Apple Inc. has regained its position as the world’s most valuable company. Nvidia’s stock experienced a sharp decline, reducing its market capitalization significantly. Investors are now favoring companies with strong long-term growth prospects over AI boom beneficiaries. Apple’s recent share surge and China’s approval for Apple Intelligence support its valuation. HSBC upgraded Apple’s stock, citing
RIL results: Revenue from operations rose 25% year-on-year to Rs 3.11 lakh crore in the June quarter, compared with Rs 2.48 lakh crore in the same quarter last year. Quarterly EBITDA increased 10% from a year earlier to Rs 54,067 crore.
The S&P 500 declined 1.3%, putting it on course for its first weekly loss in three weeks and only its third losing week in the past 16. As of 9:35 a.m. Eastern time, the Dow Jones Industrial Average had fallen 451 points, or 0.9%, while the Nasdaq Composite was down 2.1%.
India’s current account deficit is projected to widen significantly by fiscal year 2027. Higher crude oil and commodity prices will drive this projected increase in the deficit. Merchandise imports grew faster than exports in June, widening the trade gap. Petroleum exports saw a substantial sequential decline during the same period. Services sector surplus narrowed, though
LPG subsidy spending may surpass one lakh crore rupees in FY27. This projection significantly exceeds the budget’s thirty thousand crore rupee allocation. Higher fuel prices and ongoing war uncertainty are driving this increased subsidy burden. Government finances face pressure from these rising subsidy commitments. Capital expenditure is expected to remain measured during the first half
India’s first bullet train project between Mumbai and Ahmedabad is progressing well. Initial operations will commence using Indian high-speed trains in 2027. Japan’s next-generation E10 Shinkansen trains will be introduced later, after 2030. The first operational stretch will connect Surat and Bilimora in Gujarat. This initiative significantly reduces travel time between the two major cities.
NITI Aayog proposes six national initiatives for India’s biotechnology sector. This roadmap aims for a $691 billion bioeconomy by the year 2035. These missions will strengthen capabilities in healthcare and agriculture. They also focus on industrial biotechnology and disease surveillance. The plan includes a Rs 50,000-crore growth fund.
With the launch of a hydrogen train, India has undoubtedly taken a big leap in the sphere of greener transportation. India’s first hydrogen-powered train has 10 coaches, with the capacity to carry 2,600 passengers. It will run between Jind and Sonipat in Haryana.
Gold price prediction today: Gold prices are favouring a buy on dips strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.
Asian stock markets experienced significant selling pressure on Friday. Japan’s Nikkei 225 and Taiwan’s benchmark saw sharp declines. Concerns over artificial intelligence stock valuations and Middle East conflict weighed on investors. Oil prices extended gains as Middle East tensions escalated. US futures traded lower following a mixed session on Wall Street.
