COST Financial News

Gold And Silver Prices Today: Gold prices experienced a slight decrease on Thursday. The price of 24 carat gold in Delhi is Rs.6319.2 per gm, a decrease of Rs.3.0, while the cost of 22 carat gold is Rs.5788.3 per gm, down by Rs.4.0. The price change in 24 carat gold over the last week has been -2.17%, whereas in the last month it has shown a decrease of -0.05%.

Ajay Bagga, Chairman, Elyments Platforms, says “wherever there is a compliance whiff also I think you are best served by sticking to the straight and narrow. If you want to take that kind of risk on smallcaps that is okay, on a 30-stock portfolio you say okay 2% or 5% I will risk on a couple of smallcap stocks but in a centre of plate or large companies to see governance issues or compliance issues, that becomes a very big red flag and especially in India. When you have so many alternatives, why go down that route?” What is happening to the markets? We reached fresh high levels and then this sudden bout of profit booking comes in. Do you think we are close to the top for the year or at least for the first half of the year? Ajay Bagga: Difficult to say that. But I think the big trend is that foreign investors have been selling as a cohort. Within that, there are different types of investors, of course. But FII selling is one characteristic of this market.

Artificial intelligence (AI) image generators are still struggling with getting human fingers right. They are not taking away human jobs anytime soon. If that does not settle doomsday prophesies, let us discuss it logically.

mutual fund product that earns them more than bank deposits with high tax efficiency could consider the new fund offer of the Parag Parikh Dynamic Asset Allocation Fund. The scheme is structured to bet on a mix of stocks, bonds, and equity arbitrage opportunities. While most mutual fund schemes in the balanced advantage or dynamic asset allocation categories are equity-oriented, this scheme will maintain the equity allocation between 35% and 65% to make it eligible for the indexation benefits announced by the government in the Union budget for 2023-24. The portfolio will have a 10-20% allocation to equities, some in arbitrage (to reach between 35-65%), and the rest in fixed-income securities. This structure ensures indexation benefits for investors who hold on to the scheme for more than three years.

Arun Mathew, a Silicon Valley-based partner at venture capital fund Accel, focuses on investments in the enterprise space, SaaS (software-as-a-service), cloud and security. Mathew, who is also involved in Accel’s Indian portfolio firms like Freshworks and BookMyShow, is bullish about the SaaS ecosystem, highlighting the engineering talent now available to join these companies along with the cost advantages of building global firms from here.

First, there were trackers on Taylor Swift and other celebrities’ private jet usage

A new report says activists want stricter regulations of short-term rentals in Puerto Rico as the U.S. territory sees a growing number of displaced renters and a spike in housing costs

Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing inflation

Edmunds answers five of the most crucial questions about buying an EV

Hundreds of farmers have driven their tractors into central Madrid as part of ongoing protests against European Union and local farming policies

The Supreme Court’s conservative majority appears skeptical of the federal government’s argument that the Environmental Protection Agency should be allowed to continue enforcing its anti-air-pollution rule in 11 states

Hub is looking to extend its reach among American small business owners with the launch of a new retirement plan option. The Chicago-based insurance broker has unveiled the Hub Retirement Select PEP, a pooled employer plan geared toward independent businesses that employ fewer than 100 workers.

Circle Squared Alternative Investments founder Jeff Sica discusses whether the Fed will cut interest rates in 2024 on 'Varney & Co.'

Olivia Rodrigo is embarking on a tour to promote her album and the Grammy-winning pop star's Guts World Tour has sold out. This happened even after organisers had announced additional tour dates. Rodrigo's world tour will cover Los Angeles, London, Seattle, and San Francisco, according to a report in The Hollywood Reporter. Olivia Rodrigo's world tour tickets can be purchased from SeatGeek, GameTime, Ticket Liquidator, StubHub, VividSeats, and Ticket Network. More tickets will be distributed by Ticketmaster. These tickets will worth $20 tickets, as per the report.

India is poised to overtake China as the largest member of the World Trade Centers Association (WTCA) in the next five years, its chairman said, underscoring a hitherto circumspect New Delhi's rapid global strides that neatly dovetail into a China-plus-one corporate sourcing strategy aimed at derisking supply chains across the planet. «I would say, particularly in the past 10 years, India's presence on the global stage has become increasingly pronounced,» said John E. Drew, Chairman of the WTCA, an international trade platform that connects more than 300 WTCs in nearly 100 countries. «While India's growth trajectory has been ongoing, its recognition and active participation in major economic discussions alongside China, the US, Russia, and the EU signify its emergence as a significant player in the global economy,» he said. Currently, India has about 40 WTC licensees covering more than 30 cities. According to the real estate developer, a large number of Indian entrepreneurs establishing successful companies in the US, particularly in tech hubs like California and Massachusetts, further strengthened India's influence in global business. «I expect this trend to continue, paralleling the trajectory seen with Chinese entrepreneurship,» he said.

India will allow foreign airlines to operate non-scheduled cargo flights from all international airports in the country for three years, lifting 2020 curbs that had restricted them to six — Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai. This followed lobbying by exporters against the restrictions. While India had an open sky policy in air cargo that allowed unhindered movement by foreign airlines, the government amended it in 2020 to give Indian carriers a boost. However, exporters have been protesting that goods capacity had shrunk as Indian carriers failed to deploy enough aircraft to meet demand.

Canadians might have to pay more for chocolate and candies this Easter as manufacturers feel the crunch of high cocoa prices, which peaked earlier this month.

₹6 trillion. Data from DSP Mutual Fund shows the six-month average volume of a large liquid stock like Reliance Industries Ltd (RIL) is ₹1,948 crore vs ₹78 crore volume of Nippon India ETF Nifty 50 BeEs, one of the most liquid equity ETFs in India (4% of RIL). The six-month average volume of Apple is nearly 26.15% of the SPDR S&P500 ETF. What are your suggestions to tackle the liquidity problem in ETFs? On the NYSE, 5 out of the top 10 traded securities are ETFs.

₹3.94 trillion. PSUs are asset rich for one. There’s been favourable revaluation of these assets (land, plant and machinery) given the exorbitant cost of replacing these at current prices.

dedicate to the nation two new Pressurised Heavy Water Reactors (PHWRs) with a cumulative capacity of 1,400 megawatt at Kakrapar Atomic Power Station (KAPS) in Surat district and inaugurate or lay the foundation stone of multiple projects during his day-long visit to Gujarat on Thursday, officials said on Wednesday. The new Unit 3 and Unit 4 at KAPS, each having capacity to produce 700 MW of electricity, were built by the Nuclear Power Corporation of India Ltd (NPCIL) at a cost of over Rs 22,500 crore and they are the largest indigenous PHWRs in the country, said a PIB release. «They are first of its kind reactors and have advanced safety features comparable with the best in the world. Together, these two reactors will produce about 10.4 billion units of clean electricity per year and benefit consumers of multiple states like Gujarat, Maharashtra, MP, Chhattisgarh, Goa and Union Territory of Dadra and Nagar Haveli and Daman and Diu,» the release said.

 Realtor.com chief economist Danielle Hale breaks down housing affordability on 'Maria Bartiromo's Wall Street.'