In a major step to boost domestic supply chain resilience, the Union Cabinet on Wednesday approved a Rs 1,500 crore incentive scheme to promote recycling of e-waste and battery waste for extraction of critical minerals.The scheme, which is part of the National Critical Mineral Mission (NCMM), will run for six years from FY 2025-26 to…
Reliance Jio’s upcoming stock market debut could reshape India’s telecom sector, with financial services firm CLSA calling it a “mega event” that may also trigger a rerating of Bharti Airtel. The brokerage underlined that Jio, which commands a subscriber base of over 500 million across 4G and 5G networks, holds 42 per cent market share…
Gold rate today: Gold prices shot up by Rs 1,000 to hit a fresh all-time high of Rs 1,07,070 per 10 grams in Delhi on Wednesday, fuelled by mounting expectations of a US Federal Reserve rate cut, geopolitical tensions, and concerns over the US economy. The yellow metal of 99.9 per cent purity had closed…
File photo: Former Prime Minister Jawaharlal Nehru The iconic bungalow at Motilal Nehru Marg (earlier 17 York Road), which once served as the first official residence of former Prime Minister Jawaharlal Nehru, is set to change hands in what could be the costliest residential property deal in India.According to ET, the property is being acquired…
The global funding target set for COP30 is far behind schedule, with only 4-5 per cent of the promised $1.3 trillion achieved so far, claimed Vishwas Chitale, Fellow, Climate Resilience at the Council on Energy, Environment and Water (CEEW).In an exclusive interview to news agency ANI, Chitale stressed that the $1.3 trillion target is crucial…
The proposal to reduce drug costs for Americans through pharmaceutical tariffs could have unintended consequences. (AI image) US President Donald Trump is mulling tariffs on the pharmaceutical sector – as high as 200%! Trump intends to levy substantial import duties on pharmaceutical products, a sector that has largely remained unaffected by his trade policies. Historically,…
Indian and Chinese companies are moving quickly to firm up joint ventures and partnerships in electronics and automobiles after the recent meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping.Both leaders have pledged to improve ties, a signal that has boosted business sentiment amid US tariff pressures.According to industry executives cited by ET,…
India’s services sector expanded at its fastest pace in 15 years in August, driven by strong demand and rising international orders, according to the HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global.The index rose to 62.9 in August from 60.5 in July, marking the sharpest growth since June 2010. A reading above…
India’s current account deficit (CAD) could almost double in the ongoing financial year to 1.2 per cent of gross domestic product (GDP), compared with 0.6 per cent in FY25, amid rising trade and geopolitical tensions, according to a report by Union Bank of India.As per news agency ANI, the report pointed out that India’s merchandise…
Broader bullish trend can take gold prices to witness new highs in coming weeks. (AI image) Gold price prediction today: Gold is expected to trade in a sideways range with a bullish bias, while silver is likely to continue its bull run, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock…
