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Ranchi, Dec 15 (PTI) Jharkhand minister Irfan Ansari on Monday launched the state's paddy procurement exercise during a programme in Jamtara district. Addressing farmers at the inaugural function, Ansari said the government would procure paddy at Rs 2,450 per quintal and has set a target of purchasing 7 lakh metric tonnes during the current season. "This is not merely a scheme but an initiative to restore the trust of farmers," the food, public distribution and consumer affairs minister said. ...Read More >
Indian equities opened the week on a weak footing Monday, with the Sensex and Nifty snapping a two-session rally as persistent foreign investor selling and lingering uncertainty around a potential U.S. trade deal tempered risk appetite. The S&P BSE Sensex slipped over 350 points, to trade at 85,900, while the NSE Nifty 50 fell over 100 points, to slip 25,950, with early losses reflecting investor unease over global and policy-related headwinds. On the 30-share Sensex, Mahindra & Mahindra, Tren ...Read More >
CHENNAI: Gold prices in the city surged by Rs 720 on December 15, pushing the yellow metal to Rs 99,680 per sovereign (8 grams) and Rs 12,460 per gram, a Rs 90 rise from the previous day (Dec 13). This is now the highest price recorded this year. A day earlier, on December 13, the 22-carat metal cost Rs 98,960 per sovereign and Rs 12,370 per gram. The current gold rally comes after the US Federal Reserve delivered a much-anticipated rate cut and signalled further easing next year, weakening th ...Read More >
Mumbai, Dec 5 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said that the policy repo rate will continue to be "low" till the inflation remains benign. Speaking to reporters at the RBI headquarters after announcing a 25 basis points cut in the repo rate to 5.25 per cent, he declined to specify the level to which the repo rate can go to but added that the RBI's inflation estimates point to benign numbers. "Going forward, we expect benign inflation and so if the inflation continues to be ...Read More >
New Delhi, Nov 20 (PTI) Reserve Bank Governor Sanjay Malhotra on Thursday said the central bank does not target any level of rupee, and the recent depreciation of the domestic currency against the US dollar is due to demand for the greenback. The governor also said that the Reserve Bank has "very good" buffers of foreign exchange reserves, and there is no need for concern on the external sector. Delivering the VKRV Rao Memorial Lecture at the Delhi School of Economics, Malhotra also said the f ...Read More >
Mumbai, Nov 19 (PTI) The rupee closed 2 paise higher at 88.58 (provisional) against the US dollar on Wednesday, aided by buying momentum in domestic equity markets and lower crude oil prices overseas. Forex traders said a strong American currency and outflow of foreign capital prevented a sharp gain in the rupee even as investors were concerned about the progress on the proposed India-US trade deal. At the interbank foreign exchange market, the rupee opened at 88.57 and hit an intra-day high o ...Read More >
New Delhi [India], November 16 (ANI): India's foreign exchange reserves declined by USD 2.699 billion in the week that ended November 7 to USD 687.034 billion, driven by a slump in both foreign currency assets and gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed. Over the past month, the forex kitty has been in a downtrend, except for one week. Still, the country's foreign exchange (forex) kitty is hovering close to its all-time high of USD 704.89 b ...Read More >
MUMBAI: The key domestic equity indices closed flat on Thursday, erasing early gains amid profit booking in IT and auto heavyweights, ahead of Bihar election results. Sensex ended the session at 84,478.67, up 12.16 points or 0.01 per cent. Continuing the previous day's rally, the 30-share index started trading higher at 84,525.89 against last session's closing of 84,466.51. However, the index traded volatile during the session and closed flat amid profit booking post the last three days ' rally ...Read More >
Mumbai, Nov 13 (PTI) The rupee consolidated in a narrow range and settled for the day lower by 6 paise at 88.68 (provisional) against the US dollar on Thursday, as foreign fund outflows and continuous dollar demand from local importers, including oil companies, exerted pressure on the local currency. Forex traders said rupee is trading in a tight range, as overnight decline in crude oil prices and renewed optimism over US-India trade talks providing a steady anchor and restricted the downfall. ...Read More >
The Indian rupee faced depreciation against the US dollar on Friday, with foreign investors exiting the Indian capital markets. The domestic stock exchange experienced significant sell-offs. Concurrently, crude oil prices were on the rise in global markets. Notably, October saw a deceleration in growth within India's services sector, leading to the rupee's final settlement at 88.66 against the dollar. The rupee declined 3 paise to 88.66 against the US dollar in early trade on Friday as the Amer ...Read More >
