A common mistake investors make is replacing mutual funds solely because they underperformed over a short period. (AI image) The author is CEO of PaisabazaarFor many salaried individuals, a new financial year begins with bigger paychecks and bonuses. With higher income, the immediate instinct may be to invest in a new mutual fund scheme, increase…
The Union Cabinet on Wednesday approved seven major decisions covering infrastructure, semiconductor manufacturing, mobile phone production, fertiliser and railway projects. The package includes Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS) and the National Investment Policy for Urea-2026, with a combined outlay of Rs 2,19,353 crore.The announcements came during a press briefing after the Cabinet…
Gold holds firm as softer US inflation, Middle East tensions support prices Gold prices remained resilient on Wednesday, supported by softer-than-expected US inflation data and heightened geopolitical tensions in the Middle East, according to Pinky Yadav, Commodity Fundamental Analyst at Choice Broking. COMEX gold traded near $4,031 an ounce, while MCX gold edged higher to…
Stock market live today: Top gainers and losers on BSE Sensex UltraTech Cement is leading the gains on BSE Sensex, rising 2.57%, as of 10:55 am. This was followed by Eternal, which advanced 2.12% while Bajaj Finance gained 1.84%. IndiGo and State Bank of India also climbed 1.66% and 1.63%, respectively. Axis Bank, Asian Paints…
China’s economy lost pace in the April-June quarter, despite rising exports as weak domestic demand and investment dragged growth to its slowest pace in more than three years. Official data released on Wednesday showed that the economy expanded at an annualised 4.3%, down from 5% in the January-March quarter and below forecasts. Exports continued to…
AI generated image, used only for representational purpose Dalal Street made a strong comeback on Wednesday, reversing previous session’s losses as improving tech sentiments, firmer rupee, and other geopolitical cues boosted investor confidence. BSE Sensex jumped 553 points to 77,603.57 in early trade, while NSE Nifty gained 148.15 points to 24,198.40. The recovery came a…
Gold is expected to remain supported as softer-than-expected US inflation has eased immediate expectations of further Fed tightening. (AI image) Gold price prediction today: Gold prices are likely to see a constructive outlook in the near-term, while silver is supported for the long-term, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares…
India is emerging as one of the world’s biggest investment opportunities, with global companies increasingly backing its long-term growth story despite carefully weighing risks and returns, according to Harjinder Kang, the UK’s Trade Commissioner for South Asia. The executive said that a proposed Bilateral Investment Treaty (BIT) between the two nations could further strengthen investor…
IBM said it had “faltered” in responding to a sharp shift in corporate technology. (AP photo) A $69 billion wipeout and worst fall in nearly 40 years – IBM’s share price on Tuesday crashed 26% in trade in a sign of how the technology sector is rebalancing with the growth of artificial intelligence. Shares of…
Shares of software and IT services companies plunged Tuesday after International Business Machines (IBM) reported preliminary results that missed analyst expectations, reigniting questions about the sector.IBM shares plummeted as much as 26%, on track for their biggest one-day drop since at least 1968. The company reported that it missed expectations because customers shifted capital spending…
