By: The Trek News Desk In a record-breaking milestone, Nvidia on Wednesday became the first company in the world to hit a $5 trillion market valuation, cementing its dominance at the heart of the global AI revolution.The achievement comes just three months after the chipmaker crossed the $4 trillion-mark, a pace unmatched in corporate history….
By: The Trek News Desk In a major shake-up within one of India’s most powerful charitable institutions, Mehli Mistry, a long-time confidant of the late Ratan Tata, has been voted out of the Tata Trusts. According to sources, a majority of trustees opposed his reappointment to the boards of both the Sir Dorabji Tata Trust…
By: The Trek News Desk In a major shake-up in the global media landscape, Warner Bros. Discovery (WBD), the parent company of entertainment giants like HBO and CNN, has officially announced that it is open to a complete or partial sale of the company. The decision comes even as WBD continues with its previously announced…
By: The Trek News Desk In an unprecedented financial milestone, Elon Musk has become the first person in history to reach a net worth of $500.1 billion (approx. ₹41 lakh crore), according to Forbes’ real-time Billionaires Index. The surge in Musk’s wealth has been driven by a rebound in Tesla stock and rising valuations of…
By: The Trek News Desk The United States federal government has entered a partial shutdown following a breakdown in last-minute negotiations between Democrats and Republicans in the Senate. The shutdown took effect at 12:01 AM EDT on Wednesday after lawmakers failed to approve a temporary funding bill, leaving key federal agencies without the financial support…
By: The Trek News Desk In its latest monetary policy review held on Wednesday, the Reserve Bank of India (RBI) decided to maintain the benchmark repo rate at 5.5%, signalling a continued pause on rate changes amidst improving inflation and growth dynamics. The decision marks the second straight policy meeting where the six-member Monetary Policy…
By: The Trek News Desk Indian stock markets witnessed a sharp selloff on Friday, triggered by aggressive selling from foreign institutional investors (FIIs) and widespread panic among retail participants. The combination of global trade concerns and political uncertainty sent shockwaves through Dalal Street, leading to steep losses across the board. Trump’s Tariff Shock Jolts Markets…
By: The Trek News Desk Prime Minister Narendra Modi addressed the nation on Sunday evening to announce the launch of ‘GST 2.0’, which will come into effect from September 22. He expressed optimism that the new tax system will provide significant benefits to various segments of Indian society, ranging from the middle class to the…
Gautam Adani, the second-richest Indian, said the allegations, made by Hindenburg Research in 2023, were baseless and praised SEBI’s order [File: businesstoday.in] By: The Trek News Desk The Securities and Exchange Board of India (SEBI) has dismissed allegations of stock manipulation against the Adani Group. This investigation began in 2023 after Hindenburg Research accused Adani…
