Gold prices reached a new record high of Rs 1,27,500 per 10 grams on the MCX (December contract) during early Wednesday trading, driven by safe-haven demand amidst geopolitical uncertainty and anticipated US rate cuts.The precious metal was trading at Rs 1,26,798, showing an increase of Rs 542 or 0.43% from the previous session.Analysts, quoted by…
CMA CGM, the French shipping giant and world’s third-largest container carrier, has identified India as a potential hub for constructing small, LNG-powered container vessels. This development follows chairman and CEO Rodolphe Saade’s signing of a letter of intent with Cochin Shipyard for six vessels, valued at approximately $300 million, as reported by Economic Times. This…
Image used for representative purposes Elon Musk once again put the spotlight on Bitcoin, this time in a social media exchange emphasizing the cryptocurrency’s connection to energy. Responding to a post by X user ‘zerohedge’, who argued that soaring gold, silver, and Bitcoin prices reflect the “debasement” used to fund the AI arms race, Musk…
Market experts anticipate sideways trading, with global factors, foreign investment flows and Q2FY26 corporate results likely influencing short-term movements. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 25,200, BSE Sensex was up almost 300 points. At 9:23 AM, Nifty50 was…
New Delhi: Led by Apple, India’s mobile phone exports have shot up by 60% in the first half of this fiscal, closing Apr-Sept FY26 with total shipment of $13.5 billion against $8.5 billion in the same period of 2024-25. In Sept, when new iPhone hit global markets, shipments from India moved up by 95% on…
BENGALURU: Infosys won a 1.2-billion-pound ($1.6 billion), 15-year contract from the NHS Business Services Authority (NHSBSA). The NHSBSA is a body of the UK’s department of health & social care and provides a range of critical central services to NHS organisations, NHS contractors, patients, and the public.Infosys will develop a data-driven workforce management solution that…
Federal Reserve Chair Jerome Powell warned on Tuesday that the sharp slowdown in US hiring poses increasing risks to the economy, suggesting the central bank may reduce its key interest rate two more times before the year ends.In written remarks ahead of a meeting of the National Association of Business Economics in Philadelphia, Powell noted…
Public sector banks have demonstrated stronger performance and resilience recently, with credit growth surpassing that of private banks, Financial Services Secretary M Nagaraju said on Tuesday. He attributed the trend to improved due diligence, enhanced credit underwriting standards, and better monitoring of project loans.Speaking at the inauguration of Punjab & Sind Bank’s MSME Sports Cluster…
US President Donald Trump on Tuesday claimed that China is “purposefully” not buying the soybeans from their farmers, and this is the reason they are considering terminating the business with Beijing.Calling China’s deliberate work an “economically hostile act,” Trump said that they can make the cooking oil themselves and don’t need China for that. In…
The US-China trade war took a sharper turn this week, with US Treasury Secretary Scott Bessent accusing Chinese President Xi Jinping’s regime of making “provocative,” economic moves after Beijing tightened export controls on rare earth minerals.Speaking to Fox Business on Monday, Bessent said the move was a direct challenge to the global economy, “This is…
