Reserve Bank of India Governor Sanjay Malhotra indicated that policy space exists for a further rate cut, but the timing needs to be right to ensure the move has the desired impact, according to minutes of the Monetary Policy Committee (MPC) meeting released on Wednesday.Malhotra, along with five other MPC members, voted to maintain the…
Wall Street giants are reporting blowout results for their most recent quarter. But they are getting worried about what lies ahead. Source link
Silver rate today: Silver prices retreated sharply on Wednesday, dropping Rs 3,000 to close at Rs 1,82,000 per kg (inclusive of all taxes) after surging Rs 6,000 to a record Rs 1,85,000 per kg on Tuesday. In the overseas market, spot silver was trading 2.81 per cent higher at $52.84 per ounce, down from a…
NEW DELHI: Government sources on Wednesday said that discussions between India and the United States on trade issues are “deeper and ongoing,” with both sides working towards finding a “win-win solution.“According to government sources quoted by ANI, engagement between India and the United States is continuing at multiple levels, with constructive discussions taking place.“The ambassador-designate…
Gold’s price trajectory shows remarkable momentum, with a nearly 50% increase this year and breaking the $4,000 per ounce threshold. Analysis suggests potential growth of 150% by 2028 at the current rate, according to reports.Ed Yardeni, who leads Yardeni Research, maintains a strongly positive outlook on gold, as per Economic Times citing his report. His…
Tarun Garg (File photo; credit- Hyundai website) Hyundai Motor India announced on Wednesday the appointment of Tarun Garg as its new chief executive officer, establishing a historic milestone as the first Indian to lead the company’s operations in the country. The announcement was made alongside the disclosure of a $5 billion investment strategy for enhancing…
Silver has become 2025’s most profitable investment, with silver exchange-traded fund (ETF)s yielding impressive 102% returns this calendar year. The industrial metal’s value has reached unprecedented levels, trading at approximately Rs 1.8 lakh in the spot market, with analysts forecasting targets up to Rs 2.46 lakh per kg, driven by increased demand and limited supply.Traditional…
Gold prices reached a new record high of Rs 1,27,500 per 10 grams on the MCX (December contract) during early Wednesday trading, driven by safe-haven demand amidst geopolitical uncertainty and anticipated US rate cuts.The precious metal was trading at Rs 1,26,798, showing an increase of Rs 542 or 0.43% from the previous session.Analysts, quoted by…
CMA CGM, the French shipping giant and world’s third-largest container carrier, has identified India as a potential hub for constructing small, LNG-powered container vessels. This development follows chairman and CEO Rodolphe Saade’s signing of a letter of intent with Cochin Shipyard for six vessels, valued at approximately $300 million, as reported by Economic Times. This…
Image used for representative purposes Elon Musk once again put the spotlight on Bitcoin, this time in a social media exchange emphasizing the cryptocurrency’s connection to energy. Responding to a post by X user ‘zerohedge’, who argued that soaring gold, silver, and Bitcoin prices reflect the “debasement” used to fund the AI arms race, Musk…
