Copper bulls are roaming the wilds of the London Metal Exchange again. The price for the 3-month contract, which dipped below $8000 a metric ton in late 2023 as Chinese growth sagged, closed above $9700 on Wednesday. It is now up around 13% from the beginning of the year. And BHP, one of the world’s top miners, has just unveiled its bid to buy its rival, and copper heavyweight, Anglo American.
Open FlipUday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia’s richest banker. After India’s regulator slapped his bank with a surprise ban, he’s facing one of his biggest tests yet - and a dip in wealth.The lender’s shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels.
Open Flip💰 The top gainers in the Nifty index were Axis Bank (⬆️ 6.00%), State Bank of India (⬆️ 5.12%), Dr Reddys Laboratories (⬆️ 4.50%), JSW Steel (⬆️ 2.62%), and Nestle India (⬆️ 2.50%). ⏳ On the other hand, the top losers in the Nifty index were Kotak Mahindra Bank (⬇️ 10.87%), LTI Mindtree (⬇️ 1.95%), Hindustan Unilever (⬇️1.30%), Titan Company (⬇️ 1.07%), and SBI Life Insurance Company (⬇️ 1.07)
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