A mix of global tensions, corporate earnings and key economic cues is set to shape stock market movement in the coming week, which will be shorter due to a market holiday on Friday for Maharashtra Day.Developments in the Middle East, particularly around the Strait of Hormuz, remain at the centre of investor attention, with their…
NEW DELHI: The government on Wednesday raised import tariffs on gold and silver to 15% from 6%, according to Reuters. The move is aimed at curbing precious metal imports and easing pressure on India’s foreign exchange reserves.The sharp increase in duties comes just days after Prime Minister Narendra Modi urged Indians to avoid buying gold…
Infosys is no longer enjoying the strong investor confidence that it once did. This year, the IT giant, long seen as one of Dalal Street’s reliable compounders, has come under heavy pressure. The company fallen out of India’s top 10 most valued companies, after seeing a wipe out of more than Rs 2 lakh crore…
The yellow metal is likely to consolidate in near term with a possible test of support at $4370. Gold price prediction today: Gold prices are under pressure due to the US Federal Reserve chair’s hawkish outlook, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Gold Price Performance: The Fed Chair Warsh, in his…
With a sanctions waiver in place, India has in the last two months aggressively stepped up purchases of Russian crude oil. (AI image) In a U-turn on its earlier decision, the Donald Trump administration has extended the sanctions waiver on purchase of Russian crude oil at sea. The move comes two days after the earlier…
India emerged as one of the fastest-growing steel markets as global steel prices rose across major regions in April and early May, according to a Goldman Sachs report. In its “Global Steel: The Steel Market Barometer – May Update”, Goldman Sachs said average hot rolled coil (HRC) prices increased across nearly all major markets in…
Aamir Khan has finally decided which project will go on floors next. The actor has reportedly locked dates for Ashutosh Gowariker’s upcoming sports drama based on the historic 1952 India-Pakistan Test series, pushing the much-awaited sequel to ‘3 Idiots’ further down the line. The Rajkumar Hirani directorial is now expected to begin sometime around mid-2027….
BYD India today showcased its DM-i (Dual Mode Intelligent) technology in India, bringing the company’s globally established plug-in hybrid system to the country. The technology is expected to support BYD’s future product plans in India and offers a claimed combined driving range of more than 1,200km. Unlike conventional hybrid systems that rely primarily on the…
HDFC Bank raises record $1.8 bn via dollar bond issue MUMBAI: HDFC Bank has raised $1.75 billion through a dual-tranche dollar bond issue from its GIFT City branch to fund overseas lending and general banking operations.The issue comprises $500 million of three-year notes at 5.15% and $1.25 billion of five-year notes at 5.4%, settling Aug…
Higher crude prices could raise costs across fuel, transport and other energy-intensive sectors, adding to domestic inflation pressures. State-owned fuel retailers are losing around Rs 5 per litre on petrol and Rs 23 per litre on diesel as renewed tensions in West Asia pushed international crude oil prices above $100 a barrel, analysts said on…