11:00 (IST) Aug 19 Gold eyes $4,400 break, Brent may head towards $80 Gold’s bias remains positive, but a sustained break above $4,400 an ounce is needed for further gains, while renewed energy inflation or higher yields could trigger consolidation. Brent crude could eventually decline towards $80 per barrel due to sustained Gulf exports and … Read more
ETF inflows, central-bank buying and softer US data are keeping the medium-term setup constructive. Gold price prediction today: Gold prices are seeing positive momentum, and while volatile, the near-term outlook remains optimistic, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold gained around 0.7% last week and extended the … Read more
Shiprocket made stellar market debut, reached high of Rs 144 post listing Shares of e-commerce logistics platform Shiprocket made a strong debut on the stock exchanges on Wednesday, listing at a premium of around 35% over its issue price amid strong investor demand for the company’s initial public offering.On the NSE, Shiprocket shares opened at … Read more
IBC was drafted in a way that it allowed banks and other creditors to invoke the provisions to recover the dues from guarantors, in case the claims were not fully realised through the corporate insolvency resolution process. (Representative Image) NEW DELHI: Insolvency & Bankruptcy Code (IBC) may have helped recover around 31% of claims in … Read more
Indian equities remain under pressure as investors navigate a difficult combination of elevated crude oil prices, rising global bond yields and renewed uncertainty surrounding the US-Iran conflict. The Sensex and Nifty have already endured a prolonged losing streak, with the Nifty falling for six consecutive sessions through Tuesday. The index lost 132.75 points, or 0.55 … Read more
The Income Tax Department on Tuesday launched a nationwide verification exercise. (Photo: IANS) NEW DELHI: The income tax department on Tuesday said it conducted a nationwide field verification exercise, including in some border districts, against a group of entities and fictitious charitable trusts, alleged to have sent “large” amounts of funds outside the country over … Read more
US and Canada were reached a deal after having last-minute talks (Canada PM Carney and US President Trump file pics) The United States and Canada reached a last-minute deal on Tuesday to delay President Donald Trump’s planned 50 per cent tariffs on $20 billion worth of Canadian imports, giving the two countries more time to … Read more
Klaus Zellmer, the Chief Executive Officer (CEO) and Chairman of the Board of Directors of Škoda Auto. (Photo: Reuters) MUMBAI: Skoda Auto is gearing up to debut its electric vehicle (EV) in India in 2028, CEO Klaus Zellmer said in an interview here on Tuesday.The company is looking to step up growth in the market … Read more
ITC Hotels is “evaluating multiple” offers from property owners in Dubai to manage luxury and premium hotels there as the region tries to make a comeback, amid US-Iran conflict. NEW DELHI: ITC Hotels is “evaluating multiple” offers from property owners in Dubai to manage luxury and premium hotels there as the region tries to make … Read more
Union Finance Minister Nirmala Sitharaman. (Photo: ANI) NEW DELHI: Urging public sector banks (PSBs) to develop a long-term banking relationship with the youth, finance minister Nirmala Sitharaman Tuesday said they should adopt a “lifecycle” approach and aim to become the preferred financial partner across different life stages of an individual — from campus to career … Read more