Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company. The surge in Nvidia's market value above Apple's marks a shift in Silicon Valley, which the company co-founded by Steve Jobs has dominated since it launched the iPhone in 2007
Speaking at a Business Today event this evening here, Das reiterated the need for an outright ban on cryptos saying though those supporting it call it an asset or a financial product, there is no underlying value in it not even a tulip (alluding to the Dutch tulip mania blow-up in the early part of the past century).
While most retailers operating in the premium segment reported growth in sales during the quarter gone by, value retail brands such as V-Mart and Pantaloons saw a slump.
Moreover, risk-off mood and firm crude oil prices weighed on the local unit.
Foreign fund outflows and losses in the domestic equity markets also hit the rupee sentiment, forex traders said.
The panel in an earlier report had proposed to the GST Council to levy 28 per cent GST on gross sales value as horse racing, online gaming and casinos are akin to betting or gambling.
Persistent foreign fund inflows into capital markets, softening crude oil prices and a weak US dollar in the global markets boosted the local currency.
U.S. Treasury yields fell overnight after data showed the economy contracted again in the second quarter, suggesting that the Fed may not need to be so aggressive with rate hikes to cool inflation.
The partially convertible rupee ended at 79.8550 slightly stronger compared to its close of 79.9450 on Thursday and also marginally above last Friday’s close of 79.8775.
Only Reliance Industries and Hindustan Unilever emerged as gainers from the top-10 list.
If India’s growth recovers and cyclical sectors revive, then value-styled mutual funds can make a strong comeback this year
The strategy has gone awry as the outbreak has disrupted the global economy and pushed the world to the verge of a global recession
This is a show to take a look at how businesses create value, discuss the strategies and opportunities that are vital for their growth and the various challenges they face in India's economic environment.
PwC Winning Leap looks at how businesses create value, discuss the strategies and opportunities that are vital for their growth and the various challenges they face in India's economic environment, also looks at risk and regulatory complexity, analyse the depth of these issues and derive how best to tackle them.
The Goods and Services Tax (GST), is a comprehensive indirect tax on the sale, manufacture and consumption of different kinds of goods and services throughout India, with all other central and state taxes intended R
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A personal economy incorporates all the things that we value the most – family, home, passions, work and much more. On this series, we explore these key elements, so what better place to start with than from where we all have come – our home.
Shah says he expects earnings to grow 20 percent in FY17, because that is when the full impact of the recovery in the economy and the the uptick in capex cycle will kick in
Dhirendra Tiwari of Antique Broking is bullish on the company's outlook and expects the Avantha divestment to aid the liquidity situation of the company.
Worried that non major ports are eating into the share of 12 major ports, a government appointed panel has suggested a relook at handling of cargo at Centre-owned ports.
The study is one of many about how to aid world fisheries, hit by pollution and over-fishing. Tourism draws almost 600,000 people annually to watch sharks from hammerheads to great whites, supporting 10,000 jobs in 29 countries, it said.
State-owned SAIL today said its production of value added steel rose 4 per cent to over 5 million tonne (MT) in 2012-13 fiscal as it added several new products in its portfolio.
Apple shares have shed roughly a quarter of their value since hitting USD 705 in September, but one analyst still sees growth opportunities for the tech company, particularity in the smartphone market.
Mobile apps maker OnMobile was in damage control mode as it faced shareholders for the first time since promoter Arvind Rao's alleged attempt to misappropriate funds came to light, CNBC-TV18's Vineetha Athrey reports.
FMCG firm Marico's first quarter net profit rose better-than-expected 46% year-on-year to Rs 124 crore, helped by strong volume as well as value growth.