Adani Power has surpassed Infosys in market capitalization, becoming the 11th most valuable company on Indian bourses. This shift is driven by Adani Power’s 68% stock surge in 2026, while Infosys experienced a nearly 29% decline. Investors favor Adani Power due to rising energy demand, whereas concerns over AI’s impact on traditional IT services have affected Infosys.
Gold, silver slide up to 2% as fresh US strikes on Iran fuel inflation fears, hurt peace hopes
Gold prices declined on Thursday as U.S. strikes on Iran boosted oil and fueled inflation concerns, impacting interest rate outlooks. Spot gold fell 0.8% to