Mumbai, Sep 16 (SocialNews.XYZ) The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of India-US trade talks and Fed rate cut expectations. Sensex closed at 82,380.69, up 594.95 points or 0.73 per cent. The 30-share index started the session slightly up at 81,852.11 against last session's closing of 81,785.74. The index extended the momentum further following value buying across the segments, excluding FMCG, amid positive global cues. It touched an intraday h...Read More
Mumbai, Sep 16 (PTI) The rupee appreciated 8 paise to close at 88.08 (provisional) against the US dollar on Tuesday, tracking US-India talks on the proposed trade agreement to iron out issues in the wake of steep Trump Tariffs. Forex traders said the rupee strengthened on positive domestic markets and a weak greenback, which is trading at a two-month low ahead of the two-day FOMC meeting commencing Tuesday and disappointing US economic data. At the interbank foreign exchange, the rupee opened ...Read More
Mumbai Gold Rate Today: The 24 karat gold rate above the historic Rs 1 lakh mark has become the new normal. Now, investors are struggling to digest how the unprecedented gold price rally has fuelled even 22 karat gold rate above the historic mark. Mumbai gold rate today, Tuesday, September 16, witnessed a sharp rally, smashing all expectations of some relief amid the festive season. The gold price rally in Mumbai today was in sync with the surge in prices of the precious metal in India and acro...Read More
Mumbai, Sep 15: The rupee witnessed range-bound trading and settled higher by 10 paise at 88.16 against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a Fed rate cut. Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit. At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday low of 88.30 and a high of 88.13 against...Read More
NEW DELHI, Sept 15 (Reuters) - Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices , which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices , which scaled a record peak of ...Read More
Chandigarh: Punjab chief minister Bhagwant Mann on Monday slammed the BJP-led central govt for not allowing Sikh pilgrims to visit Pakistan for Guru Nanak Dev's parkash purb (birth anniversary), despite the Indian cricket team playing a match against Pakistan in Dubai. He accused the Centre of having an "anti-Punjab syndrome" and trying to "ruin the state". Speaking to media, Mann said, "I want to urge the PM to desist from playing with the sentiments of Punjabis. I don't understand if the BJP's...Read More
Mumbai, Sep 15 (PTI) The rupee witnessed range-bound trading and settled higher by 10 paise at 88.16 against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a Fed rate cut. Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit. At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday low of 88.30 and a high of 88.13 ag...Read More
NEW DELHI -- Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices, which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices, which scaled a record peak of 109,840 rupees per 1...Read More
New Delhi, Sep 15 (PTI) Luxury carmaker Mercedes-Benz is looking to increase prices early next year in order to offset the impact of a weakened rupee against the euro, according to the company's MD and CEO Santosh Iyer. The automaker has already increased prices by around 3.5-4 per cent this year. "We are still priced around 93-94 to the euro, and the euro today is at 103 level, which means we will be forced to take further price increases, maybe early next year," Iyer told PTI in an interacti...Read More
Mumbai, Sep 15 (PTI) The rupee witnessed range-bound trading and settled higher by 6 paise at 88.20 (provisional) against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a FED rate cut. Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit. At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday low of 88.30 and a hig...Read More
[NEW DELHI, Sept 15 (Reuters) - Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices, which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices, which scaled a record peak of 1...Read More
Bangalore Gold Rate Today: There was a decline in the gold rate today, Monday, September 15, for the second consecutive session. The mild decline follows an exorbitant surge in the price of the precious metal amid rising geopolitical uncertainty and trade tensions. September 15's decline in gold rate has raised expectations amongst retail jewellery buyers, especially in Bangalore, of further decline in prices in the coming days. However, experts believe that the international gold rates, which ...Read More
Sopore: The bustling Sopore Fruit Mandi, Asia's second-largest fruit market, came to a complete standstill on Sunday as growers and traders staged a peaceful protest against the continuous blockade of the Srinagar-Baramulla highway. The blockade has severely disrupted the transportation of fruit, inflicting massive losses on growers and traders at the peak of the apple and pear season. With trucks stranded and shipments unable to move, truckloads of apples have begun to rot, while perishable fr...Read More
Mumbai: Hyundai Motor India Limited is one of the most popular car companies in India. It sells cars in many segments -- from small cars to SUVs. Popular models like Hyundai Aura and Hyundai Creta are loved by many people. If you're planning to buy a Hyundai car, there's good news. After September 22, prices of many Hyundai cars are going to drop. This is because these cars will now fall under the 18 percent GST slab instead of the earlier 28 percent GST slab. This means customers will get cars...Read More
Sopore, Sept 15: The Sopore fruit mandi, Asia's second-largest fresh fruit market, wore an unusual look of silence on Monday, reflecting the mounting anger of Kashmir's fruit growers over the blockade of the Srinagar-Jammu National Highway. In line with a Valley-wide two-day call for closure of all mandis across Kashmir on September 14 and 15, the Sopore mandi remained shut as growers staged peaceful protests against what they termed "government indifference" toward the plight of horticulturist...Read More
Mumbai: The rupee witnessed range-bound trading in morning deals on Monday and depreciated 4 paise to 88.30 against the US dollar, as tariff-led pressure on India's exports weighed on investor sentiments. Forex traders said the rupee traded in a tight range as it is caught between worries over US trade tariffs, persistent foreign portfolio outflows, and hopes of a US rate cut. At the interbank foreign exchange market, the rupee opened at 88.25, then lost ground and touched a low of 88.30 again...Read More