Mumbai, Nov 10 (PTI) The rupee depreciated 6 paise to settle at 88.71 (provisional) against the US dollar in a muted session on Monday, weighed down by elevated crude oil prices. However, positive domestic equity markets and a soft US dollar cushioned the rupee's downside, forex traders said. At the interbank foreign exchange market, the rupee opened at 88.64 against the American currency, and touched an intraday high of 88.64 and a low of 88.71 against the greenback during the day. The domes ...Read More >
Mumbai, Nov 4 (PTI) The rupee recovered from the record low level and settled with a gain of 11 paise at 88.66 (provisional) against the US dollar on Tuesday boosted by falling crude oil prices overseas. Forex traders said a firm dollar, outflow of foreign funds and subdued domestic equity markets prevented a sharp gain in the Indian currency. At the interbank foreign exchange, the rupee opened at 88.55 and hit the intra-day high of 88.28 against the greenback. The unit also touched a low of 8 ...Read More >
The investment will be channelled into reviving the automaker's Maraimalai Nagar facility near Chennai in Tamil Nadu, which will be retooled to produce over 200,000 engines annually. Ford Motor Co. plans to invest about ₹32.5 billion ($370 million) in India to manufacture high-end engines for export markets, marking a significant return to local production four years after shutting down operations in the country, according to a person familiar with the matter told Bloomberg. The investment wi ...Read More >
Mumbai, Oct 28 (PTI) The rupee depreciated 21 paise to 88.40 against the US dollar in early trade on Tuesday, weighed down by month-end dollar demand from importers and a surge in global crude oil prices. Forex traders said investors are keeping a watch on Federal Reserve's policy decision on Wednesday for further cues. Markets are assigning a 97.8 per cent probability to a 25-basis-point rate cut, with another one expected in December, they said. At the interbank foreign exchange market, the ...Read More >
Mumbai: The rupee dropped by 40 paise on Monday, closing at 88.24 against the dollar. The dip below the 88/$1 mark prompted traders to cut their rupee-positive positions. According to traders, intervention by the Reserve Bank of India was mild. It was also the rupee's biggest single-day drop since September 23, LSEG data showed. The rupee opened at 87.86/$1 compared with its previous close of 87.84/$1 and traded in the range of 87.85 and 88.30, drifting weaker in the second half of the day. "I ...Read More >
Chennai: Judicial infrastructure is not merely about the grandiosity of the architecture. It is about justice itself. For justice to be timely, fair, and efficient, courts must be equipped with the right environment -- physically, technologically, and humanly, Justice Surya Kant, Senior Judge of the Supreme Court, said after inaugurating the 'Additional Heritage Court Building' of the Madras high court on Sunday.The Additional Heritage Court Building is the 134-year-old Indo-Saracenic heritage b ...Read More >
New Delhi [India], October 26 (ANI): India's foreign exchange reserves rose by USD 4.5 billion in the week that ended October 17 to USD 702.280 billion, primarily driven by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement'. The country's forex kitty is hovering close to its all-time high of USD 704.89 billion touched in September 2024. For the reported week, India's foreign currency assets (FCA), the largest component of foreign exchang ...Read More >
New Delhi, Oct 24 (SocialNews.XYZ) Gold ended a nine-week winning streak this week, with a sharp correction as the market reassessed a rally that had pushed prices into overbought territory. The price of 24-carat gold (10 grams) ended at Rs 1,22,419 on Friday, down from Rs 1,23,827 from its previous close, according to data published by the India Bullion and Jewellers Association (IBJA). Spot gold fell 0.3 per cent to close at $4,113.05 an ounce in New York, resulting in a weekly loss of appro ...Read More >
A massive fire broke out in the Karfali Mohalla area of Habba Kadal, Srinagar, during the night between Wednesday and Thursday. Reports indicate that the blaze gutted multiple residential houses and a godown, leaving several families homeless. The fire started in the early hours of Thursday morning, with officials saying that the Fire and Emergency Services received a distress call around 2:30 a.m. According to initial reports, nine residential houses and one godown were completely destroyed, ...Read More >
India's longest-running fil, 'Dilwale Dulhania Le Jayenge' (The Brave Hearted Will Take the Bride) celebrates 30 years in the Maratha Mandir theatre in Mumbai India's longest-running film celebrates 30 years in the same cinema on Monday, a Bollywood romance so beloved that fans know it simply by its acronym "DDLJ". First released on October 20, 1995, "Dilwale Dulhania Le Jayenge", or "The Brave Hearted Will Take the Bride" has been running daily at Mumbai's Maratha Mandir theatre since its deb ...Read More >
