Investors, led largely by younger buyers, purchased an estimated 12 tonnes of digital gold during January–November this year, according to data compiled by the World Gold Council (WGC) even as demand slowed after a recent regulatory caution from Sebi.The estimate is based on data from the National Payments Corporation of India (NPCI) on UPI transactions…
The insolvency appellate tribunal NCLAT has ruled that the Committee of Creditors (CoC) cannot modify an approved resolution plan to reallocate funds meant for dissenting financial creditors, reaffirming limits on the exercise of commercial wisdom after a plan has been cleared, PTI reported.Dismissing an appeal filed by Bank of Baroda in the insolvency proceedings of…
US stocks traded mixed on Friday as investors returned from the Christmas holiday in thin volumes, while gold and silver continued their sharp rally to fresh record highs amid safe-haven demand. In early trade, the S&P 500 edged up about 0.1% in early trade, holding on to modest gains for the week, AP reported. The…
The government has amended rules to streamline approvals for opening coal and lignite mines, a move aimed at cutting procedural delays and speeding up mine operationalisation while retaining regulatory oversight, PTI reported .Under the earlier framework, Rule 9 of the Colliery Control Rules, 2004 required mine owners to obtain prior approval from the Coal Controller’s…
India’s steel capacity expansion is coming under pressure from a policy mismatch that raises input costs even as the government seeks to protect domestic producers, according to a report by the Global Trade Research Initiative (GTRI).“Protecting domestic metcoke producers is valid, but stacking quotas and duties on a non-substitutable input risks over-correction and macroeconomic consequences,”…
India’s foreign exchange reserves rose sharply by $4.368 billion to $693.318 billion in the week ended December 19, data released by the Reserve Bank of India showed on Friday, PTI reported.The latest increase follows a rise of $1.689 billion in the previous week, taking the country’s overall forex buffer to its highest level in recent…
India’s exports of creative goods rose in the first seven months of FY26, driven by strong demand for fashion accessories, jewellery, carpets and toys, with the UAE emerging as the largest destination, according to an ET analysis.The exports of creative goods increased 7.3% year-on-year to $12.5 billion during April–October FY26, up from $11.7 billion in…
NEW DELHI: The government issued a notification announcing a new Indian Standard for incense sticks (agarbatti), laying down quality norms and specifying a list of substances prohibited for use in their manufacture.The standard has been developed by the Bureau of Indian Standards (BIS) to ensure safer products and promote responsible and sustainable practices in the…
Whenever global risks rise, investors seek assets that preserve value, and bullion has historically played that role well. (AI image) Gold and silver dazzled investors in 2025. Gold prices surged close to 80% while silver outshone all asset classes with gains of nearly 150%. Such spectacular returns naturally lead to the question: should one load…
One of the most successful exports is the BrahMos missile. (File photo of BrahMos) By Pawan Khatter For the defence sector, 2025 is the Year of Reforms with various goals, one of which is the focus on new domains such as cyber and space, AI, ML, hypersonics and robotics. 2025 saw several feats in these…
