Metal major Vedanta's shares fell nearly 4% on Wednesday to hit the day's low of Rs 471 after its demerger plans received another setback. The government reportedly doubled down its objection, accusing the proposed demerger scheme of being a tactic to hinder the recovery of its dues.
Klairmont Kollections Museum in Chicago is closing, with nearly 300 vehicles going up for auction this weekend and a last chance to see the museum on Friday.
Indias massive gold holdings, totaling nearly $3.5 trillion across households, RBI, and religious institutions, highlight its economic resilience. Gurmeet Chadha countered the dead economy tag amid global uncertainties, citing robust Q1 FY26 GDP growth of 7.8% and strong domestic consumption, services, and manufacturing, underscoring Indias sustained financial strength.
The costs associated with owning a home insurance, property taxes, maintenance, utilities are surging, causing younger adults to feel further disconnected from the lives they envisioned.
Jefferies Chris Wood warned that Wall Streets AI-driven rally could end in a massive overinvestment bust as hyperscalers ramp up $350 billion in AI capex. He cautioned that stretched valuations and retail-driven buying may trigger a sharp correction once sentiment shifts.
Sanjay Bakshi, also known as Fundoo Professor, has criticized India's sovereign gold bond (SGB) scheme, deeming it a flawed government borrowing program. He points to the high effective borrowing cost, exceeding 19% annually, and the lack of risk management. The scheme, designed to curb gold imports, has turned into a costly liability for taxpayers.
MCX shares rose sharply after Sebi Chairman Tuhin Kanta Pandey signalled plans to let banks, pension funds, and FPIs participate in commodity trading. The move is expected to deepen markets, boost liquidity, and drive higher institutional participation in exchanges like MCX.
