SEBI has closed its probe into Adani Group after over two years, rejecting Hindenburg’s allegations. Gautam Adani hailed the move as vindication, stressing transparency, integrity, and the group’s efforts to rebuild investor confidence since the 2023 rout.Read More

Gold prices dropped by Rs 600 to Rs 1,13,200 per 10 grams in the national capital on Thursday, tracking weak local demand and a stronger dollar after the US Federal Reserve’s cautious policy stance dampened investor appetite for the precious metal.Read More

Indian indices extended gains on Thursday, led by IT and pharma stocks, with Nifty supported by dovish Fed cues. Analysts recommend buy-on-dips with stock picks including KFin Technologies, Ashok Leyland, Axis Bank, and Dr Reddy’s Laboratories.Read More

Intel shares soared over 30% in pre-market trade after announcing a $5 billion investment from Nvidia and a landmark collaboration to co-develop custom data center CPUs and x86 RTX SOCs for PCs, integrating NVIDIA’s AI and Intel’s CPU strengths.Read More

The market valuation of Eternal Ltd, which owns the Zomato and Blinkit brands, surged to Rs 3.26 lakh crore on Thursday following a rally in its stock price, with the company racing ahead of firms like Hindustan Aeronautics, Titan, Avenue Supermarts and Adani Ports in the market capitalisation chart.Read More

Trading began positively on Wall Street. This followed the U.S. central bank’s decision to lower interest rates by a quarter-point. Intel saw a boost as Nvidia planned to invest in the company. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced gains at the opening bell. Market responded favorably to these developments.Read More

Pine Labs plans to raise up to $700 million via IPO in October, scaling down from $1 billion earlier. Backed by Mastercard and PayPal, the fintech firm eyes India’s digitization-driven boom despite reporting losses in FY24.Read More

Capital markets regulator Sebi’s chief Tuhin Kanta Pandey on Thursday said there is a need to “accelerate” monetisation of government-held assets in sectors such as railways, roads, airports and energy to help funnel investor money into such projects.Read More

Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it will invest $5 billion in its rival. Intel’s stock price was up by more than 25 percent, to $31.25 a share on Wall Street, hours after Nvidia said it would come to the aid of one of Silicon Valley’s most iconic companies,...Read More

Strong overnight gains have Wall Street poised to open at record highs Thursday following the Federal Reserve’s first interest rate cut in nine months.Read More