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Deepak Kumar Business November 16, 2024

Gold set for worst week in 3 years as US dollar rallies

Gold, traditionally seen as a safe haven during times of uncertainty, has recently found itself under significant pressure, as it is set to experience its worst week in three years. The precious metal, which had been performing relatively well in 2023 amid geopolitical tensions, inflation concerns, and market volatility, has
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Deepak Kumar Business November 16, 2024

Zepto’s cash burn zooms to Rs 250 crore a month on rising capex, closes Rs

Zepto, India’s rapidly growing quick commerce startup, is facing a significant cash burn, as it spends an estimated Rs 250 crore per month to expand its operations and build its market presence. This rising cash burn rate is primarily attributed to the company’s aggressive investments in capital expenditures (capex) and
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Deepak Kumar 42.88 Cars November 16, 2024

45 lakh target missed, but new record set as 42.88 lakh vehicles sold in festive

The Indian automotive industry recently celebrated a significant achievement, albeit with a slight sense of unmet expectations, as it wrapped up the festive season sales figures for 2024. While the target of 45 lakh vehicle sales during the festive period was missed, the industry still set a new record by
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Deepak Kumar Artificial Intelligence November 16, 2024

‘Artificial General Intelligence Is Decades Away…’: Princeton Prof’s Big AI Prediction | HTLS 2024

At the 2024 Hindustan Times Leadership Summit (HTLS), one of the most highly anticipated sessions centered around the future of Artificial Intelligence (AI) and its impact on society. A notable highlight came when Professor Andrew Appel, a renowned computer science expert from Princeton University, made a bold prediction about the
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Deepak Kumar Business November 16, 2024

FIIs are mostly done with selling in Indian markets, says Samir Arora of Helios

In a key statement reflecting the current mood in India’s stock markets, Samir Arora, the founder and fund manager of Helios Capital, recently remarked that Foreign Institutional Investors (FIIs) are “mostly done with selling” in Indian equities. His assertion provides significant insight into the shifting dynamics of foreign investment in
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Deepak Kumar Business November 16, 2024

JioStar won’t limit itself to premium subscription model, says Uday Shankar

In a rapidly evolving digital entertainment landscape, JioStar, the ambitious over-the-top (OTT) platform launched by Reliance Jio, is making waves with its bold vision of transforming the way content is consumed in India. Uday Shankar, the newly appointed head of Jio’s media and entertainment vertical, recently shared crucial insights into
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Deepak Kumar Business November 15, 2024

‘I am sorry, I have not changed my view…’: Narayana Murthy calls India’s transition to

Narayana Murthy, the co-founder of Infosys and one of India’s most respected business leaders, has been vocal about his concerns regarding the recent shift towards a 5-day workweek in India. His comments have sparked widespread discussion, especially given his prominent role in shaping India’s IT industry. Despite the growing global
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Deepak Kumar Business November 15, 2024

Gold Prices At 2-Month Low: Why Are Bullion Rates Falling, What’s Next?

Gold, often seen as a safe haven investment during times of economic uncertainty, has recently seen a significant decline in its price, dropping to a two-month low. For investors, the drop in gold prices raises critical questions: Why are bullion rates falling, and what can we expect next for this
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Deepak Kumar Business November 15, 2024

Is anyone crazy enough to audit Super Micro Computer?

In recent years, few companies have attracted as much attention and scrutiny as Super Micro Computer Inc. A global leader in high-performance server hardware and solutions, Super Micro has long been a key player in the technology and data center industries. However, the company found itself embroiled in one of
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Deepak Kumar 2031 November 15, 2024

Indian Economy To Touch $7 Trillion Mark By 2031: Report

India’s economy is on an accelerated growth path, and projections suggest that it will touch the $7 trillion mark by 2031, making it one of the largest economies in the world. This optimistic forecast reflects India’s strong growth potential, driven by structural reforms, a young and dynamic workforce, increasing consumption,
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