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Traders said domestic bullion prices jumped following the increase in import duties. Representational image of gold and silver bars | Photo Credit: Reuters Gold prices rallied by ₹9,723 to ₹1.63 lakh per 10 grams in futures trade on Wednesday (May 13, 2026), while silver soared 7% to approach the ₹3 lakh per kilogram mark after…
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Representational image only. File | Photo Credit: Reuters “The gems and jewellery industry is likely to face challenging times ahead following the hike in gold import duty to 15%, from 4% earlier, a move that could spur the grey market,” the All India Gems and Jewellery Council (GJC) said on Wednesday (May 13, 2026). “Business…
Read More “Gold duty hike to jeopardise jewellery trade; spur grey market, says GJC” »
Asian Paints, Adani Ports, Tata Steel and Kotak Mahindra Bank were among the winners. File | Photo Credit: The Hindu Benchmark equity indices slipped in the negative territory after rising marginally during early trade on Wednesday (May 13, 2026) amid elevated crude oil prices and persistent geopolitical uncertainty. Foreign fund exodus also hit investor sentiment. The…
Forex traders said market participants are expecting some resilience in the dollar-rupee pair as gold importers curb their demand. | Photo Credit: Reuters The rupee rebounded by 16 paise from its all-time low to 95.52 against the American currency in early trade on Wednesday (May 13, 2026) amid hopes of lower demand for the U.S….
Read More “Rupee recovers 16 paise from all-time low to 95.52 against U.S. dollar in early trade” »
Gold demand, particularly for investment purposes, has risen in India amid a recent rally in prices and negative returns from equities over the past year. File. | Photo Credit: Reuters Government has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday (May 13, 2026), as part of efforts…
Read More “Government raises gold and silver tariffs to 15% to curb imports, support rupee” »
This image is used for representational purposes only. | Photo Credit: Reuters Tata Power Limited for the fourth quarter ended March 31, 2026 reported consolidated Profit After Tax (PAT) of ₹ 1,416 crore, up 8% YoY. The company’s revenue for the period stood at ₹ 15,962 crore, down 8% YoY. For FY26, the company’s PAT…
Read More “Tata Power Q4 PAT up 8%, revenue down 8%, dividend at ₹2.50 per share” »
The Delhi High Court on Tuesday (May 12, 2026) sought the stance of the Centre and Prasar Bharti on a petition seeking the broadcast of the FIFA World Cup 2026. | Photo Credit: The Hindu The Delhi High Court on Tuesday (May 12, 2026) asked the Centre and Prasar Bharati to respond to a petition…
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Commerce Minister Piyush Goyal and Foreign Trade and International Cooperation Adviser in Oman’s Commerce Ministry H.E. Pankaj Khimji, along with other delegates, during their meeting to further strengthen the bilateral ties under the India-Oman CEPA framework, in New Delhi on May 12, 2026. Photo: X/@PiyushGoyal via ANI The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will…
Chief Economic Advisor V. Anantha Nageswaran during the Confederation of Indian Industry (CII) Annual Business Summit 2026, in New Delhi on May 12, 2026. | Photo Credit: ANI Free Trade Agreements (FTAs) create value only once they are implemented not when they are signed, Chief Economic Advisor V. Anantha Nageswaran asserted on Tuesday, warning that…
Retail inflation rose to 3.48% in April, mainly due to an uptick in food prices. | Photo Credit: K. Murali Kumar Retail inflation rose marginally to 3.48% in April compared to 3.40% in the preceding month, mainly due to an uptick in food prices. Food inflation, as per the Consumer Price Index (CPI), was 4.2%…
Read More “Retail inflation inches up to 3.48% in April: Govt data” »