Mumbai, Oct 20: The rupee rose 9 paise to close at 87.93 (provisional) against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices. Positive sentiments in the domestic equity markets lent further support to the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 87.94 against the US dollar and traded in the range of 87.74-87.94 during the day before settling at 87.93 (provisional), higher by 9 paise against its previo ...Read More >
MUMBAI: The trading for Samvat year 2081 that ended on Monday was marked by high volatility with geopolitical issues and rate cuts across the world taking centre stage. As uncertainty increased, across the world, investors eyed haven assets like gold and silver, and drove their prices to all-time peaks. Since last Diwali, the start of the Samvat year 2081, both the precious metals have gained nearly 60%.On the domestic front, all though the sensex and Nifty went up only marginally, Dalal Street ...Read More >
Mumbai, Oct 20 (PTI) The rupee rose 9 paise to close at 87.93 (provisional) against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices. Positive sentiments in the domestic equity markets lent further support to the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 87.94 against the US dollar and traded in the range of 87.74-87.94 during the day before settling at 87.93 (provisional), higher by 9 paise against its p ...Read More >
MUMBAI, Oct 19 -- India's longest-running film celebrates 30 years in the same cinema on Monday, a Bollywood romance so beloved that fans know it simply by its acronym "DDLJ". First released on October 20, 1995, Dilwale Dulhania Le Jayenge, or The Brave Hearted Will Take the Bride, has been running daily at Mumbai's Maratha Mandir theatre since its debut. "I have seen it about 30 times... and I will continue watching it," said Mohammad Shakir, 60, smiling as he bought another 40 rupee (US$0.45 ...Read More >
Mumbai - India's longest-running film celebrates 30 years in the same cinema on Oct 20, a Bollywood romance so beloved that fans know it simply by its acronym DDLJ. First released on Oct 20, 1995, Dilwale Dulhania Le Jayenge, or The Brave Hearted Will Take The Bride, has been running daily at Mumbai's Maratha Mandir cinema since its debut. "I have seen it about 30 times... and I will continue watching it," said Mr Mohammad Shakir, 60, smiling as he bought another 40 rupee (S$0.60) ticket. The ...Read More >
NEW DELHI: The streets of Delhi echoed with festive cheer and fancy lights, holding thousands of shoppers excited for Dhanteras. The bustling markets on Saturday saw jewellery stores, automobile showrooms, and utensil shops thronged with customers, marking the beginning of Diwali. Despite soaring gold prices, trading hubs of the city from Karol Bagh and Chandni Chowk to South Extension and Lajpat Nagar also shimmered with excitement. The chaos of the choked traffic was quirky in its own way, w ...Read More >
MUMBAI, Oct 19 -- Soaring gold prices led Indian buyers to choose coins and bars over jewellery during the Dhanteras festival yesterday, fuelled by hopes that the precious metal's glittering rally would continue, industry officials told Reuters. Dhanteras, which marks the start of the five-day Diwali festival of lights, is considered auspicious for buying gold and is one of the busiest gold-buying days in the world's second-biggest consumer of the metal. Overall gold sales during Dhanteras wer ...Read More >
New Delhi [India], October 18 (ANI): Gold prices are expected to hit the record level of Rs 1.50 lakh per 10-gram level in coming months as it is showing unprecedented momentum in the global and domestic markets bolstered by the central bank purchases and strong public demand, particularly in China and Japan, according to Anantha Padmanaban, founder member and former chairman of the All India Gem & Jewellery Domestic Council (GJC). "The best I can see is around Rs 1.50 lakh per 10 grams is what ...Read More >
New Delhi: As Diwali draws near, gold prices have surged to a new high, driven by growing global uncertainties. Factors like rising trade tensions and weakening economic data have made investors turn to gold as a safe haven, boosting demand just in time for the festive season. In the past month, gold prices have risen by Rs 20,073 per 10 grams (an 18 per cent increase), driven by strong festive demand. With Diwali just around the corner, even small dips in prices are met with active buying. Sin ...Read More >
Chandigarh: The festive spirit of Dhanteras has brought a steady flow of customers to local markets, with both gold and silver jewellery witnessing strong demand, despite record-high prices. Market associations and jewellers across the city have reported a better-than-expected turnout.Sanjeev Chadha, president of Chandigarh Beopar Mandal, said, "In view of Dhanteras, markets have been buzzing with people. The overall response in the market is good."Gold prices have surged to Rs 1,21,000 per 10 g ...Read More >
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