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The outbreak of conflict in the Middle East is adding to a long list of concerns that has investors dumping developing-nation assets for the safety of the dollar. 

Reliance Industries Chairman Mukesh Ambani overtook Adani Group's Gautam Adani to become the richest Indian, Hurun India Rich List 2023 released on Tuesday showed. Adani in 2022 was ahead of Ambani by Rs 3 lakh crore. However, Ambani bridged the gap and trumped it in 2023 as his wealth was higher by Rs 3.3 lakh crore.

“What is it for?" is the essential question facing the cryptocurrency industry, including from regulators. Videogames have emerged as an answer—if only they could get rid of the speculators. The continuing trial of Sam Bankman-Fried, founder of collapsed exchange FTX, is a reminder that crypto has turned into a big bet on itself rather than the alternative to traditional finance it once promised.

Judo Bank revealed its plans to raise capital with one of the financial markets’ more arcane, and recently controversial, instruments – additional tier 1 hybrid bonds – on Tuesday.

«The risk to reward is clearly in favour of going long on the Bank Nifty at current levels given the fact that some of the midcap ITs have already rallied and we are seeing the kind of sharp rally in the real estate already in trade today,» says Aditya Agarwala, Invest4edu. DIIs are sitting on elevated cash levels who knows but it was just a one-day scare. Such a tragic and unfortunate event and on such a large scale unfolding in Middle East and what do we get, barely 1.5-2% cut on the smallcap index. To be honest we did get a bit of geopolitical tension and markets tend to correct significantly on back of geopolitical tensions, but to be honest markets had started correcting and showing signs of weakness much before this news came out and many a times what happens is whenever you have an event it tends to form a bottom for the market and from there it usually tends to inch higher. So, I could feel that this was one of the cases where markets were waiting for some kind of a negative news and we got a negative news in trade yesterday wherein markets corrected a bit. What was interesting to notice is Nifty did not break the highs of the hammer candle that we had gotten last week which was very interesting.

Genus Power Infrastructures hit a 5% upper circuit at Rs 273.8 in Tuesday's trade on BSE after the firm bagged an order worth Rs 3,115.01 crore for smart prepaid meters. In an exchange filing, Genus Power stated that its wholly-owned subsidiary had received two letters of awards totalling Rs 3,115.01 crore for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs), including the design of an AMI system and the supply, installation, and commissioning of 34.79 lakh smart prepaid meters, system meters, including DT meters, and associated energy accounting on a DBFOOT basis. The bidding procedure for smart meters has already started in many State Electricity Boards (SEBs), demonstrating the benefits of the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme.' «Our total order book now stands at over Rs 14,000 crore – which gives visibility into robust future revenue growth. We have a strong track record of delivering metering projects on time and within budget.

Energy Minister Chris Bowen has called on the Coalition to disclose cost estimates for replacing coal-fired power stations with nuclear power, claiming the opposition had been dishonest in suggesting it could be cheaper than renewables.

Ambuja Cements Ltd. traded 1.44 per cent up at Rs 436.25 at 11:26AM (IST) on Tuesday, even as BSE benchmark Sensex gained 385.11 points to 65897.5.

Comodo Motors General Manager Jordan Baker joins «The Big Money Show» to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

MSMEs and large firms, digital technology is a leveller for small enterprises, according to a pan-India survey done by the Indian Council for Research on International Economic Relations (ICRIER). The survey’s findings — which were released on October 9 in the report Annual Survey of Micro, Small, and Medium Enterprises (MSMEs) in India: Leveraging e-Commerce for the Growth of MSMEs — showed low awareness among MSMEs with regard to the benefits of integrating their operations with e-commerce platforms. Policymakers have to roll-out a multi-pronged strategy to change the status quo, it said. Mentioning some of the key benefits of leveraging e-commerce platforms for MSMEs, Radikha Kapoor, Professor at ICRIER, said, “E-commerce platforms have been found to enable them (MSMEs) to access wider markets, boosting their sales and revenue.

Donald Trump’s longtime finance chief is set to testify as the former president’s civil trial enters its second week

oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session. Gold rose the most since May on increased haven demand after tensions ramped up in the wake of the Hamas attack on Israel. On Monday, gold price on the Multi Commodity Exchange (MCX) for the December 2023 expiry contract opened higher at ₹57,000 per 10 gm levels and went on to hit an intraday high of ₹57,400 levels within a few minutes of commodity market's opening bell.

Cricket World Cup began in India last week, with economists and stock-market pundits showing more enthusiasm for the contest than spectators. Empty seats during the inaugural match in Ahmedabad — played in a stadium named after Prime Minister Narendra Modi — was a bit of a buzz kill. The hope is that attendance will pick up during the course of the two-month-long tournament.

Hollywood writers have voted almost unanimously to approve the contract agreement reached by their union leaders that ended a strike after nearly five months

The U

By Davide Barbuscia

Larry Charles said that he finds it offensive when movies cost $250 million and the world is in the state that it's in. Participating in the 'WTF With Marc Maron' podcast, he spoke frankly on why he steers clear of working on big-budget movies. Slamming the Hollywood studio system, he called it a “media monopoly system” in the US.

Rihanna headed out in New York City to celebrate A$AP Rocky's recent birthday. The couple appeared stylish as they marked the rapper's 35th birthday, a few days after his actual birthday on October 3. The rapper wore a light-colored jacket and slacks, while Rihanna donned denim pants and a jacket, pairing it with a tied white button-up, a visible black bra, dark sunglasses, and a massive jewel-encrusted ring on her left ring finger. It remains uncertain if the ring signifies an engagement. Rihanna and A$AP Rocky, who are parents to sons RZA and Riot Rose, were seen dancing together in a couple of videos shared on Twitter. One video showed them engaging in a dance-off to the tune of «Throw Sum Mo» by Rae Sremmurd, Nicki Minaj and Young Thug. This birthday gathering occurred soon after Drake released his album «For All the Dogs,» leading fans to believe he dissed Rihanna with lyrics like, «Why they make it sound like I’m still hung up on you?/ That could never be …» While neither Rihanna nor A$AP Rocky have publicly responded to Drake's remarks, fans took to social media to criticize Drake on Rihanna's behalf.

Bitcoin (BTC), the most valuable cryptocurrency in the world, could not break the $28,000 mark over the weekend, showing sluggish movement. 

The crypto market has recently witnessed significant developments, notably relating to Ethereum ($ETH), Maker ($MKR), and InQubeta ($QUBE). On the one hand, Ethereum surges past a crucial threshold, while Maker shows signs of momentum. Simultaneously, InQubeta, the crypto of the moment, also exhibits a promising upward trajectory.

Major airlines are suspending flights to Israel after it formally declared war following a massive attack by Hamas