Nvidia’s market cap reaches $4 trillion! US chipmaker only 5% shy of crossing India’s total GDP; what’s driving the rise?

India’s GDP is estimated at $4.2 trillion, according to the IMF, with projections indicating growth to $4.27 trillion soon. Nvidia Corporation’s market capitalization has crossed the $4 trillion mark! Nvidia Corporation, the US chipmaker giant, became the first company in the world to cross the $4 trillion market valuation figure. Nvidia achieved this significant milestone […]

Cryogenic OGS IPO listing: Retail bids soar 774x, total issue subscribed 646 times; GMP hints at 68% listing pop on July 10

Cryogenic OGS pulled off a blockbuster IPO debut, with the Rs 17.77 crore issue subscribed an eye-popping 646.47 times by the close of bidding on Monday, July 7.Retail investors drove the frenzy, bidding for a staggering 773.80 times their quota. High-net-worth individuals followed with 674.34 times subscription, while qualified institutional buyers (QIBs) took up 209.59 […]

US labour market data: Jobless claims drop to 233,000 as layoffs stay low; total unemployment rolls hold near 2 million

Applications for unemployment benefits in the US declined last week, reflecting continued strength in the labour market despite broader economic uncertainty around tariffs.According to data released by the Labor Department on Thursday, jobless claims for the week ending June 28 fell by 4,000 to 233,000. The figure came in below analyst expectations of 241,000, AP […]

Warren Buffett donates whopping $6 billion Berkshire shares! Highest charity by billionaire in nearly 2 decades; total crosses $60 billion

Warren Buffett, chairman and CEO of Berkshire Hathaway (Image credits: AP) Billionaire investor Warren Buffett donated $6 billion worth of Berkshire Hathaway stock on Friday to the Bill & Melinda Gates Foundation and four family-run charities. This marks his largest annual donation since he began giving away his fortune in 2006.The donation included about 12.36 […]

Betting big on India! US giant JPMorgan leases office space in Mumbai’s Bandra-Kurla Complex for Rs 1,000 crore; total rental may hit Rs 2,500 crore

JP Morgan India has agreed to pay Rs 6.91 crore as monthly rent. (AP file photo) JPMorgan has secured 116,210 sq ft of office space in Sumitomo’s commercial tower located in Mumbai’s Bandra-Kurla Complex (BKC). This significant pre-lease agreement is for a term of 10 years to begin with.The agreement includes an initial 10-year license […]

‘Maybe I’ll change my mind about firing him’: Trump revives threat to fire Fed Chair Jerome Powell; calls him ‘total and complete moron’

Donald Trump revives threat to fire Fed Chair Jerome Powell (Picture credit: AP) US President Donald Trump on Friday again floated the possibility of firing Federal Reserve Chair Jerome Powell, reigniting a long-standing feud over interest rates he claims should be much lower. In a scathing post on Truth Social, Trump called Powell a “numbskull” […]

Economy

Services exports lead growth as India’s total exports reach record $824.9 billion in 2024-25

India’s combined merchandise and services exports in May 2025 rose 2.77% year-on-year to USD 71.12 billion, led by strong services export growth.  India’s overall exports, merchandise and services combined, in May were reported at USD 71.12 billion, marking a 2.77 per cent rise on a yearly basis, data from the Union Commerce Ministry showed on […]

From golf to crypto: Trump declares over $600 million income, $1.6 billion in total assets, claims report

Donald Trump (File photo) In a financial disclosure report released on Friday, Donald Trump declared over $600 million in earnings from various ventures including cryptocurrency, golf establishments, licensing agreements and other business interests, reported Reuters.The financial report, apparently covering the 2024 calendar year, indicates that the president’s cryptocurrency investments significantly enhanced his wealth, alongside substantial […]