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Gold and silver futures surged on the MCX, with silver hitting a fresh lifetime high and gold nearing record levels, as rupee weakness and global cues supported prices amid heightened volatility ahead of key central bank meetings. Gold and silver futures opened on a strong note on Wednesday, with silver March futures on the MCX rising sharply by Rs 7,414, or 3.75%, to trade at Rs 2,05,169 per kilogram, after hitting a fresh lifetime high for silver at Rs 2,05,665 per kg. Meanwhile, gold Februa ...Read More >
New Delhi, Dec 17 (PTI) Silver prices surged to a new lifetime high of Rs 2,05,934 per kilogram in the futures trade on Wednesday, supported by a rally in the white metal globally amid signs of tightening supplies and expectations of rate cuts by the Federal Reserve next year. On the Multi Commodity Exchange (MCX), silver futures for March contract zoomed by Rs 8,179, or 4.14 per cent, to touch a lifetime high of Rs 2,05,934 per kilogram. The metal had closed at Rs 1,97,755 per kg on Tuesday. ...Read More >
New Delhi: Snapping the four-day record rally, gold prices declined by Rs 1,700 to Rs 1,35,900 per 10 grams in the national capital on Tuesday as investors booked profits amid weak global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams on Monday. The metal rose by Rs 6,000 over the previous four days, trading at record highs. "Gold prices witnessed profit booking and rema ...Read More >
MUMBAI, Dec 16: The benchmark Sensex tumbled 533.50 points to settle at 84,679.86 on Tuesday, while the Nifty fell 167.20 points to a week's low of 25,860.10, as foreign fund outflows, a weak rupee, and sluggish global markets dampened investor sentiment. Axis Bank led the losses among Sensex constituents, dropping 5.03%, followed by Eternal, HCL Tech, Bajaj Finserv, Tata Steel, UltraTech Cement, and Bajaj Finance. In contrast, Titan, Bharti Airtel, Mahindra & Mahindra, and Asian Paints were am ...Read More >
Bhubaneswar: Odisha is poised to emerge as a major pharma hub in eastern India by manufacturing quality medicines and developing advanced devices for treatment, said Chief Minister Mohan Charan Majhi here Tuesday. Addressing the Odisha Pharma Summit 2025, Majhi said that the government is fulfilling all the requirements to make Odisha the first choice state for investors. The CM said he is also committed to developing non-traditional industries in the state. "Odisha is currently one of the best ...Read More >
Indian markets tumbled with Sensex down 522 pts (0.63%) at 84,679 and Nifty 167 pts (0.64%) at 25,860 as rupee breached 91 vs USD. | Image: Republic The Indian stock market faced significant losses amid the rupee falling to record low levels and weak global cues keeping the market under pressure. Indian rupee crossed the 91 mark for the first time, and has lost 1% in the last five trading sessions against the US dollar. Sensex suffered a loss of 0.63% or 522 points at 84,679.86, while the Nift ...Read More >
Bhubaneswar, Dec 16 (PTI) The Odisha government on Tuesday signed 45 memoranda of understanding (MoUs) with several companies, involving a total investment commitment of Rs 6,263 crore. The MoUs were signed here in the presence of Chief Minister Mohan Charan Majhi and Industries Minister Sampad Chandra Swain during the Odisha Pharma Summit-2025, officials said. These units in pharmaceuticals, medical technologies, and industrial infrastructure sectors are expected to generate employment for 38 ...Read More >
Bhubaneswar: Odisha marked a major milestone in its industrial expansion with the signing of 45 Memoranda of Understanding (MoUs) worth ₹6,263 crore at the Odisha Pharma Summit 2025 in Bhubaneswar on Tuesday. The investment proposals are expected to generate 38,406 employment opportunities across the state, giving a significant boost to the pharmaceutical and medical devices sectors. The MoUs were signed in the presence of Chief Minister Mohan Charan Majhi at a programme held at Hotel Taj Vivan ...Read More >
Vedanta's plan to demerge its oil-to-metals conglomerate into five separate listed entities has received approval from the National Company Law Tribunal (NCLT). This development comes despite earlier concerns from the government regarding the recovery of dues. Following the news, Vedanta's shares turned positive, rising 3.5%. The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for the splitting of the metals-to-oil conglomerate sector-specific ...Read More >
Mumbai (Maharashtra) [India], December 16 (ANI): The Indian stock market faced significant losses amid the rupee falling to record low levels and weak global cues keeping the market under pressure. Indian rupee crossed the 91 mark for the first time, and has lost 1% in the last five trading sessions against the US dollar. Sensex suffered a loss of 0.63% or 522 points at 84,679.86, while the Nifty 50 was down by 0.64% or 167 points at 25,860.10. Among the sectors, Nifty Realty emerged as the t ...Read More >
