Economy

Gold Steadies Above $1,650 as Safe Haven Appeal Creeps Back in

Gold prices steadied above a major support level on Monday as growing risks of an economic recession spurred some safe-haven demand for the yellow metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop. Spot rose 0.2% to $1,663.99 an ounce, while gold futures were flat around $1,672 an ounce […]

Russian oil tankers
Economy

Russian oil tankers receive India’s insurance through a company in Dubai

Following the withdrawal of Western certifiers due to international sanctions against Moscow, India is now providing safety certification for dozens of ships managed by a subsidiary of the leading Russian shipping company Sovcomflot, according to official data. This has enabled oil exports to India and other countries. After insurance, certification from one of the top […]

Economy

Indian economy recovering well, but Omicron poses a risk

By Administrator_India Capital Sands  RBI’s recent surveys show for the year ahead, consumers are buoyed by sentiments on income and employment The Indian economy “continues to forge ahead, emerging out of shackles of pandemic,” but the rise of the Omicron variant has emerged as the biggest risk factor, said the state of the economy report released with […]

Petrol, diesel prices today: Fuel rates hit fresh all-time high; petrol near Rs 110/litre in Mumbai
Economy

Petrol, diesel prices today: Fuel rates hit fresh all-time high; petrol near Rs 110/litre in Mumbai

By Administrator_India Capital Sands Petrol and diesel prices across the country soared to fresh all-time high levels on October 9 as rates were hiked for the fourth consecutive day, in line with the spurt in international oil prices. Petrol price was increased by 30 paise per litre and diesel by 35 paise a litre, according […]

FM Nirmala Sitharaman to start 2-day visit to Mumbai from today
Economy

FM Nirmala Sitharaman to start 2-day visit to Mumbai from today

By Administrator_India Capital Sands Union Finance Minister Nirmala Sitharaman will be visiting the financial capital for two days starting on August 24 to meet key stakeholders. She will begin the day with a meeting with officials from the Income Tax department in the Bandra Kurla Complex business district and follow it up with deliberations on […]