MCX gold futures for October delivery decreased by Rs 203 (0.19 per cent) to Rs 1,08,830 per 10 grams. (AI image) Gold rate today: After hitting lifetime highs this week, gold prices on Wednesday dropped to below Rs 1.09 lakh per 10 grams in domestic futures trading. Investors took profits amidst weakening international markets, whilst […]
Trump tariff: Will wait and watch how trade talks pan out, says officials
NEW DELHI: While the recent social media exchanges between PM Modi and President Donald Trump are being seen as signs of a possible recovery in India-US ties, Indian govt believes not enough attention has been paid to the “positive steps” in the relationship since Trump took charge.These measures, according to govt sources, have led to […]
Bihar infra boost: Cabinet clears 4-lane Mokama–Munger road corridor; Rs 4,447 crore allocated
The Cabinet Committee on Economic Affairs (CCEA) has approved the construction of a 4-lane greenfield access-controlled Mokama–Munger section of the Buxar–Bhagalpur high-speed corridor in Bihar. The project will be taken up on Hybrid Annuity Mode (HAM), covering 82.4 km at a total capital cost of Rs 4,447.38 crore, the Ministry of Road Transport & Highways […]
Ukraine war: US’ Nato envoy accuses India, China of funding Russian offensive; suggests ‘additional sanctions’
NEW DELHI: US Ambassador to Nato Matthew Whitaker on Tuesday claimed that Russia’s military operations in Ukraine are being financed through oil sales to countries including India, China and Brazil. Speaking to Fox News, Whitaker urged for additional sanctions and tariffs on these nations to increase economic pressure on Moscow.He said Russia’s economy is showing […]
India not pursuing dollar alternative: CEA Nageswaran clarifies on economic conditions; assures resilience amid global tensions
Chief Economic Adviser (CEA) V Anantha Nageswaran (File photo) NEW DELHI: Chief Economic Advisor (CEA) V Anantha Nageswaran on Tuesday clarified that India is not participating in any initiative to create an alternative to the US dollar, confirming that no such plans are under consideration. Speaking at an AIMA event, he highlighted India’s economic resilience […]
Novo Nordisk to cut 9,000 jobs: Ozempic maker to reduce workforce by 11%; refocus on diabetes and obesity treatments
Danish pharmaceutical giant Novo Nordisk on Wednesday announced plans to reduce its global workforce by 11 percent, eliminating 9,000 positions, including 5,000 in Denmark. The move aims to save eight billion kroner ($1.3 billion) as competition intensifies for its anti-obesity treatments Ozempic and Wegovy, as reported by AFP.The company also lowered its earnings forecast for […]
Industrial boost: Vedanta in process of land acquisition for 3 MTPA smelter; aluminium park in Jharsuguda also on cards
Vedanta is in the process of acquiring land in Dhenkanal, Odisha, for its proposed three million tonnes per annum (MTPA) aluminium smelter, which the company says could create over two lakh jobs.“We are moving towards setting up a new mega aluminium plant at Dhenkanal, Odisha, (with a capacity of) three million tonnes,” said Rajiv Kumar, […]
Klarna IPO debut: Stock jumps 30% on NYSE listing; Swedish BNPL firm eyes US market growth
Shares of Swedish buy-now-pay-later company Klarna surged 30% in their much-anticipated public debut on the New York Stock Exchange, opening at $52 compared to the IPO price of $40 set late Tuesday.More than 34 million shares worth about $1.37 billion were sold, making it the largest IPO this year, according to Renaissance Capital. It took […]
Donald Trump wants EU to impose up to 100% tariffs on India, China – but it is unlikely to agree; here’s why
Trump suggested the EU should implement tariffs of up to 100% on India and China to exert pressure on Russian President Vladimir Putin. (AI image) US President Donald Trump has reportedly urged the European Union to impose 100% tariffs on countries like India and China for their Russian oil purchases, but the EU may not […]
FPI rules: Sebi eases compliance for govt securities investors; move to boost sovereign debt inflows
Markets regulator Sebi on Wednesday announced that foreign portfolio investors (FPIs) investing solely in government securities under the fully accessible route will no longer be required to provide investor group details.In a circular, Sebi said these investors will also be exempted from certain disclosure and reporting requirements applicable to regular FPIs. The changes are intended […]