Representative image (AP photo) Apple Inc has once again become the world’s most valuable company, overtaking Nvidia after the chipmaker’s shares fell sharply on Friday, according to a Bloomberg report.Nvidia’s stock dropped 3.7%, reducing its market value to about $4.8 trillion. Apple, meanwhile, gained 0.4%, pushing its valuation to around $4.9 trillion and reclaiming the…
Gujarat topped the overall rankings with a score of 56.6. Which Indian states are the most investor friendly? Gujarat, Maharashtra and Tamil Nadu have secured the top three positions in NITI Aayog’s Investment Friendliness Index for states and Union Territories (UTs), according to the report released on Friday.At the other end of the rankings, Lakshadweep…
The weakness in SpaceX shares has raised concerns about the broader momentum behind artificial intelligence-related IPOs. (AP photo) SpaceX, which made its founder Elon Musk the world’s first trillioniare, is all set to lose over $1 trillion in market capitalization from its record high. Shares of SpaceX, he aerospace and artificial intelligence company, fell sharply…
Mukesh Ambani (file photo) Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a consolidated net profit of Rs 20,946 crore for the first quarter, marking a 22% year-on-year decline. The drop was mainly attributable to an exceptional gain arising from the sale of its stake in Asian Paints during the corresponding quarter last year….
Higher crude oil and commodity prices, coupled with a widening merchandise trade deficit, are expected to push India’s current account deficit to 1.5% of GDP in FY27, according to Crisil. NEW DELHI: India’s current account deficit (CAD) is expected to widen sharply to 1.5 per cent of GDP in FY27 from 0.6 per cent in…
Brent crude prices in the spot market briefly surged to around $144 per barrel before easing as markets adjusted. (Representative image) The Middle East conflict and the closure of Strait of Hormuz led to the biggest oil supply shock and disruption in recent times. Global oil supply fell by 13.6 million barrels per day, which…
The government’s spending on LPG subsidies could climb past Rs 1 lakh crore in FY27, far exceeding the Rs 30,000 crore set aside in the Union Budget, according to a report by PL Capital.The report said the Budget provision of Rs 300 billion has already been surpassed, with the subsidy loss currently estimated at Rs…
India’s first bullet train project between Mumbai and Ahmedabad is progressing well. Initial operations will commence using Indian high-speed trains in 2027. Japan’s next-generation E10 Shinkansen trains will be introduced later, after 2030. The first operational stretch will connect Surat and Bilimora in Gujarat. This initiative significantly reduces travel time between the two major cities….
With the launch of a hydrogen train, India has undoubtedly taken a big leap in the sphere of greener transportation. Prime Minister Narendra Modi on Friday flagged off India’s first hydrogen-powered train. This ushers India into a group of select countries that have hydrogen trains. India’s first hydrogen-powered train has 10 coaches, with the capacity…
Asian equities tumbled in red on Friday as concerns over artificial intelligence led stocks deepened, with Japan and Taiwan recording the sharpest declines. Additionally, growing tensions in the Middle East also kept investors cautious, lifting oil prices while US futures traded lower.Japan’s Nikkei 225 led the regional losses, plunging 5.8% to 62,945.97 after computer chipmakers…