple compression rather than any drastic macro issues, according to Jefferies’ latest GREED & fear report. It noted that a major driver of the sell-off has been aggressive foreign selling. The report pointed out that foreigners have sold a net $12.2 billion worth
The benchmark indices lost nearly 2% on Friday as US President Donald Trump’s tariff threats saw foreign portfolio investors (FPIs) selling as much as `11,639 crore – one of the biggest sell-offs – in their rush to exit India. Indian investors have lost `40 lakh crore in February – the worst ever monthly loss — after Friday’s
Amid a sharp correction in Indian equity markets, Zerodha is seeing a “massive drop” in the number of traders and trading volumes on its platform. This has led to a degrowth in its business for the first time since its inception, the company’s chief executive officer Nithin Kamath said on a social media post. “We
It was a cruel joke on the stock markets on April Fool’s day, which was also the beginning of a new financial year. Stock indices fell over 1.5% on Tuesday — their biggest single-day drop in more than a month. Fears of US President Donald Trump’s reciprocal tariffs kicking in April 2 kept investors on
Less than a month after ending their strike, the Samsung India Workers’ Union (SIWU) has threatened to issue a fresh strike notice, citing unfair labour practices and alleged vindictive actions by Samsung India management. The decision was taken at a general body meeting in Kancheepuram on Sunday, which was reportedly attended by over 1,000 workers.
Tech Mahindra is witnessing a sizable market in the Asia-Pacific region (APAC) including Japan, with a strong demand flow and a robust pipeline for new projects across various industries, including telecom, BFSI, retail, and manufacturing, Harshvendra Soin, President – Asia Pacific and Japan Business, Tech Mahindra, told FE. “This (fiscal) year has been a tremendous
Taiwanese manufacturing giant Foxconn has procured machinery worth $32 million (about ₹276 crore) for manufacturing Apple products in India. The purchase comes months after China allegedly delayed shipments of specialised equipment and restricted new work rotations for Chinese employees at its Indian factories. In a regulatory filing, Foxconn said, its subsidiary, Foxconn Hon Hai Technology
Ahead of US President Donald Trump’s imposition of reciprocal tariff from April 2, gold prices on Tuesday hit an all-time high as investors sought safety amid the stock-market meltdown. In the international market, spot gold prices hit $3,148/ounce. From $2,624 at the beginning of the year, prices have so far appreciated 20% in 2025. In
