Gold prices climbed Rs 200 to Rs 99,400 per 10 grams in the national capital on Thursday following fresh buying by stockists and jewellers and a weak dollar, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity took a U-turn from the historic Rs 1 lakh-mark and declined Rs … Read more
“The new world initially was looking extremely uncertain, but I cannot say that uncertainty is still not there. Uncertainty is there, but the impact probably could be a bit might diluted. And second from India point of view, probably it is a great opportunity from India point of view,” says A Balasubramanian, MD & CEO, … Read more
The U.S. dollar extended its slide against other major currencies on Monday, the latest sign that investors may be starting to shun what has long been the safest haven in global financial markets. An index that tracks the dollar against a basket of major trading partners fell for a fifth straight day, even as U.S. … Read more
Gold prices rallied by Rs 1,100 to hit a fresh peak of Rs 92,150 per 10 grams in the national capital on Friday amid rise in precious metal rates in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had finished at Rs 91,050 per 10 … Read more
Gold prices slipped below Rs 79,000 per 10 grams in the national capital on Tuesday due to poor offtake by stockists and retailers, according to the local marketmen. Gold declined during the last trading session of the year as participants were cautious, traders said. The precious metal of 99.9 per cent purity declined Rs 550 … Read more
The Indian rupee depreciated to an all time low during the day, but ended slightly stronger at 85.01 per US dollar on a closing basis, due to the rebalancing of FTSE’s equity index and interventions from the Reserve Bank of India, traders said. The rupee hit a low of 85.10/$1 during the day, before closing … Read more
Infosys and Wipro delivered better than expected sequential growth in dollar denominated revenue for the September quarter. The difference in their performance was on the front of profitability and the total contract value of new deals. While Infosys disappointed on these parameters, Wipro surpassed analysts’ estimates on profits, profitability and also reported a revival in … Read more
The so-called Yen carry trade has been in focus in the past few trading sessions in the wake of the selloff in shares of US technology giants. A look at what is Yen carry trade and what it means for the financial markets worldwide: What is a Carry Trade? A carry trade is a hugely … Read more
The National Investigation Agency (NIA) on Monday filed a chargesheet against an accused in the 2019 Surat Fake Indian Currency Notes (FICN) case. The central anti-terror probe agency charged Abdul Gaffar, alias Gaffarbhai, a resident of Bihar’s Katihar, for being involved in a criminal conspiracy, along with several others, for the circulation and distribution of … Read more
Airtel reported a 4.4% rise in its profit before exceptional items and taxes to ₹52.34 billion. File | Photo Credit: Reuters Indian telecom operator Bharti Airtel reported fourth-quarter revenue below expectations on Tuesday, hurt by currency devaluation in Africa. India’s second-ranked telecom carrier by subscribers said consolidated revenue from operations rose 4.4% to ₹375.99 billion … Read more