According to an assessment by Bloomberg Economics, RBI sold gold worth around $12 billion during the two weeks ending May 22. (AI image) Amid the ongoing US-Iran conflict, the Reserve Bank of India may have sold some of its gold holdings to protect foreign exchange reserves from the economic fallout of the Middle East situation,…
Rising petrol and diesel prices could rekindle inflationary pressures in the economy by increasing transportation, logistics and manufacturing costs, with the impact likely to be felt across food and consumer goods categories in the coming months, according to a Crisil report released on Tuesday.Petrol and diesel prices have risen by around Rs 7.5 per litre…
AI image for representive purpose The story of a Delhi jobseeker who travelled to Hyderabad for an interview, spending about ₹14,000 on flight tickets and reportedly being turned down in 10 minutes, has led to a wider discussion online about hiring practices, travel reimbursements and the growing desperation among candidates in a tough job market.A…
Screen grab from X @AshwiniVaishnaw’s video The Mumbai-Ahmedabad Bullet Train project achieved its third mountain tunnel breakthrough in Maharashtra within five months, marking another milestone in the construction of India’s first high-speed rail corridor.The breakthrough took place in Dahanu taluka of Palghar district in Maharashtra.Union railway minister Ashwini Vaishnaw on Tuesday posted on X, “Mumbai-Amdavad…
Gold price prediction today: Gold prices continue to be weighed down by inflation concerns amid geopolitical tensions and rising oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
BENGALURU: Nandan Nilekani turns 71 on Tuesday, and if all goes as per plan, Infosys shareholders will re-elect him as non-executive chairman for a third successive term at the company’s annual general meeting to be held later this month.Since his reentry into Infosys in 2017, after the tumultuous period under then CEO Vishal Sikka, things…
“Indian equity markets are expected to open on a negative note, with Gift Nifty trading at 23,260, down by 180 points. Asia-Pacific equities traded mixed in early trade following a volatile session on Wall Street, as strength in technology stocks was offset by persistent geopolitical uncertainties. In the previous session, The Nifty 50 remained under…
Oil prices increased slightly on Tuesday amid ongoing uncertainty over talks between the United States and Iran and speculation around the potential reopening of the Strait of Hormuz, one of the world’s most critical energy transit routes.Brent crude futures rose by 0.06% to $95.04 a barrel, while US West Texas Intermediate declined slightly by 0.18%…
South Korea’s stock market has overtaken India to become the world’s sixth-largest equity market by value. (AI image) In yet another setback, South Korea’s stock market has overtaken India to become the world’s sixth-largest equity market by value. Last week, India was overtaken by Taiwan to become the fifth largest stock market. Within a week,…
Morgan Stanley maintained its overweight rating on Reliance Industries with the target price at Rs 1,803. Analysts said RIL is deploying $15 billion annual operating cash flows with shorter monetisation cycles now the new norm. New energy and AI infrastructure flagged as key value drivers funded by existing businesses. Kutch land assets of 550,000 acres…