CHENNAI: Vedanta Ltd on Tuesday received a crucial legal clearance from the Mumbai bench of the National Company Law Tribunal, paving the way for the breakup of the diversified oil-to-metals conglomerate into five separate businesses, the company confirmed in a clarification sought by stock exchanges. The approval marks a major milestone in a restructuring exercise that the company has pursued for over two years, aimed at simplifying its corporate structure and sharpening the strategic focus of ...Read More >
Mumbai: The long legal wait around Vedanta's demerger has finally ended. The Mumbai bench of the National Company Law Tribunal (NCLT) has approved Vedanta Limited's demerger scheme, giving a major boost to the company and its shareholders. With this approval, Vedanta can now move ahead with plans to split its businesses into separate listed companies. All key approvals from shareholders, creditors, and SEBI had already been received earlier. The NCLT clearance was the last major regulatory hurd ...Read More >
Mumbai, Dec 16 (PTI) The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for the splitting of the metals-to-oil conglomerate sector-specific entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, comprising Charanjeet Singh Gulati and Nilesh Sharma said. NCLT had reserved the order after hearing the matter on November 12. The Ministry of Petroleum a ...Read More >
The turn of events led to a loss of face for West Bengal before the entire world, the petitioner alleged Ripples of Saturday's Salt Lake stadium spectator rampage during Argentine football legend Lionel Messi showcasing event reached the corridors of the Calcutta High Court on Monday after Acting Chief Justice Sujoy Pal allowed the filing of three separate PILs related to the fiasco. The petitions sought the court's intervention to transfer the probe into the stadium violence to central agenci ...Read More >
New Delhi: Gold prices surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams in the national capital on Monday, tracking firm global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,33,600 per 10 grams on Friday. "Gold prices scaled even higher as international spot gold surged towards the $ 4,350 zone, triggering a strong rally in the domestic market," Jateen Trivedi, VP Research Analyst, Commodity and Currenc ...Read More >
New Delhi: In the autumn of 1965, as the Cold War tightened its grip on the world, a small group of American and Indian climbers set out on a mission that few people knew about and even fewer would ever acknowledge. Their destination was Nanda Devi, one of India's most formidable Himalayan peaks. Their cargo was far more dangerous than ropes, tents or food supplies. Hidden inside metal casing was a plutonium-powered generator designed to spy on China. China had recently tested an atomic bomb, r ...Read More >
New Delhi: Wholesale inflation in November this year was in a negative zone, down by 0.32 per cent due to falling prices of food articles, oils and electricity. However, the figure was still 0.71 per cent up as compared to the previous month, when the WPI recorded a sharp plunge registering at (-) 1.21 per cent in October and 2.16 per cent in November last year. This increase in November, however, is attributed to the month-on-month increase in the prices of pulses and vegetables, the government ...Read More >
New Delhi, Dec 15 (PTI) After recording about threefold surge in the inbound shipments in October, the country's gold imports dipped about 60 per cent to USD 4 billion in November, according to commerce ministry data. Gold imports stood at USD 9.8 billion in November 2024. Cumulatively, imports during April-November this fiscal year rose 3.3 per cent to USD 45.26 billion from USD 43.8 billion a year ago. The country's gold imports surged about threefold year-on-year to hit a record high of US ...Read More >
Gold is consolidating high again, prolonging its remarkable monster bull. Since rocketing into extreme overboughtness in mid-October, gold has largely been drifting sideways on balance. This is really defying precedent for big-and-fast drawdowns after such massive runs, for an unbelievable fourth time in this bull. How its three earlier high consolidations played out offers insights into this current one's likely behavior. In a single month into October 20th, gold soared 18.2% achieving 15 new ...Read More >
New Delhi : Vedanta Limited, India's leading energy-transition metals, oil & gas, critical minerals, power and technology conglomerate, reaffirmed its commitment to accelerating India's clean-energy transition on the National Energy Conservation Day. The Group's decarbonisation strategy uses four levers: renewable energy expansion, switching to low-carbon fuels, energy and process efficiency, and carbon offsets. Leveraging a multi-pronged approach, till November FY26, Vedanta sourced 2.58 billi ...Read More >
