Business

After Israeli forces launched retaliatory strikes against Iran, gold prices surged, stabilizing around $2,388 per ounce after momentarily reaching $2,400. This occurred within the backdrop of a 1.85% increase in gold prices over the last five days. Concurrently, bitcoin has seen an 8% decrease since the conflict began on April 13. Amidst these market movements, economist Peter Schiff declared, “the …

India Discusses Oil Market Stability with OPEC Amid Global Volatility India, recognized as the third largest oil importer and consumer globally, engaged in discussions about the current trends and instability in the international oil market and their repercussions on worldwide energy security with the OPEC secretary general on Friday, according to a government announcement.  In a phone call with Haitham …

Wipro, one of India’s top software firms, reported fourth-quarter revenues that slightly surpassed expectations on Friday, despite a drop in consolidated revenue. The Bengaluru-based company saw its revenue fall 4.2% to 222.08 billion rupees ($2.66 billion) for the January-March period, yet this still exceeded the anticipated 221.51 billion rupees, according to LSEG data. The IT sector in India, including Wipro, …

A recent social media post by U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on platform X, starting with “It’s been an honor to serve,” briefly led to misunderstandings in the cryptocurrency community about his possible resignation. This phrase, often associated with departing officials, sparked immediate speculation, particularly among those critical of his enforcement-heavy regulatory style towards the crypto …

Sodexo Forecasts Top-End Revenue Growth in 2024, Boosted by Paris Olympics and Pricing Increases On Friday, French food service company Sodexo announced it anticipates its organic revenue growth for 2024 to reach the upper end of its forecasted 6% to 8% range, fueled by the Paris Olympics and an increase in pricing. Sodexo Live!, a division of the company, has …