News that keep you updated
MUMBAI: A decision by the Bloomberg Index Services to defer inclusion of Indian govt securities in its global bond index led to a spike in gilt yields, affecting investor sentiment on Dalal Street that pulled down stock prices and also the rupee in early trades Tuesday. At close, however, bonds, sensex and the rupee recovered…
Gold prices surged to a fresh lifetime high on Wednesday, tracking firm global cues amid rising expectations of interest rate cuts by the US Federal Reserve and heightened geopolitical tensions.On the Multi Commodity Exchange (MCX), gold futures for the February contract jumped Rs 932, or 0.65 per cent, to hit a record high of Rs…
MUMBAI: The Rs 1,071-crore initial public offering (IPO) for Bharat Coking Coal (BCCL) was subscribed 147 times at close on Tuesday with the total number of applications at over 90 lakh, a new record for any maiden offering in India. The total demand for the IPO was worth nearly Rs 1.2 lakh crore, data on…
MUMBAI: Kotak Mahindra Bank founder Uday Kotak‘s family office USK Capital has acquired a majority stake in Go Raw, a Chicago-based seed-centric snack brand, marking its first investment outside India and its debut in the consumer sector.The stake was acquired from Juggernaut Capital Partners, a middle-market private equity firm, and other early-stage investors. USK did…
Indian equity benchmarks opened Wednesday’s session on an uncertain note, swinging between gains and losses as investors remained cautious amid continued foreign fund selling and ongoing global tariff concerns.At 12:00 BSE Sensex gained 161 points or 0.19% to 83,789. At the same time, Nifty50 rose 55 points or 0.22%. Several heavyweight stocks weighed on the…
Wholesale prices increased in December, with inflation measured by the Wholesale Price Index (WPI) rising to 0.83%. This marks the second consecutive month of upward movement after two months of deflation, official data released on Wednesday showed. The return to positive inflation came after wholesale prices contracted in October and November, when WPI inflation stood…
US President Donald Trump recently proposed to cap credit card interest rates at 10% for one year, to ease affordability concerns for Americans. However the move has sparked a debate as supporters are arguing that it could save Americans billions of dollars, while critics have flagged that it may restrict access to credit for people…
The upcoming Union Budget offers a moment to consider how crypto taxation can better align incentives with outcomes. By Nischal ShettyCrypto taxation in India was introduced at a moment when digital assets were gaining rapid adoption, but regulatory clarity was still evolving globally. In the Union Budget of 2022, the government implemented a flat 30…
China registered a trade surplus of nearly $1.2 trillion in 2025, the government reported on Wednesday. The record figure comes as strong exports to international markets offset slowing shipments to the United States. According to customs data cited by AP, the country’s exports rose 5.5% to $3.77 trillion last year, while imports remained steady at…
Gold price prediction today: Maneesh Sharma of Anand Rathi Shares and Stock Brokers sees the gold and silver price rally continuing amidst ongoing global economic and geopolitical uncertainty. Source link
