Wed, Aug 30, 2023 5:07 PM
High-frequency trading firms have a field day with Reliance Power shares
A Flip by Shubhangi Gupta
Amid ongoing geopolitical tensions and economic uncertainty, gold prices remain strong, but silver might offer more room for growth. Jonathan Barratt, CIO of Probis Securities, believes silver offers more room for growth than gold, which remains strong at $2,500 per ounce, as silver is still far from its 2011 record high of $50 per ounce and presents a potential opportunity for investors.
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India’s service sector’s performance has been in line with the global standards, per a paper published by RBI researchers in the August Monthly Bulletin. The paper on estimating spare capacity, which determines how much of an increase in output can be achieved with existing conditions in case demand increases, found that Indian service sector companies were operating with 11-14% spare capacity.
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The excitement in artificial intelligence (AI) has led to companies spending millions of dollars on new projects and upgrading their existing infrastructure in the hopes that they can cash in on new growth opportunities. Chipmaker Nvidia (NASDAQ: NVDA) has been tripling its sales due to incredible AI-fueled demand for its next-gen chips.
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