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capital on Wednesday due to poor offtake by stockists and retailers amid weak global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity fell by Rs 150 to Rs 78,850 per 10 grams. It had closed at Rs 79,000 per 10 grams in the previous session. Price of gold of 99.5 per cent purity extended the losses for the third straight day, declining by Rs 150 to Rs 78,450 per 10 grams from the previous close of Rs 78,600 per 10 grams.

Subscribe to enjoy similar stories. The global economy is set to grow at slightly a faster pace next year as inflation continues to cool, but could falter if tariffs rise and governments fail to narrow wide budget deficits, the Organization for Economic Cooperation and Development said Wednesday. In a quarterly report, the Paris-based research body said it now expects the world economy to grow by 3.3% next year, a pickup from the 3.2% rate of expansion it estimates for this year.

Subscribe to enjoy similar stories. OpenAI said it would set up a new office in Zurich, Switzerland, as part of efforts from the ChatGPT maker to bolster its presence in Europe as the continent emerges as a key battleground for regulating artificial intelligence. The startup said Zurich would be its fifth location in Europe after opening offices in Dublin, London, Paris and Brussels over the past two years.

Anti-Defamation League (ADL) CEO Jonathan Greenblatt says a new study found Jewish American job candidates needed to send 24.2% more applications to receive the same number of positive first responses from employers.

According to the PwC 2024 Global Investor survey, 74% of investors argued businesses should «invest in or cover to invest in upskilling their workforce» alongside AI, as 32% said the technology would lead to an increase of 5% or more in headcount numbers, similar to the levels of those who forecasted little to no change in hiring figures (31%). The latest findings came in the context of AI gaining traction across industries, including in the financial services sector, where three-quarters of UK firms are already using the technology, recent research by the Bank of England and Financial C...

Ashok Leyland Ltd. rose 1.01 per cent to Rs 234.20 in Wednesday's trade. It hit an intraday high of Rs 236.45 and low of Rs 232.20, respectively, during the day. The stock quoted a 52-week high price of Rs 264.70 and low of Rs 157.65.

Colgate-Palmolive (India) Ltd. 0.1 per cent to Rs 2893.15 in Wednesday's trade as of 02:00PM (IST). The stock hit a high price of Rs 2913.85 and low of Rs 2846.00 during the session.

Subscribe to enjoy similar stories. NATIONAL CLIMATE policies are a relatively recent invention. In 1997, according to the Grantham Institute, a think-tank at the London School of Economics, there were 60; by 2022 the number had risen to almost 3,000.

Tata Power Company Ltd. 0.66 per cent to Rs 425.95 at 12:39PM (IST) in Wednesday's trade. The counter hit a high of Rs 432.00 and low of Rs 424.40 so far during the session. The stock had closed at Rs 428.80 in the previous session. The counter had a total traded volume of 12:39PM shares so far with a turnover of Rs 16.04 crore on BSE. The stock traded at a price-to-earnings multiple of 36.32 and a price-to-book ratio of 3.89.

PI Industries Ltd. 1.86 per cent to Rs 4217.00 at 12:44PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 4219.60 and low of Rs 4098.20 so far during the session. The stock had closed at Rs 4139.60 in the previous session. The counter has had a total traded volume of 2587 shares so far with a value of Rs 1.07 crore on the NSE. It traded at a price-to-earnings multiple of 35.25 and a price-to-book ratio of 6.74.

New research shows that nearly three out of 10 U.S. drugstores that were open during the previous decade had closed by 2021

Voltas Ltd. 0.12 per cent to Rs 1690.00 in Wednesday's trade as of 11:43AM (IST). The stock hit a high price of Rs 1704.15 and low of Rs 1686.80 during the session.

Vedanta shares are in focus today, December 4, after Crisil Ratings upgraded its rating on the company's long-term bank facilities and debt instruments from 'AA-' to 'AA'. The upgrade reflects improved capital structure, better financial flexibility, and robust volume growth. Crisil highlighted significant improvement in Vedanta's consolidated operating profitability (EBITDA) and reduced debt and leverage below rating thresholds as key factors behind the revision.

