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At 1304 GMT, spot gold surged by 0.9% to $2,396.81 per ounce. Bullion prices have climbed by 1.5% this week, following a one-month high on Thursday. In the meantime, gold futures for June delivery in the U.S. concluded 0.4% lower, settling at 2385.50 per ounce. “Gold prices inched higher, hovering near $2400 while silver marked … Read more
SBI Mutual Fund announced the launch of SBI Automotive Opportunities Fund, an open-ended equity scheme that aims to unlock the potential of automotive and allied business activities. The new fund offer (NFO) opened for subscription on Friday, May 17, and will close on May 31. The fund’s investment universe includes original equipment manufacturers (OEMs), auto … Read more
During its annual I/O developer event held in Mountain View, California, Google’s parent company Alphabet disclosed its latest strides in leveraging artificial intelligence (AI) technology across its various ventures. CEO Sundar Pichai revealed that the company is introducing AI Overviews to all users in the United States this week, following an extensive period of public … Read more
The company is a prominent player in the fluid management sector, specialising in pumps, valves, and related systems. KBL’s solutions cater to various industries such as water supply, irrigation, power generation, and industrial processes. Over the last 12 sessions, the stock has surged by 42%, bringing its year-to-date return to an impressive 110%. Also Read … Read more
When it comes to savings and investments, one of the key hurdles faced by lay investors includes financial awareness and knowledge. A number of financial literacy campaigns are conducted by a number of government and private agencies. Angel One has launched one such initiative ‘Fin One’ that aims to make youngsters aware about wealth generation via … Read more
Notably, 72% of AI employees are proactively bringing their own AI solutions to work, rather than relying solely on company-provided resources to enhance productivity. In comparison, the global average for AI workers embracing Bring Your Own Artificial Intelligence (BYOAI) stands at 78%. ‘72% Indian AI users bringing their own AI tools to work’ “While … Read more
Oil prices extended gains on Thursday, May 16, over a stabilizing US job market and slower-than-expected inflation data, which increased expectations that the US Federal Reserve would begin to cut interest rates this year. The US consumer price index (CPI) rose 0.3 per cent sequentially, according to data released by the Labor Department’s Bureau of … Read more
Also Read: Worried broker queries FM Nirmala Sitharaman about high taxes in share market, real estate. She replies… Shenoy, who is the CEO of SEBI-registered portfolio management service (PMS) Capitalmind.in explains that one can offset long term capital gains in anything by buying a house. According to Shenoy, here’s how the taxes in the sector … Read more
While they referred to the current dispensation at the Centre and in the state, ‘Amma’, as she was popularly known, hadn’t actually uttered the words. She couldn’t have, given that she had passed away in December 2016. The clip had been created by cloning her voice. The party had commissioned the clip, which was created … Read more
Norway’s central bank announced that its executive board has decided to exclude three companies from its government pension fund over ethical concerns. Norges Bank, which manages the sovereign wealth fund, said in a statement it has decided to exclude India’s Adani Ports and Special Economic Zone, L3Harris Technologies and China’s Weichai Power. Norges Bank said … Read more