In a recent Twitter post Elon Musk announced that “xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).” Musk had bought Twitter/X for $44 billion in 2022. Therefore, for all practical purposes, there is a clear loss of over $11
As the financial year FY26 begins, the last trading session of FY25 comes with a festive pause. Indian stock markets will remain closed on Monday, (March 31), on account of Eid-Ul-Fitr (Ramzan Id). This marks an extended break for investors, with trading resuming on Tuesday, April 1. No trading on BSE, NSE on March 31
The adage ‘silver is the poor man’s gold’ has been taken literally by Silver. Gold and Silver are up almost 37% in the previous 12 months but of late, silver prices are zooming ahead. Silver has clocked 8.80% as against a 6.70% rise in gold price in the last 1-month. Incidentally, the gold rate today
India’s electricity sector is warming up. Literally and financially. With temperatures soaring throughout the nation and more homes, businesses, and vehicles being electrified, electricity consumption is hitting record highs. In 2024, we experienced one of the steepest increases in peak power demand. And this is set to continue well into 2025 and beyond. Experts are
Dividend investing is one of the most powerful strategies that helps build wealth due to its capacity to generate income in all market conditions. Unlike risky speculative trades that rely on price movements, dividend stocks ensure consistent payments which guarantee passive income and financial stability. Not only do high-quality dividend stocks pay out stellar yields
The benchmark equity indices declined by up to 0.31% on Friday due to weak global cues, but ended the week with gains of up to 0.72%, marking the second straight week of advance. In March, the Sensex and Nifty recorded monthly returns of up to 6.30% ― the highest in nine months (since June 2024).
The rupee surged 33 paise to close at 85.4625 against the US dollar on Friday, marking its highest level in three months, helped by strong foreign fund inflows. The domestic currency also recorded its biggest monthly gain in over six years, appreciating 2.17% in March, the highest since November 2018. Foreign portfolio investors (FPIs) net
The BSE stock zoomed 18% on Friday, a day after the Securities and Exchange Board of India (SEBI) proposed to fix expiry days on Tuesdays and Thursdays. After SEBI’s proposals, the National Stock Exchange (NSE) issued a statement saying that its Monday expiry implementation, which was to be effective from April 4, stands deferred. ALSO
Adani Ports And Special Economic Zone Ltd (APSEZ) on Wednesday released its business update for the month of March wherein it announced that the company has handled 41.5 MMT cargo volume during the period. This, it added, was up 9 per cent on a year-on-year basis and is also the highest ever cargo volume posted
The brokerage firm HSBC Global Research has identified three leading credit car providers, HDFC Bank, SBI Cards, and ICICI Bank as the frontrunners and its top picks from this segment. According to the brokerage, with a strong grip on market share and steady growth in card spending, these financial giants continue to dominate, while smaller
Swiggy’s share price opened Wednesday’s trade 1% lower at Rs 328.80 but soon surged to trade in the green. It was up 1.3% at Rs 336.45. On April 01, The company received a tax order of Rs 158 crore after the stock markets closed. The order from the Income Tax Department, Central Circle, Bangalore alleged
Indian equity indices opened Wednesday’s trading session on a higher note, taking note from Asian and US markets. The NSE Nifty 50 opened 45 points, or 0.19%, higher at 23,210, while the BSE Sensex rose 177 points, or 0.23%, to open at 76,201. Bank Nifty opened 230 points or 0.45% higher at 51,037.85. The Nifty
Who doesn’t love some extra cash boost? If you are an investor looking for dividend opportunities, three companies – ADC India Communications, MSTC, and RailTel Corporation have set today, April 2, as the record date for their interim payouts. With a combined total of Rs 30.5 per share up for grabs, here is a detailed