Girija Shankar Ray, Vice President Equity Research, Yes Securities, says among top picks within the cement sector, ACC can be recommended. The second one is Shree Cement. These two companies are going to do well, even though there is trouble in the industry right now. A lot of cost initiative programmes are going to happen. But for UltraTech and Ambuja, valuations are higher and for Ambuja, whatever acquisitions they have done, it is going to ultimately benefit ACC. So, ACC is his top pick. Ambuja will have a sell rating, as will UltraTech because it has very high valuations. One can add Birla Corp, Dalmia in their portfolio. There are reports doing rounds that there has been a price hike of almost Rs 10 to Rs 30 taken in December so far. What are your channel checks suggesting? Is that something that you are picking up as well? Girija Shankar Ray: So, yes, in November, a price hike was what the Street and the dealers and distributors were expecting for cement, but there was no price hike. In fact, in October and November, on a month-on-month basis, the prices are flattish. The prices are five years below the line right now. And the major impact was in southern regions. In the north and eastern regions, prices are more or less stable. In the other three regions, the prices have actually declined. There was a sharp correction. I believe the prices have bottomed out.

HEG and Graphite India, surged in Tuesday's trading after China introduced a stricter review process for end-use of graphite exports to the US. Analysts said sentiment in these shares perked up on expectations restrictions by China could drive up demand for Indian graphite makers. HEG's shares soared 14.2% while Graphite India gained 9.1%. Key indices rose 0.7% each, while the BSE 500 index gained 0.8%.

credit card additions at Indian lenders even through the festive season, with analysts anticipating a circumspect approach from banks as pockets of the consumption economy show signs of a demand fatigue. Latest Reserve Bank of India (RBI) data published recently showed credit card additions fell almost 50% year-on-year in October, taking the total card base to about 107 million. Lenders added 786,000 new cards for the month over September. «Net new card additions are expected to moderate in the near term due to rising delinquencies in the credit card receivables,» said Bunty Chawla, research analyst at IDBI Capital Markets. «Most lenders remain cautious on new card disbursements also due to RBI's risk weight norms. Though we expect card spends to remain range bound in the coming months.»

Finance has lost 16% on bourses over the past three months amid rising regulatory scrutiny over the micro finance and unsecured consumer finance segments. While the company’s 26% loan book is comprised of microfinance segment, its exposure to highly leveraged customers in this category is just under 5%. In addition, the lender continued to grow loan book in the September quarter while retaining asset quality and interest margin, and improving return ratios. Analysts have a buy call on the stock given the company’s focus on the retail segment, initiative to improve asset quality and an attractive valuation. L&T Finance is a pan-India lender with presence across 20 states and two union territories through 209 branches and 1,934 micro finance meeting centres. Its loan book grew by 18% year-on-year to Rs 93,015 crore at the end of September 2024. Of this, retail finance including farm equipment, rural business, urban and small and medium enterprises (SME) finance formed Rs 88,975 crore.

Bank of India (RBI) likely sold dollars to cap weakness in the local currency, traders said. Along with the dollar's rally, the Chinese yuan also weakened to counter the trade tariffs effect, adding pressure on the local currency. Analysts expect the pressure on rupee to continue during December and January, as inflows from foreign portfolio investors are not expected at least till January.

Subscribe to enjoy similar stories. Pat Gelsinger’s quest to save Intel has come to an abrupt end. Whoever runs the storied chip maker next is still going to have to pull off a heroic feat.

Subscribe to enjoy similar stories. More Americans are looking to switch jobs than at any point in the past decade. In a cooling job market, that’s a lot easier said than done.

The NFO period begins from 26th November to 10th December, 2024. With a focus on disciplined allocation across large-cap, mid-cap, and small-cap segments, the fund leverages structural tailwinds such as improved access to talent, capital, and markets, alongside trends like export growth, premium consumption, and financialization. Balancing diversification with a robust stock selection process, Tiwari highlights the fund’s commitment to being a true-to-strategy multicap offering, designed to create sustainable wealth for investors. Edited Excerpts -