Mumbai: Gold has outpaced domestic equities on the return chart, riding a record rally fuelled by global central banks' voracious appetite, and growing investor demand for inflation-hedges. In rupee terms, the yellow metal has delivered a 50.1% return over the past year, compared with a 1.2% decline in Sensex. The past year's rally has been driven largely by central bank purchases, as uncertainty stemming from tariff wars has fuelled demand for safe-haven assets. "Central banks continue to buy...Read More
Chandigarh: Congress leader Rahul Gandhi will visit flood-affected areas in Punjab on Monday. He will land in Amritsar on a chartered flight in the morning and will take a return flight on the same plane from Pathankot after visiting flood-affected areas in border districts, an official said. As per his schedule, the Raebareli MP is set to go to flood-affected Ghonewal, Ajnala, Gurchak, and Makoura before heading to Pathankot.Punjab Congress president Amrinder Singh Raja Warring said Gandhi had ...Read More
New Delhi [India], September 14 : India's foreign exchange reserves rose by USD 4.038 billion in the week that ... New Delhi [India], September 14 : India's foreign exchange reserves rose by USD 4.038 billion in the week that ended September 5 to USD 698.268 billion, driven largely by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement.' The country's foreign exchange (forex) kitty is hovering close to its all-time high of USD 704.89 billi...Read More
New Delhi: Power cuts have always been a major problem for the people of Delhi, but this problem is now on its way to becoming history. According to the reports, the national capital has received the country's first hotline maintenance vehicle. The vehicle will carry out repair and maintenance work without cutting off electricity. This means tasks like replacing wires, repairing jumpers, and trimming trees and plants can now be done on live lines, sparing consumers the trouble of power outages. ...Read More
Kanpur (UP), Sep 13 (PTI) The widow of a Kanpur businessman who was killed in the Pahalgam terror attack has called for the boycott of the upcoming cricket match between India and Pakistan in the Asia Cup 2025, scheduled for this Sunday. Aishanya, the widow of Shubham Dwivedi, criticised the Board of Control for Cricket in India (BCCI) for their decision to proceed with the match after the attack that claimed the lives of 26 civilians, including her husband. Speaking to PTI on Saturday, Aishan...Read More
Mumbai, Sep 13 (SocialNews.XYZ) The Indian equities displayed strong bullish momentum this week on hopes of stronger H2 FY26 earnings, driven by GST rationalisation and the benefits of monetary easing. Benchmark indices Nifty and Sensex ended the week with a gain of around 1.32 per cent and 1.21 per cent, respectively, with the rally driven by auto and IT stocks. Midcap and smallcap stocks outperformed the benchmark indices. The IT index exhibited its rally, driven by renewed hopes of a Fed ra...Read More
Rotten apples lie on the ground near trucks stranded along the Jammu-Srinagar National Highway, after the highway road was closed following landslide and floods, in Qazigund town, Anantnag district. REUTERS Apple growers in Kashmir are staring at huge losses this year as floods and highway closures disrupt the peak harvest season, enmeshing growers and truckers in uncertainty, farmers and industry officials say. Losses of between Rs 600 crore and Rs 700 crore ($68 million and $79 million) are ...Read More
New Delhi, Sep 12 (PTI) For years, Minakshi waited in the wings, honing her ring craft and watching others take centre stage. Accustomed to playing second fiddle to 2023 world champion Nitu Ghanghas for years, the 24-year-old seized her maiden chance with poise and purpose. On the grandest platform of her young career, she confirmed a medal on debut at the World Championships, defeating England's Alice Pumphrey with authority to move into the women's 48kg semifinal on Friday. The lanky Minaks...Read More
New Delhi, Sep 12 (PTI) For years, Minakshi waited in the wings, honing her ring craft and watching others take centre stage. Accustomed to playing second fiddle to 2023 world champion Nitu Ghanghas for years, the 24-year-old seized her maiden chance with poise and purpose. On the grandest platform of her young career, she confirmed a medal on debut at the World Championships, defeating England's Alice Pumphrey with authority to move into the women's 48kg semifinal on Friday. The lanky Minaks...Read More
Mumbai: The Indian rupee saw a modest recovery on Friday from its record low a day earlier on inflows from a domestic IPO and dollar sales by the Reserve Bank of India (RBI) to prevent steep rupee depreciation. The rupee closed at 88.275 to a dollar, up 16.6 paise compared to Thursday's record low closing of 88.44. Abishek Goenka, founder and chief executive officer at IFA Global said, "The rupee appreciated marginally today boosted by rising expectations that the US Federal Reserve will begin ...Read More
New Delhi, Sep 12: India's foreign exchange reserves increased by $4.03 billion to touch $698.26 billion for the week ending September 5, according to data released by the Reserve Bank of India (RBI) on Friday. This comes after reserves had already risen by $3.51 billion in the previous week, taking the total to $694.2 billion as of August 29. Foreign Currency Assets Increase The RBI data showed that foreign currency assets (FCAs), the largest part of the reserves, went up by $540 million to ...Read More
Mumbai, Aug 26 (PTI) The rupee depreciated 12 paise to close at 87.68 (provisional) against the US dollar on Tuesday, tracking weak domestic markets after the US issued a draft notice on plans to implement an additional 25 per cent tariff on Indian products. Forex traders said the rupee lost momentum as worries over the looming 25 per cent additional US tariff on Indian goods, set to take effect from August 27, drove strong dollar demand from importers. At the interbank foreign exchange market...Read More
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More
New Delhi, Aug 26 (PTI) Gold prices jumped by Rs 600 to Rs 1,00,770 per 10 grams in the national capital on Tuesday, supported by a weak rupee and firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,00,170 per 10 grams on Monday. Gold of 99.5 per cent purity climbed Rs 500 to Rs 1,00,400 per 10 grams (inclusive of all taxes) from the last close of Rs 99,900 per 10 grams. Silver prices rallied by Rs 3,000 to revisit t...Read More