Tuesday, March 10
Silver prices have reached an all-time high in futures trading. This surge is fueled by limited supply and anticipation of US interest rate reductions next year. Gold prices also saw an increase. Investors are closely watching upcoming US inflation data for further market direction. These developments are impacting global precious metal markets.
Kraft Heinz has named Steve Cahillane as its new CEO starting January 1, 2026. He will lead the Global Taste Elevation Co. after the company splits into two entities next year. This division aims to improve efficiency. Cahillane brings extensive experience in brand building and managing similar corporate structures. The current CEO will move to an advisory role.
India's aviation fuel sales dipped over 4% in early December, primarily due to IndiGo's extensive flight cancellations caused by new pilot rules and staff shortages. While jet fuel demand faltered, diesel, petrol, and LPG consumption saw significant year-on-year growth, indicating a mixed trend in the country's fuel market.
US job growth slowed significantly in November, adding 64,000 positions, a stark contrast to October's loss. The unemployment rate climbed to 4.6%, its highest since 2021, influenced by federal workforce reductions and economic uncertainties. Businesses are hesitant to expand due to AI integration and policy unpredictability.
Stock market today: The BSE Sensex, comprising 30 shares, decreased by 533.50 points or 0.63 per cent, closing at 84,679.86. During trading hours, it fell by 592.75 points or 0.69 per cent to 84,620.61. The NSE Nifty, with 50 shares, reduced by 167.20 points or 0.64 per cent to 25,860.10.
