Business

As concerns rise over the Nasdaq 100, which faces risks surpassing $2 trillion this month, investors are questioning the viability of major AI investments. With firms like Meta and Alphabet boosting their spending projections, uncertainties around profitability loom large. However, positive results from Microsoft and SpaceX provide a hopeful contrast to an otherwise declining market.

Reliance Industries Limited announced impressive figures for FY27, with consolidated gross revenue peaking at Rs 3,62,268 crore. The company experienced a remarkable profit growth of 33.8%, reaching Rs 29,550 crore, largely due to a stellar 67.9% rise in oil-to-chemicals segment EBITDA. While retail revenue saw a 6.4% improvement, challenges persisted in that sector. Moreover, the

Gold and silver prices have plummeted to their lowest in a year as energy costs surge and inflation remains a pressing concern. The decline in precious metals mirrors waning investor confidence, driven by fears over persistently high interest rates set by the US Federal Reserve. Furthermore, weak demand from major Asian markets is further stifling

In the week ending October 23, India witnessed a decline in foreign exchange reserves, dropping by $1.269 billion to a total of $719.748 billion. This decrease was primarily driven by a notable reduction in the value of gold reserves. However, foreign currency assets saw a rise of $1.358 billion, reaching $593.205 billion.

In its Q2 FY27 report, Jio Platforms recorded a robust net profit increase of 13.7% year-on-year. Operational revenues surged to Rs 40,475 crore, marking an 11.4% rise. The company welcomed 9.1 million new customers, pushing its total to 542.4 million. Furthermore, average revenue per user (ARPU) improved to Rs 218.8, driven by heightened data usage,

Sanrio has come under fire in China for its collaboration with the Japanese drama VIVANT, which many viewers found offensive. The show’s depiction of a fictional Chinese intelligence agency apprehending Japanese spies has ignited fierce online backlash. In response to the criticism from the public and state media, Sanrio’s Chinese branch announced it would end