Business

On Friday, the last trading day of the week, gold and silver prices witnessed a sharp decline, driven by reduced expectations of an interest rate cut in the United States in December. On the MCX, gold fell by ₹3,351 while silver dropped by ₹6,940. Market Update:Gold and silver suffered significant losses on Friday as investors reacted to statements from U.S. Federal Reserve officials indicating a lower likelihood of a rate cut in December. MCX gold futures for 5 December delivery fell to ₹1,21,800 per 10 grams during trading, finally closing at ₹1,23,400, down ₹3,351 or 2.64%. Silver also declined sharply, closing at ₹1,55,530 per kilogram, down ₹6,940 or 4.27%. International Trends:Globally, gold prices dropped 3% on Friday due to a broader market sell-off. Spot gold fell 1.9% to $4...

Despite U.S. President Donald Trump’s relentless efforts, the economic situation in America continues to deteriorate. The national debt has soared to record levels, with no clear solution in sight. This year, the number of bankruptcies among major U.S. companies has reached a 15-year high. US Economy UpdateOver 600 major companies in the United States have filed for bankruptcy so far this year. New Delhi: President Donald Trump has been pressuring countries worldwide to invest in the U.S., yet American companies are struggling. As of now, 655 major companies have declared bankruptcy in 2025, marking the highest number in 15 years. Excluding last year, this is the largest figure since 2010. In comparison, 687 major companies went bankrupt in 2024. Analysts predict this number could ap...

Potatoes, often hailed as a complete food, are a staple across the world, including India, where they are affectionately called the “king of vegetables.” While in India, potatoes cost around ₹25 per kilogram, the price skyrockets in some countries due to rarity and demand. Potato Prices Around the World In Asia, South Korea tops the list with potatoes priced at $4.28 (≈ ₹380) per kilogram in Seoul. Japan follows at $2.95, Taiwan at $2.82, Hong Kong at $2.61, Philippines $2.46, Singapore $2.28, Indonesia $1.51, Thailand $1.49, Vietnam $1.02, China $0.98, and Malaysia $0.91 per kilogram. Le Bonnotte: The World’s Most Expensive Potato The Le Bonnotte potato, grown in France, holds the record for the most expensive potato in the world — costing nearly ₹1,00,000 per kilogram...

New Delhi: The Bihar Assembly election results were announced on Friday, delivering a decisive mandate to the ruling NDA, which won 202 out of 243 seats. The victory had a notable impact on market sentiment, particularly concerning industrialist Gautam Adani and the Adani Group. During the elections, Adani’s name surfaced in political discussions after the Bihar government allocated land in Pirpanti, Bhagalpur district for a thermal power plant project to Adani Power Limited. Opposition parties, including Congress, RJD, and CPI (ML), accused the Bihar government and BJP of favoring Adani. Both the BJP and the state government rejected these claims, stating that the project allocation followed due process. Following the election results, India’s stock markets initially opened lower, b...

The U.S. stock market witnessed a sharp decline on Thursday, impacting the fortunes of the world’s wealthiest. Eight out of the top ten billionaires saw a dip in their net worth, with Elon Musk suffering the largest blow. Tesla shares fell by 6.64%, resulting in a staggering loss of over $20.5 billion for Musk, bringing his total net worth down to $430 billion. Despite this setback, his net worth remains among the highest globally, though it has decreased by $2.83 billion so far this year. Recently, Tesla shareholders approved a $1 trillion package in favor of Musk. Other top billionaires also felt the impact: Larry Ellison saw his net worth drop by $10.8 billion, now standing at $275 billion, despite an overall gain of $82.6 billion this year. Jeff Bezos lost $5.77 billion, b...

In a significant shift in the Indian equity landscape, domestic investors and mutual funds are emerging as the dominant force in the stock market, as foreign portfolio investments (FPIs) continue to decline. Foreign Holdings Hit 15-Year Lows According to a recent NSE report titled “Who Owns India Inc? – DMFs Extend Record Run as FPIs Hit 15-Year Lows”, foreign investors’ holdings in Indian companies have dwindled sharply over the past few years. Total FPI stake in listed companies has fallen to 16.9%, the lowest in 15 years. Specifically, FPIs’ share in Nifty 50 and Nifty 500 companies has dropped to 24.1% and 18%, respectively—the lowest levels in 13 years. During the latest quarter ending September 2025, foreign funds withdrew $8.7 billion from the market, driving this decline. ...

As counting begins for the Bihar Assembly elections, early trends show the ruling NDA alliance gaining a decisive lead. However, the political momentum could not lift investor sentiment today, as the Indian stock market opened with sharp losses, mirroring Thursday’s decline in U.S. markets. Sensex and Nifty Open Deep in Red The BSE Sensex opened 418.53 points lower, down 0.50%, at 84,060.14, with 22 of its 30 components trading in the red. The NSE Nifty 50 slid 110 points (0.4%) to begin the session at 25,768. The sell-off largely tracked global cues, with U.S. tech stocks plunging over concerns surrounding the Federal Reserve’s next rate move. The weakness extended into Asian markets this morning, and India was no exception. Losers and Gainers Top Decliners: Tata Motors...

As counting for the Bihar Assembly elections progresses, early trends indicate a sweeping majority for the ruling NDA alliance. Despite weakness in the broader market, Adani Group stocks registered strong gains, with two of the Group’s companies touching new 52-week highs. Adani Stocks Rally Despite Market Decline Even as the Sensex slipped over 400 points in early trade, Adani Group shares defied the downtrend. The momentum comes against the backdrop of election narratives, where the opposition repeatedly raised the “Adani issue,” alleging that 10 lakh trees and 1,050 acres of land in Bihar’s Pirpainti were allotted to Gautam Adani’s power project for just ₹1 per year. Key Stock Movements Adani Power surged 1.5% to ₹156. Adani Enterprises, the Group’s flagship, climbed ove...

As counting for the Bihar Assembly elections continues, gold and silver prices witnessed a decline on Thursday. The fall mirrored international trends, where gold retreated by nearly 1% after touching a three-week high. Domestic Market: Gold Slips on MCX On the Multi Commodity Exchange (MCX), gold futures for 5 December delivery dropped by ₹194, trading at ₹1,26,557 per 10 grams at 10 AM.Key price movements: Previous close: ₹1,26,751 Opening price: ₹1,26,748 Day’s low: ₹1,26,522 Day’s high: ₹1,27,048 The decline comes even as early trends indicate a strong lead for the ruling NDA in Bihar. Silver Prices Also Down Silver futures for 5 December delivery also fell sharply, declining by ₹414 to ₹1,62,056 per kg. Price fluctuations: Previous close: ₹1,62,470 ...

Despite a broader slump in the Indian stock market on Thursday, the recently listed Billionbrain Garage Ventures Ltd — the parent company of the popular investment platform Groww — continued its impressive post-listing rally. The stock jumped up to 7% on the NSE, touching an intraday high of ₹148, even as the market traded in the red. Stock Continues Strong Performance After Listing The Groww parent company's stock is now 48% above its issue price of ₹100 on the NSE.On the BSE, the stock has climbed 30% above its listing price of ₹114. At 11:30 am, Groww shares were trading at ₹143.22, up 3.71% on the BSE. The company’s IPO, valued at ₹6,632 crore, was open from 4 to 7 November. It received an overwhelming response, with an overall subscription of 17 times: Retail Investors...