Buisiness

Nvidia first-quarter earnings results (AP) Nvidia announced impressive first-quarter results on Wednesday, reporting a 69% year-over-year increase in revenue, reaching $44.1 billion, surpassing Wall Street’s forecast of $43.28 billion. However, the company’s net profit of $18.78 billion was slightly below the anticipated $19.49 billion.Earnings per share came in at 73 cents, an increase from 61…

NEW DELHI: Banks will remain closed in Himachal Pradesh on Thursday, May 29 in observance of Maharana Pratap Jayanti, according to the Reserve Bank of India’s (RBI) state-wise holiday calendar.However, banks in the rest of the country will function as usual.Maharana Pratap Jayanti honours the birth anniversary of Maharana Pratap Singh, a legendary Rajput warrior…

Gold prices have resumed their primary upward trend after a brief consolidation phase. (AI image) Gold and silver price prediction: MCX Gold and MCX Silver have shown considerable fluctuations recently, influenced by global political events and the impact of Donald Trump’s decisions regarding tariffs on market confidence. Despite gold’s conventional status as a secure investment…

Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Chennai Petroleum Corporation, LTIMindtree , and Zydus Lifesciences are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for May…

US President Donald Trump (Pic credit: AP) As Wall Street weathers several waves of tariff threats from US President Donald Trump, a new trading mantra is catching on among investors: TACO, short for Trump Always Chickens Out.Coined by Financial Times commentator Robert Armstrong, the term refers to a market pattern that has emerged during Trump’s…

Finance minister Nirmala Sitharaman Mumbai: Finance minister Nirmala Sitharaman on Tuesday asked public sector general insurance companies to develop innovative products for emerging risks such as cyber fraud and diversify their portfolios to meet evolving consumer demands.She reviewed the performance of public sector general insurers – New India Assurance, United India Insurance, Oriental Insurance, National…

PepsiCo India Holdings Pvt Ltd reported a consolidated profit of Rs 883.39 crore and revenue from operations of Rs 9,096.62 crore for the calendar year 2024, according to a regulatory filing with the Registrar of Companies (RoC).The company’s total consolidated income, which includes other income, stood at Rs 9,268.04 crore for the year. This marks…

Vikram Singh Mehta named new Chairman of IndiGo IndiGo, India’s largest airline, appointed Vikram Singh Mehta as its new Chairman on Wednesday, replacing Venkataramani Sumantran. Mehta has served on the Board of InterGlobe Aviation Ltd (IndiGo) since May 2022.IndiGo confirmed that Mehta takes over from Sumantran, who concluded his five-year tenure as a board member,…

US stocks held steady Wednesday, maintaining their momentum after a sharp rebound brought major indexes within striking distance of record highs. Investors are eyeing corporate earnings, particularly from Nvidia, while digesting mixed global signals and recent retail sector updates.The S&P 500 rose 0.1% in early trading, continuing a steady climb driven by optimism that the…

NEW DELHI: India’s data centre (DC) sector attracted investments totalling approximately $15 billion since 2020 and is expected to witness an additional $20–25 billion in funding over the next six years, according to a report by real estate consultancy Colliers. Driven by a surge in cloud computing, artificial intelligence adoption, and digital transformation, India’s data…