Representative image | Photo Credit: PTI Benchmark indices Sensex and Nifty pared early gains to end lower on Wednesday (July 2, 2025), dragged down by selling pressure in HDFC Bank, L&T and Reliance Industries shares ahead of the impending U.S. tariff deadline. Flight of foreign capital from markets and a mixed trend in global equities…
India’s oil imports from Russia declined 14.5% in February, the lowest since January 2023. | Photo Credit: Reuters The story so far: Reversing course after being on an upward trajectory for about a week, oil prices slipped as much as 9% late Monday with emerging confidence about no disruption to oil supply globally and a de-escalation…
Element Six, De Beers Group’s subsidiary will focus on industrial solutions using synthetic diamonds | Photo Credit: REUTERS De Beers Group plans to exit lab-grown diamond (LGD) jewellery business and is in talks to sell certain assets, including inventory under Lightbox brand, with potential buyers. Established in 2018, Lightbox was launched with transparent linear pricing…
A screen displaying the Sensex is pictured at the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty climbed in initial trade on Thursday (July 3, 2025), mirroring a positive trend in Asian markets, amid optimism over India-U.S. trade deal. The U.S.-Vietnam trade deal also had…
Some of the particular success stories of the PLI schemes in enhancing exports are in textile sector, an official release said. Representational file image. | Photo Credit: EMMANUAL YOGINI The government’s Production-Linked Incentive scheme has seen the government provide ₹21,534 crore worth of incentives in various sectors, thereby attracting investments worth ₹1.76 lakh crore, according…
Gold ($3,325/ounce) was up 2.6 per cent whereas silver ($32.70/ounce) gained 2.2 per cent last week. Similarly, in the domestic market, gold futures (₹96,518/10 gm) appreciated 4.2 per cent and silver futures (₹96,729/kg) went up by 2.8 per cent. MCX-Gold (₹96,518) Gold futures (June) rebounded last week, thereby making a higher low. However, it failed…
A roadside currency exchange vendor counts notes in New Delhi. File | Photo Credit: Reuters The rupee depreciated 8 paise to 85.70 against the U.S. dollar in early trade on Thursday (July 3, 2025) amid renewed headwinds from global risk sentiment and persistent foreign fund outflows. Forex traders said the rupee was trading in a…
UPI has transformed the digital payments landscape in India, the IMF paper said. Photo: X/@UPI_NPCI A new paper published by the International Monetary Fund has lauded the impact of the Unified Payments Interface (UPI) system in India and has said those looking to move from cash to digital payments should also carry out the other…
Gold prices in India today slid by over ₹ 200 | Photo Credit: KVS GIRI Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in…
Sebi found the manipulative trading patterns of JS Group early this year. File | Photo Credit: Reuters The Securities and Exchange Board of India (SEBI) banned U.S.-based investment firm Jane Street from Indian securities markets for manipulating stock index and unlawfully earning ₹4,843 crore, according to an order on Thursday (July 3, 2025). The entities…
