Gold prices fell, following its biggest plunge in more than a decade, and silver whipsawed in choppy trading after a dramatic pullback from record highs. A one kilogram gold bar at a Goldenmark bullion dealer arranged in Warsaw, Poland. (Bloomberg) Spot gold fell as much as 6.3% on Monday. Silver swung sharply, dropping to around […]
The sell-off echoed the 1980 “Silver Thursday” collapse, as investors booked profits amid shifting global macroeconomic signals. The precious metals complex had its worst day since March 27, 1980, while gold and silver prices recorded their largest single-day decline in the Indian futures market on Friday. Silver futures dropped below ₹3 lakh a kg, while […]
Check out what’s clicking on FoxBusiness.com. Apple’s iPhone 17 was a big seller over the holiday period, with sales jumping by nearly a quarter for the tech giant. CEO Tim Cook, in an interview with FOX Business, called the results “staggering.” Apple pulled in $143.8 billion in revenue in its fiscal first quarter and grew […]
Investors lost over ₹16 lakh crore in market value this week as India’s main stock market indices, the Nifty 50 and the BSE Sensex, closed lower due to heavy selling and the rupee slipping to a record low against the US dollar. On Friday, the rupee touched 92 per dollar before recovering slightly to finish […]
Jio Platforms Ltd. is said to have chosen Morgan Stanley and Goldman Sachs to lead its blockbuster IPO that would peg the valuation of India’s largest telecom operatort at $133-182 billion. The Jio Platforms IPO is likely to an even split of new shares and those offloaded by existing private-equity shareholders. (Bloomberg) The digital unit […]
Jio Platforms Ltd. plans to offload shares equivalent to 2.5% stake in its IPO planned for 2026, a move that could make it the country’s largest-ever IPO worth more than $4 billion. Jio Platforms IPO is the most highly anticipated IPO of 2026. (Bloomberg) The company, led by Mukesh Ambani, is the parent of India’s […]
Nvidia Corp. is said to have agreed to buy AI chip startup Groq for $20 billion cash, in what is potentially its biggest acquisition till date. Nvidia CEO Jensen Huang. At the end of October, Nvidia had $60.6 billion in cash, up from $13.3 billion in early 2023. (AFP) Groq is expected to alert its […]
India is drawing fresh attention from global fund managers looking to diversify equity investments in the coming year as worries over an AI bubble mount. With the AI frenzy fading and India’s stock valuations falling back near their five-year average after sharply trailing peers this year, the consumption-driven economy is back in favour. (Reuters) Aberdeen […]
A major price drop has landed on Flipkart, and it’s aimed squarely at the iPhone 16 Pro Max. The platform has rolled out what it calls one of its biggest reductions yet. The offer is tied to limited stock and early access. Once those run out, the number disappears. Flipkart announces its biggest price cut […]
Of all the Sephora stores that have gone through the beauty retailer’s new redesign, the Champs-Élysées flagship in Paris is probably the most glam. There’s a long red carpet, high ceilings and a giant table for everything that’s trending on social media. Representative image. “They say that this store gets more visits than the Eiffel […]