The government on Wednesday said the allocations of tariff rate quota (TRQ) for gold under the free trade agreement between India and the UAE will be undertaken based on the competitive bidding/tender process. Under the agreement, India agreed to import up to 200 metric tonnes of gold annually from the UAE with a one per…
Under the proposal, at least 20% of the State’s total power consumption must be met by private companies and the states must assume part of the retailer’s debt, according to the Power Ministry presentation. File. | Photo Credit: K. Bhagya Prakash India is considering a bailout exceeding ₹1 trillion ($12 billion) for debt-laden State-run power…
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, D.C., U.S., October 29, 2025. | Photo Credit: Reuters A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday (October 29, 2025) and announced…
On October 28, 2025, Nvidia CEO Jensen Huang disclosed $500 billion in chip orders. | Photo Credit: AP Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier. Hitting the new benchmark puts more emphasis on the upheaval being unleashed…
The RBI said more than 97% of the responding DI entities were unlisted in March 2025, and that captured most of the FDI equity capital in India. File | Photo Credit: Reuters The U.S. and Singapore together accounted for over one-third of the FDI in India during 2024-25, according to the Reserve Bank’s census on…
Image for representational purposes only. | Photo Credit: Reuters Gold prices on Wednesday (October 29, 2025) rebounded by ₹2,600 to ₹1,24,400 per 10 grams in the national capital, snapping a two-session losing streak, amid a fresh wave of safe-haven buying ahead of the policy outcome by the U.S. Federal Reserve. Gold of 99.5% purity appreciated…
The 30-share BSE Sensex climbed 368.97 points or 0.44% to settle at 84,997.13. During the day, it jumped 477.67 points or 0.56% to 85,105.83. File. | Photo Credit: ANI Stock market benchmark indices Sensex and Nifty settled in the positive territory on Wednesday (October 29, 2025), tracking a rally in global peers, amid hopes of…
The rupee appreciated eight paise to close at 88.21 against the U.S. dollar on Wednesday (October 29, 2025). File photo for representational purposes. | Photo Credit: The Hindu The rupee appreciated eight paise to close at 88.21 (provisional) against the U.S. dollar on Wednesday (October 29, 2025), on strong domestic markets and optimism over the…
Globally, Comex gold futures for December delivery were trading lower by $15.9, or 0.4%, at $3,967.2 per ounce, marking their fourth consecutive day of decline. Gold futures slipped ₹176 to ₹1,19,470 per 10 grams on Wednesday, as investors remained cautious ahead of the US Federal Reserve’s monetary policy decision later in the day. Extending the…
RBI now holds more than 65% of its gold reserves at home, nearly double the share from four years ago, accelerating the repatriation of the precious metal after Western nations froze Russia’s reserves following the invasion of Ukraine. The Reserve Bank of India brought back nearly 64 tons of gold in the first six months…
