India’s currency and stock markets faced a major setback after escalating tensions in the Middle East triggered panic across global financial markets. The Indian rupee plunged past ₹92 per US dollar for the first time in history, while stock markets suffered heavy losses, wiping out nearly ₹9.7 lakh crore of investor wealth in just two…
Reliance Industries Ltd had a weak start to 2026, losing nearly Rs 1.4 lakh crore in market capitalisation. The stock is down about 7% so far this year, dragged by concerns over exposure to Russian crude and slowing growth in organised retail. The fall comes after a strong 2025, when the Mukesh Ambani led company’s…
Nvidia’s market value has reportedly gone down nearly 5% (which is more than $150 billion in market value) based on a single report. A recent report by The Information claimed that Facebook parent Meta is considering using Google-designed AI chips. The stock price of the US-based chipmaker, which is also the world’s largest company by…
This week saw Facebook-parent Meta CEO Mark Zuckerberg fall from third to fifth place on the Bloomberg Billionaires Index. The plunge happened after Meta’ stock fell 11% on Thursday, October 30, wiping out $29.2 billion from Zuckerberg’s fortune in just one day. The drop was the fourth-largest one-day market-driven loss ever recorded by Bloomberg’s wealth…
The United States is nearing the longest federal government shutdown in history, having remained closed for the entire month with no resolution in sight. Economists have warned that the longer the impasse drags on, the greater the risk that the economy, already showing signs of strain, could shift from bending to breaking.“The economy is fragile…