Infosys, Wipro share price show lingering pain for India’s $280-billion IT industry| Business News

How the stocks of Infosys Ltd. and Wipro Ltd. have moved today, a day after their quarterly results, is emblematic of a wider problem afflicting India’s $283-billion IT services industry. A software professional at work. (Unsplash) The Nifty IT index, a gauge of India’s 10 largest IT firms is down 1.9% since bellwether Tata Consultancy […]

Gold price hits record high, silver price eases amid US Fed rate-cut, US-China trade woes| Business News

Gold prices rose to a fresh record to just shy of the $4,200-per-ounce levels on Wednesday, after Jerome Powell hinted at more US Fed rate cuts and amid US-China trade war. The safe-haven gold has gained 59% year-to-date, driven by multiple factors. (Reuters) Spot gold was up 0.9% at $4,178.15 per ounce, as of 0448 […]

Tata Motors PV share price falls over 5% after Tata Motors demerger takes effect| Business News

The Tata Motors demerger takes effect today to list the trucks and car units separately on India’s stock exchanges. Tata Motors PV share price, pegged at ₹400, fell as much as 5.53% to ₹376.90 apiece on the BSE after a special pre-open price discovery session. Tata Group Chairman N. Chandrasekaran has pitched the demerger as […]

Silver price hits all-time high of $53 as London squeeze sparks market havoc| Business News

Silver prices touched an all-time high near $53 an ounce, as a historic short squeeze in London added momentum to a rally that’s been fueled by surging demand for safe-haven assets. Some traders to book cargo slots on transatlantic flights for silver bars—an expensive mode of transport typically reserved for gold—to profit off higher prices […]