Precious metals kick-started the New Year on a strong note on Friday, resuming their rally after unprecedented gains in 2025, as geopolitical tensions and hopes of lower interest rates this year kept safe-haven demand intact. Spot gold climbed 1.3 per cent to $4,372.02 per ounce as of 0357 GMT, after hitting a record high of…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Benchmark indices Sensex and Nifty began Friday’s (January 2, 2026) trading session on an optimistic note as steady buying by domestic institutional investors and a rally in blue-chip Reliance Industries drove the stock markets higher in early trade. The 30-share BSE Sensex climbed 158.19…
Despite the headlines, Elon Musk might never make a trillion dollars. The Tesla CEO would only receive this astronomical amount if he were to meet a set of incredibly ambitious goals, which includes increasing the stock value of the company to $8.5 trillion, selling 20 million vehicles and one million robots. It seems the stuff…
US-based CME Group has raised the initial margin and holding positions’ fee for all precious metals, with silver witnessing the second hike within a week. The CME Group, which operates major derivatives exchanges such as CME, COMEX, CBOT and NYMEX, has raised the initial margin for silver to $32,500 from $25,000 for non-speculative accounts for…
GST refunds in December increased by nearly 31% to ₹28,980 crore, according to official data. File | Photo Credit: Getty Images/iStockphoto The Goods and Services Tax (GST) collections rose 6.1% year-on-year to ₹1.74 lakh crore in December 2025, marking a three-month high, official data showed. However, a sharp increase in refunds resulted in net revenues slumping…
Image used for representative purpose only. | Photo Credit: Reuters The rupee depreciated 10 paise to close at 89.98 (provisional) against the U.S. dollar on Thursday (January 1, 2026), the first trading session of 2026, as sustained foreign fund outflows and a negative trend in domestic equities dented investor sentiments. Forex traders said the USD/INR…
Gold futures started the new year on a firm note and edged higher by ₹119 to ₹1,35,566 per 10 grams on Thursday as investors remained cautious amid limited global cues. On the Multi Commodity Exchange (MCX), the yellow metal for February delivery moved in a narrow range after opening higher. It pared early gains due…
The cess was originally introduced for a period of five years to compensate States for any loss arising out of the implementation of GST. File. | Photo Credit: Getty Images/iStockphoto The Ministry of Finance on Thursday (January 1, 2026) issued a series of notifications that would bring into effect the new taxation regime for tobacco products…
On the first day on 2026, the rupee opened on a negative note. | Photo Credit: Getty Images The rupee started the new year on a negative note and depreciated 11 paise to 89.99 against the U.S. dollar in early trade on Thursday (January 1, 2026) weighed down by persistent foreign fund outflows. Forex traders…
Representative image | Photo Credit: Getty Images/iStockphoto Shares of cigarette and tobacco product makers tumbled on Thursday (January 1, 2026) morning trade after the government notified February 1 as the date from which additional excise duty on tobacco products, and a health cess on pan masala will be levied. The stock of Godfrey Phillips India…
