Unless a convincing clarity emerges on the Hormuz issue, rallies could be used to sell. Gold price prediction today: Gold prices are under extreme pressure and any rallies can be seen as an opportunity to sell, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Here’s what he has to say: Gold Performance: In … Read more
Investors remained cautious as higher crude oil prices, rising bond yields and several other concerns continued to weigh on sentiment. Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmarks, extended their decline on Tuesday, crashing over 0.8% after the rout on Monday. Investors remained cautious as higher crude oil prices, rising bond … Read more
The zero-duty framework covers medicines and related products used for rare diseases. US has exempted select speciality medicines and related components from import duties for India and 19 other partner jurisdictions, offering potential relief to parts of the pharmaceutical industry.The exemption comes as Washington moves ahead with a 100% tariff on certain patented pharmaceutical products. … Read more
The company, which has revenue of $20 billion, is navigating the challenges created by one of the most significant technology shifts faced by the IT industry. Infosys is looking to transition anywhere between a quarter to a third of its workforce into specialist positions and also create a team of about 6,000 frontier engineers, according … Read more
Oil prices rise for second day. Oil prices today: Oil prices rose for a second consecutive session on Tuesday as concerns over potential disruptions to Middle East supplies due to the US-Iran conflict outweighed signs of recovering crude exports from the region.At 8:28 am IST, Brent crude was trading at $106.86 a barrel, up $1.58, … Read more
Sebi orders Growpital to shut down MUMBAI: Markets regulator Sebi has ordered Growpital Platform, an unauthorised collective investment scheme (CIS) that had mobilised about Rs 192 crore to invest in agricultural farms for tax-free returns to investors, to wind up and return investors’ money along with 12% interest. Twenty eight entities associated with Growpital have … Read more
Pension Fund Regulatory and Development Authority (PFRDA) Chairperson S. Ramann MUMBAI: To ensure regulatory guardrails around pension products while giving customers greater choice, Pension Fund Regulatory and Development Authority plans to roll out a suitability platform that will assess NPS subscribers’ risk appetite and ask suitability-related questions before they select a scheme.“Suitability and risk appetite … Read more
IIP surges 8% in August, nearly doubles year-ago growth on manufacturing, power boost NEW DELHI: Industrial production rose 8% in Aug as against 4.7% expansion recorded a year ago, on account of robust growth in manufacturing and electricity sectors.Sequentially also, industrial production witnessed acceleration from an upward revised figure of 7.4% in July, latest data … Read more
UAE investors plan fresh $25 billion India bet, aim to take total to $100 billion: Goyal MUMBAI: Union minister of commerce Piyush Goyal said UAE investors have expressed intent to invest another $25 billion, on the back of $25 billion already invested, with an eventual objective of taking investments in India to $100 billion.Citing the … Read more
Piyush Goyal to meet US counterparts on trade deal during G20 visit NEW DELHI: Commerce and industry minister Piyush Goyal, who will visit the US for the meeting of G20 trade ministers, will meet his American counterparts to discuss the bilateral trade deal.The two sides have been engaged on the issue but a final outcome … Read more