Category: Business

GitHub is a platform for developers to create, store, manage, and share their code(Rubaitul Azad/Unsplash)
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India fastest growing community on GitHub with 5.2 billion projects, announces CEO

Thomas Dohmke, the chief executive officer (CEO) of GitHub, a platform for developers, took to social media to acknowledge the importance of Indian developers in…

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The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016.(Danish Siddiqui/Reuters)
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RBI may cut rates to 6.25%, say some economists: Report

India’s central bank will cut its key policy rate in December by a quarter point to 6.25% to bolster slowing economic growth, according to a…

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Elcid Investments: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023.(Niharika Kulkarni/Reuters)
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You could have made ₹70 crore by investing ₹10,000 into Elcid Industries stock a year ago

Elcid Investments Ltd which initially started out as a penny stock has now hit ₹2,36,250, surpassing even MRF Ltd to become India’s costliest stock to…

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The shift came due to Gold prices already being quite high (Gold prices rose 30% since last Diwali) and silver being perceived as a more practical investment(Representational Image/Pixabay)
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Gold falls behind silver and diamonds on Dhanteras 2024 due to high prices: Report

Gold sales fell in the middle of a rise in silver sales and demand for diamonds during Dhanteras 2024, Business Standard reported. The shift came…

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Republican presidential nominee, former U.S. President Donald Trump delivers remarks during a campaign rally at the Cobb Energy Performing Arts Centre on October 15, 2024 in Atlanta, Georgia(Kevin Dietsch/Getty Images via AFP)
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Chinese investors buy up a meme stock which sounds like ‘Trump Wins Big’ in Mandarin

Investors in China are buying into a stock which is not much known for its merits, but for its Chinese name “Chuan Da Zhi Sheng”…

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Cipla share price: Cipla Ltd shares fell the most in terms of percentage among all the 50 companies in the NSE Nifty today on Wednesday, October 30, 2024.(Cipla)
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Cipla share price falls the most among Nifty companies

Oct 30, 2024 11:51 AM IST Cipla share price fell the most in terms of percentage among all the 50 companies in the NSE Nifty…

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The new Mac mini by Apple. (Official image.)
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Apple’s redesigned the Mac mini, and it is incredibly compact

Apple’s senior vice president of Worldwide Marketing Greg ‘Joz’ Joswiak wasn’t kidding, when he’d warned the world late last week, that this was going to…

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Musk has sought to compete with OpenAI, the current AI leader, most recently valued at $157 billion. Musk, a co-founder of OpenAI, broke ranks with the startup and in recent years has criticized its approach to building AI.(Susan Walsh/AP)
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Elon Musk’s xAI seeks $40 billion valuation in new funding round

Elon Musk’s artificial intelligence startup xAI is seeking new funding at a roughly $40 billion valuation, according to a person familiar with the matter, just…

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An important reason for Elcid Investments to be priced this high is that it holds 2,83,13,860 equity shares or a 2.95% stake in Asian Paints Ltd, which is worth close to <span class=
Posted in Business

India’s costliest stock went from ₹3 to ₹2,36,250, here’s how

Initially starting out as a penny stock worth ₹3.21 (as at July 2024), Elcid Investments Ltd shares hit ₹2,25,000 in fair value and rose another…

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Latest news on October 30, 2024: OpenAI logo is seen in this illustration taken on February 3.
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Business News LIVE Updates Today October 30, 2024: OpenAI is working with Broadcom to develop AI inference chip

Business News LIVE Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on October…

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