Silver ETFs: In 2024, Silver ETFs have become a favored investment choice, experiencing significant growth in assets under management. A study conducted by ICRA Analytics reveals that Silver Exchange Traded Funds (ETFs) have shown impressive performance, surpassing that of gold ETFs over the past year. Silver ETFs have generated returns of up to 32.49% in the … Read more
Individual stock holdings in eight of the group’s 10 listed companies rose between December 2022 and September-end this year, according to quarterly shareholding data compiled by Bloomberg. This likely left retail investors exposed to last week’s $30 billion selloff in those shares after US charged Gautam Adani with helping drive a $250 million bribery scheme. … Read more
Hyundai Motor India Ltd.’s plan for one of India’s largest share sales may further boost valuations for the nation’s already-buzzing automakers. The listing may value the South Korean carmaker’s Indian unit at $25 billion, Bloomberg News reported previously. That would make it the nation’s fourth biggest automaker by market value, a milestone analysts say bodes … Read more
For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil Corp. as the world’s most valuable public company in 2011 and held the title almost without interruption. But a transfer of power has begun. On Friday, Microsoft surpassed Apple, claiming the crown after its market value surged by … Read more
Mumbai: Rajesh Exports‘ omission in filing a key report along with its audited financial results for the year ended March 2023 is raising eyebrows on Dalal Street. The gold refiner and manufacturer, which posted revenues of ₹3.4 lakh crore in FY23 and has a market value of over ₹17,000 crore, did not put out its … Read more
The US stock market is unusually top heavy. Just two stocks, Apple Inc. and Microsoft Corp., account for nearly 15% of the S&P 500 Index. Add smaller but still formidable giants Amazon.com Inc., Alphabet Inc. and Nvidia Corp., and that number climbs to 24%. That’s the highest concentration in the index‘s top five holdings since … Read more
Mumbai: The market capitalisation of , the country’s biggest lender, crossed ₹5 lakh crore on Wednesday for the first time ever. SBI shares, which gained 2.3% on Wednesday to hit an all-time high of ₹574.75, had a market value of ₹5.10 lakh crore. SBI is the third bank in the country to cross ₹5 lakh … Read more
NEW DELHI: Eight of the top-10 most valued companies together added Rs 1,28,503.47 crore in market valuation last week, with IT majors Tata Consultancy Services and Infosys leading from the front. The valuation of Tata Consultancy Services (TCS) jumped Rs 36,158.22 crore to reach Rs 11,71,082.67 crore, becoming the biggest gainer among the top-10 most … Read more
The world’s largest PE fund Blackstone is weighing its exit from Mphasis, the technology company it acquired from Hewlett Packard Enterprise in 2016, thereby paving the way for its biggest payday in India, according to multiple people aware. Blackstone has initiated discussions with at least three global investment banks JP Morgan, Morgan Stanley and Citi … Read more