After a few months of lull, precious metals regained sheen last month. Both gold and silver recorded impressive gains, especially in the latter half of August. The weakening of the U.S. dollar along with expectations of a further interest rate cut by the U.S. Federal Reserve played a key role in bolstering sentiment towards precious…
SEBI imposed a $567 million penalty on Jane Street, which the company has deposited. While it can restart trading in India, it has refrained from doing so, Reuters reported last month. File | Photo Credit: Reuters The Securities and Exchange Board of India (SEBI) launched a formal investigation into Jane Street’s trading practices even though…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee declined 15 paise to close at an all-time low of Rs 88.27 (provisional) against the U.S. dollar on Friday (September 5, 2025) amid sustained outflow of foreign funds and fear of additional U.S. tariffs against India. A weak greenback and falling crude…
Sensex closed lower by 7.25 points or 0.01%, at 80,710.76 with 14 of its components ending with gains and 16 with losses and NSE Nifty eked out gains of 6.70 points or 0.03%, to close at 24,741. File | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty closed unchanged after a volatile session on…
A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty rallied in early trade on Friday (September 5, 2025), buoyed by GST rate cuts announcement and a positive trend in global markets. The 30-share BSE Sensex climbed 318.55 points to 81,036.56 in early trade. The 50-share…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee rose 1 paisa to 88.11 against the U.S. dollar in early trade on Friday (September 5, 2025) on the back of a weaker greenback and a drop in global crude oil prices. However, sustained FII outflows capped further gains in the local…
The Central Government’s overhaul of the Goods and Services Tax (GST) system has been met with optimism in Hyderabad, where residents and traders say the changes will ease household budgets and simplify business compliance. The reforms have slashed taxes on hundreds of consumer goods from soaps to small cars and streamlined the GST structure into…
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was up 0.08% to 98.21. Representational file image. | Photo Credit: Reuters The rupee fell 12 paise to close at 88.14 (provisional) against the U.S. dollar on Thursday (September 4, 2025) amid sustained foreign fund outflows and a stronger greenback. However,…
The 30-share Sensex settled 150.30 points or 0.19%, higher at 80,718.01 and the 50-share NSE Nifty ended marginally higher by 19.25 points or 0.08%, at 24,734.30. File | Photo Credit: Reuters Stock markets rose for the second consecutive day on Thursday (September 4, 2025), with the benchmark BSE Sensex closing higher by 150 points after…
Gold prices retreated from record highs by plunging ₹1,000 to ₹1,06,070 per 10 grams in the national capital on Thursday (September 4, 2025), as traders booked profits in tandem with a weak trend in global markets. The precious metal of 99.9% purity had settled at ₹1,07,070 per 10 grams, its all-time high level on Wednesday…
