“We have seen an impressive rally in gold prices and were fortunate to be part of the uptrend since 2019,” said MOWM, adding that said some kind of “market fatigue” has begun to appear at these higher levels | Photo Credit: istock.com The six-year rally in gold, which has bedazzled the investment community with over…
Adani Group has sold a 20% stake in AWL Agri Business Limited (formerly known as Adani Wilmar Limited) to Wilmar International, Singapore, for ₹7,150 crore, according to a stock exchange filing. Adani had in December announced divestment of its entire 44% stake in Adani Wilmar in order to sharpen its focus on core infrastructure businesses….
The committee, headed by senior BJP MP Baijayant Panda, is likely to submit the report in the upcoming Monsoon Session of Parliament. File | Photo Credit: PTI The Select Committee of Parliament that examines the Income Tax Bill-2025 is learnt to have finalised its report on Wednesday (July 16, 2025) with about 285 suggestions to…
Gold purchases by central banks across the world increased to 20 tonnes in May from 16 tonnes in April. However, they were lower than the 12 months average of 27 tonnes, the World Gold Council (WGC) said. “Fresh tensions in the Middle East may have reinforced the strategic appeal of gold for central banks looking…
Image used for representation purpose only. | Photo Credit: Reuters The rupee appreciated 6 paise to 86.06 against the U.S. dollar in early trade on Friday (July 18, 2025) on the back of a weaker greenback and a marginal drop in global crude oil prices. However, steady foreign fund outflows capped sharp gains for the…
Pakistan’s Prime Minister Shehbaz Sharif. File | Photo Credit: Reuters Pakistan recorded a current account surplus of $2.1 billion during the current fiscal year ending June 30, 2025, according to official data. Prime Minister Shehbaz Sharif hailed the development as a sign of an improving economy. The country faced a perennial issue of balance of…
Image used for representation purpose only. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty declined in initial trade on Friday (July 18, 2025) dragged by foreign fund outflows and a muted start to the earnings season. Analysts said sentiment among banking stocks is especially cautious in response to Axis Bank’s latest financial results,…
The Free Trade Agreement between India and the four-nation European bloc EFTA will be implemented from October 1, Commerce and Industry Minister Piyush Goyal said on Saturday (July 19, 2025). The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. Under the pact, India has received an investment commitment of…
Local gold prices in India expected to rise towards Rs 1,00,000 per 10 grams in H2 2025, driven by investment demand. | Photo Credit: SHASHI SHEKHAR KASHYAP Local gold prices in the country are expected to maintain an upside bias in the second half of 2025, potentially moving from the current range of ₹96,500-₹98,500 per…
The 30-share BSE Sensex tanked 501.51 points or 0.61%, to settle at 81,757.73 and The 50-share NSE Nifty dropped 143.05 points or 0.57%, to close at 24,968.40. File | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty tumbled on Friday (July 18, 2025), marking their second straight day of losses due to foreign fund…
