After a prolonged rally, gold prices slipped by ₹485 per 10 gram on Wednesday to ₹93,859 against ₹94,344 in line with the global market trend. The demand has remained lacklustre for the last few months due to the volatile price trend. Gold prices have rallied from ₹98,102 per 10 gram on April 15 to ₹98,484…
Image used for representation purpose only. | Photo Credit: Reuters The rupee appreciated 21 paise to 85.34 against the U.S. dollar in early trade on Friday (July 4, 2025) as Asian currencies, including the rupee gained ground on renewed hopes of trade deals with the US. Forex traders said, U.S. President Donald Trump announced a…
The agenda for the Goods and Services Tax (GST) Council at its next meeting will include deliberations on minimising the 12% tax slab and also finalising the tax treatment on service intermediaries, which could provide the sector relief worth thousands of crores, according to informed sources. Further, while the meeting was initially supposed to be…
Jewellery Retailer Bluestone plans to utilise the funds to support its upcoming ₹1,000 crore IPO debut, following board approval for the offering in December. Jewellery Retailer Bluestone has raised ₹40 crore in debt from Blacksoil Capital and Caspian Debt, according to data from Tofler. Founded in 2011 by Gaurav Singh Kushwaha and Vidya Nataraj, Bluestone…
The Securities and Exchange Board of India (SEBI) has barred one of the world’s largest quant trading firms, Jane Street, from accessing its securities market after an investigation found it made “unlawful gains”, taking the most stringent action ever against a foreign trading firm. The markets regulator also impounded ₹4,841 crore from U.S.-based Jane Street,…
Image used for representative purpose only. | Photo Credit: V. Sudershan Foreign direct investment into India began financial year 2025-26 on a relatively strong footing, with gross inflows rising nearly 23% and net inflows more than doubling in April 2025, according to data released by the Reserve Bank of India. The data, as part of…
India’s silver production has increased 20-fold from a meagre 47 tonnes in 2002 to 700 tonnes now, thanks to Hindustan Zinc’s disinvestment. According to the World Silver Survey 2023, silver production has nearly doubled over the past decade, rising to 22.5 million ounces (moz) in 2024 from 12 moz in 2012. The increase in production…
The forex traders said Asian currencies, including the rupee, gained ground on renewed hopes of trade deals with the U.S. Representational file image. | Photo Credit: Reuters The rupee appreciated 16 paise to close at 85.39 (provisional) against the U.S. dollar on Friday (July 4, 2025), tracking a decline in the American currency in the…
U.S. President Donald Trump said America is going to have a “very big” trade deal with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries. File picture of Union Commerce and Industry Minister Piyush Goyal meeting United States Secretary of Commerce Howard Lutnick. | Photo…
Gold prices plunged ₹1,800 to ₹95,050 per 10 grams in the national capital on Thursday amid a decline in precious metal rates in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity slumped Rs 1,800 to Rs 94,600 per 10 grams (inclusive of all taxes). Gold…
