Gold prices slipped more than 2 per cent on Monday, extending their drop to a roughly four-month low, as an escalating Middle East conflict stoked inflation concerns and expectations of higher global interest rates. Spot gold was down 2.5 per cent at $4,372.86 per ounce, as of 0238 GMT, extending losses for a ninth consecutive…
India is often described as an “underinsured” country. This claim is usually backed by two numbers that appear regularly in official speeches, policy papers, and media commentary: life insurance penetration and density. Low values of these indicators are taken as proof that insurance coverage in India is inadequate and that large sections of the population…
Bullion-backed ETFs are set for a third week of outflows, with holdings falling more than 60 tonnes in that period, data compiled by Bloomberg show. Gold headed for its biggest weekly loss since 1983, as war in the Middle East boosted energy prices and reduced expectations for interest-rate cuts. Bullion’s decline deepened as the dollar…
Image used for representational purposes. File | Photo Credit: Getty Images/iStockphoto The combined market valuation of five of the top-10 most-valued firms eroded by ₹1 lakh crore last week, with HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex dipped 30.96 points, or 0.04%, and the NSE Nifty slipped 36.6 points, or…
But, a short-lived recovery is likely
“Not every customer is willing to pay higher airfares, so there is a limit to how high we can price before demand drops,” Air India CEO Campbell Wilson said. File | Photo Credit: The Hindu Air India CEO Campbell Wilson warned airline employees of a possible travel demand squeeze due to the rising cost of…
Refiners plan to resume buying Iranian oil while refiners elsewhere in Asia are examining such a move after Washington temporarily removed sanctions to alleviate an energy crunch caused by the U.S.-Israeli war on Iran, traders said. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Refiners plan to resume buying Iranian oil while…
India’s gold and jewellery sector is a storied titan—employing over 4.6 million artisans and contributing nearly 7 per cent to total merchandise exports. Yet, despite this cultural legacy, India’s share in the global fine jewellery market remains modest relative to its craftsmanship depth. The missing catalyst is sustained, strategic Foreign Direct Investment (FDI). FDI in…
A farmer sprays pesticides in a watermelon field, in Nagaon. File. | Photo Credit: ANI CropLife India, an umbrella body of various pesticide manufacturers, has warned of about 20-25% increase in the pesticide and crop protection chemicals as an impact of the war in West Asia. They said the increase in prices is driven by…
The government, however, assured that this is limited only to the premium variants and that the prices of the normal grades of petrol and diesel remain unchanged. | Photo Credit: Muthuganesapandy. M In what could be the first sign of cracks due to the fiscal stress brought on by skyrocketing global oil prices, Indian oil-marketing…
