The US economy faces unprecedented uncertainty due to a prolonged government shutdown, halting crucial economic data. This data blackout, the longest in history, leaves economists and policymakers like the Federal Reserve struggling to assess the labor market’s health and inflation trends, akin to driving in heavy fog.Read More
Cost-conscious investors can consider the Nifty Next 50 index fund for value in large-cap stocks, offering higher earnings growth potential and reasonable valuations. This index provides diversification with exposure to unique industries and lower concentration risk compared to the Nifty 50, making it an attractive option for long-term investors.Read More
Tata Consumer Products experienced significant sales disruption for brands like Capital Foods and Organic India during the GST rate cut transition, exceeding expectations. While the ready-to-drink business remained unaffected due to impulse buying, other categories saw a slowdown as trade partners adjusted to new pricing.Read More
OpenAI has signed a seven-year, $38 billion deal to buy cloud services from Amazon.com, in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom.Read More
The Indian market ended flat on Monday, with investors taking a breather after the Sensex and Nifty posted the strongest monthly rally in seven months.Read More
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