Mumbai: Indian equity markets ended the week on a positive note after the Reserve Bank of India (RBI) announced a 25 basis point cut in the repo rate, bringing it down to 5.25 percent. The Monetary Policy Committee, led by Governor Sanjay Malhotra, also maintained a neutral policy stance. The central bank delivered a double surprise-cutting rates and sharply lowering the FY26 inflation forecast to 2 percent from 2.6 percent, while raising the growth projection to 7.3 percent from 6.8 percent. A ...Read More >
New Delhi, Dec 1 (PTI) Gold prices surged by Rs 3,040 to Rs 1,33,200 per 10 grams in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association. Analysts said sustained jewellery demand amid the ongoing wedding season supported the precious metal. The precious metal of 99.5 per cent purity zoomed by Rs 3,040 to Rs 1,32,600 per 10 grams (inclusive of all taxes). Gold is now inching closer to its all-time high of Rs 1,34,800 ...Read More >
Ranchi, Nov 20 (PTI) SAIL's Bokaro steel plant on Thursday said it has signed a licencing agreement with DRDO's Defence Metallurgical Research Laboratory (DMRL) for transfer of technology. By this pact, Bokaro steel plant will utilise the technology to manufacture special steel used in defence applications. "By this agreement, DRDO grants a non-inclusive licence to utilise the technology for the manufacture of DMR 249A steel sheets for naval applications in India and sell to Indian armed force ...Read More >
New Delhi, Nov 20: Gold and silver prices declined in the futures trade on Thursday as investors trimmed their positions after the US Federal Reserve's latest meeting minutes signalled continued caution over rate cuts. Gold Drops ₹511; Silver Down ₹411 On the Multi Commodity Exchange (MCX), gold futures for December delivery declined by Rs 511, or 0.42 per cent, to Rs 1,22,540 per 10 grams in a business turnover of 10,456 lots. Silver futures were also under pressure, with the white metal for ...Read More >
VMPLNew Delhi [India], November 14: The Anil Agarwal Foundation (AAF), the social impact arm of the Vedanta Group, India's leading energy transition metals, oil & gas, critical minerals, power, and technology conglomerate announced a landmark moment in India's social impact journey. Nand Ghar, Vedanta's flagship social impact initiative, has surpassed the 10,000 centers milestone across 16 states, transforming the lives of over four lakh children and three lakh women every day, nationwide.Nand G ...Read More >
VMPL New Delhi [India], November 14: The Anil Agarwal Foundation (AAF), the social impact arm of the Vedanta Group, India's leading energy transition metals, oil & gas, critical minerals, power, and technology conglomerate announced a landmark moment in India's social impact journey. Nand Ghar, Vedanta's flagship social impact initiative, has surpassed the 10,000 centers milestone across 16 states, transforming the lives of over four lakh children and three lakh women every day, nationwide. Na ...Read More >
New Delhi [India] November 13 (ANI): The Union Cabinet's decision to amend royalty rates for key critical minerals may help attract more bidders in upcoming auctions, but the move will not deliver strategic gains unless India simultaneously builds domestic processing capacity, the Global Trade Research Initiative (GTRI) has cautioned. According to the think tank, the shift to a low 1-4 per cent ad-valorem royalty structure for minerals such as graphite, zirconium, rubidium and caesium is a welc ...Read More >
Mumbai: Gold and silver prices kept climbing on Thursday, riding a wave of optimism after the US government finally ended its long shutdown. Investors, still wary about the US economy and hoping for a friendlier Federal Reserve, rushed toward precious metals for some safety. Over at the Multi Commodity Exchange (MCX), gold futures for December delivery shot up by Rs 1,180, landing at Rs 1,27,645 per 10 grams. The February 2026 contract did even better, leaping Rs 1,360 to Rs 1,29,320 per 10 gra ...Read More >
New Delhi, Oct 30 (PTI) Gold prices fell by Rs 1,000 to Rs 1,23,400 per 10 grams in the national capital on Thursday amid a firm dollar after the Federal Reserve hinted at a slower pace of rate cuts and progress in US-China trade talks. The precious metal of 99.5 per cent purity depreciated by Rs 1,000 to Rs 1,22,800 per 10 grams (inclusive of all taxes) from Wednesday's close of Rs 1,23,800 per 10 grams, according to the All India Sarafa Association. In the local bullion market, gold of 99.9 ...Read More >
Gold Rate in India: Gold prices in India faced a double blow on Monday, October 27, slipping twice in a single day to fall below Rs 1,23,500 per 100 grams (24K), as per GoodReturns data. Barely ten days ago, the yellow metal was hovering near its record high of Rs 1,32,770 per 100 grams. As the US Federal Reserve meeting kicks off today, all eyes are now on how gold prices will move on Tuesday, October 28. Gold rate in India is witnessing the much awaited correction after breaking back-to-back ...Read More >
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