Gold, Silver Prices Climb On Safe-Haven Bids

Domestic spot gold with a purity of 24 carats opened at Rs 51,012 per 10 grams. New Delhi: Gold and silver futures surged on Friday, taking cues from the international spot rates. On the Multi Commodity Exchange (MCX), gold futures, due for a June 3 delivery, were last seen 0.22 per cent up at Rs […]

BRICS-Led New Development Bank To Establish Regional Office In India

NDB has so far approved 21 Indian projects, involving funding of $7.1 billion. New Delhi: New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring infrastructure projects in that country and Bangladesh. “The Indian Regional Office will […]

Inflation Crimps Indian Firms As Consumers Plan To Cut Spending

April saw India’s wholesale and consumer prices accelerate at their fastest in years. New Delhi: Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances which saw bumper sales as recently as March and April after a brutal heatwave spiked demand for its cooling products. […]

Top Stablecoin Tether Shuns Risky Assets, Boosts Its US Treasury Holdings

Top stablecoin Tether boosts US Treasuries holdings Tether, the world’s largest stablecoin, said it had boosted its holdings of US government debt while cutting exposure to riskier assets, the first look at its reserves since the crypto sector’s recent sell-off rocked the token. Stablecoins, a variety of cryptocurrencies designed to keep a steady value, are […]

Swift Crypto Assets’ Regulation Needed: G7 Countries’ Draft

G7 countries urge swift regulation of crypto assets – draft The world’s top financial leaders called on Thursday for the swift and comprehensive regulation of cryptocurrencies following turmoil that has seen the demise of the Terra stablecoin last week, a draft communique showed on Thursday. “In light of the recent turmoil in the crypto-asset market, […]

Supreme Court Verdict Has No Bearing On How GST Council Functions: Centre

SC judgement on GST Council will not affect existing framework: Centre After the Supreme Court ruled that the GST Council recommendations are not binding on the Centre and the states, government sources on Thursday said this judgement neither has any bearing on how GST has been functioning in India nor lays down anything fundamentally different […]

Rakesh Jhunjhunwala-Backed Akasa Air’s Launch May Be Delayed Further

Akasa Air received the no-objection certificate from the civil aviation ministry in October last year. Mumbai: Akasa Air’s launch of services is likely to be delayed further as the airline is expected to receive its first aircraft only in June or July, according to a senior DGCA official. The carrier, backed by ace investor Rakesh […]

Sensex Rebounds Over 1,000 Points, Nifty Trades Above 16,100

Sensex and Nifty started on a higher note today. New Delhi: Indian equity benchmarks on Friday rebounded after a sharp decline in the previous session. Asian shares jumped after China cut a key lending benchmark to support a slowing economy. The gains in Asia came after a late overnight rally on Wall Street fizzled out. […]

Indonesia To Lift Ban On Palm Oil Exports Next Week

Indonesia issued the ban last month to secure supplies in the face of a domestic shortage. Jakarta: Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said Thursday, relieving pressure on the global vegetable oil market after prices spiked because of the suspension and the war in Ukraine. The archipelago […]

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