Gold’s remarkable rise has entered a new phase, with the rising influence of speculators fueling greater volatility, but market players are sticking to their forecasts for higher prices in 2026 even as demand from central banks declines. On track for its biggest annual gain since 1979, gold has breached key psychological resistance levels of $3,000 […]
The UK market regulator has filed a lawsuit against HTX, a global crypto exchange advised by Chinese entrepreneur Justin Sun, accusing it of unlawfully promoting crypto asset services to UK consumers. The Financial Conduct Authority said on Wednesday it has launched civil proceedings in London’s High Court against HTX, formerly known as Huobi, for breaching […]
Shares of Tech Mahindra (TechM) have fallen nearly 10% in five trading sessions after the country’s fifth-largest IT exporter announced September quarter results on October 14. The ET Infotech index remained flat over the period. The company’s lackluster performance on the stock markets was despite better-than-expected financials for the quarter. The stock is under pressure […]
Gold and silver futures opened in the red on Wednesday, October 22, on the Multi Commodity Exchange (MCX), as easing trade tensions between the US and China presented investors with an attractive opportunity to book profits. The December gold futures contract opened at Rs 1,20,600 per 10 gram, down above Rs 7,000 or 6%, while […]
Infosys promoters and promoter group, including Nandan M Nilekani and Sudha Murty, have decided not to participate in the Rs 18,000 crore share buyback, according to a regulatory filing on Wednesday. Infosys promoters and promoter group, including Nandan M Nilekani and Sudha Murty, have decided not to participate in the Rs 18,000 crore share buyback, […]
Eurozone government bonds held steady on Wednesday despite a sharp drop in gold values ​​and rising uncertainty on the geopolitical front, while French bonds held to their recent range ahead of a rating review this week. A planned summit between US President Donald Trump and Russian President Vladimir Putin was suspended the day before after […]
FMCG giant Hindustan Unilever Ltd (HUL) is expected to post a subdued performance in the September quarter as the recent GST rate cuts and prolonged monsoon disrupted sales momentum even as weak underlying demand and destocking weighed on volumes. According to an average of six brokers, HUL’s revenue is likely to grow only 1% year-on-year, […]
Kolkata-based Jayesh Logistics on Tuesday said it has fixed the price band at Rs 116-122 per equity share for the initial share sale of Rs 28.63 crore, which will open for public subscription on October 27. The initial public offering (IPO) will end on October 29 and bidding for anchor investors will open for a […]
The brilliance of silver ETFs is quickly fading. After a thrilling rally that sent domestic silver prices to record highs, the white metal’s shine has dulled. Silver ETFs have fallen nearly 19% since their October 15 peak as premiums relative to international prices evaporated. When markets reopen on Thursday evening after the Diwali break, investors […]
Japanese shares rose to a record peak on Wednesday as markets reacted positively to a Reuters report that the new prime minister is preparing a massive stimulus package that includes measures to help households tackle inflation. The Topix ended the day up 0.5% at an all-time high of 3,266.43, having previously recorded an all-time intraday […]