Business

NEW DELHI: India and the United Arab Emirates (UAE) on Friday signed seven key agreements during Prime Minister Narendra Modi’s brief stopover in the Gulf nation, the first leg of his five-country tour that will now take him to Europe.“Substantive outcomes that will add further vigour to the India-UAE friendship,” PM Modi posted on X…

India’s foreign exchange reserves jumped by $6.295 billion to $696.988 billion during the week ended May 8, helped largely by a sharp rise in gold reserves, PTI reported citing Reserve Bank data released on Friday.The overall forex kitty had declined by $7.794 billion to $690.693 billion in the previous reporting week.India’s reserves had touched an…

Gold hallmark numbers are often overlooked, yet they quietly reveal one of the most important details about jewellery. Most people only notice them after years of wearing a ring or necklace, when curiosity finally kicks in. These tiny stamps, like 375, 585, 750, 916, and 999, are not random. They are a direct measure of…

A US delegation is expected to visit India next month for trade negotiations under the proposed bilateral trade agreement (BTA), Commerce Secretary Rajesh Agrawal said on Friday, PTI reported.“We expect the US team to visit soon..not this month..may be next month,” Agrawal told reporters.However, he said the dates for the visit have not been finalised…

India’s merchandise trade deficit widened sharply to $28.38 billion in April as imports rose 10 per cent year-on-year despite a steep decline in inbound shipments from Middle East amid continuing geopolitical disruptions.Government data released on Friday showed India’s imports increased to $71.94 billion in April from $65.38 billion in the year-ago period, while exports stood…

“Indian equity markets are expected to open on a mildly positive note, with Gift Nifty trading around 23,769, up by 40 points. Global equities traded mixed after a muted session on Wall Street, as investors remained cautious amid concerns over elevated bond yields, inflation outlook, and uncertainty surrounding the pace of global economic recovery. Market…

Refiners may eventually be forced to lower processing rates in line with reduced crude availability. (AI image) US-Iran war and the indefinite closure of the Strait of Hormuz has led to India’s crude oil inventories declining by around 15%. This decline is since the US-Iran conflict erupted in late February, as refiners continued operating at…

Commenting on the fuel price revision, Arvind Kumar of IOCL said that the hike was relatively small despite mounting global pressures. (AI image) Calling the petrol and diesel price hike a ‘small rise’, Indian Oil Corporation Limited (IOCL)‘s Director (Refineries) Arvind Kumar has said that refineries are running at over 100% capacity to maintain uninterrupted…

Asian markets mostly declined on Friday as investor optimism around artificial intelligence stocks faded amid rising concerns over inflation, elevated oil prices and uncertainty surrounding the Iran war.Japan’s Nikkei 225 fell 1.2% to 61,880.04, while South Korea’s Kospi dropped 3.2% to 7,727.34 after briefly crossing the 8,000 mark for the first time.The sharp reversal came…

Gold is attempting to recover from the lower Bollinger band after a steep decline. (AI image) Gold price prediction today: Gold prices are seeing a weak intra-day bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. He recommends a sell on rise strategy:Gold futures on MCX are trading near ₹1,60,326 after…