Gold prices surged over 1 per cent to a record high on Tuesday as investors turned to the safe-haven asset following comments from Federal Reserve officials that solidified expectations for a U.S. interest rate cut in September. By 11:01 a.m. ET (1501 GMT), spot gold increased by 1.3 per cent to $2,452.29 per ounce, while…
Cotton stocks extended gains on Tuesday, July 16, after domestic rating agency ICRA lifted the FY25 growth forecast for the Indian cotton spinning industry. ICRA expects the domestic cotton spinning industry to recover in fiscal 2024-25 (FY25), growing by 6-8 per cent over volume growth and mild realisation gains.Ā Leading cotton stocks listed on D-Street…
Although a range of tax-related changes are introduced every year for taxpayers, a few key changes are āradicalā and occur only once every three or five years. The introduction of the ānew tax regimeā is undoubtedly one such key change that is substantive, and will transform the way income tax is calculated and deductions allowed….
Indian aviation reported the best-ever half-year traffic this year, recording 7.93 crore passengers between January and June this year, compared to 7.60 crore passengers during the same period last year. Thus far, 2023 has been the best-ever year for domestic aviation in India, when it surpassed the pre-COVID numbers by 5.77 per cent. The current…
Defence Secretary presides over first steel cutting of Fleet Support Ships for Indian Navy at Hindustan Shipyard Ltd in Visakhapatnam New delhi,10 APR 2024,PIB Delhi – Defence Secretary Shri Giridhar Aramane presided over the first steel cutting of the Fleet Support Ships (FSS) for the Indian Navy at Hindustan Shipyard Limited (HSL) in Visakhapatnam on…
In the week ahead on Wall Street, all eyes will be on the US Federal Reserve for its second monetary policy decision of this year. it is widely expected that the central bank would keep interest rates unchanged. Investors will also keenly watch comments from Fed Chair Jerome Powell during his press conference on Wednesday…
The market responded enthusiastically. For a brand frozen by its own infighting, the thaw came with promises of stability, transparency and value creation for shareholders. With the leadership reshuffle, brand consolidation, and a professional governance framework in place, Vadilal Industries is no longer just about scoops and conesāit’s about serious corporate reinvention. A family feud…
Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher Friday following a rally in global markets. The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 24,330 level, a premium of nearly 160 points from the Nifty futuresā previous…
(Bloomberg) — Ethiopia raised 3.2 billion birr ($24 million) after selling 10% of the shares on offer in its maiden initial public offering that was open for more than four months.Ā The nation sold 10.7 million shares in state-run Ethio Telecom for 300 birr each, the company said in a statement Friday. Ethiopia Investment Holdings,…
The Securities and Exchange Board of India’s (Sebi) move follows an expert committeeās recommendations to the market regulator for well-governed entities that are expected to perform better in the long run. Compliance with laws is the baseline indicator of responsible governance. Sebiās changes focus both on external assurance exercises on compliance as well as robust…
