Trump presidency lifts Wall St to record high; dollar, Treasury yields surge

By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON -Wall Street marched to record highs on Wednesday and major stock markets around the world surged, while bitcoin hit an all-time-high and the dollar was set for its biggest one-day jump in four years after Donald Trump was elected U.S. president. Trump’s decisive victory pummelled long-dated … Read more

US Election Results: As American markets spike, this is how investors from India can invest in the overseas stocks

US Election Results: As American markets spike, this is how investors from India can invest in the overseas stocks

With Donald Trump all set to take over as the 47th US President, the markets in America reacted quite positively to the news. S&P 500 and Dow Futures hit a record high on Wednesday after the news of Trump’s victory became clear. In fact, Indian benchmark indices Sensex and Nifty 50 also rose over 1 … Read more

Niva Bupa Health Insurance IPO opens tomorrow: Price band & GMP among 10 things to know before subscribing to the issue

Niva Bupa Health Insurance IPO opens tomorrow: Price band & GMP among 10 things to know before subscribing to the issue

Niva Bupa Health Insurance Company’s initial public offering (IPO) will open for public bidding on Thursday, November 7, and will close on Monday, November 11. The healthcare insurer has fixed the price band at ₹70-74 per share.  The health insurance company, set up in 2008, is a joint venture between the Bupa Group and Fettle … Read more

You can invest in debt using online bond platforms. Here’s how

You can invest in debt using online bond platforms. Here’s how

Here is a look at how investors can buy and sell bonds on online bond platforms, the limitations they are likely to face, and other options for investors. Let’s look at OBPs first. OBPs: Buying and selling Sebi has stipulated that OBPs use exchanges’ request for quote (RFQ) facility for investors to place buy or … Read more

US dollar index soars nearly 2% to hit 4-month high as Donald Trump takes early lead in polls

US dollar index soars nearly 2% to hit 4-month high as Donald Trump takes early lead in polls

The US Dollar Index, which measures the greenback’s strength against a basket of six major currencies, surged by 1.9% to 105.30 on Wednesday, November 6 to its highest level in almost four months. This rally was driven by early reports suggesting that Republican candidate Donald Trump is edging closer to securing a second term in … Read more

Nearly 1.5 years after being discontinued, ₹7,000-crore worth ₹2,000 banknotes yet to be returned to RBI

Nearly 1.5 years after being discontinued, ₹7,000-crore worth ₹2,000 banknotes yet to be returned to RBI

Nearly one-and-a-half years after the Reserve Bank of India (RBI) announced withdrawal of  ₹2,000 denomination banknotes on May 19, 2023, the total value of banknotes which have yet not been returned stands at ₹6,977.6 crore as on Oct 31, 2024, shows the RBI data. The latest data revealed that the currency banknotes which have already been returned … Read more

Lab-grown diamonds: Goldiam leads the charge, Trent joins the race

Lab-grown diamonds: Goldiam leads the charge, Trent joins the race

But can this approach succeed in the diamond industry, where exclusivity is often the main attraction? Over the past three years, Trent has achieved impressive growth, with sales and profits rising at compound annual growth rates (CAGR) of 68% and 103%, respectively. During this period, its share price grew at a CAGR of 90%, pushing … Read more

Can my ex-husband inherit my estate, and will my children inherit from him?

Can my ex-husband inherit my estate, and will my children inherit from him?

I am a divorcee with two children. If anything unfortunate happens to me, can my ex-husband claim a share in my estate? Will my children inherit property from my ex-husband should he pass away? We assume that you and your ex-husband are Hindu. In case of the unfortunate circumstance that you pass away without making a … Read more

Trump Media stock jumps 15% on Election Day as betting market hints at a Trump win

Trump Media stock jumps 15% on Election Day as betting market hints at a Trump win

Trump Media & Technology Group Corp., the parent company of the former president’s Truth Social platform, jumped more than 15 per cent on Tuesday as voters head to the polls. The stock, which trades as the ticker symbol DJT, is notoriously volatile and is broadly considered a meme stock. The former president’s odds improved in … Read more