MUMBAI: The accepted wisdom, for years, was that global uncertainties and inflation would drive the prices of precious metals northward. The war in West Asia is challenging that direction of causality.Despite heightened global uncertainties and fear of oil-price-led inflation, the price of the two precious metals-gold and silver-have slid southward. And market players and analysts…
The rupee weakened by 23 paise to settle at an all-time low of 93.76 against the US dollar on Tuesday, pressured by a strengthening greenback and elevated global crude oil prices that dampened investor sentiment.Forex traders said continued foreign fund outflows amid uncertainties linked to the Middle East crisis also weighed on the domestic currency,…
NEW DELHI: The government on Tuesday said that women-led growth will be central to the country’s development ambitions, even as policymakers and industry leaders called for stronger ecosystems to support women in innovation and entrepreneurship.Speaking at a summit organised by the women’s empowerment arm of the BRICS Chamber of Commerce and Industry, Minister of State…
Epic Games on Tuesday said it will lay off more than 1,000 employees as the video game publisher moves to cut costs amid industry-wide pressures and company-specific challenges, AP reported.The Cary, North Carolina-based company said the job reductions are not linked to artificial intelligence, but reflect slower growth in the gaming sector, weaker consumer spending…
Exports supported under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are estimated to have grown at over 20 per cent compound annual growth rate between 2023-24 and 2025-26 despite global headwinds such as weak demand, freight volatility, rising protectionism and geopolitical uncertainties, PTI reported citing an official on Tuesday.At the same…
Last Friday, the Donald Trump administration granted a 30-day waiver on sanctions for Iranian oil already in transit. (AI image) With the US waiving sanctions on Iran oil, Reliance Industries has reportedly bought 5 million barrels of Iranian crude. Reliance runs the world’s largest refining complex. The effective closure of the Strait of Hormuz has…
The Centre has extended the validity of tariff rate quota (TRQ) licences issued for gold imports under the India-UAE free trade agreement, offering relief to importers facing supply disruptions amid the ongoing geopolitical crisis, reported PTI.India allows quota-based duty concessions on gold imports under the TRQ mechanism as part of the Comprehensive Economic Partnership Agreement…
US stocks slipped on Tuesday while oil prices resumed their climb, as continuing airstrikes on Iran and fresh missile attacks across the Middle East dampened the optimism that had lifted markets a day earlier.The S&P 500 fell 0.6%, giving back nearly half of its previous session’s gain. The Dow Jones Industrial Average dropped 363 points,…
MUMBAI: J.P. Morgan has appointed Rahul Badhwar as senior country officer for India, filling a key leadership gap after months without a dedicated head in one of its fastest-growing markets.Badhwar will start in July 2026, be based in Mumbai, and report to Sjoerd Leenart, CEO Asia Pacific. He will also join the Asia Pacific management…
Benchmark stock indices Sensex and Nifty surged nearly 2 per cent on Tuesday, tracking gains in Asian markets after US President Donald Trump announced a temporary halt on strikes targeting Iranian energy infrastructure.The 30-share BSE Sensex jumped 1,372.06 points, or 1.89 per cent, to close at 74,068.45. During the session, it rallied as much as…