Gold has surged by more 50% this year, hitting a record in October before losing some ground after a torrid rally. Gold steadied after the biggest gain in about a week, as traders assessed the outlook for US interest rates following private-sector jobs data. Bullion held just above $3,980 an ounce, after rising 1.2 per…
At the interbank foreign exchange, the rupee opened at 88.51 and went up to 88.49 before trading at 88.62 against the greenback in early deals, up 8 paise from its previous closing level. | Photo Credit: Getty Images/iStockphoto The rupee appreciated 8 paise to 88.62 against the U.S. dollar in early trade on Thursday (November…
The upcoming Household Income Survey, 2026, which is going to be the first of its kind, could offer the clearest picture yet of India’s households, revealing how they are coping, changing, and moving towards the future. However, the challenge with such an exercise lies in the sensitive nature of questions about individual income, which many…
File photo of Aurobindo Pharma office. | Photo Credit: The Hindu Aurobindo Pharma reported September quarter consolidated net profit rose nearly 4% to ₹848 crore compared with ₹817 crore a year earlier aided by higher formulations revenue. The net profit came on a more than 6% increase in the revenue from operations of the Hyderabad-headquartered…
City Union Bank logo. Photo: Facebook/City Union Bank City Union Bank on Monday (November 3, 2025) reported a 15% rise in net profit at ₹329 crore for the second quarter ended September 30, 2025. The bank had earned a net profit of ₹285 crore in the year-ago period. Total income also increased to ₹1,912 crore…
Amid record high gold prices, Tanishq has seen a sharp rise in consumers trading old gold for new purchases. The jewellery major reported a 69 per cent surge in gold exchange sales during the second quarter, with the trend now emerging as a long-term consumer behaviour shift rather than a festive spike, said Arun Narayan,…
FILE PHOTO | Photo Credit: Leonhard Foeger India now needs a comprehensive policy on gold to clearly define whether gold should be treated as a commodity or money, and how customers should perceive it, stated a report by State Bank of India (SBI). The report pointed out that perceptions of gold in the East and…
Gold rebounded as investors sought safety following a slump in global stocks due to concerns around elevated valuations. Spot bullion rose toward $4,000 an ounce, after falling almost 2 per cent in the previous session as a gauge of the US currency advanced for a fifth day. Global stocks were lower on Wednesday after suffering…
V. Anantha Nageswaran | Photo Credit: ANI Chief Economic Advisor (CEA) V. Anantha Nageswaran on Tuesday said investments being made in India must focus on the economy becoming more competitive. He was responding to a question on addressing export gaps in the light of the recent tariffs imposed by the U.S. I Speaking at Delhi University’s…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Equity benchmark indices Sensex and Nifty tumbled on Tuesday (November 4, 2025) amid persistent foreign fund outflows and weak trend in Asian and European markets. The 30-share BSE Sensex dropped 519.34 points, or 0.62%, to settle at 83,459.15. During the day, it tanked 565.72…
