Ten grams of 24-carat gold is selling at Rs 50,180 on Thursday, down Rs 280 since the last trade as demand dips for the safe-haven bullion. Gold of 22 carats is selling at Rs 46,000, down Rs 250 from Wednesday according to the Goodreturns website. One kg of silver is selling at Rs 64,300, down Rs 100 from […]
Tag: NEWS
Aviation turbine fuel prices climb to record high after 5.2% hike
Jet fuel prices on Wednesday soared to record high levels across the country after rates were increased by 5.2 per cent in line with a rise in international oil prices. This is the fourth hike in jet fuel or Aviation Turbine Fuel (ATF) prices in less than two months following a spike in global oil prices but petrol […]
Indian markets close sharply higher amid easing geopolitical tensions
The benchmark indices rebounded on Tuesday, recouping all of previous day’s losses, on reports of de-escalation of tensions between Russia and Ukraine. The news came as much-needed relief to equity markets which were rattled after a massive mobilisation of the Russian army around Ukrainian borders led to fears of an invasion and a standoff between the US and Russia. The […]
India cuts tax on crude palm oil imports to help consumers, refiners
India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development […]
Gold trading at Rs 49,970 per 10 gm today; silver is at Rs 62,600/kg
The price of 10 gram of 24-carat gold remained unchanged on Saturday to trade at Rs 49,970, keeping with international trend for the precious metal. Gold of 22 carat is selling at Rs 45,800. One kg of silver is selling at Rs 62,600, down Rs 100. In Delhi and Mumbai, 24-carat gold is selling at […]
Bank, NBFC shares rally as RBI surprises with a dovish monetary policy
Shares of banks and non-bank lenders went on the fast lane after the Reserve Bank of India’s Monetary Policy Committee retained the key rates unchanged and maintained its accommodative stance on February 10, contrary to expectations of some economists. The central bank’s projection of a decline in inflation in the second half of the next […]
Gold trading at Rs 49,530 per 10 gm today; silver is at Rs 61,900/kg
The price of 10 gram of 24-carat gold increased by Rs 250 on Wednesday, with the yellow metal trading at Rs 49,530. The price of 22-carat gold is selling at Rs 45,400, up Rs 200. One kg of silver is selling at Rs 61,900, up Rs 300 from yesterday In Delhi and Mumbai, the price […]
India GDP estimated at Rs 147.5 lakh crore in FY22: MoS Finance Pankaj Chaudhary
India’s gross domestic product (GDP) is projected to grow at 9.2 per cent to Rs 147.5 lakh crore in 2021-22, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written reply to a query in the Lok Sabha, Chaudhary said the government has implemented several major reforms in recent years to boost […]
Amazon surges with record $190 billion gain in value, shares jump 13.5%
A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value. Shares of the online retail and cloud computing giant surged 13.5% on Friday following its blowout quarterly report, expanding its market capitalization by around $190 billion by […]
Covid cases in decline, third wave peak crossed on January 21
With the Covid trajectory of the third wave in decline for the past two weeks, the health ministry said on Thursday that the cases peaked at 347,245 on January 21 — at a level lower compared to the second wave peak when daily cases had touched 414,188. “We don’t talk in terms of waves but only present […]