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A jewellery shop in the old quarters of Delhi. File | Photo Credit: REUTERS Gold price declined ₹150 to ₹57,350 per 10 grams in the national capital on Thursday amid a fall in the yellow metal prices globally, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹57,500 per 10…
U.S., European, Japanese bond rout deepens; 10-year Treasury yields hit 16-year high above 4.88%; Wall Street mixed, Euro STOXX 600 lower NEW YORK/LONDON A rout in government bond markets deepened early on October 4 with benchmark U.S. yields hitting fresh 16-year highs as investors bet that persistently high interest rates will slow world growth and…
Read More “Global bond rout deepens before receding on relief rally” »
The tournament will also support government coffers, economists said. The Cricket World Cup may boost host country India’s economy by as much as Rs 22,000 crore ($2.6 billion), economists at Bank of Baroda estimate. The quadrennial tournament, which starts on Thursday and runs through mid-November, is expected to draw large numbers of visiting fans domestically…
Read More “Cricket World Cup May Add Rs 22,000 Crore To Indian Economy: Report” »
Image for representation. | Photo Credit: Reuters India’s services sector activity gained momentum in September, with new orders rising at the second fastest rate since June 2010, as per the S&P Global India Services Purchasing Managers’ Index (PMI), which moved up to 61 from 60.1 in August. A reading of over 50 on the index indicates an expansion in…
Benchmark equity indices rebounded in early trade on Thursday, October 5, 2023, after two days of decline amid recovery in global markets. The 30-share BSE Sensex climbed 383.31 points to 65,609.35 in early trade. The Nifty advanced 108.95 points to 19,545.05. Among the Sensex firms, Titan, ICICI Bank, Larsen & Toubro, Infosys, Tata Consultancy Services,…
S.P. Kochhar, Director General, Cellular Operators Association of India. File | Photo Credit: The Hindu Telecom operators tried to distance their demands for a ‘network usage fee’ from the issue of net neutrality on Wednesday, even as civil society groups and tech firms closed ranks on questioning the logic behind the demand. “Contrary to the…
Read More “Telcos try to separate network usage fees from net neutrality debate” »
This move will benefit 9.6 crore families. New Delhi: The government on Wednesday raised the subsidy provided to poor women, who got free cooking gas connections under the Ujjwala Yojana, to Rs 300 per cylinder as it looked to blunt opposition criticism of high fuel prices. The Cabinet Committee on Economic Affairs raised the subsidy…
Read More “LPG Subsidy For Ujjwala Beneficiaries Hiked To Rs 300” »
A view of an Indian turmeric market. | Photo Credit: The Hindu The Centre on Wednesday notified the constitution of the National Turmeric Board, a long-standing demand of turmeric farmers across the country. The Board, the Union Commerce Ministry said, will focus on the development and growth of turmeric and turmeric products in the country….
Read More “National Turmeric Board constituted; expected to boost exports to ₹8,400 crore” »
Oil refining giant Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) on Wednesday, as it makes a big push on clean energy. Reliance, led by billionaire Mukesh Ambani, displayed removable and swappable batteries for EVs that can also be used to power household appliances through an inverter at a…
Representational file image. | Photo Credit: Kamal Narang Gold price fell by ₹50 to ₹57,500 per 10 grams in the national capital on October 4 amid a fall in precious metal prices in international markets, according to HDFC Securities. The yellow metal had settled at ₹57,550 per 10 grams in the previous trade. Silver also…